Global Prime Treasury

A summary of what happened?

Global Prime Treasury, operating under the domain globalprimetreasury.com, presents itself as a financial services provider offering trading opportunities in cryptocurrencies and forex markets. However, multiple reports and reviews have raised significant concerns regarding its legitimacy and business practices.

Regulatory Status and Transparency

• Lack of Regulation: Investigations reveal that Global Prime Treasury operates without oversight from any recognized financial regulatory authority. This absence of regulation implies that clients do not have the protection typically afforded by licensed institutions, increasing the risk of financial misconduct.
• Anonymous Operations: The company provides minimal information about its ownership and corporate structure. Such anonymity is a common characteristic of fraudulent entities, making it difficult for clients to seek recourse in cases of disputes or financial loss.

Client Complaints and Allegations

• Fraudulent Activities: Numerous clients have accused Global Prime Treasury of operating scams. For instance, a user reported being lured into investing through promises of high returns, only to face difficulties when attempting to withdraw funds. The client mentioned interactions with a representative named Thomas Cohan, who provided personal reassurances, including sharing family photos, to build trust.
  SiteJabber
• High Minimum Deposit Requirements: The platform requires a minimum deposit of $2,500, which is considerably higher than industry standards. Such high entry barriers can be indicative of schemes aiming to extract substantial amounts from clients upfront.
• Withdrawal Challenges: Clients have reported significaructions when attempting to withdraw their funds. Tactics allegedly employed include prolonged processing times and unresponsiveness to withdrawal requests, which are common strategies used by fraudulent brokers to retain client funds.

Negative Reviews and Trustworthiness

• **Low Trust ScoreIndependent platforms like Scam Detector have assigned Global Prime Treasury a low trust score of 13.5 out of 100, indicating a high likelihood of fraudulent activity. This assessment is based on various factors, including the company’s lack of transparency and negative client feedback.
  Scam Detector
• Client Testimonials: Reviews on platforms such as Sitejabber describe Global Prime Treasury as a scam, with clients recounting experiences of being enticed into investments through deceptive practices and subsequently facing obstacles in fund withdrawals.
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The combination of unregulated operations, anonymous corporate structure, high minimum deposit requirements, and numerous client complaints suggests that Global Prime Treasury engages in deceptive practices. Potential investors are strongly advised to exercise caution and consider engaging with financial institutions that are fully licensed and have established reputations for transparency and client protection.

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 Global Prime Treasury trying to hide?

Global Prime Treasury‘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 Global Prime Treasury in legal accountability. Let’s examine the information Global Prime Treasury may be trying to remove from the internet –

Investigative Report: Global Prime Treasury – Allegations, Complaints, and Concerns

Introduction

Global Prime Treasury, operating through the website globalprimetreasury.com, claims to offer financial services, including cryptocurrency and forex trading. However, a mounting collection of adverse news, client complaints, and independent reviews has cast serious doubts on its legitimacy. This investigative report delves deeply into the allegations, lawsuits, and negative feedback associated with Global Prime Treasury, unraveling its practices and their implications.

1. Regulatory and Operational Concerns

Unregulated Status

• Global Prime Treasury is not registered with any recognized financial regulatory body such as the FCA (UK), ASIC (Australia), or CySEC (Cyprus).
• The absence of regulation means:
  • No Client Protection: Customers do not have access to compensation schemes or dispute resolution mechanisms.
  • Lack of Oversight: There is no independent oversight to ensure transparency or ethical business practices.

Opaque Corporate Structure

• The company provides minimal information about its ownership and operational headquarters.
• Such anonymity is a hallmark of many fraudulent operations, making it difficult for clients to identify responsible parties or pursue legal recourse in case of disputes.

2. Allegations of Fraudulent Practices

False Promises and High-Pressure Tactics

• Clients report being enticed into investing through promises of guaranteed high returns.
• Sales representatives allegedly use high-pressure tactics, creating a sense of urgency to deposit large amounts quickly.

Case Example:

A user recounted their experience with a representative named Thomas Cohan, who built trust by sharing personal anecdotes and even family photos. This tactic created a false sense of security, leading the client to deposit $5,000, only to face subsequent difficulties in withdrawing funds.

High Minimum Deposit Requirements

• The platform mandates a minimum deposit of $2,500, significantly above industry norms.
• High deposit thresholds are often used by questionable brokers to extract substantial amounts of money upfront, reducing the likelihood of clients recovering their funds.

3. Withdrawal Challenges

One of the most common complaints against Global Prime Treasury involves difficulties in withdrawing funds:

• Prolonged Delays:
  • Clients report extended waiting periods for withdrawal requests, with many never receiving their funds.
• Obstructive Tactics:
  • Alleged strategies include:
    • Claiming processing errors or technical issues.
    • Ignoring withdrawal requests altogether.
• Unresponsive Customer Support:
  • Once funds are deposited, many clients describe support representatives as evasive, providing no clear answers or resolutions.

