CyberCriminal.com

Bold Prime

We are investigating Bold Prime 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 : Bold Prime

ALLEGATIONS : Perjury, Fraud, Impersonation

INCIDENT DATE : 23 August 2024

INVESTIGATED BY : Ethan Katz

TOOLS USED : Lumen, SecurityTrails

CASE NO : 9152/A/2024

CRIME TYPE : Intellectual Property Scam

PUBLISHED ON : 25 Nov 2024

Bold Prime
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 Bold Prime 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 Bold Prime - 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

Bold Prime, a forex and CFD brokerage firm, has faced a series of allegations and red flags that have raised concerns about its legitimacy and operational practices. These issues, if proven true, could significantly harm the company’s reputation and erode trust among its clients and the broader financial community. Below is a summary of the major allegations and adverse news surrounding Bold Prime, along with an analysis of why the company might seek to suppress such information, even through illicit means.

Major Allegations and Red Flags

  1. Regulatory Concerns and Lack of Transparency
    Bold Prime has been accused of operating without proper regulatory oversight in key jurisdictions. While the firm claims to be regulated by the Seychelles Financial Services Authority (FSA), critics argue that this jurisdiction is known for its lax regulatory standards. The absence of oversight from more stringent regulators, such as the FCA (UK) or ASIC (Australia), has raised questions about the firm’s credibility and the safety of client funds.
  2. Withdrawal Issues and Client Complaints
    Numerous clients have reported difficulties in withdrawing funds from their accounts. Complaints on online forums and review sites allege that Bold Prime delays or denies withdrawal requests, often citing vague reasons or demanding additional documentation. Such practices are commonly associated with scam operations and have led to accusations of financial impropriety.
  3. Aggressive Marketing and Misleading Claims
    Bold Prime has been criticized for its aggressive marketing tactics, including unsolicited calls and emails promising unrealistic returns. Some clients have accused the firm of misleading them about the risks involved in trading, which is a significant ethical and legal violation in the financial services industry.
  4. Negative Online Reviews and Scam Allegations
    A growing number of online reviews and testimonials label Bold Prime as a scam. These reviews often highlight poor customer service, hidden fees, and manipulative trading practices. While some negative reviews may be from disgruntled clients, the volume and consistency of these complaints are concerning.
  5. Association with Questionable Entities
    Investigations have revealed that Bold Prime may be linked to other offshore brokers with dubious reputations. These connections suggest a potential network of firms operating with minimal oversight, further undermining confidence in Bold Prime’s operations.

Reputational Damage and Motives for Suppression

The allegations against Bold Prime strike at the core of its business model, which relies heavily on trust and credibility. Regulatory concerns and withdrawal issues directly impact client confidence, as traders are unlikely to engage with a broker that cannot guarantee the safety of their funds. Aggressive marketing and misleading claims tarnish the firm’s image, making it appear predatory and untrustworthy. Negative reviews and scam allegations, if left unaddressed, can deter potential clients and lead to a loss of existing ones.

Given the severity of these allegations, Bold Prime has a strong incentive to suppress damaging information. Removing negative reviews, silencing whistleblowers, or even hacking into platforms that host critical content could be seen as a desperate attempt to control the narrative. Such actions, while illegal, might be viewed by the company as necessary to protect its reputation and maintain its client base.

Conclusion

The allegations against Bold Prime paint a troubling picture of a firm potentially prioritizing profit over ethical practices. While the company has not been formally charged with any crimes, the consistent pattern of complaints and red flags warrants scrutiny. If Bold Prime were to engage in cybercrime to suppress this information, it would not only compound its legal troubles but also further erode any remaining trust in its operations. The financial services industry thrives on transparency and accountability, and any deviation from these principles risks severe consequences for both the firm and its clients.

  • https://lumendatabase.org/notices/44031950
  • August 23, 2024
  • TitanEdge Technologies incop
  • https://myboldprime.com/
  • https://www.myfxbook.com/members/arbitency/arbitency–boldprime/10304285

Evidence Box

Evidence and relevant screenshots related to our investigation

Targeted Content and Red Flags

globalfraudprotection.com

BoldPrime Review – BoldPrime Exploits ASIC Registration to Deceive Traders

  • Adverse News
Visit Link

theforexreview.com

BoldPrime review

  • Removed
Visit Link

personal-reviews.com

Bold Prime Review (boldprime.com Scam)

  • Adverse News
Visit Link

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.

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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

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.

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