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In August 2017 [[Israel Police|Israeli police]] superintendent Rafi Biton said that the binary trading industry had "turned into a monster". He told the Israeli [[Knesset]] that criminal investigations had begun.<ref name=":1">{{Cite news|url=https://www.haaretz.com/israel-news/business/1.804915|title=In First, Israel Police Admit Crime Syndicates Are Behind Binary Options Industry|last=Appelberg|first=Shelly|date=2017-08-03|work=Haaretz|access-date=2017-10-24|language=en}}</ref>
In September 2017, the FBI arrested Lee Elbaz, CEO of binary options trading company Yukom Communications, upon her arrival in the United States. They arrested her for [[wire fraud]] and conspiracy to commit wire fraud.<ref name="Matts092417">{{cite news |last1=Staff|first1=Tori|title=FBI arrests Israeli binary options CEO as she disembarks El Al flight at JFK|url=https://www.timesofisrael.com/fbi-arrests-israeli-binary-options-ceo-as-she-disembarks-el-al-flight-at-jfk/|work =The Times of Israel|date=September 24, 2017|access-date=September 24, 2017}}</ref> In 2019 she was found guilty and sentenced to 22 years in prison.
<ref>{{cite news |title=Former CEO of Israeli Company Sentenced to 22 Years in Prison for Orchestrating Major International Binary Options Fraud Scheme|url=https://www.justice.gov/opa/pr/former-ceo-israeli-company-sentenced-22-years-prison-orchestrating-major-international-binary/|work =Department of Justice|date=December 19, 2019|access-date=August 19, 2022}}</ref>
In February 2019, the FBI arrested Austin Smith, Founder of Wealth Recovery International, after his arrival in the United States. Smith was arrested for [[wire fraud]] due to his involvement as an employee of Binarybook.com.<ref>{{Cite web|url=https://www.timesofisrael.com/israeli-american-claiming-to-help-binary-options-victims-pleads-guilty-to-fraud/|title=Israeli-American claiming to help binary options victims pleads guilty to fraud|first=Simona|last=Weinglass|website=www.timesofisrael.com}}</ref>
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