What Happened?
Banxso, a growing player in the online trading world, is facing serious allegations regarding its efforts to conceal a troubling history and suppress unfavorable news. Investigations have revealed disturbing links between Banxso and the notorious Banc De Binary scam, a fraudulent operation shut down for defrauding investors . Despite this damaging association, Banxso continues to onboard new clients through misleading ads, attracting individuals unaware of the company’s checkered past .
Adding fuel to the fire, Banxso is currently under investigation by the Financial Sector Conduct Authority (FSCA), a probe the company has confirmed but seems keen to downplay . Instead of addressing these concerns transparently, Banxso has allegedly engaged in attempts to censor negative media coverage, including issuing legal threats to journalists and publications uncovering these critical issues.
As more light is shed on Banxso’s operations, questions about the company’s integrity grow, casting doubt on whether its actions reflect a commitment to ethical business practices or an attempt to control its public image.
Analyzing the Fake Copyright Notice(s)
Our team collects and analyses fraudulent copyright takedown requests, legal complaints, and other efforts to remove critical information from the internet. Through our investigative reporting, we examine the prevalence and operation of an organized censorship industry, predominantly funded by criminal entities, oligarchs, and disreputable businesses or individuals. Our findings allow internet users to gain insight into these censorship schemes’ sources, methods, and underlying objectives.
To accomplish this, we utilize the OSINT Tool provided by FakeDMCA.com and the Lumen API for Researchers, courtesy of the Lumen Database.
FakeDMCA.com is the work of an independent team of research students and cybersecurity professionals, developed under Project UnCensor. Their OSINT Tool, designed to uncover and analyze takedown notices, represents a significant step forward in combating these abusive practices. It has become a valuable resource, increasingly relied upon by journalists and law enforcement agencies across the United States.
Lumen, on the other hand, is an independent research initiative dedicated to studying takedown notices and other legal demands related to online content removal. The project, which operates under the Berkman Klein Center for Internet & Society at Harvard University, plays a crucial role in tracking and understanding the broader implications of such requests.
By investigating the fake DMCA takedown attempts, we hope to shed light on the reputation management industry, revealing how Banxso and companies like it may use spurious copyright claims and fake legal notices to remove and obscure articles linking them to allegations of fraud, tax avoidance, corruption, and drug trafficking…
List of Fake Copyright Notices for Banxso
Evidence and Screenshots
Only Banxso Benefit from this crime.
Since the fake copyright takedown notices were designed to remove negative content for Banxso from Google, we assume Banxso or someone associated with Banxso is behind this scam. It is often a fly-by-night Online Reputation agency working on behalf of Banxso. In this case, Banxso, at best, will be an “accomplice” or an “accessory” to the crime. The specific laws may vary depending on the jurisdiction. Still, the legal principle generally holds that if you actively participate in planning, encouraging, or facilitating a crime, you can be charged with it, even if you did not personally commit it.
So, who tf is Banxso?
Banxso is an online trading platform that offers users access to various financial instruments, including forex, stocks, and commodities. While it presents itself as a legitimate and growing player in the world of online trading, the company has recently come under scrutiny due to multiple controversies, raising serious concerns about its transparency and business ethics.
Major Concerns and Complaints Against Banxso
- Misleading Advertising: Banxso has been accused of using deceptive advertising practices to attract new clients. According to an investigation by Moneyweb, the company has been registering clients who click on fake ads, often promising unrealistic returns or portraying trading as a low-risk activity. This has led to accusations of predatory marketing, with vulnerable investors being lured into signing up without a full understanding of the risks involved.
- Links to Banc De Binary Scam: One of the most alarming allegations against Banxso is its link to the infamous Banc De Binary scam. Banc De Binary was a fraudulent binary options trading firm that was shut down after being implicated in defrauding investors globally. Moneyweb has drawn attention to the connections between Banxso and individuals or entities involved in this previous scam, raising red flags about the company’s origins and integrity.
- Regulatory Scrutiny: Banxso is currently under investigation by South Africa’s Financial Sector Conduct Authority (FSCA). The probe is focused on potential regulatory violations, but the details remain unclear. While Banxso has acknowledged the investigation, the company appears to be attempting to downplay its significance, further fueling concerns about its compliance with financial regulations.
Why Is Banxso Trying to Censor the Internet?
Banxso has allegedly engaged in efforts to censor negative press and stifle investigations into its operations. Multiple reports suggest that the company has used legal threats and other tactics to suppress damaging news coverage, particularly related to its connection with the Banc De Binary scandal and the FSCA investigation. These efforts to silence critics raise questions about Banxso’s commitment to transparency and accountability.
In summary, Banxso’s efforts to manage its public image, combined with a history of dubious practices and ongoing regulatory scrutiny, have led to growing skepticism about the platform. The company’s tactics to censor negative information instead of addressing the concerns directly have only intensified fears that it may be hiding more troubling aspects of its operations.
Potential Consequences for Banxso
Under Florida Statute 831.01, the crime of Forgery is committed when a person falsifies, alters, counterfeits, or forges a document that carries “legal efficacy” with the intent to injure or defraud another person or entity.
