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Ex-CEO Found Guilty of Binary Options Fraud

August 14, 2019 by Louis Chunovic

Ex-CEO Found Guilty of Binary Options Fraud

A Maryland federal court has convicted a citizen of Israel residing in the United States of three counts of wire fraud and one count of conspiracy for organizing a scheme to market approximately $145 million in binary options. A “binary option” is a financial instrument with an appeal that might remind gamblers of what draws… Read More >>

Filed Under: Securities Operations, Case Studies, Industry News, Operational Risk, Reconciliation & Exceptions, Risk Management, Settlement, General Interest, Governance, Diversity, Equity, and Inclusion (DEI), Back-Office, Standards, Performance Measurement, KYC, AML/Fraud/Financial Crime, Regulation & Compliance, Regulatory Compliance, Regulatory Reporting, Industry News Tagged With: binary options, binary options fraud, CFTC, conspiracy, Lee Elbaz, wire fraud

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