There is no "Arlington Group." This is the name of Robert Gruntz's latest scam. His previous schemes include "The Eastridge Group, " "John Martin Racing, " and several others. He has many investors that have given him large sums of money to trade in their stock trading accounts via a power of attorney. He is actively trading stocks and options in these accounts. He holds seminars to recruit new members and charges a non-refundable fee of $15,000 or more to join. He entices these new members by advocating great returns, safety of your principle, and little or no taxes owed to the government. He has also directed investors to purchase ranches in Oregon, yachts in Florida, airplanes, and other expensive items which he controls and uses to entice new investors.
The Arlington Group has no business license, no listing in the phone book, no incorporation, no checking account. Robert Gruntz has no credentials, no tax preparer's license, no brokers license, no city/state license. He charges investors 25% to 33% of any trades in which he claims there is a profit. He funnels this money through his aunt's accounts. Robert Gruntz has a shady history including many current and past lawsuits, bankruptcy, poor credit, judgments, and 2 known convictions.
BE WARNED. Eventually, investors lose hundreds of thousands of dollars. Other people involved are known as Rabbi Steven J. Newman, Mike & Linda Nielsen and others.
If you do not want to lose your life savings, or get in trouble with the IRS, do not get involved with this man!
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