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Baron Capital Enterprise Inc (CE)

Baron Capital Enterprise Inc (CE) (BCAP)

0.0001
0.00
(0.00%)
Closed April 26 4:00PM

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Key stats and details

Current Price
0.0001
Bid
0.00
Ask
0.00
Volume
88,000
0.0001 Day's Range 0.0001
0.000001 52 Week Range 0.0008
Previous Close
0.0001
Open
0.0001
Last Trade
88000
@
0.0001
Last Trade Time
Average Volume (3m)
309,830
Financial Volume
$ 9
VWAP
0.0001

BCAP Latest News

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
1000.00010.00010.00011090660.0001CS
4000.00010.00010.00012742960.0001CS
12000.00010.00020.00013098300.00010001CS
26000.00010.00031.0E-611030380.0001314CS
52-0.0002-66.66666666670.00030.00081.0E-614781980.00024179CS
156000.00010.00091.0E-630402840.00038483CS
260000.00010.00491.0E-6325801950.00092412CS

BCAP - Frequently Asked Questions (FAQ)

What is the current Baron Capital Enterprise (CE) share price?
The current share price of Baron Capital Enterprise (CE) is $ 0.0001
What is the 1 year trading range for Baron Capital Enterprise (CE) share price?
Baron Capital Enterprise (CE) has traded in the range of $ 0.000001 to $ 0.0008 during the past year

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BCAP Discussion

View Posts
Hi_Lo Hi_Lo 44 minutes ago
JAKE P. NOCH - BCAP CEO FRAUD PART II

https://www.vice.com/en/article/v7gmvd/spotify-sues-self-described-music-prodigy-who-allegedly-ran-royalties-scam

Spotify Sues Self-Described 'Music Prodigy' Who Allegedly Ran Royalties Scam

Spotify says Jake Noch "[generated] hundreds of millions of fraudulent streams" and engaged in "title track parasitism" among other fraudulent practices on its platform.

JC

By Jelisa Castrodale

May 19, 2020, 4:38pm

Last November, the 20-year-old head of indie hip-hop label Sosa Entertainment filed a massive (and massively complicated) lawsuit against Spotify, alleging that the digital music service hadn't paid royalties on more than 550 million streams of its songs. According to Billboard, Sosa Entertainment founder Jake Noch also named his other company, PRO Music Rights, as a plaintiff in the lawsuit, and the co-plaintiffs sought millions of dollars in damages, asking for $150,000 for each infringement.

Noch's lawsuit accused Spotify of a number of transgressions, including unfair and deceptive business practices, willfully removing Sosa Entertainment's content, "obliterating" his expectations, and refusing to pay royalties. In a statement, Noch said that he was willing to "fight to the end" if it meant that Spotify would ultimately compensate the artists who were affected.

"I have a duty to see this through so that I can pay my artists what they are owed from Spotify," he said. "I know others feel the same way as I blaze this trail for the music community, who I know is behind me and roots for our success in bringing down Spotify."

Part of Noch's problems with the company started in the spring of 2017 when Spotify removed all of Sosa Entertainment's song's from its servers and "blanket banned" Noch and his companies from using the platform going forward. According to Noch—who describes himself as a "musical prodigy" in his lawsuit—Spotify informed him that the songs were removed because of "abnormal streaming activity," but the company didn't give him the opportunity to explain what could've caused the weird-looking streaming data. Noch has alleged that Spotify just "fabricated a reason" to kick him off the platform, in an attempt to avoid having to pay the royalties that he was due.

But in its own countersuit, filed on Monday, Spotify says no, it was just because of the abnormal streaming, and also because Noch allegedly "designed a scheme to artificially generate hundreds of millions of fraudulent streams" in order to game the system and rack up a ton of royalty payments.

"Starting in 2016, Noch designed a scheme to artificially generate hundreds of millions of fraudulent streams on songs he had seeded on Spotify’s online music-streaming service," the company's complaint reads. "Noch’s objective was plain: to manipulate Spotify’s system to extract undeserved royalties at the expense of hardworking artists and songwriters."

