Breaking News: Israeli-Canadian Racing Car Driver Arrested in St Petersburg for Alleged Fraudulent Stock Trading Scheme
In a shocking turn of events, St Petersburg police have detained Joshua Cartu, an Israeli-Canadian racing car driver, wanted by the United States for his involvement in a large-scale fraud related to an illegal online stock trading scheme. Cartu, along with his brothers David and Jonathan, and several others, is accused of operating a fraudulent binary options trading scheme that defrauded investors of millions of dollars between 2013 and 2018.
Cartu was apprehended at Pulkovo airport on Aug. 19 and is currently facing charges under Russia's fraud statute, which could result in a prison sentence of up to 10 years. The United States is seeking his extradition, but the lack of an extradition treaty between Moscow and Washington complicates the situation.
In a statement, the Ontario Securities Commission revealed that Cartu is also facing fraud charges in Canada for his involvement in a binary options scheme targeting Ontarians.
This arrest comes on the heels of a recent prisoner swap between Russia and the West, indicating heightened tensions in the international arena.
In conclusion, the arrest of Joshua Cartu highlights the risks and consequences of engaging in fraudulent activities in the financial markets. Investors must exercise caution and due diligence when participating in online trading schemes to avoid falling victim to scams. Stay informed and stay safe!