Warden Vc - Investigation for Fraud, Impersonation and Perjury – Fake Copyright Takedown Scam

February 27, 2022

                   

Warden Vc / Warden Vc Reviews / wardenvc.com Scam



Warden Vc  – Investigation for Fraud, Impersonation and Perjury – Fake Copyright Takedown Scam

Beneficiary of Fake DMCA:Warden Vc / Warden Vc Reviews / wardenvc.com Scam
Contact Info:Website :wardenvc.com
Possible Infringements:Perjury, Impersonation, Identity-theft, Misrepresentation
DMCA Report:https://www.lumendatabase.org/notices/25017848
Original Link:https://theforexreview.com/2021/09/01/wardenvc-review



















Fake Link/Website Used:https://coreymccoy1.blogspot.com/2021/08/wardenvc-review-5-things-you-should.html











Submitted by:Corey McCoy
Date of Submission: 
September 01, 2021
Cue all manner of gaslighting, starting with a bunch of bogus DMCA takedown notices. I loosely keep track of DMCA takedowns filed to hide the scam done by this organization. Warden Vc really went to town with their efforts to hide the negative content on the internet.
Content Used In Fake DMCA By Warden Vc - 
"The problem with that particular jurisdiction is the fact it does not regulate its Forex markets in the least – therefore, it is incredibly easy for scammers to set up shop there in order to avoid being held accountable for the schemes they run! There is no way that you should trust a broker from the country"

HERE’S OUR INVESTIGATION REPORT

SO WHAT WERE THEY TRYING TO HIDE ?
 
"WardenVC is quite the peculiar broker – the company pretends to operate from Portugal, yet its website is entirely in German, with no other languages available. There are a lot more substantial problems with the broker, of course – its regulation is nonexistent, and so are its Terms and Conditions. This means the company is best avoided – and if you need to know more, or if you have deposited with the company and are wondering what to do to get your money back, read on – you will find the relevant information you are looking for about the broker in full in the following review:


WardenVC regulation and safety of funds

WardenVC is not a regulated company – and what’s worse, it originates from one of the shadiest offshore jurisdictions out there – the Marshall Islands. Here is where WardenVC can be found:




The problem with that particular jurisdiction is the fact it does not regulate its Forex markets in the least – therefore, it is incredibly easy for scammers to set up shop there in order to avoid being held accountable for the schemes they run! There is no way that you should trust a broker from the country, not without any additional regulation at least. WardenVC also lies it operates from Portugal, as we mentioned before – here is the fake address the broker provides us with:




Portugal is a part of the EU – and as such, it follows a unified set of regulatory measures that aim to reduce the risks to the retail trader and weed out scammers. Companies operating from there are required to obtain a license, which means they are holding over 730 000 euro to their name. Once they have the license, the brokers are required to report on a daily basis on open and closed trades to prevent them from engaging in any kind of market manipulation.


WardenVC is not among these highly regulated brokers, however – the company simply cannot be one, as it contradicts the EU policy on leverage – amounts of up to 1:30 are allowed for retail traders, and yet, WardenVC has a leverage of up to 1:200!


WardenVC trading software

WardenVC provides access to a distribution of the Metatrader 4 platform – however, its server on it is derelict, as you can see from the screenshot below:




This is a real shame, since MT4 has established itself as the industry leader with its many powerful features – WardenVC also offers a web-based platform which lacks most of said features. Namely, automated trading is nowhere to be seen. Here is what the platform looks like:




The actual trading conditions on the platform are rather bad – the spreads are too wide, moving within the 3 pip range for common FX pairs like the EURUSD. Meanwhile, the leverage of 1:200 is more than what not only the EU, but also what most regulators allow. Still, unlicensed companies are infamous for offering these higher leverage amounts in a bid to attract more clients, with no regard to the safety of said clients.


WardenVC deposit and withdrawal methods and fees

WardenVC accepts deposits via credit cards – the good news is that Mastercard and Visa both allow a chargeback to be filed on payments in 540 days of any transaction. The bad news is that you will certainly need one – WardenVC does not have its Terms and Conditions available. This means that the broker can abuse its client by charging as much as it pleases for its services.


How does the scam work?

WardenVC is certainly up to no good – here is how the scheme it runs unfolds:


First off, someone opens an account with WardenVC – they are required to leave a phone number to do so, which the scammers will then use to start calling around the clock and demand deposits. More and more money will be extorted from the victim, until they realize what’s going on or run out of money to give. At that point, the scammers will simply cut them off and move on to new targets.


What to do when scammed?

First off, you should get whatever IDs, credit cards and so on the scammers had access to re-issued. Also remove any remote control software they had you install on your PC.


Then, you would want to contact your bank and ask for a chargeback. However, if a recovery agency reaches out to you and ask for an upfront payment for it services, you are certainly dealing with another scam!


Finally, do not hesitate to leave a comment below and tell us of your experience with WardenVC – doing so will help raise awareness of the scam and help combat its spread!"

Read More Investigations 

Here are some of the outcomes and changes we made possible with the help of several other citizen lawyers and agencies –

Tags:
.

.

Post a Comment

0 Comments