Banc De Binary

We are investigating Banc De Binary for allegedly attempting to conceal critical reviews and adverse news from Google by improperly submitting copyright takedown notices. This includes potential violations such as impersonation, fraud, and perjury.

PARTIES INVOLVED : Banc De Binary

ALLEGATIONS : Perjury, Fraud, Impersonation

INCIDENT DATE : 27 Aug 2024

INVESTIGATED BY : Ethan Katz

TOOLS USED : Lumen, SecurityTrails

CASE NO : 4654/A/2025

CRIME TYPE : Intellectual Property Scam

PUBLISHED ON : 08 March 2025

Investigation Report
What are they trying to censor
Evidence and Media
Adverse Media
Comments & user feedback

Due Diligence

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Is This About You?

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What We Are Investigating?

Our firm is launching a comprehensive investigation into Banc De Binary over allegations that it has been suppressing critical reviews and unfavorable Google search results by fraudulently misusing DMCA takedown notices. These actions, if proven, could constitute serious legal violations—including impersonation, fraud, and perjury.

We conducted comprehensive analyses of fraudulent copyright takedown requests, meritless legal complaints, and other unlawful efforts to suppress public access to critical information. Our reporting sheds light on the prevalence and modus operandi of a structured censorship network, often funded and used by criminal enterprises, oligarchs and criminal entities seeking to manipulate public perception and bypass AML checks conducted by financial organisations.

The fake DMCA notices in this investigation appears to have been strategically deployed to remove negative content from Google search results illegally. Based on this pattern, we have reasonable grounds to infer that Banc De Binary - or an entity acting at its behest - is directly or indirectly complicit in this cyber crime.

In most such cases, such ops are executed by rogue, fly-by-night 'Online Reputation Management' agencies acting on behalf of their clients. If evidence establishes that the subject knowingly benefited from or facilitated this scam, it may be deemed an 'accomplice' or an 'accessory' to the crime.

What are they trying to censor

Banc De Binary, a now-defunct binary options trading platform, has been embroiled in numerous controversies, allegations, and adverse news stories throughout its operational history. These issues have significantly tarnished its reputation, raising questions about its business practices, regulatory compliance, and ethical standards. Below is a summary of the major allegations and red flags, along with an analysis of why the company might seek to suppress such damaging information, even resorting to unethical or illegal means.

Major Allegations and Red Flags

Regulatory Violations and Bans:
Banc De Binary faced scrutiny from multiple regulatory bodies worldwide. In 2016, the U.S. Securities and Exchange Commission (SEC) charged the company with illegally selling binary options to U.S. investors without proper registration. The company agreed to pay a $11 million settlement. Similarly, the UK’s Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC) issued warnings against the firm for operating without authorization. These regulatory actions painted Banc De Binary as a rogue operator, undermining its credibility.
Misleading Marketing Practices:
The company was accused of using aggressive and deceptive marketing tactics to lure unsuspecting investors. Reports suggest that Banc De Binary misrepresented potential profits, downplayed risks, and targeted inexperienced traders. Such practices not only harmed investors but also contributed to the broader perception of binary options as a predatory industry.
Customer Complaints and Fraud Allegations:
Numerous customers alleged that Banc De Binary engaged in fraudulent practices, including manipulating trading platforms to ensure losses, refusing withdrawals, and pressuring clients into depositing more funds. These complaints, often documented on financial forums and watchdog sites, damaged the company’s reputation and fueled distrust among potential investors.
Involvement in the Binary Options Scam Industry:
Banc De Binary was often cited as a key player in the binary options scam ecosystem, which has been likened to a “global fraud factory.” Investigations by media outlets and regulatory bodies revealed that the company operated in a gray area, exploiting regulatory loopholes and targeting vulnerable individuals.
Cyprus Ties and Offshore Operations:
The company’s ties to Cyprus, a jurisdiction known for lax financial regulations, raised red flags. Critics argued that Banc De Binary used its Cyprus-based entity to evade stricter oversight in other countries, further eroding trust in its operations.

Reputation Harm and Motives for Suppression

The above allegations and adverse news stories have severely harmed Banc De Binary’s reputation. Regulatory violations and fraud accusations portray the company as untrustworthy and unethical, deterring potential clients and partners. Misleading marketing practices and customer complaints further cement its image as a predatory entity, while its association with the binary options scam industry tarnishes its legacy.

Given the gravity of these allegations, Banc De Binary would have a strong motive to suppress such information. Negative publicity can lead to lost revenue, legal repercussions, and long-term brand damage. In extreme cases, companies may resort to unethical or illegal measures, such as cyber crimes, to remove or discredit damaging content. For Banc De Binary, this could involve hacking websites, orchestrating smear campaigns against whistleblowers, or paying for the removal of negative reviews and articles.

