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No verdict in trial of woman accused of duping investors

August 2, 2019

GREENBELT, Md. (AP) — Jury deliberations will resume next week in the trial of an Israeli company executive charged with orchestrating a scheme to defraud tens of thousands of people out of tens of millions of dollars.

A jury has deliberated for approximately 11 hours since Thursday and went home Friday without reaching a verdict. Deliberations are scheduled to resume Monday in Maryland, where 38-year-old Lee Elbaz is being tried on federal wire fraud and conspiracy charges.

Elba is charged in Maryland with conspiring with employees under her supervision to bilk investors across the globe through the sale and marketing of financial instruments known as “binary options.” A Justice Department prosecutor says she trained employees to lie to investors and rigged the odds against them making and recouping any money.

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