While following our updates, you have probably read up on the case against Lee Elbaz, a binary options fraudster from Israel. Elbaz ran a company called Yukom Communications, and scammed investors through the BigOption and BinaryBook websites.
While there are a number of binary options cases which are ongoing right now, this is one of the biggest. In fact, it is so big that the United States government asked the Court on October 15 if it could notify Elbaz victims publicly instead of privately.
Normally, victims in cases like these are contacted one by one, but as there are thousands of people who may have been scammed, this would not be a practical way to handle the notifications. If the motion to notify the victims publicly en masse is passed, the Department of Justice will do so.