Billboard reports that Spotify removed Noch's content from its platform after being contacted by a whistleblower who claimed that Noch had instructed a bot farmer to create literally millions of fake accounts to stream songs from the Sosa Entertainment catalog. Spotify's own analysts became suspicious when one of Noch's records went from zero streams to 400,000 in under a week, while a second album racked up 749,000 streams in two days. (Spotify also apparently determined that 5,500 of the accounts that played the latter record supposedly all lived in the same American town—even though the town's total population was just around 10,000 people.)

The company has also accused Noch of "title track parasitism," which involves uploading songs with the same name and punctuation of legitimate hit songs. Spotify's legal filing identified two "AI-generated sound loops" that had been given the same name as then-popular tracks by DJ Snake and XXXTentacion.

"This was one of the most egregious fraudulent streaming operations from a single rights holder that Spotify had to deal with in its company’s history," Spotify wrote in its complaint. The company's countersuit is asking for compensation for a long list of Noch's alleged transgressions, including fraud, fraudulent concealment, breach of contract, indemnification, unjust enrichment and deceptive business practices.

Damn, most 20-year-olds can only dream of being dragged that hard by an international streaming service. A musical prodigy, indeed.
👍️0
Hi_Lo Hi_Lo 45 minutes ago
JAKE P. NOCH - BCAP CEO FRAUD PART I

https://www.billboard.com/pro/spotify-indie-label-streaming-fraud-millions-fake-accounts-countersuit/

Spotify Countersues Indie Label, Alleging Massive Streaming Fraud & Millions of Fake Accounts

Spotify has countersued indie label Sosa Entertainment and its founder Jake Noch, alleging massive streaming fraud, unjust enrichment and the creation of millions of fake accounts to generate…

In November 2019, indie hip-hop label Sosa Entertainment and its founder, 20-year-old Jake Noch, filed a lawsuit against Spotify that alleged the streaming service failed to pay royalties on over 550 million streams of its music. The suit, which was also brought on behalf of Noch’s PRO Pro Music Rights (which was later removed), sought $150,000 in statutory damages for each infringement, and alleged that Spotify removed its music not because it detected “abnormal streaming activity,” as the service claimed, but because it was trying to dodge paying royalties on the streams.

Now, Spotify has fired back with a countersuit alleging that Noch “designed a scheme to artificially generate hundreds of millions of fraudulent streams” in order to “manipulate Spotify’s system to extract undeserved royalties at the expense of hardworking artists and songwriters.” The filing, which is supported by screenshots of messages allegedly between Noch and a “bot farmer” and charts that show streams on Noch’s music go from zero into the hundreds of thousands in a matter of days, also alleges that Noch directed the bot farmer to create millions of fake accounts and changed the names of songs in his catalog to closely resemble those of established hit songs, like XXXTentacion’s “SAD!” and DJ Snake’s “Taki Taki.”

Spotify has countersued indie label Sosa Entertainment and its founder Jake Noch, alleging massive streaming fraud, unjust enrichment and the creation of millions of fake accounts to generate…

BY DAN RYS

In November 2019, indie hip-hop label Sosa Entertainment and its founder, 20-year-old Jake Noch, filed a lawsuit against Spotify that alleged the streaming service failed to pay royalties on over 550 million streams of its music. The suit, which was also brought on behalf of Noch’s PRO Pro Music Rights (which was later removed), sought $150,000 in statutory damages for each infringement, and alleged that Spotify removed its music not because it detected “abnormal streaming activity,” as the service claimed, but because it was trying to dodge paying royalties on the streams.

Now, Spotify has fired back with a countersuit alleging that Noch “designed a scheme to artificially generate hundreds of millions of fraudulent streams” in order to “manipulate Spotify’s system to extract undeserved royalties at the expense of hardworking artists and songwriters.” The filing, which is supported by screenshots of messages allegedly between Noch and a “bot farmer” and charts that show streams on Noch’s music go from zero into the hundreds of thousands in a matter of days, also alleges that Noch directed the bot farmer to create millions of fake accounts and changed the names of songs in his catalog to closely resemble those of established hit songs, like XXXTentacion’s “SAD!” and DJ Snake’s “Taki Taki.”

