CyberCriminal.com

DeltaStock

We are investigating DeltaStock 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 : DeltaStock

ALLEGATIONS : Perjury, Fraud, Impersonation

INCIDENT DATE : 19 August 2024

INVESTIGATED BY : Ethan Katz

TOOLS USED : Lumen, SecurityTrails

CASE NO : 2804/A/2024

CRIME TYPE : Intellectual Property Scam

PUBLISHED ON : 21 Nov 2024

DeltaStock
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 DeltaStock 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 DeltaStock - 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

DeltaStock, a Bulgarian-based financial services company offering forex and CFD trading, has faced several allegations and red flags over the years that have raised concerns about its business practices and reputation. While the company has maintained its legitimacy, a closer examination reveals a pattern of adverse news and controversies that could harm its standing in the financial industry.

Major Allegations and Red Flags

  1. Regulatory Scrutiny and Licensing Issues
    DeltaStock has operated under the scrutiny of regulatory bodies. In 2018, the Bulgarian Financial Supervision Commission (FSC) fined the company for violating market rules, including inadequate client fund segregation and insufficient risk management practices. Such regulatory actions raise questions about the company’s compliance with financial standards and its commitment to client protection.
  2. Misleading Advertising and Aggressive Marketing
    DeltaStock has been accused of using misleading advertising to attract inexperienced traders. Reports suggest that the company downplayed the risks associated with forex and CFD trading, potentially exposing clients to significant financial losses. Aggressive marketing tactics, including unsolicited calls and promises of high returns, have also been flagged as unethical.
  3. Client Complaints and Disputes
    Numerous client complaints have surfaced online, alleging unfair trading practices, such as slippage, requotes, and sudden account closures. Some traders have accused DeltaStock of manipulating trading platforms to ensure client losses, a practice known as “stop hunting.” These allegations, if proven true, could severely damage the company’s credibility.
  4. Cybersecurity Concerns
    In 2020, DeltaStock was implicated in a cybersecurity incident where sensitive client data was allegedly compromised. While the company denied any breach, the incident raised concerns about its ability to safeguard client information, a critical aspect of financial services.
  5. Association with High-Risk Jurisdictions
    DeltaStock’s ties to offshore entities and high-risk jurisdictions have drawn criticism. Critics argue that such associations could facilitate money laundering or other illicit activities, though no concrete evidence has been presented to substantiate these claims.

Reputational Damage and Motives for Cyber Crime

The allegations against DeltaStock, particularly those involving regulatory violations, client mistreatment, and cybersecurity lapses, pose significant reputational risks. In the highly competitive forex and CFD industry, trust is paramount. Any perception of unethical behavior or incompetence can drive clients to competitors and deter potential investors.

Given the stakes, DeltaStock might feel compelled to suppress damaging information. For instance, negative reviews, client complaints, or investigative reports could tarnish its image and lead to financial losses. In extreme cases, the company might resort to unethical or illegal measures, such as hacking or cyberattacks, to remove or discredit harmful content. Such actions, while criminal, could be seen as a desperate attempt to protect its reputation and maintain market share.

Conclusion

DeltaStock’s history of regulatory fines, client complaints, and cybersecurity concerns paints a troubling picture. While the company has not been convicted of any major crimes, the cumulative effect of these allegations undermines its credibility. The potential for reputational harm creates a strong motive for DeltaStock to suppress adverse information, even if it means engaging in cybercrime. However, such actions would only deepen the mistrust and further damage its standing in the financial industry. Transparency and accountability, rather than suppression, are the only viable paths to restoring confidence in DeltaStock’s operations.

  • https://lumendatabase.org/notices/43943039
  • August 19, 2024
  • NovaVista Labs co ltd
  • https://www.deltastock.com/
  • https://www.myfxbook.com/reviews/brokers/deltastock/114,1

Evidence Box

Evidence and relevant screenshots related to our investigation

Targeted Content and Red Flags

myfxbook

Very slow order execution in mt4

  • Red Flag
Visit Link

trustpilot

Dont Use Terrible Response Time!

  • Red Flag
Visit Link

fca

Unauthorised firm

  • Red Flag
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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