I would like to count my recent experience with Mr David Scott of Salt Lake City, Utah, USA. I had bought the Forex robot " FAP Turbo " just before the New Year, around Dec. 27 2010.
Around the 7th of Jan. I get a phone call from a person by the name of Taylor (Tel 801-293-3465 ext. 214). He asks me how about FAP Turbo, is it making money, etc. Leads me to believe that it is a follow up courtesy call from the makers of FAP Turbo to see how everything doing, am I happy with the product, etc. He then starts talking about my goals in life, where I want to be financially in 3 yrs. Time, etc. He gets me to write down my goals, he sounds really sincere. He then explains that he is looking for a few select students to become part of a Forex mentoring team. Long story short, after more than an hour on the phone with Taylor, I get approved for the next level of qualification & will speak to Mr. David Scott the next day.
Mr David Scott bells me the next day. He starts with how they are looking for a few select serious students who want to learn to trade the Forex market from a pro. Pro´s who have been doing this for a living for many years & who want to help people become financially independent trading the Forex market. He then explains that you will be putting all the cost of opening a trading account & paying for tuition on a Credit Card. That was when the alarm bells started to sound in my head. The 1st sacred golden rule of any trading plan, is that you only use risk money, money that you can afford to lose; not rent money, not mortgage money, not your food money, etc., you get my meaning. He then explains that the banks, lending institutions, brokerage houses, etc. Use OPM (Others Peoples Money). I answered back to this that this is the main reason for the current worlds financial mess. Mr Scott answers back saying if they can do it, so should the little guy (me & you). The subject changed & I ask Mr. Scott what broker would they recommend & how important the broker is on a Forex trading account. The wisdom of this idiot is that he tells me I can use any broker I choose & a broker is not that important when your trading. The 2nd sacred golden rule when your trading is that choosing a good broker. A broker will eventually make or break you. Alarm bell num. 2 sounds in my head. He then puts me on hold saying that he will get my account approved by his financial dept. I had yet to agree to sign up for anything at this point. My hand held tel. Then goes dead because of low batteries. I haven't heard back from Mr David Scott yet but it is just a matter of time before he calls me. I will have to tell the smooth talker that thanks but no thanks on his offer.
In retro spec, Taylor´s sales pitch was too robotic. It was obvious that he was reading from a well written script. He knew how to give a compliment at the right time & urge you on.
In reference to Mr Scott David, it was the same. A real smooth talker. But at times when I argued a point with the guy concerning trading, he got really huffy & tried to brow beat me into thinking I was mistaken. He had so many years as a trader & he knew what he was talking about. When he calls back, I will say no thanks to his wonderful offer & scam.
I did a Google search " David Scott scam/fraud" (among other key words) & came upon this site. It seems that Mr Davis Scott is well known for this type of scam. This is the web page that the fraud Mr David Scott gave me to look into their company. Http://globalforexeducators.com/. I did some research on the web page & it is new from not years old as Mr David Scott told me. My advice is to stay well clear of the scam that Mr David Scott is promoting. They have complaints logged with the Utah BBB.
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