Indie Hip-Hop Label Files Suit Against Spotify Over Catalog Takedown

Noch, who lists himself as the chief executive of Sosa and Pro Music Rights, as well as a handful of additional music companies, has quite the proud litigious history, having released several press releases touting lawsuits against Spotify, Apple, Google, YouTube, Amazon, SoundCloud, Pandora, Deezer, iHeartRadio and more. Pro Music Rights claims a database of some 2 million tracks, including more than 23,000 by various artists using some form of the name “LEGATO,” like LEGATO_DIMY, LEGATODE45, LEGATODI001, LEGATOGILL2002 and LEGATOKAL999, to name a few.

According to Spotify’s counterclaim, filed Monday (May 18), the service first detected artificial streaming activity on Noch’s content in March 2016 and eventually banned his music from the service, before extending that ban to all content related to Noch. Noch then tried to “smuggle” the content back onto the service using slightly different names and created millions of fake accounts to stream that music.

In June 2016, a whistleblower contacted Spotify with screenshots that purported to show Noch directing the person to create millions (direct quote: “i need millions”) of fake accounts. And while Spotify had identified the fraud a few months prior, the company had already paid a small amount of royalties to Sosa and Noch — royalties that otherwise would have gone to legitimate songwriters with songs being streamed by legitimate fans. According to the complaint, for one of Noch’s albums that jumped from zero streams to more than 400,000 in just days, 99% of its streams came from Spotify’s ad-supported free tier and from accounts registered to male users in the United States, a pattern that was also found for other works.

Noch then changed distributors and changed the names of some of his companies in order to dodge Spotify’s fraud detection systems, with slightly different artist names, song titles and cover artwork. In one section of the complaint, attorneys wrote that “analysts at Spotify found that 5,500 ‘users’ streaming one of the Sosa albums ‘originated’ from a small American town with a total population of 10,000. For that album, the stream count jumped from zero to 749,000 streams in a span of only two days… This pattern is highly anomalous and not at all correlated to any possible pattern of genuine streaming activity.”

In another example from the complaint, in what the filing calls “title track parasitism,” Noch and Sosa uploaded tracks called “SAD!” with the same punctuation as the XXXTentacion hit, and “Taki Take,” shortly after the similarly-named DJ Snake song reached the top 20 of the Billboard Hot 100. Some of the tracks that Noch and Sosa would release on Spotify were AI-generated sound loops.

In all, Spotify’s counterclaim seeks relief for fraud, fraudulent concealment, breach of contract, indemnification, unjust enrichment and deceptive business practices. As another line in the complaint reads, “This was one of the most egregious fraudulent streaming operations from a single rights holder that Spotify had to deal with in its company’s history.”

After the publication of this story, Noch provided a comment to Billboard which reads, in part, “Spotify’s claims are laughable… I also greatly look forward to the day we get to go to court, and I hope that all of Spotify’s shareholders will pay close attention to these cases… Time will prove that we are right.”
👍️0
Acme Investments Acme Investments 2 hours ago
Jake is showing immense Growth!! You don't just throw a ticker out there to fail to please anyone!! If you're a shareholder the goal is to make money not rush a ticker for it to Flop!!
🤣 1
getmoreshares getmoreshares 5 hours ago
Within the next 3-6 weeks,
👍️ 1
Lime Time Lime Time 6 hours ago
He's working on it still. CEO has huge money invested here.
👍️ 2
getmoreshares getmoreshares 6 hours ago
However with all of that being said We’re thrilled to announce that we’re on track to get the company back in full swing! Within the next 3-6 weeks, we’re confident that we’ll have an exciting revenue-generating venture up and running. Get ready for some amazing developments!6/6
👍️ 1 🤣 1
getmoreshares getmoreshares 6 hours ago
We had a meeting today with a financial institution in India to discuss the potential launch of our HFT derivative arbitrage strategy. They will assist us in exploring the regulatory framework, allowing us to leverage our strategy in the Indian derivative market. 1/6
The upcoming launch in India's derivatives market will not interfere with the strategy's launch in the US derivatives market. Additionally, we are exploring the possibility of launching the strategy in the Eurozone, Australia, Nigeria, and the Asia-Pacific markets among other2/6
Derivative & equity markets globally. While we do not plan to launch in other asset class on day one, we see great potential in expanding the strategy to other asset classes that also have underlying derivatives to trade. 3/6
For shareholders curious about why we haven't yet restored the company to Pink Current status, the answer is simple and straightforward. We want to have an operating company from day one when trading resumes. Without tangible value to offer shareholders, any transition 4/6
would not be beneficial. Additionally, we want to time the restoration of trading via Pink current status to coincide with a more bullish global Macro environment. The heightened market volatility affects liquidity, so we aim for the most successful revitalization possible. 5/6
However with all of that being said We’re thrilled to announce that we’re on track to get the company back in full swing! Within the next 3-6 weeks, we’re confident that we’ll have an exciting revenue-generating venture up and running. Get ready for some amazing developments!6/6
👍️ 2 🤣 1
SCAMBUSTERKING SCAMBUSTERKING 7 hours ago
BAHAHAHAHAHAHA.... breaths.... BAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAH

