CyberCriminal.com

IT Binary Options

We are investigating IT Binary Options 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 : IT Binary Options

ALLEGATIONS : Perjury, Fraud, Impersonation

INCIDENT DATE : 09 Apr 2023

INVESTIGATED BY : Ethan Katz

TOOLS USED : Lumen, SecurityTrails

CASE NO : 5421/A/2024

CRIME TYPE : Intellectual Property Scam

PUBLISHED ON : 24 Nov 2024

IT Binary Options
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 IT Binary Options 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 IT Binary Options - 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

IT Binary Options is yet another name in the long list of shady online trading platforms promising sky high returns and risk free investments. The reality, however, is far from the rosy picture painted by their marketing campaigns. Behind the glossy website and persuasive sales tactics lies a well oiled machine designed to exploit unsuspecting investors, drain their funds, and then disappear without a trace.

But IT Binary Options doesn’t just stop at scamming. No, they go a step further working tirelessly to suppress any negative information about them. Through legal threats, fake reviews, and aggressive takedown requests, they attempt to bury complaints and warnings under a flood of misleading content. This article delves deep into the red flags, the complaints, and the shady censorship tactics employed by IT Binary Options, exposing their fraudulent nature and urging authorities to take immediate action.

Red Flags of IT Binary Options

Unregulated and Anonymous Operations

One of the first signs of a fraudulent trading platform is its lack of regulatory approval. IT Binary Options operates in the shadows, with no evidence of licensing from any legitimate financial authority. Financial regulators worldwide have repeatedly warned about unlicensed brokers that offer binary options trading, as they often manipulate trading outcomes and refuse to process withdrawals​Adding to the suspicion, IT Binary Options provides little to no information about its management team, office locations, or corporate structure. A legitimate financial services provider would proudly display its credentials and regulatory compliance. The absence of this information suggests one thing: they don’t want investors to know who they are because they plan to disappear the moment things go south.

Fake Positive Reviews and Fabricated Testimonials

A quick search for IT Binary Options on review platforms like Trustpilot and Ripoff Report reveals a disturbing pattern waves of negative reviews describing lost funds, unresponsive support, and manipulated trading conditions​.

Difficulty in Withdrawals—The Biggest Red Flag

The most damning evidence against IT Binary Options is the sheer number of investors who report being unable to withdraw their funds. At first, the platform makes depositing money easy, even offering lucrative bonuses to encourage higher investments. But when users try to withdraw their supposed “profits,” they are met with excuses:

  • Your account needs verification, please submit more documents.

  • Due to high demand, withdrawals are currently delayed.

  • You must meet a minimum trading volume before withdrawal.

These excuses are designed to keep investors engaged long enough for IT Binary Options to drain their accounts completely. Some users have even reported that once they complain too much, their accounts are suddenly closed, and they are locked out permanently​

IT Binary Options’ Desperate Attempts to Censor Negative Information

Legal Threats and Intimidation

When negative reviews start piling up, IT Binary Options doesn’t try to address them with better service or transparency. Instead, they resort to intimidation. Victims who post complaints online often receive emails threatening them with lawsuits for “defamation.” This is a well-known tactic used by scammers to silence their critics preying on the fear of legal trouble. However, these threats are usually empty, as no legitimate company would waste resources suing customers for telling the truth.

Takedown Requests and Copyright Abuse

Another favorite strategy of IT Binary Options is filing false copyright complaints to force websites to remove negative content. Some scam brokers have even gone as far as hiring online reputation management firms to flood search engines with irrelevant content, pushing genuine complaints further down in search results.If you try searching for “IT Binary Options scam,” you might notice that many results have nothing to do with actual fraud reports this is intentional. By publishing hundreds of meaningless blog posts and press releases, they dilute the search results, making it harder for potential victims to find warnings before investing.