Client Testimonial:

One investor shared on ScamAdviser that after depositing over $10,000, their withdrawal requests were repeatedly ignored, with customer service ceasing communication entirely.

4. Negative Online Reviews and Independent Analysis

Client Complaints

• Global Prime Treasury has received overwhelmingly negative reviews across multiple platforms, with users labeling the platform as a scam.
• Common themes in complaints include:
  • Misleading advertising and false promises.
  • Deliberate attempts to withhold client funds.
  • Lack of transparency in terms and conditions.

Trust Scores

• ScamAdviser: The platform received a low trust score of 13.5 out of 100, citing concerns about:
  • Hidden corporate details.
  • Negative user feedback.
  • Poor security protocols on the website.
• SiteJabber: Clients have accused the company of being fraudulent, detailing their experiences of financial loss and unfulfilled withdrawal requests.

5. Technical and Operational Shortcomings

Website Security Concerns

• The website lacks standard security measures such as HTTPS encryption, putting client data at risk of being intercepted or stolen.
• ScamAdviser noted the website’s short domain age, a characteristic commonly associated with scam platforms that disappear after defrauding clients.

Inconsistent Information

• The platform provides conflicting details about accepted payment methods, terms of service, and fees.
• Such discrepancies create confusion and can be used to exploit clients, especially when attempting to withdraw funds.

6. Connections to Broader Scam Networks

Potential Links to Other Fraudulent Entities

• Investigations suggest that Global Prime Treasury shares operational similarities with other unregulated brokers, including:
  • Similar website designs and marketing strategies.
  • Identical complaints about withdrawal delays and unresponsive support.
• This raises suspicions of the company being part of a broader network of fraudulent brokers targeting unsuspecting investors.

7. Legal Actions and Sanctions

Lack of Enforcement

• Due to its offshore and anonymous operations, Global Prime Treasury has avoided direct legal repercussions so far.
• The lack of regulatory oversight in its jurisdiction complicates efforts by affected clients to seek justice or recover funds.

Potential for Future Sanctions

• If complaints continue to mount, international regulatory bodies may issue warnings or sanctions to deter further fraudulent activities.

8. Broader Implications for Investors

Financial Losses

• The allegations and operational tactics described above indicate that clients risk losing their investments entirely when dealing with Global Prime Treasury.
• High-pressure sales tactics and obstructive withdrawal policies exacerbate these risks.

Damage to Market Trust

• Platforms like Global Prime Treasury erode confidence in online trading and financial services, particularly in the cryptocurrency and forex sectors.

9. Red Flags and Warning Signs

Potential investors should be cautious of the following red flags associated with Global Prime Treasury:

1. Unregulated Operations: No oversight by reputable financial authorities.
2. High Minimum Deposits: Unusually high entry requirements.
3. Withdrawal Challenges: Repeated reports of delayed or denied withdrawal requests.
4. Opaque Business Practices: Lack of transparency in ownership and operations.
5. Negative Reviews: Consistent client complaints of fraud and financial loss.

10. Recommendations for Investors

1. Verify Regulatory Status:
   • Only engage with brokers licensed by respected regulators like the FCA, ASIC, or CySEC.
2. Test Services with Small Deposits:
   • Before committing significant funds, test the platform’s withdrawal process with a small deposit.
3. Research Thoroughly:
   • Rely on independent reviews and avoid platforms with a pattern of negative feedback.
4. Avoid High-Pressure Tactics:
   • Legitimate brokers do not rush clients into making deposits or promise guaranteed returns.

Conclusion

Global Prime Treasury has exhibited multiple signs of fraudulent behavior, including unregulated operations, opaque practices, and consistent withdrawal challenges. The overwhelming volume of client complaints and independent trust assessments further solidify its reputation as a high-risk platform.

For potential investors, the evidence strongly suggests avoiding Global Prime Treasury. Engaging with regulated, transparent, and reputable brokers is essential to ensure the safety of investments and a fair trading experience.

How do we counteract this malpractice?

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

Our preliminary assessment suggests that Global Prime Treasury may have engaged a third-party reputation management agency or expert, which, either independently or under direct authorization from Global Prime Treasury, initiated efforts to remove adverse online content, including potentially fraudulent DMCA takedown requests. We will extend an opportunity to Global Prime Treasury 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 Global Prime Treasury 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 Global Prime Treasury is finding out the hard way.

Potential Consequences for Global Prime Treasury

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 Global Prime Treasury Committing a Cyber Crime?

Yes, it seems so. Global Prime Treasury 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. Global Prime Treasury 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 Global Prime Treasury 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. Global Prime Treasury 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 Global Prime Treasury 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, Global Prime Treasury either premeditated actions or were unaware of the consequences. Despite hiring an agency to make Google disregard any negative information about Global Prime Treasury, 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. Global Prime Treasury is in great company ….

What else is Global Prime Treasury hiding?

We encourage you to ‘Dork‘ Google by searching for keyword combinations such as [Global Prime Treasury] + {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 Global Prime Treasury 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.