Joonko founder Ilit Raz pleads guilty to securities fraud in New York

United States Attorney for the Southern District of New York Jamie McDonald and FBI Assistant Director in Charge of the New York Field Office James C. Barnacle, Jr. announced that Ilit Raz, founder and former Chief Executive Officer of Joonko Diversity, Inc., pleaded guilty to securities fraud.

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According to the announcement, Raz's guilty plea relates to a scheme to defraud investors and mislead them about core aspects of the company she founded. The source says the false information involved Joonko's customers and revenue.

Prosecutors said Raz misrepresented the identity and quantity of Joonko's customers and also misled investors about Joonko's revenue. The source does not provide additional details on the scope of the fraud, any sentencing outcome, or other defendants.

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