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 developments indicate that David Cartu and Jonathan Cartu, key figures behind the infamous binary options scheme linked to GreyMountain Management Ltd (GMM) in Ireland, have been allegedly arrested in the United Arab Emirates. This information comes from a trusted whistleblower and follows mounting legal pressure against the Cartu Brothers.
Ongoing Legal Proceedings
A new lawsuit has been filed on behalf of victims against:
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David Cartu
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Jonathan Cartu
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GMM directors: Ryan Coates and Liam Grainger
The case centers around the alleged multi-million dollar fraud involving binary options and deceptive financial practices.
In parallel, the U.S. Commodity Futures Trading Commission (CFTC) has an active fraud case pending against David and Jonathan Cartu. Notably, Joshua Cartu is not reported to be involved in the latest arrest.
Reported Attempt to Escape
Sources claim that Jonathan Cartu may have attempted to flee the UAE using falsified travel documents. However, this alleged escape effort appears to have failed. The brothers are said to be resisting extradition through legal channels.
While full confirmation is still pending, current reports suggest that the arrests were carried out on the basis of a Red Notice issued by Interpol, requested by U.S. law enforcement.
U.S. Authorities Take the Lead
The CFTC and other U.S. agencies remain the primary bodies seeking the Cartu Brothers’ extradition. If returned to U.S. jurisdiction, the defendants could face charges related to:
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Operating unauthorized financial schemes
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Defrauding investors
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International money laundering
Help Us Uncover the Truth
If you have any further knowledge or evidence related to David Cartu, Jonathan Cartu, or Joshua Cartu, please submit your information to Scam-Or Project.