Blocking Victims and Disappearing

Once IT Binary Options has extracted as much money as possible from a user, they simply cut them off. Customer support stops responding, emails bounce back, and phone numbers become inactive. This sudden disappearance is a telltale sign of a scam operation that has no intention of long-term business.

The Bigger Picture: Authorities Must Act Now

IT Binary Options is not an isolated case it is part of a much larger web of fraudulent trading platforms operating under different names. The binary options industry has been plagued with scams for years, leading regulators in many countries to ban such trading altogether​

Financial watchdogs need to take urgent action by:

  • Investigating and blacklisting IT Binary Options.

  • Warning potential investors about its fraudulent activities.

  • Working with law enforcement to trace the individuals behind the scam.

Unfortunately, scams like IT Binary Options thrive because they exploit legal loopholes and operate across multiple jurisdictions, making enforcement difficult. This is why investors must be extremely cautious when dealing with online trading platforms always verify regulatory status, read independent reviews, and never trust platforms that promise guaranteed returns.

IT Binary Options is a textbook case of how fraudsters operate in the binary options space enticing investors with false promises, manipulating trading results, refusing withdrawals, and using censorship tactics to suppress complaints. The more people expose their tactics, the harder it will be for them to continue scamming unsuspecting victims.If you or someone you know has been affected by IT Binary Options, report them to your local financial regulator and warn others. Scammers rely on silence to continue their schemes by speaking out, you help dismantle their operations and protect future investors from falling into the same trap.At the end of the day, the best defense against financial scams is awareness. Stay informed, stay skeptical, and most importantly stay away from IT Binary Options.

  • https://lumendatabase.org/notices/33409713
  • https://lumendatabase.org/notices/30214851
  • https://lumendatabase.org/notices/30214866
  • https://lumendatabase.org/notices/29936640
  • https://lumendatabase.org/notices/29937419
  • https://lumendatabase.org/notices/30007992
  • https://lumendatabase.org/notices/30571069
  • https://lumendatabase.org/notices/43550956
  • https://lumendatabase.org/notices/43536575
  • https://lumendatabase.org/notices/46466585
  •  13 Jul 2022
  • 06 Jan 2023
  • 06 Jan 2023
  • 15 Dec 2022
  • 20 Dec 2022
  • 03 Feb 2023
  • 19 Nov 2024
  • OBD Media Corp
  • Lee Corporates LLC Asia
  • Sharma LAWFIRM ASIA
  • Kiara LAWFIRM LLC
  • Will and Co
  • Ugg Media Networks
  • https://www.deccanlive.in/2017/01/more-suits-filed-against-israeli-binary.html
  • https://www.deccanlive.in/2017/07/blog-post.html
  • https://hendirkcnews.xyz/2017/04/03/%D7%97%D7%91%D7%A8%D7%95%D7%AA-%D7%99%D7%A9%D7%A8%D7%90%D7%9C%D7%99%D7%95%D7%AA-%D7%9C%D7%90%D7%95%D7%A4%D7%A6%D7%99%D7%95%D7%AA-%D7%91%D7%99%D7%A0%D7%90%D7%A8%D7%99%D7%95%D7%AA-%D7%A4%D7%95%D7%92/
  • https://miaminewspost.com/more-suits-filed-against-israeli-binary-options-cos/
  • https://en.globes.co.il/en/article-more-suits-filed-against-israeli-binary-options-cos-1001198674
  • https://www.globes.co.il/news/article.aspx?did=1001198500
  • https://en.globes.co.il/en/article-more-suits-filed-against-israeli-binary-options-cos-1001198674/

Evidence Box

Evidence and relevant screenshots related to our investigation

Targeted Content and Red Flags

en.globes.co.il

More suits filed against Israeli binary options cos

  • Adverse News
Visit Link

globes.co.il

Israeli binary options companies are damaging Israel's reputation

  • Adverse News
Visit Link

financemagnates.com

IT Binary Options Exposed in Court Crackdown on Trading Scams

  • 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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