Conclusion
Banc De Binary’s history is riddled with allegations of regulatory violations, fraud, and unethical practices, all of which have significantly harmed its reputation. The company’s desire to suppress such information, even through illicit means, underscores the high stakes involved in maintaining public trust in the financial sector. However, such actions only deepen the ethical and legal quagmire, highlighting the need for greater transparency and accountability in the industry.

https://lumendatabase.org/notices/44139510
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https://lumendatabase.org/notices/43629389
https://lumendatabase.org/notices/43629307
https://lumendatabase.org/notices/43629238
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https://lumendatabase.org/notices/43567532
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https://lumendatabase.org/notices/43520593
https://lumendatabase.org/notices/43198816
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https://lumendatabase.org/notices/30571084
https://lumendatabase.org/notices/30214850
https://lumendatabase.org/notices/30045179
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https://lumendatabase.org/notices/30007993
https://lumendatabase.org/notices/30399715
https://lumendatabase.org/notices/29935920
https://lumendatabase.org/notices/44368121
https://lumendatabase.org/notices/43681893
https://lumendatabase.org/notices/43534210
https://lumendatabase.org/notices/43533538
https://lumendatabase.org/notices/43298897
https://lumendatabase.org/notices/43145402
https://lumendatabase.org/notices/43139619
https://lumendatabase.org/notices/43139508
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https://lumendatabase.org/notices/43474440
https://lumendatabase.org/notices/43427250
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https://lumendatabase.org/notices/43106206
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https://jewishnewsherald.com/2024/01/27/bank-pays-11-million-for-illegal-options-sales/
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https://timesofcolumbus.com/2014/09/06/sec-exch-commn-v-banc-de-binary/
https://timesofcolumbus.com/2018/09/06/exclusive-giambrone-exploring-lawsuit-against-banc-de-binary
https://italynewsboard.com/2017/08/08/%D7%94%D7%9E%D7%9C%D7%97%D7%9E%D7%94%D7%91%D7%90%D7%95%D7%A4%D7%A6%D7%99%D7%95%D7%AA%D7%94%D7%91%D7%99%D7%A0%D7%90%D7%A8%D7%99%D7%95%D7%AA-banc-de-b%D7%A1%D7%95%D7%92%D7%A8%D7%AA-%D7%90%D7%AA/
Major Israeli binary firm, Banc de Binary, lays off employees, said to be shutting down
Exclusive: Giambrone Exploring Lawsuit against Banc de Binary
Sec. & Exch. Comm’n v. Banc De Binary
https://georgianewsboard.com/wp-content/uploads/2024/08/enforderbancdebinary022916-2.pdf
Release Number 7336-16
SEC Returns Investor Funds From Unregistered Broker
https://moscownationalherald.com/2016/02/02/bank-pays-11-million-for-illegal-options-sales/
Major Israeli binary firm, Banc de Binary, lays off employees, said to be shutting down
Release Number 7336-16
“Wanna go large, sir?” Burger-flipping SEC impostors pretend to help Banc de Binary fraud victims
Release Number 7336-16
https://calinewsers.com/2016/02/25/bank-pays-11-million-for-illegal-options-sales/
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https://www.businessdailyafrica.com/bd/corporate/shipping-logistics/car-importers-win-as-kra-switches-to-new-tax-system-4715294
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https://abudhabinews.org/2014/07/10/wikipedia-vs-banc-de-binary-a-3-year-battle-against-binary-options-fake-news/
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https://cambdrigenewsc.com/2016/03/04/banc-de-binary-ltd-et-al/
https://botswanaherald.com/?p=262
https://www.cftc.gov/PressRoom/PressReleases/7336-16
https://www.deccanlive.in/2017/01/the-unethical-sellers-of-dreams.html
https://krispellotimes.com/2016/03/09/release-number-7336-16/
https://iraqherald.org/2016/02/20/sec-returns-investor-funds-from-unregistered-broker/
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http://timesofisrael.com/major-israeli-binary-firm-banc-de-binary-lays-off-employees-said-to-be-shutting-down
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https://www.sec.gov/enforcement-litigation/litigation-releases/lr-23481
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https://cftc.gov/PressRoom/PressReleases/7336-16/
The Rise and Fall of a Giant – Banc De Binary Timeline

Evidence Box

Evidence and relevant screenshots related to our investigation

Targeted Content and Red Flags

FBI

Seeking Victims in Banc de Binary Investor Fraud Scheme

Red Flag

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Giambronelaw

Giambrone announces legal action against Banc de Binary and its affiliates

Red Flag

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Trustpilot

Review

Red Flag

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About the Author

The author is affiliated with TU Dresden and analyzes public databases such as Lumen Database and Maltego to identify and expose online censorship. In his personal capacity, he and his team have been actively investigating and reporting on organized crime related to fraudulent copyright takedown schemes.

Additionally, his team provides advisory services to major law firms and is frequently consulted on matters pertaining to intellectual property law.

Ongoing

Investigation Status

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Learn All About Fake Copyright Takedown Scam

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How This Was Done

The fake DMCA notices we found always use the 'back-dated article' technique. With this technique, the wrongful notice sender (or copier) creates a copy of a 'true original' article and back-dates it, creating a 'fake original' article (a copy of the true original) that, at first glance, appears to have been published before the true original

The Reputation Laundering

Did Banc De Binary Commit a Cyber Crime?

What Happens Next?

Based on the feedback, information, and requests received from all relevant parties, our team will formally notify the affected party of the alleged infringement. Following a thorough review, we will submit a counter-notice to reinstate any link that has been removed by Google, in accordance with applicable legal provisions. Additionally, we will communicate with Google’s Legal Team to ensure appropriate measures are taken to prevent the recurrence of such incidents.