The Commodity Futures Trading Commission (CFTC) has filed a motion for default judgment against a number of entities and individuals involved in a large-scale binary options scheme.
The document, seen by FX News Group, was submitted at the Illinois Northern District Court on January 17, 2025.
The regulator pushed for heavy penalties against Yukom Communications Ltd, Linkopia Mauritius Ltd., Wirestech Limited, WSB Investment Limited, Zolarex Ltd.; and Yossi Herzog, Lee Elbaz, and Shalom Peretz.
The Commission filed its five-count Complaint on August 12, 2019, charging the five Yukom Entities and four individual defendants with, beginning on or around March 26, 2014, and continuing until at least the filing of the Complaint, operating the “Yukom Enterprise” and fraudulently soliciting individuals throughout the United States and other countries to enter into illegal, off-exchange…
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