Wednesday May 27, 2020

Investors sue Irish finance firm over alleged trading scam

Litigants claim they were fleeced for €4 million. Backers accuse it of engaging in ‘all or nothing binary options’ deals with Israeli businessmen

19th August, 2018

A wound-up Irish firm is being sued by a group of international investors who claim they were fleeced of €4 million in an “all or nothing” binary options trading scam.

The Dublin company Greymountain Management and its directors Ryan Coates and Liam Grainger are accused of engaging in a fraud with Israeli businessmen David Cartu and Jonathan Cartu.

It is claimed the Cartu brothers set up websites promoting worldwide binary investments services with...

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