If anybody has been to one of their workshops, you will know that they run a pretty calm and collected scam. It's true, THESE PEOPLE ARE SALES PEOPLE! They're not your friends, they're not out to help you... THEY ARE THERE TALKING TO YOU TO TAKE YOUR MONEY! If you don't believe me, read the following disclaimer that they put at the bottom of their HOMEPAGE on the internet:
* The company's products are for educational purposes only, and are provided with the understanding that the company is not a registered investment advisor and nothing herein shall be construed as a solicitation and/or recommendation to buy or sell any financial instruments. Stocks and Options trading have large potential rewards but also involve large potential risks. One must be aware of the risks and be willing to accept them in order to invest in the stock and options markets. Our curriculum is avocational in nature and is intended for the purpose of the accumulation of wealth by, and the personal enrichment, development and enjoyment of, our students. Testimonial results are not typical, as each student's success depends upon the unique skills, time commitment, and individual effort of each student. The students sharing their stories have taken various advanced trainings, each at a cost of approximately $4,990, to achieve these results. Discounts are offered for courses purchased as a package. The students may have been reimbursed for travel and lodging expenses but not otherwise compensated. Additional products and services will be offered for sale.
With that being said, these people have NO BUSINESS teaching anybody how to trade stocks. They're not qualified, they have no certification, and they basically provide this alibi to make sure that they don't get sued.
So, if you're curious about what happened to me, I can tell you: I went to a workshop and signed up for the "Advanced" training workshop which was running $199.99 (back in 2006). I specifically asked the guy who "signed me up" if I would be asked to EVER pay anything ever again after this "Advanced Training" was over with... And he said, "No." I asked if they were going to try to "sell me something else" at the next "Advanced" Training and he said, "No." THIS IS A LIE!
See, each "Advanced" Training session is just another sales call. The scam is that they keep bringing you back and they never teach you ANYTHING! They just take your money. They don't offer you a product that you can use... But they keep talking about it. They make it sound like you're the biggest fool in the world if you don't keep coming back.
So, did I lose the $199.99? Absolutely NOT! After my scam pitch... I mean, the "sales pitch" that they presented me with... I immediately went home and did a little research because this sounded too good to be true. And, that's because it was too good to be true. I read other people's personal stories about how they got swindled by these frauds. But, I wanted to be sure, so I called the customer service center in Murray, UT where these clowns are from and I asked the same questions that I asked the guy that signed me up. He basically confirmed my theory about being swindled and told me that it would be "IMPOSSIBLE" to effectively use the Stock Tracking Tool WITHOUT going to more courses (in addition the one that I had just paid for at $199.99). The next training was going to cost me over $4,000. What a crock. That was ABSOLUTELY NOT WHAT I WAS TOLD! So, after learning that it was all a scam on the internet, I went back to the hotel where I saw the "pitch" and I demanded my money back. They kept trying to sell me that this was the greatest thing ever. I pointed out how the guy who "signed me up" had lied to me and I continued to demand my money back. I told them that I was going to stand there at the entrance to the hotel and tell everybody that came out that they just got suckered by these guys. FINALLY, they refunded my money.
Oh, and I got the ENTIRE conversation on tape. I have a tape of the call that I made to their headquarters in Utah... And I have a tape of the conversations that I had when I went back to the hotel and confronted these cowardly thieves. Basically, they admitted that they lied in their sales pitch.
So, here you are... You're probably reading this because YOU just paid the entry fee to attend the next sales workshop, right? Well, for your sake, I hope that you attended on the first day of the seminar in your city... And I hope that they are still there. I hope that you're reading this fast enough so that you can GO BACK and DEMAND your money back IMMEDIATELY! DO NOT TAKE "NO" FOR AN ANSWER.
And, what if they've already left your city? Well, odds are that you're pretty much out of luck. For every dirty sales rep, there are usually ten or fifteen dirty lawyers out there backing him or her up to make sure that they do not break the law. Unfortunately, these people are not only crooks, but they're smart crooks. They've been fined, taken to court, and even lost some of their court cases with the SEC... But they're still out there. You just fell for their scam. I'm sorry, but you're best off simply calling the customer service hotline and cancelling your subscription, membership or whatever else they've called it. Just get out now. Do not go to the next seminar. If you do, you're only going to get more angry than you are right now.
May the Force Be With You!
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