1. Whistleblower Program Overview
|
Element |
Details |
|
Establishment |
2010 |
|
Legal basis |
Commodity Exchange Act (CEA) |
|
Function |
Provides rewards for information leading to successful enforcement |
|
Deadlines |
90 days from the date of a Notice of Covered Action (NCA) |
|
Results to date |
Over $3 billion recovered, more than $365 million paid to whistleblowers |
2. Recent NCA Publication
|
Date |
Entity involved |
Jurisdiction |
Penalty imposed |
Reason |
|
19 March |
Blue Moon Investments |
Seychelles |
> $50 million |
Offering off-exchange binary options in the U.S. |
Comment: The NCA allows whistleblowers to file claims for monetary awards.
3. Respondents Named in 2020 Complaint
|
Individuals/Companies |
Role in the case |
|
David, Joshua, Jonathan Cartu (Cartu brothers) |
Owners/operators |
|
GreyMountain Management (GMM) |
Corporate vehicle for operations |
|
All Out Marketing Limited |
Related entity |
|
Blue Moon Investments, Ltd. |
Associated company |
|
Orlando Union Inc. |
Associated company |
|
Leeav Peretz, Nati Peretz |
Call center management, targeting U.S. residents |
Comment: Trading brands used included BeeOptions, Glenridge Capital, Rumelia Capital. Advertised profits of 60–85% were later found misleading.
(Source: CFTC Press Release 8231-20)
4. Court Judgment – Western District of Texas
|
Date |
Defendants |
Restitution ordered |
Civil penalty |
Additional measures |
|
14 March |
Jonathan Cartu, Leeav Peretz, Nati Peretz, Blue Moon Investments Inc. |
$51,155,645 (joint) |
$153,466,935 (total) |
Prohibited from further CEA violations |
Comment: The ruling concluded the case originally filed in 2020.
(Source: CFTC Press Release 8877-24)
5. Wirecard Ireland Connection
|
Aspect |
Information |
|
Entity involved |
Wirecard Ireland |
|
Function in scheme |
Processing of funds from binary options activities |
|
Speculation |
Business links with Cartu network noted |
|
Corporate collapse |
Wirecard filed insolvency in June 2020 (€1.9 billion missing) |
|
Ongoing proceedings |
Trials in Munich and Singapore |
6. General Assessment
-
The case illustrates how binary options providers operated through cross-border structures.
-
Enforcement measures included financial restitution, civil penalties, and prohibitions.
-
Whistleblower mechanisms remain an important tool for regulators in identifying violations.
Scam-Or Project continues to provide updates on enforcement actions and invites relevant information from insiders or affected parties.