From today's (April 21) Globe and Mail:
"A pair of British twins who as teenagers claimed their stock-picking robot could unearth penny stocks ready to soar were sued on Friday by the U.S. Securities and Exchange Commission, which called the robot fake and the twins fraud real.
"The SEC said Alexander John Hunter and Thomas Edward Hunter, who ran the now defunct Global Marketing Corp, defrauded more than 75,000 investors who paid more than $1.2-million (U.S.) to learn about the picks by the
robot, dubbed 'Marl.'"
The full story is at:
Http://www.theglobeandmail.com/report-on-business/international-news/british-teen-twins-faked-robot-in-stock-fraud-us-sec-alleges/article2409298/
The boys had big fun at the expense of others. They made money two ways. First, through selling their newsletter touting the robot's picks, along with a "home version" of the software they made $1.2-million. Second, they were paid $1.86-million to promote stocks through Equitypromoter.com.
Congratulations to the first poster who pointed out the warning signals about Day Trading Robot. You were right.
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