For shareholders curious about why we haven't yet restored the company to Pink Current status, the answer is simple and straightforward. We want to have an operating company from day one when trading resumes. Without tangible value to offer shareholders, any transition 4/6— Sunset Trading Group LTD. (@Sunset_TG) April 26, 2025

👍️0
Gladiator 83 Gladiator 83 1 day ago
🤑💥🚀🤑
👍️ 3 🗑️ 1 😎 2 🙄 1 🤥 1
Hi_Lo Hi_Lo 2 days ago
Too bad there will always be someone who has failed in life that wants to pull down others!!
You mean like a lying pumper as yourself and and master scammer and fraud of a CEO like Jake P. Noch?

Yeah, too bad.
🎯 1 👍️ 2 💯 1
SCAMBUSTERKING SCAMBUSTERKING 3 days ago
Any progress? So far, still hasn't done ANYTHING. Trading by Jan right? He doesn't even have access to OTCM. 😂
🎯 2 👍️ 3 💯 1
Lime Time Lime Time 4 days ago
Been about a year now. Good things take time 🚀
👍️ 4 👎️ 2 💸 1 🗑️ 1 😎 3
getmoreshares getmoreshares 1 week ago
$50 in vol-- most peeps cannot buy
👍️ 1 🙄 1 ☠️ 1
tdbowieknife tdbowieknife 1 week ago
Scams R us...

.


Watch your wallet


Buyer Beware
Pump and Dump



..
🎯 1 💯 1
Gladiator 83 Gladiator 83 2 weeks ago
🤑💥🚀🤑
👎️ 1 🗑️ 1 😎 1 🚀 2
SCAMBUSTERKING SCAMBUSTERKING 2 weeks ago
He'll have $6m worth, freshly minted, to dump on your heads 😂
👍️ 1 ✔️ 1
SCAMBUSTERKING SCAMBUSTERKING 2 weeks ago
Lol! Everyone celebrating the same news on repeat like something has changed 😂 every fee months hes going to say the same thing like something new happened.
🎯 1 💯 1
Lime Time Lime Time 2 weeks ago
This will be a huge runner. CEO has COMMON SHARES here. About half a million worth. Get in early.
👍️ 1 👎️ 1 💸 1 🔥 1 🚀 1
Acme Investments Acme Investments 2 weeks ago
I can tell you the results early!! Straight to the trash bin!! Lol 😂
👎️ 1
getmoreshares getmoreshares 2 weeks ago
PROOF its happening-- when some said it never could!
👍️ 3
JMoneyHoops JMoneyHoops 2 weeks ago
$BCAP Filings should be imminent now https://t.co/WlwB5by30W— JMoney💸 (@jmoney_hoops) April 15, 2025
👍️ 3
Lime Time Lime Time 2 weeks ago
Oh sugar shit. Thanks. Good update. Let the good times roll 🚀
👍️ 2 👎️ 1 💸 1 🚀 2
getmoreshares getmoreshares 2 weeks ago


👍️ 1 🔥 1 🚀 1
getmoreshares getmoreshares 2 weeks ago
Dear Baron Capital Enterprise, Inc. (OTC: $BCAP) Shareholders,

We are pleased to announce that the courts have officially approved the 3(a)(10) arrangement. With this approval, we can now proceed at full speed.

