Back in the mid 1990's Fontanills had partnered with an individual by the name of Brian McCahrey on the floor of the AMEX trading monies they received from investors. (I happen to know one of the investors) The reason Fontanills does not advertise this is because he and Mr. McCahrey were ousted out of the exchange. Turns out Mr. McCahrey had embezzled several million from their clients and was sent to Club Fed for a few years. Mr. Fontanills got off because he pulled a Sergeant Schultz (I see nothing, I hear nothing, I know nothing). Even if that was the situation it was very irresponsible for Mr. Fontanills to take monies from investors and leave it in the hands of someone like Mr. McCahrey and not keep track of where the money was flowing into (which in this case was Mr. McCahrey's pockets). Fontanills should have been more active in keeping an eye on the accounts which he obviously wasn't. How can he call himself a trading guru when it was Mr. McCahrey who was handling the trading accounts? Consequently, they filed for bankruptcy and many of their clients never saw any of the monies that were entrusted into their hands. I wonder if any of them ever made their money back with the Optionetics' trading method?
Many of Fontanills' shills claim he makes a lot of money; however, they fail to mention how much he has lost for his clients and himself. Point in fact; it turns out to be millions.
If anyone is interested in taking his seminars good luck!!! This guy is only a guru of the seminar circuit. His Optionetics infomercials are not to far off from Tom Vu (for those of you who don't know who Tom Vu is, he's a real estate seminar guru who ended up going to jail for fraud) the only difference is that Fontanills can't get any of the babes in bikini's to stand next to him.
By the way, by whose standard is this guy rated a Guru? When I read on the Optionetics advertisements that Fontanills is revered across the nation, and around the world, as a leading authority in high profit, risk controlled investing I almost fell off my seat in laughter. Most people haven't even heard of him. He must be famous in his own mind. Who writes this crap? It must be the same morons who wrote for Tom Vu's advertisements. I know of individuals that lost all their money trading options and these were experienced traders who held seats at the exchanges in New York. If he is such an authority wouldn't you think that he would have controlled his risk with Brian McCahrey and the brokerage firms that have sued him and won? So much for being an authority on risk control and high profit. The only profit he makes is from suckers who buy into his courses. As Jim Cramer states in his latest book Real Money the types of guys in Fontanills' business are all charlatans. At least we know that Jim Cramer has in fact made himself and his clients very wealthy. We see results and actual reports with Mr. Cramer. All we get from Optionetics are claims which have never been substantiated.in fact if you read their disclaimers (which are in very small print) they actually state that these testimonies (which are probably made by friends, relatives, and business associates) have not been verified. These disclaimers are what keep them from getting sued and put out of business by the CFTC and FTC. Unfortunately, the government, allows them to lie to you and there is nothing you can do about it because of these disclaimers. If you want to build wealth follow reputable people, not so called guru's that make unsubstantiated claims. As you can see by all the negative entries (as the positive ones have never been validated) that there is no such thing as high-profit, low risk trading. If anyone believes that then you might as well believe the World is flat.
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