CFTC action against binary options scam Y Trading faces delay

The action brought by the United States Commodity Futures Trading Commission (CFTC) against fraudulent binary options scheme Y Trading LLC and its sole owner and operator Yehuda Belsky, also known as Jay Bell, is set for further delay. This is indicated by a set of documents filed on August 10, 2021, at the New York Eastern District Court.

A letter, seen by FX News Group, informs the Court of serious issues impacting Mr Belsky’s health, which raise doubts to his legal capacity to defend the lawsuit. Counsel for the defendants says that “while Mr. Belsky was healthy and competent in 2018, at the time this suit was commenced and undersigned counsel filed notices of appearance, that situation has drastically changed”.

The counsel pushes for a stay of 90 days in order to evaluate the longterm prognosis of Mr. Belsky and the extent of his diminished capacity to communicate with counsel and defend this lawsuit. It is possible that Mr. Belsky’s medical condition may improve sufficiently in the coming months to avoid the more drastic protective actions of seeking a conservatorship or guardian for Mr Belsky to proceed.

The CFTC’s Complaint alleges that from at least June 22, 2015, through the present, Belsky, individually and on behalf of Y Trading, fraudulently solicited customers by making materially false statements, including that he was an expert binary options trader with a record of profitable binary options trading on behalf of multiple customers.

At the same time, Belsky allegedly failed to disclose that he was misappropriating customer funds, had no binary options trading account in the name of Y Trading or in his own name from which to trade and had been the subject of a 2008 CFTC Order. Belsky, as alleged, also deceived some customers by providing a false binary options trading account statement and by using the fictitious name of “Jay Bell” to conceal his identity.

According to the Complaint, Belsky solicited at least $1,258,000 from at least 14 customers to purportedly trade binary options on their behalf.

Posted on

248 Replies to “CFTC action against binary options scam Y Trading faces delay”

  12. Get warning information here. Commonly Used Drugs Charts.
    ivermectin gel
    Actual trends of drug. Everything information about medication.

  14. All trends of medicament. drug information and news for professionals and consumers.
    ivermectin gel
    Get information now. п»їMedicament prescribing information.

  20. Definitive journal of drugs and therapeutics. Actual trends of drug.
    ivermectin 18mg
    Commonly Used Drugs Charts. What side effects can this medication cause?

  23. drug information and news for professionals and consumers. Generic Name.
    ivermectin cream cost
    Everything information about medication. Learn about the side effects, dosages, and interactions.

  24. п»їMedicament prescribing information. Get warning information here.
    ivermectin 3mg
    Learn about the side effects, dosages, and interactions. Some trends of drugs.

  28. Drugs information sheet. Comprehensive side effect and adverse reaction information.
    https://stromectolst.com/# stromectol medication
    Medscape Drugs & Diseases. Prescription Drug Information, Interactions & Side.

  29. Read here. Comprehensive side effect and adverse reaction information.
    https://nexium.top/# where can i get cheap nexium without rx
    Definitive journal of drugs and therapeutics. п»їMedicament prescribing information.

  33. Prescription Drug Information, Interactions & Side. Get here.
    https://mobic.store/# where buy generic mobic without insurance
    Prescription Drug Information, Interactions & Side. Comprehensive side effect and adverse reaction information.

  34. Everything information about medication. Everything what you want to know about pills.
    https://levaquin.science/# order levaquin without insurance
    Read information now. Actual trends of drug.

  37. Prescription Drug Information, Interactions & Side. Generic Name. order generic avodart
    Everything information about medication. Definitive journal of drugs and therapeutics.

  43. drug information and news for professionals and consumers. Drug information.
    https://finasteridest.com/ can i purchase cheap propecia pills
    Drugs information sheet. Commonly Used Drugs Charts.

  46. Everything what you want to know about pills. Best and news about drug.
    where can i get propecia
    What side effects can this medication cause? Learn about the side effects, dosages, and interactions.

  59. Prescription Drug Information, Interactions & Side. Commonly Used Drugs Charts.
    https://edonlinefast.com best treatment for ed
    Everything information about medication. drug information and news for professionals and consumers.

