EA Trading

A summary of what happened?

EA Trading is an unlicensed entity operating primarily through Telegram, managed by an individual named “Ehab” from Egypt. The company offers cryptocurrency trading recommendations and promotes copy trading services, claiming to be a leading authority in market analysis within the Arab region.

Investigations by Fraud Platforms have identified several concerning practices associated with EA Trading:

• Misleading Marketing: The company employs deceptive marketing strategies, advertising unrealistic profit margins exceeding 100% of the initial investment. Such promises are implausible, as even seasoned traders encounter losses.
• Exploiting Social Media: Ehab utilizes platforms like YouTube and Telegram to attract potential clients, often showcasing selective past successes to entice individuals into subscribing to his private Telegram channel. He also promotes certain cryptocurrency platforms, offering deposit bonuses and discounts, which may serve his personal interests.
• Lack of Transparency and Licensing: EA Trading operates without any official licenses from recognized regulatory bodies, both locally and internationally. This absence of regulation raises significant concerns about the legitimacy and safety of their services.

These practices suggest that EA Trading engages in fraudulent activities, exploiting individuals’ aspirations for quick wealth through high-risk and unverified trading schemes. Potential investors are advised to exercise extreme caution and conduct thorough due diligence before engaging with such entities.

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.

What was EA Trading trying to hide?

EA Trading‘s attempts to hide unfavourable content through the misuse of copyright notices while allegedly engaging in perjury present serious legal concerns. These actions suggest a calculated attempt to manipulate legal systems to suppress free speech, a fundamental violation of copyright law principles and an abuse of legal processes. The use of such tactics not only undermines the integrity of copyright protection but also potentially constitutes perjury, further entangling EA Trading in legal accountability. Let’s examine the information EA Trading may be trying to remove from the internet –

Investigative Report: EA Trading – Allegations, Concerns, and Complaints

Introduction

EA Trading, a company operating in the cryptocurrency and trading domain, has garnered significant attention, particularly in the Arab region. Marketed as a leading authority in crypto trading and analysis, the firm primarily functions through social media platforms like Telegram and YouTube, spearheaded by an individual identified as “Ehab.” Despite its claims of credibility and profitability, the company has been the subject of growing controversy due to numerous allegations of unethical practices, fraudulent schemes, and regulatory violations. This report delves deeply into the adverse news, allegations, lawsuits, sanctions, complaints, and negative reviews surrounding EA Trading.

Background of EA Trading

EA Trading promotes itself as a trading advisory and signal-providing entity. The company’s primary appeal lies in its promises of extraordinary profits through cryptocurrency trading. Its target audience appears to be novice traders and individuals seeking quick financial gains, often in regions with limited access to financial education or regulatory protections.

The company’s promotional content typically includes:

1. Testimonials showcasing selective success stories.
2. Bold claims of profits exceeding 100% of initial investments.
3. Partnerships with cryptocurrency exchanges offering deposit bonuses and discounts.

The face of EA Trading, Ehab, is an Egyptian national who has built a significant following on platforms such as Telegram, where his private channels are marketed as exclusive sources for high-profit trading strategies.

