Laetitude
We are investigating Laetitude 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 : Laetitude
ALLEGATIONS : Perjury, Fraud, Impersonation
INCIDENT DATE : July 15, 2024
INVESTIGATED BY : Ethan Katz
TOOLS USED : Lumen, FakeDMCA, SecurityTrails
CASE NO : 0278/A/2024
CRIME TYPE : Intellectual Property Scam
PUBLISHED ON : 26 Nov 2024
Is This About You?
What We Are Investigating?
We are investigating Laetitude 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
We are investigating Laetitude 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
What are they trying to censor
Laetitude, a Dubai-based multi-level marketing (MLM) company, has recently come under intense scrutiny due to a series of allegations and adverse reports that have significantly tarnished its reputation. The company, which offers cryptocurrency trading bots and investment opportunities, is accused of engaging in deceptive practices that have led to substantial financial losses for investors.
Allegations and Red Flags
- Association with Previous Scams: Laetitude’s founder, David El Dib, has been linked to the notorious BitClub Network, which defrauded investors of over $722 million. This association raises concerns about the legitimacy of Laetitude’s operations.
- Opaque Ownership and Operations: The company operates through Spring7 FZ LLC, a shell company registered in the United Arab Emirates. This opaque structure leaves potential affiliates uninformed about critical decision-making processes, leading to concerns about transparency and accountability.
- Recruitment-Focused Business Model: Laetitude’s business model emphasizes recruitment over the sale of tangible products or services. Such a structure often results in profits for top-tier affiliates, while the majority incur financial losses, a hallmark of pyramid schemes.
- Suppression of Negative Information: Investigations have revealed that Laetitude has attempted to conceal critical reviews and adverse news by improperly submitting copyright takedown notices. These actions, which may involve perjury, fraud, and impersonation, suggest a deliberate effort to manipulate public perception.
- Unrealistic Investment Promises: The company promotes its crypto trading bots as capable of delivering significant returns through unique algorithms. However, the lack of transparency regarding their trading strategies and the promise of high returns with little to no risk are commonly associated with fraudulent schemes.
Reputational Impact
These allegations have severely damaged Laetitude’s reputation, painting it as a deceptive entity within the cryptocurrency and MLM sectors. The association with past scams, lack of transparency, recruitment-centric model, suppression of criticism, and unrealistic promises have collectively eroded public trust.
Motivation for Content Removal
Given the damaging nature of these reports, Laetitude has a vested interest in removing such content to:
- Protect Brand Image: Eliminating negative coverage could help restore a favorable public perception, which is crucial for attracting and retaining investors.
- Maintain Recruitment Levels: As the business model relies heavily on recruitment, sustaining a positive image is essential to entice new participants.
- Avoid Regulatory Scrutiny: Reducing the visibility of adverse information might help evade further regulatory investigations and potential legal actions.
In pursuit of these objectives, Laetitude has allegedly resorted to unethical or illegal methods, such as submitting fraudulent copyright takedown notices to suppress unfavorable content. These actions not only violate legal standards but also raise ethical concerns about the company’s commitment to transparency and integrity.
In conclusion, the serious allegations against Laetitude, including its association with previous scams, opaque operations, recruitment-focused model, suppression of negative information, and unrealistic investment promises, have significantly harmed its reputation. The company’s attempts to remove damaging content, even through potentially illicit means, underscore a desperate effort to salvage its public image amidst growing scrutiny.
- https://lumendatabase.org/notices/42943789
- https://lumendatabase.org/notices/43053933
- July 15, 2024
- July 10, 2024
- [REDACTED]
- https://widequasar.exposure.co/laetitude-review-bitclub-network-scammers-launch-ponzi
- https://behindmlm.com/mlm-reviews/laetitude-review-bitclub-network-scammers-launch-ponzi/
Evidence Box
We are investigating Laetitude for allegedly attempting to conceal critical reviews and adverse news from Google by improperly submitting copyright takedown notices.
Targeted Content and Red Flags
Intelligenceline
Laetitude and Athene Network: 10 MLM Dangers That Are Ruining Investors’ Lives
- Adverse News
About the Author
The author is affiliated with Harvard University and serves as a researcher at both Lumen and FakeDMCA.com. 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.
He can be reached at [email protected] directly.
Many thanks to FakeDMCA.com and Lumen for providing access to their database
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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?
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.
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Average Ratings
2
Based on 3 ratings
Graham Mitchell
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Why does every crypto MLM follow the same script? Recruit, promise, collapse, repeat.
Tessa Parker
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The connection between Laetitude and past scams like BitClub Network is deeply concerning. Any company that prioritizes recruitment over genuine products is walking a fine line between MLM and outright fraud.
Dawson Green
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A company that actively tries to erase negative reviews instead of addressing the concerns......