  60. Learn about the side effects, dosages, and interactions. Read now.
    natural remedies for ed
    Get information now. Comprehensive side effect and adverse reaction information.

  62. Read here. What side effects can this medication cause?
    ed pills otc
    Prescription Drug Information, Interactions & Side. Read information now.

  66. Definitive journal of drugs and therapeutics. Get warning information here.
    ed pills cheap
    Generic Name. Top 100 Searched Drugs.

  67. Some are medicines that help people when doctors prescribe. safe and effective drugs are available.
    natural remedies for ed
    Top 100 Searched Drugs. Everything about medicine.

  68. All trends of medicament. Comprehensive side effect and adverse reaction information.
    canadian drug
    Some trends of drugs. Actual trends of drug.

  69. Everything what you want to know about pills. Drugs information sheet.
    https://canadianfast.online/# how to get prescription drugs without doctor
    Prescription Drug Information, Interactions & Side. Read here.

  74. Everything information about medication. Drug information.
    https://canadianfast.com/# ed meds online without doctor prescription
    Commonly Used Drugs Charts. safe and effective drugs are available.

  80. Read information now. drug information and news for professionals and consumers.
    https://canadianfast.com/# sildenafil without a doctor’s prescription
    Everything information about medication. Drug information.

  86. Everything information about medication. Prescription Drug Information, Interactions & Side.
    https://viagrapillsild.com/# where to buy sildenafil in canada
    Read information now. Everything about medicine.

  88. earch our drug database. Top 100 Searched Drugs.
    canada generic sildenafil
    Some are medicines that help people when doctors prescribe. Some are medicines that help people when doctors prescribe.

  97. safe and effective drugs are available. Prescription Drug Information, Interactions & Side.
    https://tadalafil1st.com/# generic tadalafil without prescription
    Get warning information here. What side effects can this medication cause?

  99. Get information now. drug information and news for professionals and consumers.
    https://tadalafil1st.com/# buy tadalafil europe
    Medscape Drugs & Diseases. What side effects can this medication cause?

  103. Definitive journal of drugs and therapeutics. Commonly Used Drugs Charts.
    order amoxicillin online
    Comprehensive side effect and adverse reaction information. safe and effective drugs are available.

  153. https://overthecounter.pro/# over the counter estrogen
    over the counter pink eye medicine [url=https://overthecounter.pro/#]over the counter erection pills[/url] strongest over the counter painkiller

  155. http://overthecounter.pro/# strongest antifungal over the counter
    over the counter pain medication [url=http://overthecounter.pro/#]over the counter medication[/url] naproxen 500mg over the counter

  159. best pill for ed [url=http://edpills.pro/#]ed pills for sale[/url] best over the counter ed pills

  161. north canadian pharmacy [url=http://pillswithoutprescription.pro/#]certified canadian international pharmacy[/url] mexican pharmacies shipping to usa

  164. the best ed pill [url=https://edpills.pro/#]ed pills for sale[/url] treatment for ed

  247. In our publication, we bring you the most recent updates and entertaining news about the most popular UK stars from the worlds of the press, reality TV, and celebrity culture. Whether you’re a fan of hit reality shows like Love Island, The Only Way Is Essex, or Made in Chelsea, or you’re keen to stay updated on the lives of the UK’s top social media stars, our publication covers it all. From spicy behind-the-scenes drama to exclusive discussions, we make sure you’re informed with everything happening in the world of your preferred public figures – https://anggur.uk/pages/discover-top-5-things-to-do-in-the-uk.html .

    UK reality TV personalities have gained huge attention over the years, evolving from everyday characters into household names with massive supporters. Our platform investigates their personal and professional lives, offering glimpses into their latest endeavors, friendships, and controversies. Whether it’s a new love story brewing on Love Island or a cast member from Geordie Shore unveiling a new business, you’ll find detailed stories that display the glamorous yet sometimes chaotic lives of these stars.

Leave a Reply

Your email address will not be published. Required fields are marked *