The Ontario Securities Commission (OSC) has issued penalties against Jonathan and Joshua Cartu for their role in conducting unregistered binary options trading operations that impacted a…
In March 2023, the U.S. Commodity Futures Trading Commission (CFTC) dismissed fraud charges against David Cartu, a key figure in the GreyMountain Management (GMM) binary options…
Case Background Entity: GreyMountain Management Ltd (GMM) Activity Period: 2014–2017 Nature of Case: Binary options trading scheme Estimated Investor Losses: €150–250 million Court: High Court of…
DPO Pay Expands to Africa According to PayRate42 News, Dublin-based payment processor DPO Pay, founded in 2006 by Eran Feinstein and Offer Gat, has officially secured…
In the first part of our investigation, Scam-Or Project uncovered Wirecard’s close relationship with SpotOption, a key Israeli provider of white-label platforms for binary options. In…
A Transcontinental Scam Network Emerges While U.S. regulators and courts have steadily advanced their pursuit of fraudulent binary options operations, European authorities appear far less proactive.…
Case Admitted to Fast-Track Commercial List In a recent development that brings hope to defrauded investors, the Irish High Court has agreed to fast-track a lawsuit…
Overview of the Yukom Case and Binary Options Fraud On July 16, 2019, a pivotal legal proceeding began in the United States involving the notorious Yukom…
Overview of the Allegations Canadian-Israeli nationals David Cartu and Jonathan Cartu, along with their brother Joshua Cartu, are key figures in an alleged large-scale binary options…
Arrest in the UAE: Israeli-Canadian Cartu Brothers Face International Legal Action Scam-Or Project thanks whistleblowers for their continued support in exposing financial misconduct and cybercrime. Recent…
