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.
International Fintech is a registered company in Lithuania equipped with a license by the Bank of Lithuania to provide payment and electronic money services. The company is associated with the group of payment companies of Eyal Nachum and Tamir Zoltovski.