Brett Fogle and 'Forex - Joe' Atkins sold costly trading software to nearly a thousand people last year - with the promises of a 'lifetime' of service to access this software over the web.By years end, they had realized a better strategy was to form a new company - Mastery Products, LLC and shift all assets and liabilities to the new company, and further insulate themselves from what was to be imminent implosion.
This costly software sold from $2000 - $3500, and additional fees of up to $300 / month were collected for classroom training to learn how to operate the trading software. Add in dozens of more customers who paid for personal coaching from $7500 to over $20000, and the one-year income from this one endeavor totals into the millions.
Now, makes me wonder how a multi-million dollar operation dissolves after only operating 5 months this year, shuts their software servers down and leaves nearly 1000 purchasers out of the product they've purchased with the 'lifetime' of service rights. The decision to shut this company down and cease servicing customers was announced on May 31 - however, the decision to close the company bank account and withdraw all funds appears to be the first order of business, as the bank accounts of this corporation were closed on May 26, leaving all creditors unpaid as of that date.
In a webinar last week - 'Forex Joe' Atkins appeared to give his blessing to a questioner who offered the notion of a possible 'class-action' lawsuit, when Joe replied - Good Luck with that!
So with Mr Atkins blessing, it appears time to take action.
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