Yukom Communications CEO Lee Elbaz faced a setback after the United States Maryland District Court turned down her request to travel to Israel. Miss Elbaz is facing charges of binary options fraud; this is the second time her request was denied.
Emergency motion dismissed
Judge Timothy J. Sullivan dismissed Elbaz’s emergency motion to modify terms of release on March 29, 2019. She wanted to travel to Israel to see her critically ill grandfather. The court denied the motion stating that the defendant poses a flight risk.
The US government had filed a Memorandum against Elbaz’s motion which meant that the court had to do a de novo review of the judge’s ruling. After reviewing the submission filed by all the parties, Maryland court concurred with Magistrate Judge’s order of detention.
FBI had arrested Elbaz in 2017 on charges of one count of conspiracy to commit wire fraud and three counts of wire fraud. She is accused of selling Binary options as CEO of Yukom Communications and participating in the sale and marketing of the said product.
The sales and marketing services were provided by Yukom Communications under the brand name BinaryBook and BigOption along with investor retention services. The business owners made money when investors lost. The company also used call scripts to convince clients, such as below.
“My company is very interested in helping you generate the biggest possible profit in the account”;
“As your account manager, my goal for you is to be as profitable as possible since my paycheck is based on your profits.”
Why the judge denied the motion?
Judge Theodore D. Chuang did state as to why the court denied the motion to modify terms of release. He stated that the court understands Elbaz and her family situation. However, the accused carries a flight risk, and it would not be feasible for the accused to appear in the court as a when required. Since the accused resides in a foreign country, the process of extradition cannot be relied upon.