Home / Posts tagged 'David Cartu'

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

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

    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

    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

    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.

     
  • The CySEC Scam Tourism – The lasting impact of 4XP legacy of the pre-binary forex era

    The CySEC Scam Tourism – The lasting impact of 4XP legacy of the pre-binary forex era

    Forex and online trading scams have been a pandemics even before binary options entered the state in or around 2009. From this pre-binary options period of forex schemes, we know the names of the Israeli perpetrators Yossi Herzog, Aviv Talmor, Stavro D'Amore, and the then-rookie Guy Galboiz. The 4XP forex scheme was a network of brands such as Forex Place, Forex TG, or FXTG or SkyFX which operated globally with dozens of different entities. It was the pre-CySEC time. In the binary options era, the successors of the 4XP scheme emigrated to Cyprus which became the preferred Israeli offshore destination.

     
  • Wirecard Drama – Another Dubai company vanished into thin air!

    Wirecard Drama – Another Dubai company vanished into thin air!

    The payment service provider Wirecard is not running out of negative headlines. That's for sure. The special audit report submitted by KPMG at the end of April 2020 has greatly increased the pressure on the DAX-listed German FinTech, its CEO Markus Braun, and finally its auditor EY. Since then, the share price has plummeted from more than €138 to €76.36 on May 15, 2020.

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

    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...