GMM

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?

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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The Marshall Islands – A cybercrime paradise promotes crypto to legal tender

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Crypto becomes legal tender On February 26, 2018, the sovereign Republic of the Marshall Islands (RMI), a tiny Pacific atoll nation with a population of just 55,000, passed the Sovereign Currency Act of 2018 introducing the blockchain-based currency Sovereign (‘SOV’) as its legal tender for all debts, public charges, taxes, and dues. Being legal tender of …

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