David Cartu

An alleged fraudsters lifestyle – Josh Cartu, the Cartu Bros, and the $165 million fraud complaint

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FinTelegram has been reporting on the vast global binary options scam scheme around the GreyMountain Management Ltd (“GMM”) of the Cartu brothers. Joshua “Josh” Cartu has contacted FinTelegram via email several times, purported to have nothing to do with the GMM’s fraud scheme, and pointed to his brothers. The U.S. CFTC sees it differently and have filed a fraud complaint against him and his brothers. The end of a lavish lifestyle and Instagram celebrity?

Breaking News – Notorious International Fintech no longer has a Lithuanian EMI license

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The International FinTech UAB of the Israelis Eyal Nachum and Tamir Zoltovsky has no more license in Lithuania. Thus, within a few months, the two Israeli payment pundits have lost both regulated companies in Lithuania. Already in April 2020, the Bank of Lithuania withdrew the license of Bruc Bond (formerly Moneta International) due to systematic violations of the compliance guidelines and problems with money laundering. At present, it is not clear why International Fintech has also lost its license.

Binary Options Court Season – The Great Manipulation Game

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The Israeli boiler room CEO Lee Elbaz was already convicted of investment fraud by a U.S. jury in August 2019. She must serve 22 years in prison and repay $28 million to investors. In Vienna, the Israeli Gal Barak has been sentenced to four years imprisonment without probation and the confiscated millions will be repaid to his victims. In the U.S. and Canada, regulators are suing the notorious Canadian-Israeli Cartu Brothers for binary options fraud. Accusations of lies and systematic manipulation are the very essence of the charges and complaints.

U.S. Regulator SEC goes for GreyMountain Management-related binary options scheme perpetrators

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The U.S. Securities and Exchange Commission (SEC) announced that three foreign individuals, Gil Beserglik (Israeli and lives in Germany), Raz Beserglik (Israeli also head of the Israeli boiler rooms), and Kai Christian Petersen (German and head of the German boiler rooms), have been charged with deceiving U.S. investors, including vulnerable retirees. According to the SEC …

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