Binary options fraudster Lee Elbaz wants to take depositions of Yossi Herzog
Lee Elbaz seeks a Court order permitting her to take videotaped depositions in Israel of Yossi Herzog, Elad Bigelman, Nissim Alfasi, and Chanan Tabarko.
Lee Elbaz, also known as Lena Green, the former CEO of Israel-based Yukom Communications who stands accused of binary options fraud in the United States, has filed documents with the Maryland District Court, detailing her intentions to depose certain individuals.
As per the Motion, filed earlier this week, Elbaz requests an Order permitting her to take videotaped depositions in Israel of Yossi Herzog, Elad Bigelman, Nissim Alfasi, and Chanan Tabarko in order to preserve the testimony of these individuals for trial. According to Elbaz, exceptional circumstances and the interest of justice support granting her Motion.
The names of Lee Elbaz and Yossi Herzog have been associated in the past, as FinanceFeeds research has demonstrated. Herzog is the majority owner of Yukom Communications. Furthermore, Elbaz and Herzog are known for their work at now-defunct 4XP.
The details about Elbaz’s motion to depose Herzog and other witnesses are not made public. The relevant documents are sealed.
Let’s recall that, earlier in April, Elbaz had her request to travel to Israel turned down again by the Maryland District Court. Judge Theodore D. Chuang said that while the Court is sympathetic to the desire of Elbaz and her family that she be permitted to visit a relative who is very ill, the Court cannot approve the request to modify the conditions of the defendant’s release. That is because the defendant remains a significant risk of flight. The requested modification of Elbaz’s release would not “reasonably assure the appearance of [the Defendant] as required” because the Government does not have the ability to compel her return, and extradition proceedings cannot be relied upon to secure her return, the Judge explained.
Elbaz was arrested by the FBI in September 2017. The Indictment charges her with one count of conspiracy to commit wire fraud and three counts of wire fraud. The Indictment alleges that Elbaz participated for over three years (from approximately May 2014 and continuing through approximately June 2017) in a fraudulent scheme involving the sale and marketing of binary options – including as the Chief Executive Officer of Yukom Communications. Yukom was an Israel-based business that provided sales and marketing services, including investor “retention services,” for two internet-based businesses that sold and marketed binary options with the brand names BinaryBook and BigOption.