Thank you for your continued support. pic.twitter.com/G7FsHrvAwV— Sunset Trading Group LTD. (@Sunset_TG) April 14, 2025
🔥 1 🚀 1
SCAMBUSTERKING SCAMBUSTERKING 2 weeks ago
Great, now that I know he trying to register with FINRA I just sent in a BANGER complaint. lol. This will be fun.
👍️ 1 🫡 1
Lime Time Lime Time 2 weeks ago
Change Sunset to Sunrise 😆
👍️ 1 😎 1
getmoreshares getmoreshares 2 weeks ago
thanks-- missed the tweet!
👍️ 1
Pink Lady Pink Lady 2 weeks ago
$BCAP Update: Baron Capital Enterprise, Inc., which had previously planned to rebrand as Sunset Trading Group, LTD., may need to select a different name for its Broker-Dealer registration. Shareholders are encouraged to share their suggestions for a new name in the comments below— Sunset Trading Group LTD. (@Sunset_TG) April 10, 2025
👍️ 2 😎 1
NovaMarauder87 NovaMarauder87 2 weeks ago
>>>i am an european citizen and we hate that guy and everything he stands for (lies,lies and more lies).

Operative phrase "european citizen".

#1) You have no influence over our elections; so, it matters not how you feel about our President....nor does anyone care here. I'm not particularly fond of yours either...but, it doesn't matter. I cannot, nor would I meddle with or comment on your country's election process....and really don't care. The United States is a superpower on the world stage

#2) The majority of American citizens as well as the majority of the Electoral College voted for him. So, again, your opinion about Trump has no weight here in either the United States or this board. My recommendation to you would be, as an outsider, to leave politics out.
👍️0
Walter4 Walter4 2 weeks ago
👍️0
SCAMBUSTERKING SCAMBUSTERKING 3 weeks ago
You know who the slowest is? Jake. Months behind on promises, almost like he and his idiot lawyer have no clue what they're doing.
👍️ 1 🤔 1
Acme Investments Acme Investments 3 weeks ago
These guys are slow!! One spends his time chasing around a young man trying to figure it out and the other posts on boards after they run pretending he made money!! 100K was easy Money during that run and common sense would say reinvest!!
👍️ 3 👎️ 1 💸 1
P-Rawl P-Rawl 3 weeks ago
1. What Are Their Plans?
BCAP (soon to be Sunset Trading Group) plans to:

work closely with the Jake P. Noch Family Office
Well, obviously Jake being CEO and sole operative of BCAP will work closely with another of his aliases, The Jake P. Noch Family Office. BCAP, Sunset Trading Group, The Jake P. Noch Family Office, Pro Music Rights, Music Licensing Inc. are all just Jake so there's no way they cannot work closely together.
👍️ 1 🤔 1
Hi_Lo Hi_Lo 3 weeks ago
JAKE P. NOCH - BCAP CEO FRAUD PART II

https://www.billboard.com/pro/spotify-indie-label-streaming-fraud-millions-fake-accounts-countersuit/

Spotify Countersues Indie Label, Alleging Massive Streaming Fraud & Millions of Fake Accounts

Spotify has countersued indie label Sosa Entertainment and its founder Jake Noch, alleging massive streaming fraud, unjust enrichment and the creation of millions of fake accounts to generate…

In November 2019, indie hip-hop label Sosa Entertainment and its founder, 20-year-old Jake Noch, filed a lawsuit against Spotify that alleged the streaming service failed to pay royalties on over 550 million streams of its music. The suit, which was also brought on behalf of Noch’s PRO Pro Music Rights (which was later removed), sought $150,000 in statutory damages for each infringement, and alleged that Spotify removed its music not because it detected “abnormal streaming activity,” as the service claimed, but because it was trying to dodge paying royalties on the streams.

