Legal Trouble Mounts for the Cartu Brothers in Israel and Beyond

Interpol Red Notices and UAE Arrests

According to multiple whistleblower reports received by Scam-Or Project, law enforcement agencies continue to pursue the Cartu Brothers. Recently, David Cartu and Jonathan Cartu were reportedly detained in the United Arab Emirates (UAE) under active Interpol Red Notices. These notices serve as global alerts requesting that local authorities identify and provisionally detain individuals pending extradition or legal action.

Legal Actions in Israel

In addition to international pursuits, the Cartu Brothers are reportedly facing legal challenges in Israel. Former employees have allegedly initiated legal proceedings, accusing the brothers of failing to pay agreed-upon salaries. Israeli attorney Oren Chen is said to be representing the brothers in these labor disputes.

Background: Binary Options and Online Gambling

Originally from Canada, David, Joshua, and Jonathan Cartu later acquired Israeli citizenship. The trio is widely known for their involvement in fraudulent binary options operations, particularly through the Ireland-based GreyMountain Management Ltd (GMM). Their business ventures originated in the online gambling sector, which continues to be associated with Joshua Cartu, who previously resided in Budapest.

International Investigations and Lawsuits

Regulatory bodies, including the U.S. Commodity Futures Trading Commission (CFTC), are reportedly seeking the Cartu Brothers in connection with various fraud allegations. In Dublin, over 30 former investors of GMM have filed lawsuits against David and Jonathan Cartu, as well as ex-GMM directors Ryan Coates and Liam Grainger, for their alleged involvement in binary options scams.

Call for Information

Scam-Or Project continues to investigate the ongoing developments related to the Cartu Brothers. Anyone with further insights or documents is encouraged to come forward via our anonymous whistleblower section.