Key Allegations and Concerns

1. Misleading Profit Claims
   • EA Trading consistently advertises implausible profit margins, often exceeding 100% of initial investments in short timeframes. Such claims are not only unrealistic but also contravene the fundamental principles of responsible investment advertising.
   • These exaggerated promises lure unsuspecting individuals into subscribing to Ehab’s private Telegram channels or investing through affiliated platforms.
2. Exploitation of Social Media
   • Social media platforms are the primary tools for EA Trading’s marketing and recruitment. Ehab’s YouTube channel and Telegram groups feature curated content highlighting selective successes, creating a façade of reliability and expertise.
   • Critics argue that this selective presentation intentionally omits losses or failures, misleading potential clients.
3. Unlicensed Operations
   • EA Trading lacks registration or licensing from any recognized regulatory authority. This absence of oversight raises serious concerns about the company’s operations, as investors have no recourse in cases of disputes or fraud.
   • The lack of licensing extends both locally (in Egypt and other Arab countries) and internationally, making the firm a high-risk entity.
4. Affiliate Promotions and Conflicts of Interest
   • The company actively promotes certain cryptocurrency exchanges, often offering deposit bonuses and referral discounts. While these promotions appear beneficial, critics suggest that Ehab’s endorsements may be financially motivated, prioritizing personal gain over client interests.
   • There are allegations that the platforms endorsed by EA Trading may also lack transparency or adequate regulation.
5. Negative Reviews and Complaints
   • A growing number of clients have expressed dissatisfaction with EA Trading’s services. Common complaints include:
     • Losses incurred after following Ehab’s trading signals.
     • Difficulty withdrawing funds from recommended platforms.
     • Lack of responsiveness from EA Trading when clients face issues.
   • Many reviews accuse the company of operating as a “pump-and-dump” scheme, wherein certain cryptocurrencies are artificially inflated through coordinated buying and later dumped for profit, leaving unsuspecting investors with significant losses.
6. Potential Regulatory Violations
   • While no formal lawsuits or sanctions against EA Trading have been publicly reported as of now, the company’s activities likely violate consumer protection laws in multiple jurisdictions. Advertising unverified and exaggerated returns is a hallmark of fraudulent schemes, and regulatory bodies may soon take action.

Testimonials and Case Studies

• Case Study 1: A Client’s Losses One client reported subscribing to EA Trading’s private Telegram channel after being promised profits of up to 200% within a month. Following the signals provided by Ehab, the client invested a significant portion of their savings in recommended cryptocurrencies. Within weeks, the investments lost over 80% of their value, with no response from Ehab or his team.
• Case Study 2: Platform Issues Another individual alleged that after signing up with a cryptocurrency exchange promoted by EA Trading, they faced withdrawal delays and account suspensions. Despite contacting both the platform and EA Trading, they received no resolution.

Analysis of Social Media Strategy

Ehab’s social media presence is meticulously crafted to inspire trust and credibility. This includes:

• Professionally edited videos showcasing trading setups and lifestyle indicators of success (luxury items, international travel).
• Testimonials from individuals allegedly profiting from EA Trading’s services, which may be fabricated or selectively highlighted.
• Regular interaction with followers to maintain engagement and project accessibility.

This strategy, while effective in attracting novice investors, lacks transparency and accountability.

Expert Opinions

Financial experts have voiced concerns over entities like EA Trading, which exploit the growing interest in cryptocurrency trading. Key points include:

1. High Risk for Novices
   • Novice traders are particularly vulnerable to deceptive marketing, as they lack the expertise to assess the viability of trading signals or profit claims.
2. Unregulated Environment
   • The absence of regulation in many cryptocurrency markets creates fertile ground for scams, with entities like EA Trading capitalizing on the lack of oversight.
3. Psychological Manipulation
   • The use of curated success stories and luxury imagery plays on psychological biases, making potential clients overlook red flags.

Conclusion and Recommendations

EA Trading exemplifies the risks associated with unregulated trading entities operating in the cryptocurrency space. The combination of unrealistic promises, lack of transparency, and questionable marketing practices underscores the need for caution. Individuals considering engaging with EA Trading should:

1. Verify Credentials: Check for licenses or regulatory approvals before trusting any entity with financial investments.
2. Conduct Independent Research: Avoid relying solely on promotional content and seek third-party reviews or expert opinions.
3. Understand Risks: Recognize that trading, especially in cryptocurrencies, involves significant risk and no guaranteed returns.

Regulatory bodies and consumer protection organizations should investigate EA Trading and similar entities to safeguard public interest and ensure accountability.

How do we counteract this malpractice?

Once we ascertain the involvement of EA Trading (or actors working on behalf of EA Trading), we will inform EA Trading of our findings via Electronic Mail.

