N1CM
We are investigating N1CM 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 : N1CM
ALLEGATIONS : Perjury, Fraud, Impersonation
INCIDENT DATE : 16 Aug 2024
INVESTIGATED BY : Ethan Katz
TOOLS USED : Lumen, FakeDMCA, SecurityTrails
CASE NO : 3791/A/2024
CRIME TYPE : Intellectual Property Scam
PUBLISHED ON : 27 Oct 2024
Is This About You?
What We Are Investigating?
We are investigating N1CM 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 N1CM 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
Background
N1CM, established in 2017, positions itself as a global forex and CFD broker. Despite its claims of regulation and reliability, several allegations and concerns have emerged, casting doubt on its operational integrity.
Regulatory Concerns
- Unregulated Status: N1CM is registered in Vanuatu, a jurisdiction known for its lenient regulatory environment. This status categorizes N1CM as an unregulated or offshore broker, raising concerns about the firm’s adherence to international financial standards.
- Lack of Transparency: The firm’s vague or hidden terms have been flagged as potential red flags for unethical practices. Such opacity can mislead investors and obscure the true nature of the services offered.
Reputation Impact
These allegations significantly tarnish N1CM’s reputation. The unregulated status and lack of transparency suggest a potential for unethical practices, deterring potential investors and clients. The absence of stringent regulatory oversight implies that investors may not receive adequate protection, increasing the risk of potential financial misconduct.
Motivation for Information Suppression
Given the damaging nature of these reports, N1CM has a vested interest in removing or suppressing such information:
- Client Acquisition: Negative publicity can hinder the firm’s ability to attract new clients, directly affecting revenue streams.
- Regulatory Scrutiny: Publicized allegations may invite further investigation from financial authorities, potentially leading to legal actions or sanctions.
- Competitive Disadvantage: Adverse news can place N1CM at a disadvantage compared to competitors with clean records, impacting its market position.
In an effort to mitigate these challenges, the firm might consider employing tactics to remove or obscure unfavorable information. Such actions could include aggressive legal strategies, search engine optimization to bury negative reports, or, in extreme cases, illicit activities like hacking to eliminate detrimental content.
Conclusion
The allegations and regulatory concerns surrounding N1CM present a cautionary tale for potential investors. The firm’s unregulated status and lack of transparency expose clients to significant financial risks. While N1CM may seek to suppress negative information to protect its interests, investors are advised to exercise due diligence and engage only with fully authorized and transparent financial service providers.
- https://lumendatabase.org/notices/43856840
- August 16, 2024
- NovaSphere Dynamics
- https://www.n1cm.com/en
- https://www.forexpeacearmy.com/forex-reviews/14053/n1cm-review
Evidence Box
We are investigating N1CM for allegedly attempting to conceal critical reviews and adverse news from Google by improperly submitting copyright takedown notices.
Targeted Content and Red Flags
forexpeacearmy
N1CM review: Regulations, Platforms, Features and Number One Capital Markets Users Ratings.
- Red Flag
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
3
Based on 5 ratings
Sophia Scott
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I’ve seen so many complaints about N1CM, and now I know why. It’s just another broker out to steal your money. Don’t trust them
Michael Harris
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N1CM is a scam! Don’t trust them with your money. It’s all a setup to take advantage of people
Ethan Carter
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This broker isn’t retail-friendly at all. I deposited to test their platform, but their slow order execution and high overnight spreads left me unimpressed. To add insult to injury, they blocked my account and have ignored my emails about returning my deposit. I only got one reply from them, which just said, “Your account was blocked.” This has been a bad experience.
Oliver Green
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Avoid N1CM at all costs. They won’t let me withdraw my initial deposit, and their support team doesn’t respond to my emails. They only replied once to tell me my account was blocked, and that’s it. This is beyond frustrating, and I feel completely ignored.
Lucas Young
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This broker clearly doesn’t prioritize its retail clients. The process execution is too slow, and the spreads were unreasonably high, especially overnight.