Category: Binary Options

EFRI invstors protection servicesB
Categories
November 1, 2022

Breaking: Irish Court Holds Cartu Brothers And Directors Liable For Binary Options Fraud!

The US citizen Bill Powers, a 71-year-old retiree, invested in Glenridge Capital and lost $124.000. He is one of 35 investors who have sued in Ireland, claiming $4.6m in losses. Glenridge Capital is one of the many binary options schemes operated via the Irish GreyMountain Management Ltd (GMM), controlled by David Cartu and his brother Jonathan Cartu. The court found that GMM's shadow directors and directors are liable for the fraud actions and client losses.
Read More
The Payvision story in a videoT
Categories
September 24, 2022

The Payvision Case Continues With Lawsuits!

ING subsidiary Payvision was one of the largest payment processors of fraudulent binary options providers between 2014 and 2019. Founded by Rudolf Booker shortly after the turn of the millennium, Payvision processed victims' deposits for the major scam networks of Gal Barak and Uwe Lenhoff. According to the aggrieved victims, Payvision laundered money for their scam clients with full knowledge of their criminal nature. Therefore, some scam victims now want to file lawsuits against Payvision. Here is the Payvision Case video.
Read More
The Israeli Snitching Game around Gery ShalonB
Categories
August 14, 2022

Breaking: Veltyco Cybercrime Scheme Manager Sentenced To 12-Year Prison Term!

The first trial in the so-called Veltyo Cybercrime Scheme was held in Saarbruecken, Germany. The defendants were two Kosovans, Betim Tasholli, Azem Spahiu, and the Syrian Mohamad Shaker. Tasholli was the boiler room manager in Pristina, Shaker was responsible for the boiler room in Prague, and Spahiu was responsible for coordinating affiliate marketing around the scam brands Option888, ZoomTrader, TradoVest, or XMarkets. The Court sentenced Azem Spahiu to a 12-year prison term. Tasholli and Shaker are allegedly on the run.
Read More
Israeli payment processor BrucBond and its binary options legacyC
Categories
August 8, 2022

Cold Case Review: Disgraced Israeli Payment Processor Bruc Bond And Its Binary Options Legacy!

It is a cold case now but still not resolved! Between 2018 and 2020, FinTelegram exposed that a group of Israeli payment processors controlled by Eyal Nachum and his partner Tamir Zoltovsky facilitated binary options and broker scams big style. They worked with entities in Montenegro or the Marshall Islands and with the regulated e-Money Institutions Bruc Bond (previously Moneta International) and International FinTech. In April 2020, the Bank of Lithuania revoked Bruc Bond's EMI license; consequently, the group vanished from Europe, but their scam-facilitating activities remain to be investigated.
Read More
OSC orders Cartu Brothers to pay millions in fines and disgorgementB
Categories
July 28, 2022

Breaking News – OSC Orders Cartu Brothers To Pay Millions In Fines And Disgorgement!

The dual Canadian-Israeli Cartu Brothers - David Cartu, Joshua Cartu, and Jonathan Cartu - have been notorious for their fraudulent binary options schemes around the Irish GreyMountain Management Ltd (GMM) and other entities across different jurisdictions. In Sept 2020, the U.S. CFTC filed a fraud complaint; the Canadian OSC has accused them of illegal and fraudulent brokerage. In May 2021, OSC settled with David Cartu, who agreed to a seven-year ban and a CAD 300,000 penalty. Now, Ontario's Capital Markets Tribunal ordered Jonathan Cartu and Joshua Cartu to pay CAD 3.3 million.
Read More
CFTC imposes $29 Million restitution payments in binary options fraudU
Categories
July 18, 2022

US CFTC Imposes Over $29 Million In Restitution For Binary Options Fraud!

The U.S. Commodity Futures Trading Commission (CFTC) announced that the U.S. District Court for the Eastern District of California entered an order granting the CFTC’s motion for entry of default judgment against California-based John D. Black and other participants in his binary options scheme. Between 2015 and 2020 the scheme operated fraudulent binary options and forex commodity pools, misappropriated millions of dollars of those funds for personal use, and made Ponzi payments to existing pool participants with new pool participants’ funds.
Read More
US trial against Serbian boiler room operators and binary options fraudstersI
Categories
July 18, 2022

Indicted Binary Options Perpetrator Extradited To U.S.