Now, Spotify has fired back with a countersuit alleging that Noch “designed a scheme to artificially generate hundreds of millions of fraudulent streams” in order to “manipulate Spotify’s system to extract undeserved royalties at the expense of hardworking artists and songwriters.” The filing, which is supported by screenshots of messages allegedly between Noch and a “bot farmer” and charts that show streams on Noch’s music go from zero into the hundreds of thousands in a matter of days, also alleges that Noch directed the bot farmer to create millions of fake accounts and changed the names of songs in his catalog to closely resemble those of established hit songs, like XXXTentacion’s “SAD!” and DJ Snake’s “Taki Taki.”

Spotify has countersued indie label Sosa Entertainment and its founder Jake Noch, alleging massive streaming fraud, unjust enrichment and the creation of millions of fake accounts to generate…

BY DAN RYS

In November 2019, indie hip-hop label Sosa Entertainment and its founder, 20-year-old Jake Noch, filed a lawsuit against Spotify that alleged the streaming service failed to pay royalties on over 550 million streams of its music. The suit, which was also brought on behalf of Noch’s PRO Pro Music Rights (which was later removed), sought $150,000 in statutory damages for each infringement, and alleged that Spotify removed its music not because it detected “abnormal streaming activity,” as the service claimed, but because it was trying to dodge paying royalties on the streams.

Now, Spotify has fired back with a countersuit alleging that Noch “designed a scheme to artificially generate hundreds of millions of fraudulent streams” in order to “manipulate Spotify’s system to extract undeserved royalties at the expense of hardworking artists and songwriters.” The filing, which is supported by screenshots of messages allegedly between Noch and a “bot farmer” and charts that show streams on Noch’s music go from zero into the hundreds of thousands in a matter of days, also alleges that Noch directed the bot farmer to create millions of fake accounts and changed the names of songs in his catalog to closely resemble those of established hit songs, like XXXTentacion’s “SAD!” and DJ Snake’s “Taki Taki.”

Indie Hip-Hop Label Files Suit Against Spotify Over Catalog Takedown

Noch, who lists himself as the chief executive of Sosa and Pro Music Rights, as well as a handful of additional music companies, has quite the proud litigious history, having released several press releases touting lawsuits against Spotify, Apple, Google, YouTube, Amazon, SoundCloud, Pandora, Deezer, iHeartRadio and more. Pro Music Rights claims a database of some 2 million tracks, including more than 23,000 by various artists using some form of the name “LEGATO,” like LEGATO_DIMY, LEGATODE45, LEGATODI001, LEGATOGILL2002 and LEGATOKAL999, to name a few.

According to Spotify’s counterclaim, filed Monday (May 18), the service first detected artificial streaming activity on Noch’s content in March 2016 and eventually banned his music from the service, before extending that ban to all content related to Noch. Noch then tried to “smuggle” the content back onto the service using slightly different names and created millions of fake accounts to stream that music.

In June 2016, a whistleblower contacted Spotify with screenshots that purported to show Noch directing the person to create millions (direct quote: “i need millions”) of fake accounts. And while Spotify had identified the fraud a few months prior, the company had already paid a small amount of royalties to Sosa and Noch — royalties that otherwise would have gone to legitimate songwriters with songs being streamed by legitimate fans. According to the complaint, for one of Noch’s albums that jumped from zero streams to more than 400,000 in just days, 99% of its streams came from Spotify’s ad-supported free tier and from accounts registered to male users in the United States, a pattern that was also found for other works.

Noch then changed distributors and changed the names of some of his companies in order to dodge Spotify’s fraud detection systems, with slightly different artist names, song titles and cover artwork. In one section of the complaint, attorneys wrote that “analysts at Spotify found that 5,500 ‘users’ streaming one of the Sosa albums ‘originated’ from a small American town with a total population of 10,000. For that album, the stream count jumped from zero to 749,000 streams in a span of only two days… This pattern is highly anomalous and not at all correlated to any possible pattern of genuine streaming activity.”

In another example from the complaint, in what the filing calls “title track parasitism,” Noch and Sosa uploaded tracks called “SAD!” with the same punctuation as the XXXTentacion hit, and “Taki Take,” shortly after the similarly-named DJ Snake song reached the top 20 of the Billboard Hot 100. Some of the tracks that Noch and Sosa would release on Spotify were AI-generated sound loops.

