What Happened?
CIMD LTD, an online brokerage firm, has recently come under intense scrutiny for allegedly engaging in fraudulent activities and unethical practices that have left many investors in financial distress. Reports from sources like WikiFX and a detailed blog post on Chargebacks.ru highlight a disturbing pattern of deception involving misleading promises, withdrawal issues, and unregulated operations. CIMD LTD has been placed on various blacklists, warning potential investors about the risks associated with engaging with the company.
The reviews and complaints gathered from multiple sources paint a picture of a brokerage that employs deceitful tactics to lure in clients, only to obstruct withdrawals and leave them without access to their funds. Many customers have reported that their attempts to withdraw investments were met with delays or outright refusals, sparking suspicions of a deliberate scam. Furthermore, the company has been criticized for its lack of regulatory oversight, raising questions about the legitimacy of its operations.
In response to mounting negative reviews and allegations, CIMD LTD appears to be taking significant steps to censor damaging news and online complaints. This includes efforts to manipulate their online presence by removing negative feedback and attempting to drown out criticisms through legal threats or fabricated positive reviews. The company’s tactics to hide its shady past serve as a red flag for potential investors and a reminder of the importance of thorough due diligence.
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.
List of Fake Copyright Notices for CIMD LTD
Evidence and Screenshots
How do we investigate fake DMCA notices?
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.
What was CIMD LTD trying to hide?
CIMD LTD is an online brokerage firm that claims to offer a wide range of trading services, including forex and contracts for difference (CFDs). However, despite its advertised capabilities and investment opportunities, CIMD LTD has faced considerable criticism for its practices. The company has garnered a reputation for misleading clients and operating under questionable circumstances, and it is now included on various blacklists of untrustworthy brokers. Allegations against CIMD LTD suggest that it is more interested in exploiting traders than offering genuine trading services, and many industry experts have urged caution regarding the broker.
According to information gathered from WikiFX, Chargebacks.ru, and other review websites, CIMD LTD is attempting to conceal several serious allegations and negative feedback, including:
- Fraudulent Activities and Misleading Information: Reviews and reports indicate that CIMD LTD has engaged in fraudulent activities, including misleading clients about the potential profits of their investments. Many investors were promised significant returns, only to experience financial losses once they deposited their funds. The company has been accused of making unrealistic claims to lure investors and then failing to deliver on those promises, a common tactic used by unregulated brokers to exploit inexperienced traders.
- Withdrawal Issues and Blocked Funds: One of the most frequent complaints against CIMD LTD involves difficulties with withdrawing funds. Investors have reported that their withdrawal requests were either delayed indefinitely or outright rejected, leaving them unable to access their money. These practices have led to allegations that CIMD LTD is operating as a scam, trapping investors’ money and obstructing any attempts to recover it. Chargebacks.ru has highlighted these issues, providing information on how individuals can try to recover funds lost through CIMD LTD.
- Lack of Regulation and Transparency: Another major point of concern is CIMD LTD’s lack of proper regulatory oversight. According to WikiFX, the broker does not have the necessary licenses to operate legally in most jurisdictions. This lack of regulation means there is little accountability for the company’s actions, leaving traders vulnerable to unethical practices. The absence of regulatory information is a red flag for investors, suggesting that CIMD LTD may not comply with industry standards or have any measures in place to protect clients.
- Negative Reviews and Blacklisting: CIMD LTD has received numerous negative reviews from clients who feel they have been cheated. These reviews include accusations of unprofessional conduct, poor customer service, and the inability to recover funds. As a result, CIMD LTD has been placed on various blacklists, warning potential investors about the dangers of dealing with this broker. Websites like Chargebacks.ru and CIMD LTD Reviews document these complaints and have placed the company on their lists of untrustworthy brokers.
- Efforts to Censor Damaging Information: In an effort to protect its reputation, CIMD LTD appears to have taken steps to censor negative reviews and criticisms. This includes attempting to remove unfavorable comments from online forums and review sites, as well as publishing misleading positive reviews to counteract the negative feedback. Such tactics are aimed at controlling the narrative about CIMD LTD and concealing the true extent of the issues reported by clients. The company’s attempts to suppress criticism and present itself in a favorable light suggest a deliberate effort to deceive potential customers.
The combination of fraudulent activities, unresolved complaints, a lack of regulatory compliance, and efforts to censor damaging news paints CIMD LTD as a broker that prioritizes its own gains over the protection and interests of its clients. Investors should approach the company with caution and be aware of the risks involved.
Only CIMD LTD benefits from this crime.
Since the fake copyright takedown notices were designed to remove negative content for CIMD LTD from Google, we assume CIMD LTD or someone associated with CIMD LTD is behind this scam. It is often a fly-by-night Online Reputation agency working on behalf of CIMD LTD. In this case, CIMD LTD, 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.
How do we counteract this malpractice?
Once we ascertain the involvement of CIMD LTD (or actors working on behalf of CIMD LTD), we will inform CIMD LTD of our findings via Electronic Mail.
Our preliminary assessment suggests that CIMD LTD may have engaged a third-party reputation management agency or expert, which, either independently or under direct authorization from CIMD LTD, initiated efforts to remove adverse online content, including potentially fraudulent DMCA takedown requests. We will extend an opportunity to CIMD LTD to provide details regarding their communications with the agency or expert, as well as the identification of the individual(s) responsible for executing these false DMCA notices.
Failure to respond in a timely manner will necessitate a reassessment of our initial assumptions. In such an event, we will be compelled to take appropriate legal action to rectify the unlawful conduct and take the following steps –
- Inform Google about the fraud committed against them.
- Inform the victims of the fake DMCA about their websites.
- Inform relevant law enforcement agencies
- File counter-notices on Google to reinstate the ‘removed’ content
- Publish copies of the ‘removed’ content on our network of 50+ websites
By investigating the fake DMCA takedown attempts, we hope to shed light on the reputation management industry, revealing how CIMD LTD 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…
Since CIMD LTD made such efforts to hide something online, it seems fit to ensure that this article and our original review of CIMD LTD, including but not limited to user contributions, remain a permanent record for anyone interested in CIMD LTD.
A case perfect for the Streisand effect…
Potential Consequences for CIMD LTD
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
