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USA v. Elbaz

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Case overview

Case Number:

8:18-cr-00157

Court:

Maryland

Nature of Suit:

Judge:

Theodore D. Chuang

Firms

  1. December 19, 2019

    Binary Options Boss Gets 22 Years For $145M Fraud

    Israeli binary options broker Lee Elbaz was sentenced to 22 years behind bars Thursday for her role in a $145 million Israel-based investment fraud that targeted overseas investors.

  2. August 07, 2019

    Binary Options Boss Convicted Of Role In $145M Fraud Scam

    Israeli binary options executive Lee Elbaz was found guilty of wire fraud Wednesday for the part she played in a $145 million investment scam that targeted overseas investors.

  3. July 30, 2019

    Binary Options Boss Defends Lying To Clients In $145M Fraud

    An Israeli binary options executive on trial for her alleged role in a $145 million investment scam took the stand Tuesday to tell a Maryland federal jury that she may have lied to clients about her name and her experience in financial markets, but she never misled investors about the financial product.

  4. July 24, 2019

    Binary Options Boss Made Investors Lose, FBI Agent Testifies

    An Israeli binary options executive on trial for her alleged role in a $145 million investment scam wanted investors to lose profits from their trades and made sure that happened, according to testimony given Wednesday by an FBI agent who investigated her actions.

  5. July 22, 2019

    Binary Options Agent Says Boss Padlocked Client Profits

    An Israeli binary options executive on trial for allegedly bilking investors out of tens of millions of dollars also worked vigorously on the back end to ensure clients never withdrew any money their trades made, a Maryland federal jury heard Monday.

  6. July 18, 2019

    Binary Options Exec Trained Reps To Con Investors, Jury Told

    On the second day of binary options executive Lee Elbaz's fraud trial, one of her former subordinates took the stand to tell a Maryland federal jury that Elbaz coached her on how to lie to investors to bring in more cash.

  7. July 16, 2019

    Binary Options Boss Didn't Know About Reps Fraud, Jury Told

    Former binary options executive Lee Elbaz shouldn't face the consequences of the fraud committed by sales representatives she once supervised, Elbaz's attorney told a Maryland federal jury at the opening of her wire fraud trial Tuesday.

  8. June 21, 2019

    Feds Warned For 'Significant Error' In Binary Options Case

    A Maryland federal judge gave prosecutors at the Department of Justice’s Fraud Section a warning in a case against a former binary options executive, saying a "significant error in judgment" and unjustified "shortcuts" gave the trial team access to the defendant's privileged emails with her attorney.

  9. June 17, 2019

    Ex-Binary Options CEO Says Feds Scared Off Her Witnesses

    Former Israeli binary options promoter Lee Elbaz accused prosecutors of violating her Fifth Amendment rights by tipping off her would-be defense witnesses that they had been indicted — a mess she says a Maryland federal judge can fix by making prosecutors give the witnesses immunity.

  10. December 20, 2018

    Judge Raps Quinn Emanuel Trial Preparedness In Fraud Case

    A Maryland federal judge gave Quinn Emanuel Urquhart & Sullivan LLP a benchslap on Tuesday, saying that nonpublic filings showed the firm had "failed properly to prepare for trial" on behalf of an Israeli national accused of a boiler-room-like scheme involving binary options.

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