4th Circuit upholds Md. wire fraud conviction but reduces $28M restitution

A federal appeals court Thursday upheld the conviction of an Israeli woman who led a global scheme that defrauded thousands of investors including at least three in Maryland– out of millions of dollars. Lee Elbaz was validly convicted of wire fraud in 2019 and sentenced to 22 years in prison by the U.S. District Court in Maryland because the scheme, though…