David Butler, a United States citizen, was arraigned on Friday on an indictment charging him with binary options fraud. Butler was arrested in April 2022 in Costa Rica and extradited to the United States on July 14, 2022. Between 2011 and 2016, Butler and his co-conspirators operated several binary options brands, including SpotFN, Binary FN, and Janus Options from Glen Cove, New York, Costa Rica, and Kosovo. The scheme allegedly stole more than $5 million from binary options investors. 
Read More
CFTC complaint against David Cart and Joshua Cartu and Jonathan CartuC
Categories
July 11, 2022

Cartu Brothers With Legal Troubles in Israel!

Whistleblowers have confirmed to us several times that law enforcement is looking for the Cartu Brothers. Recently, David Cartu and Jonathan Cartu were reportedly arrested in the United Arabe Emirates (UAE) on the basis of a Red Notice. Interpol issued Red Notices for fugitives wanted either for prosecution or to serve a sentence. A Red Notice is a request to law enforcement worldwide to locate and provisionally arrest a person pending extradition, surrender, or similar legal action.
Read More
Law enforcement actions against cybercrime organizations in Israel Cyprus and UkraineB
Categories
July 2, 2022

Breaking News! Israeli-Canadian Cartu Brothers Allegedly Arrested In UAE!

We recently reported on a new lawsuit filed by victims against the missing binary options scheme centered around the notorious Cartu Brothers and GreyMountain Management (GMM) in Ireland. The multi-million dollar lawsuit was brought against David Cartu and Jonathan Cartu, as well as GMM directors Ryan Coates and Liam Grainger. The U.S. CFTC also has a fraud lawsuit pending. Reportedly, David Cartu and Jonathan Cartu (but not Joshua Cartu) were arrested in UAB on a Red Interpol warrant. A whistleblower has just told us this. We would like to know more.
Read More
EFRI invstors protection servicesT
Categories
June 29, 2022

The Cartu Brothers And Their Directors Sued In Ireland Over Alleged Binary Options Fraud!

The Canadian-Israeli brothers David Cartu and Jonathan Cartu, together with Joshua Cartu, are at the very center of a gigantic binary options fraud scheme around the Irish GreyMountain Management Ltd. The Irish Times reports that the Florida-based investor William Thomas Powers and more than 30 other investors sue David Cartu, Jonathan Cartu, and the former Irish directors Ryan Coates and Liam Grainger over more than $4 million in losses. GreyMountain Management Ltd was wound up. The court case started on 28 June 2022 before Justice Michael Twomey.
Read More
Maltese branch of OneTwoTrade in liquidationV
Categories
June 12, 2022

Victims Alarm! Israeli-Maltese Binary Options Scam Broker OneTwoTrade In Liquidation!

The Maltese company Up & Down Marketing Limited d/b/a OneTwoTrade is accused of scamming hundreds of victims, millions of euros with its binary options fraud scheme has gone into liquidation. The company was voluntarily put into liquidation by its directors. One of its former directors Ivan Grixti (LinkedIn) is a former Malta Labour Party MEP candidate and a lecturer at the Department of Accountancy at the University of Malta. Regulators across the globe warned against the OneTwoTrade scam.
Read More
Marko Vujosevic attacked by former partnersI
Categories
June 9, 2022

Interesting! Notorious Belgrade Law Firm Vujosevic & Partners Temporarily Closed!

Montenegrin-born lawyer Marko Vujosevic had a thriving law practice in Belgrade until 2020. His law firm participated in the fraudulent binary options industry and procured dozens if not hundreds of work permits for Israeli citizens. With the cybercrime masterminds, Uwe Lenhoff and Gal Barak co-founded the illegal payment processor Global Payments Solutions DOO (GPS) in Podgorica that laundered millions for binary options like Option888 or TradoVest. After a lost defamation claim, Vujosevic's law firm seems to have vanished. Google says it is temporarily closed.
Read More