22 yearsthe prison sentence for the binary options CEO behind BinaryBook and BigOption
A binary options CEO who ran the BinaryBook and BigOption brands was sentenced to 22 years in prison for a $145 million fraud, then ordered to pay $28 million in restitution.
Lee Elbaz's Yukom Communications took money from investors worldwide while brokers used false names and false London credentials. Victims named at sentencing included a 67-year-old who lost $304,000, his entire life savings.
Source: The Times of Israel. Read more: binary options fraud · case file