Red Mountain Management and the Search for Accomplices in Boiler Room Operations

Source: Facebook page of Red Mountain Management, August 2005

Expanding the GreyMountain Exposure

Several weeks ago, the Scam-Or Project initiated a detailed investigation into the fraudulent binary options schemes surrounding GreyMountain Management (GMM). Since the release of the initial reports, numerous whistleblowers have stepped forward with insider evidence, revealing the vast extent of the operation.

The Israeli Trio Behind GMM

At the core of the GreyMountain scandal are three Israeli nationals: David Cartu, Jonathan Cartu, and Uri Katz. These individuals are believed to have orchestrated a wide-reaching binary options scam under the GMM brand, targeting unsuspecting investors worldwide.

Uncovering the Network: Red Mountain Management

In an upcoming installment of the GreyMountain series, we will examine in depth the link between Red Mountain Management and the Cartu trio’s network. Notably, the investigation will highlight how this company and others in its orbit are tied to payment processors and financial service providers including Eyal Nachum, Tamir Zoltovski, and Oded Jeremitsky.

These individuals operated through entities such as Payobin and Moneta International UAB, which were reportedly used to facilitate transactions related to the scam.

What’s Next

The next part of the Scam-Or Project’s series on GreyMountain Management will map out the infrastructure behind these operations and provide documented connections between the boiler room management firms and the financial ecosystem that enabled them.