In all, Spotify’s counterclaim seeks relief for fraud, fraudulent concealment, breach of contract, indemnification, unjust enrichment and deceptive business practices. As another line in the complaint reads, “This was one of the most egregious fraudulent streaming operations from a single rights holder that Spotify had to deal with in its company’s history.”

After the publication of this story, Noch provided a comment to Billboard which reads, in part, “Spotify’s claims are laughable… I also greatly look forward to the day we get to go to court, and I hope that all of Spotify’s shareholders will pay close attention to these cases… Time will prove that we are right.”
👍️ 1 ✔️ 1
Hi_Lo Hi_Lo 3 weeks ago
JAKE P. NOCH - BCAP CEO FRAUD PART I

https://www.vice.com/en/article/v7gmvd/spotify-sues-self-described-music-prodigy-who-allegedly-ran-royalties-scam


Spotify Sues Self-Described 'Music Prodigy' Who Allegedly Ran Royalties Scam

Spotify says Jake Noch "[generated] hundreds of millions of fraudulent streams" and engaged in "title track parasitism" among other fraudulent practices on its platform.

JC

By Jelisa Castrodale

May 19, 2020, 4:38pm

Last November, the 20-year-old head of indie hip-hop label Sosa Entertainment filed a massive (and massively complicated) lawsuit against Spotify, alleging that the digital music service hadn't paid royalties on more than 550 million streams of its songs. According to Billboard, Sosa Entertainment founder Jake Noch also named his other company, PRO Music Rights, as a plaintiff in the lawsuit, and the co-plaintiffs sought millions of dollars in damages, asking for $150,000 for each infringement.

Noch's lawsuit accused Spotify of a number of transgressions, including unfair and deceptive business practices, willfully removing Sosa Entertainment's content, "obliterating" his expectations, and refusing to pay royalties. In a statement, Noch said that he was willing to "fight to the end" if it meant that Spotify would ultimately compensate the artists who were affected.

"I have a duty to see this through so that I can pay my artists what they are owed from Spotify," he said. "I know others feel the same way as I blaze this trail for the music community, who I know is behind me and roots for our success in bringing down Spotify."

Part of Noch's problems with the company started in the spring of 2017 when Spotify removed all of Sosa Entertainment's song's from its servers and "blanket banned" Noch and his companies from using the platform going forward. According to Noch—who describes himself as a "musical prodigy" in his lawsuit—Spotify informed him that the songs were removed because of "abnormal streaming activity," but the company didn't give him the opportunity to explain what could've caused the weird-looking streaming data. Noch has alleged that Spotify just "fabricated a reason" to kick him off the platform, in an attempt to avoid having to pay the royalties that he was due.

But in its own countersuit, filed on Monday, Spotify says no, it was just because of the abnormal streaming, and also because Noch allegedly "designed a scheme to artificially generate hundreds of millions of fraudulent streams" in order to game the system and rack up a ton of royalty payments.

"Starting in 2016, Noch designed a scheme to artificially generate hundreds of millions of fraudulent streams on songs he had seeded on Spotify’s online music-streaming service," the company's complaint reads. "Noch’s objective was plain: to manipulate Spotify’s system to extract undeserved royalties at the expense of hardworking artists and songwriters."

Billboard reports that Spotify removed Noch's content from its platform after being contacted by a whistleblower who claimed that Noch had instructed a bot farmer to create literally millions of fake accounts to stream songs from the Sosa Entertainment catalog. Spotify's own analysts became suspicious when one of Noch's records went from zero streams to 400,000 in under a week, while a second album racked up 749,000 streams in two days. (Spotify also apparently determined that 5,500 of the accounts that played the latter record supposedly all lived in the same American town—even though the town's total population was just around 10,000 people.)

The company has also accused Noch of "title track parasitism," which involves uploading songs with the same name and punctuation of legitimate hit songs. Spotify's legal filing identified two "AI-generated sound loops" that had been given the same name as then-popular tracks by DJ Snake and XXXTentacion.

