Joshua Cartu | FinTelegram News

Tag: Joshua Cartu

January 27, 2021

OSC vs. Cartu Brothers – The latest court order in the binary options fraud case

FinTelegram brought an update yesterday on the Cartu Brothers' case and their problems with regulators U.S. CFTC and the Canadian OSC. Both regulators accuse Canadian-born Israelis David Cartu, Jonathan Cartu, and Joshua Cartu of binary options fraud. On January 26, 2021, after a hearing, the OSC issued a new order with new dates for February 26 and March 25, 2021. At the hearing, only David Cartu was represented by but not his brothers Jonathan and Joshua.

January 26, 2021

Follow the Money – Cartu Brothers, Wirecard and GlobalNetInt

GlobalNetInt has for sure no issue with the online gambling business. Gambling is by far their most important client segment. And then there are the Cartu Brothers. Law enforcement agencies and financial market regulators have been after them for years now. The U.S. CFTC and the Canadian OSC have sued David Cartu, Joshua Cartu and Jonathan Cartu for alleged binary options fraud. They ask for money! The CFTC claims damages of $165M in the process. We learned that the Cartu Brothers companies have their accounts at the Lithuanian GlobalNetInt.

January 25, 2021

R4I – Cartu Brothers, the GMM binary options fraud, AEGIS Labs, and Kav Sheroot Tech

The Cartu Brothers - David, Jonathan, and Joshua - are very sought after people. They are currently being sued by the U.S. CFTC and Canada's OSC for alleged binary options fraud. The CFTC claims that at least $165M has been stolen from retail investors. The CFTC did not even include all of the Cartu Brothers‘ brands in the complaint. Therefore, it is likely that a multiple of this amount was processed through their GreyMountain Management scheme and other entities. We would like to learn more about AEGIS Labs, Sandbox Media, and Kav Sheroot Tech.

October 26, 2020

What happened to AlgoPay, AlgoCharge, and the Seroph Group?

FinTelegram research has been uncovered that the Good Option and Royal Broker binary options scams were operated by the Anguilla-registered G.O. Limited between 2014 and 2015. These and other scams have been facilitated by the Cyprus-based Payment Processor AlgoCharge of the Israeli Sarel Tal who acts as the director of AlgoPay Limited registered in Cyprus. Today all companies and websites have disappeared or are about to.

October 4, 2020

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?

September 7, 2020

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.

September 4, 2020

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.

September 3, 2020

Binary options fraud – Notorious Cartu Brothers charged by U.S. CFTC

It is a court season for the fraudulent binary options industry and its perpatrators. Among the worst scammers were David Cartu and his brothers. After the Canadian regulator OSC had already sued them for binary options fraud, the U.S. Commodity Futures Trading Commission (CFTC) filed a civil enforcement action. The regulator charges six individuals and four companies with operating a fraudulent binary options trading scheme that received over $165 million via their Irish GreyMountain Management Ltd.

July 18, 2020

Binary Options Fraud – UK authorities probe Israeli lawyer Moshe Strugano

Israeli lawyer Moshe Strugano, 50, was a busy man. He was and one of the lawyers for the fraudulent Yukom binary options scheme. It is well known that Israeli scammers have run myriads of binary options scams worldwide, cheating tens of thousands of small investors out of hundreds of millions. They could not have done this without the legal opinions of their lawyers. Strugano was arrested in early 2019 by City of London police and later released on bail.

July 9, 2020

The Wirecard Rat Race – Money-laundering, Marijuana, Russian Nerve Gas, and Secret Services

The Wirecard case literally gets crazier by the minute. Continuously, we are fed with rumors of ever more fantastic or criminal activities in which the German DAX company and its responsible managers are said to be involved are spreading.We have recently heard that a raid was also carried out on Wirecard's offices in Dublin, Ireland. Apparently also due to a money laundering report by the European Funds Recovery Initiative (EFRI).

May 10, 2020

Binary Options Legacy – Canadian Regulator OSC charges David Cartu and his brothers

The Canadian regulator Ontario Securities Commission (OSC) has filed civil charges against the three Canadian-Israeli brothers David Cartu, Jonathan Cartu, and Joshua Cartu for illegally soliciting Canadians to trade binary options, defrauding Ontario residents out of $1.4 million, part of a $233 million global scheme. According to the report, the Cartu brothers immigrated to Israel from Ontario in the last decade.

May 9, 2020

GMM Case – Canadian regulator OSC charges Cartu Brothers of running an illegal $233 million binary options scheme

FinTelegram has reported since 2018 about the huge Binary Options Scam of the three Cartu brothers David Cartu, Jonathan Cartu, and Joshua Cartu. Over the course of the last two years, we have received numerous requests from victims and their lawyers as well as from regulators. In this regard, we have been happy to provide the information available to us and have, among other things, facilitated lawsuits in Israel. Now the Canadian Ontario Securities Commission (OSC) has claimed that their GreyMountain Management binary options schemes received more than 233 million Canadian dollars from clients worldwide.