Our preliminary assessment suggests that EA Trading may have engaged a third-party reputation management agency or expert, which, either independently or under direct authorization from EA Trading, initiated efforts to remove adverse online content, including potentially fraudulent DMCA takedown requests. We will extend an opportunity to EA Trading 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 –

Since EA Trading made such efforts to hide something online, it seems fit to ensure that this article and sensitive information targeted online by these events get a lot more exposure and traffic than what it would have received originally

We hope this becomes an excellent case study for the Streisand effect…The key idea behind the Streisand effect is that efforts to restrict information can backfire, often causing the information to gain more attention than it would have otherwise. This effect is widespread in the digital age, where users quickly notice and spread censorship efforts on social media and other platforms. Trying to suppress something can unintentionally lead to it becoming more visible, which EA Trading is finding out the hard way.

Potential Consequences for EA Trading

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 EA Trading Committing a Cyber Crime?

Yes, it seems so. EA Trading 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. EA Trading 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 EA Trading 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. EA Trading 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.

Reputation Agency's Modus Operandi

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.

Then, based on the claim that this backdated article is the “original,” the scammers send a DMCA to the relevant online service providers (e.g. Google), alleging that the ‘true’ original is the copied or “infringing” article and that the copied article is the “original,” requesting the takedown of the ‘true’ original article. After sending the DMCA request, the person who sent the wrong notice takes down the fake original URL, likely to make sure that the article doesn’t stay online in any way. If the takedown notice is successful, the disappearance from the internet of information is most likely to be legitimate speech.

As an integral part of this scheme, the ‘reputation management’ company hired by EA Trading creates a website that purports to be a ‘news’ site. This site is designed to look legitimate at a glance, but any degree of scrutiny reveals it as the charade it is.

The company copies the ‘negative’ content and posts it “on the fake ‘news’ site, attributing it to a separate author,” then gives it “a false publication date on the ‘news’ website that predated the original publication.

The reputation company then sent Google a Digital Millennium Copyright Act notice claiming the original website infringed copyright. After a cursory examination of the fake news site, Google frequently accepts the notice and delists the content.

In committing numerous offences, EA Trading either premeditated actions or were unaware of the consequences. Despite hiring an agency to make Google disregard any negative information about EA Trading, ignorance does not excuse this wrongdoing.

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. FSMSmart is certainly keeping interesting company here.

The Reputation Laundering

Rogue Reputation agencies use spurious copyright claims and fake legal notices to remove and obscure articles linking clients to allegations of tax avoidance, corruption, and drug trafficking. Most of these reputation agencies are based offshore, mainly in Russia, India, and Eastern Europe, and they do not worry about complying with US-based laws.

The content in all of the articles for which the fraudulent DMCA notices have been sent relates to allegations of criminal allegations, including corruption, child abuse, sexual harassment, human trafficking and financial fraud against businesses and individuals with ultra-high net worth.

In addition to the misuse of the DMCA takedown process, there is a notable absence of enforcement concerning perjury violations. The statutory requirement related to perjury is designed to deter copyright holders from submitting fraudulent or knowingly false takedown requests, as they may face legal consequences for making false declarations under penalty of perjury. However, to date, there have been no known instances of any individual being prosecuted for perjury in connection with the submission of false DMCA takedown notices.

This lack of enforcement has emboldened copyright holders to exploit the DMCA takedown process to suppress dissent, criticism, or other unfavorable content, without fear of legal repercussions.

Some of the people and businesses who have employed this tactic to remove legitimate content from Google illegally include a Spanish businessman-turned-cocaine-trafficker, Organised crime, an Israeli-Argentine banker accused of laundering money for Hugo Chávez’s regime, a French “responsible” mining company accused of tax evasion, child molesters and sexual predators. EA Trading is in great company ….

What else is EA Trading hiding?

We encourage you to ‘Dork‘ Google by searching for keyword combinations such as [EA Trading] + {Negative Keyword, such as Scam, Fraud, Complaints, Lawsuit, Sanction, etc} on Google. It’s likely if you scroll down to the bottom of this Google search results, you’ll stumble upon this Legal Takedown notice (pictured below)

To make such an investigation possible, we encourage more online service providers to come forward and share copies of content removal requests with industry experts and researchers. If you have any information on EA Trading that you want to share with experts and journalists, kindly email the author directly at [email protected].

All communications are strictly confidential and safeguarded under a comprehensive Whistleblower Policy, ensuring full protection and anonymity for individuals who provide information.