I have been watching these guys for several years as I lost my life savings as well. I think I should do something to help other people looking at this company.
I was sucked into the Compound Stock Earnings scam by listening to their Radio Programmes and paid $2500 to attend a seminar in Dallas. I also spent a lot of money on personal tutoring with Joseph Hooper and when stocks fell all he had to say was "be patient" - they will eventually come up! With leaps when stocks drop you lose most of the premium and they eventually expire worthless. It is a very dangerous and risky strategy.
I then found out about the other people that were losing money just like me and I felt really stupid that i fell for the scam. I have no job and now no money left because my stocks never came up and most of the leaps expired worthless. So much for being patient. No one I know has made any money with CSE. This is so difficult to do when have to explain to your family that you have lost everything.
I have been trying to get some money back from them but they just ignore your emails saying "you did not follow the system" They never talked about the RISKS in investing in covered calls and also that 5% per week is virtually impossible to get this return regularly.
I was just looking at the great income potential for my family and this is a warning to anyone trying to invest with Compound Stock Earnings as I am now paying for it - no savings and no job
Please check the internet and google "compound stock earnings" - and do your research - this company is bad news and also all their Radio Programmes are PAID ADVERTISING by the company - that gives them credibility with people that do not know that anyone can get a radio programme like this if they can pay for it.
I have also complained to the ATTORNEY GENERAL in Houston and I guess with all the other scams and ponzi schemes going on they have a lot of things to deal with at the moment.in the mean time these guys will continue to scam the elderley and people who have no jobs and are trying to survive the credit crunch.
This Scam is a copy of Wade Cook and his scams - he has been jailed now and I would love to see these guys in Jail - they have ruined so many lives and families by making these false claims to feed their greed.
On top of all that it is alleged in other posts that they are not even paying any taxes on the millions they are making from the scams. I think the IRS needs to wake up and take these guys out. I think the best way to get back at these guys is for more people to complain to the Attorney General, FTC, SEC and the IRS so that they are forced to take action as most people cannot afford the legal fees to file individual complaints to claim back the seminar fees and loses suffered. These guys have been hiding behind lawyers with dodgy reputations.
You must take action now to stop these guys - file a claim today and get yoru seminar fees back - or report them to the Attorney General in your state.
Good Luck
Michael
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