TAMPA, Fla.--(BUSINESS WIRE)--Scamnetic, Inc. today announced it is dropping its trade secret claims against BlackCloak and will instead focus on expanded allegations of false advertising. The decision follows comprehensive document and testimonial discovery from BlackCloak executives, including a review of BlackCloak’s software during the litigation. This discovery revealed a stark contrast between BlackCloak’s offering and Scamnetic’s own market-leading identity verification platform, IDeveryone.
Scamnetic’s proposed amended complaint alleges that BlackCloak’s identity product does not function as publicly claimed, in violation of the Lanham Act and the Florida Deceptive and Unfair Trade Practices Act, and it cites the specific misrepresentations BlackCloak has made and continues to make about its product’s capabilities.
IDeveryone is Scamnetic’s innovative identity verification solution, designed to help consumers securely confirm the identities of unknown individuals online. Developed by Scamnetic’s co-founders with decades of experience in identity verification and scam prevention, IDeveryone empowers people to protect themselves across digital marketplaces, dating sites, and more.
“Our mission remains steadfast: to provide real identity-verification tools that help everyday people guard against scammers,” Scamnetic CEO and co-founder Al Pascual said.
About Scamnetic
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