"This was one of the most egregious fraudulent streaming operations from a single rights holder that Spotify had to deal with in its company’s history," Spotify wrote in its complaint. The company's countersuit is asking for compensation for a long list of Noch's alleged transgressions, including fraud, fraudulent concealment, breach of contract, indemnification, unjust enrichment and deceptive business practices.

Damn, most 20-year-olds can only dream of being dragged that hard by an international streaming service. A musical prodigy, indeed.
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Pink Lady Pink Lady 3 weeks ago
i can send you a screenshot of my transactions as proof
but everyone here at this board knows that i tell the truth.
And no i didn't vote for trump....
i am an european citizen and we hate that guy and everything he stands for (lies,lies and more lies).
he is corrupt, the greatest criminal and you made him president..... ☹️
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TrendTrade2016 TrendTrade2016 3 weeks ago
AND I'M BRAD PITT DID YOU VOTE FOR TRUMP
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Pink Lady Pink Lady 3 weeks ago
no i bought back in: i made 100k and kept 80k i bought back in at 0.0001 with 20k..... so free shares, i am ready for the ride!! are you? easiest money to make at the OTC
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TrendTrade2016 TrendTrade2016 3 weeks ago
BUT YOU ARE STILL HOLDING IT LMAO... CLOWNS LIKE YOU ARE LOST
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Pink Lady Pink Lady 3 weeks ago
we made already tons of money here with BCAP: it went from 0.0001 to 0.0045 in 2021 that is 4500 %!! and from 0.0001 to 0.0009 in april 2024 that's 900%...... and guess what : it is april again so i expect a big rise in PPS.... Let's go!!!
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TrendTrade2016 TrendTrade2016 3 weeks ago
STILL DREAMING LOSER...YOU WILL NEVER GET YOUR MONEY BACK
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Pink Lady Pink Lady 3 weeks ago
🧩 1. What Are Their Plans?
BCAP (soon to be Sunset Trading Group) plans to:

undergo a rebranding

focus on ultra-high-frequency trading (UHFT)

pursue strategic investments

work closely with the Jake P. Noch Family Office

UHFT is a niche market with high potential returns, but also intense competition and regulatory scrutiny.

📈 2. Scenario-Based Valuation – Future Potential
Let’s look at three scenarios based on potential yearly net profit and typical price-to-earnings (P/E) ratios:

Scenario Annual Profit ---- Estimated P/E ---- Market Cap (USD)
⚠️ Low-End $200,000 ----- 10 ----- $2 million
📈 Moderate $1 million ---- 15 ---- $15 million
🚀 Ambitious $5 million ---- 20 ---- $100 million
These projections are not unrealistic if:

they scale up their trading tech successfully

secure reliable clients (e.g., family offices)

rebrand effectively and build market trust

💬 What This Means for Shareholders:
Let’s say BCAP eventually reaches a $50 million valuation:

4,000,000,000 shares outstanding = $0.0125 per share

current price = $0.0002 ? this would be a 60x increase

Of course, this assumes no major dilution and that their plans actually materialize. But it shows the upside potential, even from a current ~$800,000 market cap.
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Acme Investments Acme Investments 3 weeks ago
Now you know why people who think on my level have secretaries!! Let's test your cognitive skills!! There's a Tequila called casamigos!! The main advertisement has George Clooney and Brad Pitt on it!! Tell me what's wrong with the picture and then we will go to the next step!! If any of your cronies can figure it out they're welcome to join the conversation!!
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getmoreshares getmoreshares 3 weeks ago
profit takers on TWOH- it is a monster
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SCAMBUSTERKING SCAMBUSTERKING 3 weeks ago
Accurate, the OS will indeed skyrocket.
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Gladiator 83 Gladiator 83 3 weeks ago
The next TWOH is here and it's called BCAP, it's time to buy cheap shares because this will skyrocket.
🤑💥🚀🤑
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Walter4 Walter4 3 weeks ago
No rope, all dope.
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SCAMBUSTERKING SCAMBUSTERKING 3 weeks ago
Fearless leader

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WarMachine WarMachine 3 weeks ago
*technique AKA SCAMMING NEWBIES
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Gladiator 83 Gladiator 83 3 weeks ago
🤑💥🚀🤑
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