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Ex-BinaryBook employee sentenced to a year in prison in the US

Sep 02 2019
By
Jonathan Smith

 

Israeli binary options operative Lissa Mel pled guilty to her role in $145 million scam scheme, and was sentenced to a year in prison and $288 024 in restitution to victims by a US federal court previous week. After serving her term, Mel will be under supervised release for a term of two more years.

 

Mel worked as a sales representative for Yukom Communications Ltd from July 2015 till November 2016. The company operated unregulated Israeli binary options brokers BigOption and BinaryBook and defrauded thousands of investors, including Americans, out of millions of dollars.

 

During her one-year tenure at Yukom, Mel induced investors “to deposit funds based on material misrepresentations, including lies about the fact that her interests were not aligned with those of investors, lies about the anticipated returns from binary options trading, lies about her qualifications and lies about investors’ ability to withdraw funds,” according to the court papers.

 

She signed a plea agreement with the US Department of Justice back in January 2019, according to which, “the defendant communicated with more than ten investors and was directly responsible for approximately $288,024 in investor losses.”

 

Mel is one of 15 employees of the Israeli companies Yukom Communications Ltd. and/or Numaris Communication Ltd., who have been prosecuted by the US authorities. the CEO of Yukom Communications Ltd., Lee ElbazLast month, a US court convicted the Yukom CEO Lee Elbaz, who was arrested by the FBI in 2017, of three counts of wire fraud and one of conspiracy to commit wire fraud in connection with the same case.  Ex-BinaryBook employee Austin Smith who turned into a “recovery agent” pleaded guilty to fraud earlier this year.

TAGS: BinaryBook  binary scam  Yukom  Lissa Mel  US  Israel 

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