Forging a document is considered a white-collar crime. It involves altering, changing, or modifying a document to deceive another person. It can also include passing along copies of documents that are known to be false. In many states in the US, falsifying a document is a crime punishable as a felony.
Additionally, under most laws, “fraud on the court” is where “a party has sentiently set in motion some unconscionable scheme calculated to interfere with the judicial system’s ability impartially to adjudicate a matter by improperly influencing the trier of fact or unfairly hampering the presentation of the opposing party’s claim or defense.” Cox v. Burke, 706 So. 2d 43, 46 (Fla. 5th DCA 1998) (quoting Aoude v. Mobil Oil Corp., 892 F.2d 1115, 1118 (1st Cir. 1989)).
Is Banxso Committing a Cyber Crime?
Yes, it seems so. Banxso used multiple approaches to remove unwanted material from review sites and Google’s search results. Thanks to protections allowing freedom of speech in the United States, there are very few legal ways to do this. Banxso could not eliminate negative reviews or search results that linked to them without a valid claim of defamation, copyright infringement, or some other clear breach of the law.
Faced with these limitations, some companies like Banxso have gone to extreme lengths to fraudulently claim copyright ownership over a negative review in the hopes of taking it down.
Fake DMCA notices have targeted articles highlighting the criminal activity of prominent people to hide their illegal behavior. These people, which include US, Russian, and Khazakstani politicians as well as members from elite circles including the mafia and those with massive financial power, are all connected – and alleged corruption ranging from child abuse to sexual harassment is exposed when exploring evidence found at these URLs. It appears there’s a disturbing level of influence being exerted here that needs further investigation before justice can be served. Banxso is certainly keeping interesting company here….
The DMCA takedown process requires that copyright owners submit a takedown notice to an ISP identifying the allegedly infringing content and declaring, under penalty of perjury, that they have a good faith belief that the content is infringing. The ISP must then promptly remove or disable access to the content. The alleged infringer can then submit a counter-notice, and if the copyright owner does not take legal action within 10 to 14 days, the ISP can restore the content.
Since these platforms are predominantly based in the U.S., the complaints are typically made under the Digital Millennium Copyright Act (DMCA), which requires online service providers and platforms to react immediately to reports or violations. Big Tech companies rarely have systems in place to assess the merit of each report. Instead, all bad actors need to do is clone a story, backdate it, and then demand the real thing be taken down.
What was Banxso trying to hide?
Banxso has been reportedly attempting to suppress several types of adverse news, complaints, and allegations that have surfaced online. These negative reports and reviews question the company’s transparency, ethical practices, and regulatory compliance, raising significant concerns about its business operations. Here are the key issues that Banxso is allegedly trying to hide:
1. Misleading and Deceptive Advertising Practices
Banxso has been accused of using fake and misleading advertisements to attract new clients. According to Moneyweb, the company registers clients who click on deceptive ads that often promise quick and easy returns or portray trading as a low-risk activity. These ads are designed to lure uninformed or vulnerable investors, leading to complaints of false promises and unethical marketing practices. The company has been criticized for failing to provide adequate warnings about the risks of trading, leaving many customers feeling misled.
2. Links to the Banc De Binary Scam
One of the most damaging pieces of information Banxso is reportedly trying to suppress is its connection to the notorious Banc De Binary scam. Banc De Binary was a fraudulent binary options trading firm that scammed investors around the world before it was shut down by regulators. Moneyweb’s investigation suggests that Banxso may have ties to individuals or entities involved in the Banc De Binary scam. These connections raise serious concerns about Banxso’s legitimacy and its founders’ business practices, leading to heightened scrutiny from both the media and regulatory bodies.
3. Regulatory Scrutiny and FSCA Probe
Banxso has confirmed that it is under investigation by South Africa’s Financial Sector Conduct Authority (FSCA). The FSCA probe focuses on potential violations of financial regulations, although specific details of the investigation have not been disclosed. This regulatory scrutiny raises questions about Banxso’s compliance with financial laws and standards, further tarnishing its reputation. While Banxso has acknowledged the FSCA investigation, the company appears to be downplaying its significance, potentially to avoid further damaging its public image.
4. Customer Complaints and Negative Reviews
There have been several reports of dissatisfied customers complaining about Banxso’s practices, ranging from poor customer service to issues with fund withdrawals. These complaints often highlight that customers feel trapped after being misled by the company’s marketing tactics. Additionally, some users have reported difficulty in accessing their funds, adding to concerns about the platform’s trustworthiness.
5. Legal Threats and Censorship Efforts
Banxso has reportedly used legal threats and other censorship tactics to suppress negative news and reviews. Journalists and media outlets have indicated that Banxso has taken aggressive steps to silence critics and prevent damaging information from spreading. This has raised concerns about the company’s commitment to transparency, as many believe Banxso is more focused on controlling its public image than addressing the underlying issues.
In summary, Banxso is allegedly attempting to hide a range of adverse news, from its deceptive marketing practices and customer complaints to its troubling connections with the Banc De Binary scam and ongoing regulatory scrutiny by the FSCA. These efforts to suppress critical information have only added to the growing distrust surrounding the company’s operations and ethics.
