Four Israeli citizens and the financial firms they owned or operated were sued by U.S. securities regulators for allegedly using bogus swap and option trades to steal about $80 million from investors, including some Americans.
The U.S. Commodity Futures Trading Commission filed a complaint Monday in Chicago federal court against Lee Elbaz, Yakov Cohen, Yossi Herzog and Shalom Peretz, along with companies including Yukom Communications Ltd. and Linkopia Mauritius Ltd.