Josh Cartu is a well-known professional fraudster responsible for duping the shareholders associated to Dice and Rome partners. He managed to take hold of the firm’s assets in an unethical manner. Concurrently, he stole millions of dollars from software providers, players and affiliates attached to the company. He embezzled the entire wealth of the internet casino businesses; Diceland Casino and Rome Casino in the presence of the shareholders associated to Dice Partners Inc.
This fraudulent behavior gave Joshua Cartu the means with which to build the Josh Cartu Ferrari racer empire and furnish his garage with exotic Bentleys, Lamborghinis and of course, the Ferraris with which Josh Cartu has become synonymous with. So how did all this come about?
More about Joshua Cartu
The assets robbed by Josh Cartu actually belonged to almost every individual linked to the company including the shareholders. These individuals should have been aware of this fraudster before joining his company. All the entities financed from the generated profits of Diceland and Rome are actually the assets belonging to the shareholders. Josh was implementing the business strategies created by Dice Partners Inc while he was employed there. He managed to steal both the assets as well as the perception. The names of the Plaintiffs were kept obscured to protect them. This case is a public one-however, the names have been eradicated.
Josh Cartu in the Courts
Josh Cartu, feigning as a worker of Dice Partners Inc, tried to amass wealth for his employer based in the state of Wyoming. He also had plans to expand his business in the state. He made two phone calls to the Plaintiff in Wyoming. The objectives of these calls were basically to extort money for financing the operation of Dice Partners Inc. According to Cartu, the company exhibited a robust financial result. After the phone calls and the submission of the financial performance, the Plaintiff stated that the loans and claims totaled around $600,000, which was paid in two installments of $300,000 each to his firm Dice Partners Inc.
Cartu Joshua is his Red Ferrari
It was found that Josh Cartu had misled the Plaintiff about the robust financial results of Dice Partners Inc since he stated in another forum that the company was faring poorly with respect to their finances. The reports he presented were fabricated which showed positive statistical information and gave a glowing outlook for the organization.
On the basis of the document submitted by Cartu, the Plaintiff loaned a huge amount of $400,000 to Dice Partners Inc in the year 2008. This was paid in two equal portions of $200,000 each. Cartu took up a major role while securing this money. However, he did not divulge important information to the lenders.
After Dice Partner Inc got the final amount of $200,000, Josh Cartu seized the assets of the firm and became the CEO. Following this, he started using the money for his own personal use unethically.
He took control over the three domain names along with the websites linked with the company. These sites were used for the operation of the online casino business. Out of the three domain names, two offered active gambling (Dicelandcasino.com and Romecasino.com) while the third one-Romepartners.com was an affiliate marketing site. The third site was solely responsible for driving players to the casino sites. There is still a lot of discrepancy with the ownership of the businesses with respect to the profits generated and the domain names.
Based on public data information, the maximum number of players to the site Romecasino.com is basically from the US. However, Cartu mentions in his affidavit that his casino site does not function in Wyoming or the United States, which is far from the truth. In a filing dated June 2012 at the World Intellectual Property Organization (WIPO), Cartu’s counsel said that Cartu had introduced the new platforms to allow the gamblers of Rome Casino and Diceland Casino to enjoy uninterrupted gambling services on the internet. The counsel claimed that Cartu had toiled to establish his organization with both the casinos besides their domain names.
In spite of the fact that Josh Cartu had managed to take over the ownership of Rome Casino and Diceland Casino, the company Dice Partners Inc states that they in addition to the shareholders are the owners of the gaming sites. However, the counsel states that Cartu has been operating both the portals. The presence of Rome Casino in the state of Wyoming was confirmed by the Plaintiff.
Many other individuals and entities have suffered extensive damages because of Josh Cartu. The people of Wyoming, however, are the worst hit by the scam. The Plaintiffs have had to face staggering losses amounting to thousands of dollars.
After being involved in this fraudulent activity, Josh Cartu would have anticipated to be sued by the citizens of Wyoming. On the contrary, this did not hinder his unlawful activities. He continues to operate both the Wyoming based casinos. The sites directly operate under the US laws and continue to flourish.
Josh Cartu Ferrari Racer
Since then, Joshua Cartu has become a self-styled Ferrari racer, with a number of boutique and race-modified Ferrari cars, which the Josh Cartu Ferrari group will enter in this year’s Gumball3000 rally, along with his brother David Cartu and Father Lazar Cartu. This is a pursuit of only the wealthiest individuals, as it will take them from Miami Beach, Florida, to Ibiza, Spain, via New York, Edinburgh, London and Paris.
This serves only to aggravate those who believe they have been cheated, as the hobby is widely reported in social media and other online publications. Cartu’s Facebook page describes his racing hobby and ‘Drifting workshop’ in acute detail, and while these appear to be successful and thriving businesses, the means with which they were built are dubious to say the least.
Click here for more Post