Jerome Bressert of Cycle Trader Pro
Jerome Bressert of Cycle Trader Pro wants you to send him $4,995 for his “live trading room” and “secret sauce” day trading indicators. Since Feb 2020, Mr. Bressert claims to have earned over $10,000,000 day trading Futures contracts. And now, for a limited time, you too can become fabulously wealthy and enjoy unlimited shrimp cocktail.
However, before getting out your credit card, you should be aware of a few things. He has filed bankruptcy (at least) three times in various State and Federal Courts. His most recent bankruptcy was in 2015 where he claimed he “had only $500 in cash” and owed money to pretty much everybody — including various payday lenders and pawnshops.
He has been sued in State and Federal courts for various reasons — which are too many to list in this little box. Got arrested for allegedly fighting a police officer, a fight with a guy named Verne Tepe which resulted in a judgment, contentious divorce with a restraining order, was called Chicago’s sleaziest rental agent, changed his name three times, got sued by the Futures brokerage in which he was employed, and now he wants us to believe he typically earns $1.5 million each month by day trading?
His claims of profitability appear to be nothing more than a ripe fantasy.
Absolutely nothing to recommend
Three NFA arbitration complaints
Would not verify incredibly claims of profitability
Thanks for reading today’s review of Cycle Trader Pro. What is Cycle Trader Pro and what are they selling?
According to the public-facing website, the company is owned and operated by a person named Jerome Bressert, and they specialize in teaching students how to get rich by day trading Futures.
Cycle Trader Pro is offering the following products and services:
- $3,995 for Go Fish Pro, an “auto trader” program that manages trades on the trader’s behalf.
- $2,995 for the live trading room.
- $295 for the Market Pulse App.
- $595 for the CT Indicators.
Additionally, the software, indicators, and live trading room can be purchased with a one-time fee of “only” $4,995.
For those with a limited ability to pay, Mr. Bressert will allow you to make him monthly payments of “only” $1,249 over four months. Or, in the alternative, the aspiring day trader can make monthly payments of $395.
Where is Cycle Trader Pro located?
That’s a great question — But there is no easy answer. On the ‘About’ page of the Cycle Trader Pro website, there is no physical location listed for either Cycle Trader Pro or Jerome Bressert.
How is a consumer supposed to build confidence and trust with a vendor when they do not reveal where they are located? When writing a review, this is the sort of stuff that drives me nutty.
However, with a bit of shoe leather, TradingSchools.Org was able to track down various social media profiles that give mere speculation to two different locations for Cycle Trader Pro and Jerome Bressert.
Jerome Bressert’s Linkedin.com profile states that he is located in Playa Del Carmen, Mexico.
However, the Twitter profile for Jerome Bressert and Cycle Trader Pro state that the business is located in Chicago, Illinois.
In summary, I have no idea where this dude is located. And considering that customers are expected to send HIM thousands of dollars for investment software, this does not speak well in regards to trust.
National Futures Association and CFTC complaints
My next step in the review process was to search the public databases at the regulatory bodies of the National Futures Association, and the Commodities Futures Trading Commission.
On the Cycle Trader Pro website, Jerome Bressert claims to be a former commodities broker with extensive trading experience.
We were able to confirm that Mr. Bressert was telling the truth. In fact, the earliest NFA registration occurred back in 1998, and then ended in approximately 2005, and then subsequently reappearing for 90 days 2017.
During his roughly 7 years of industry experience, he was registered to work at no less than 22 different firms. To me, that seems a little weird. Regardless, you can view the record through the following link:
The next step in the process was to investigate whether Mr. Bressert had any regulatory actions or reparations cases filed against him.
According to the public record, Mr. Bressert has no regulatory actions, but there were three different reparations cases that were filed against him.
Two of the three of reparations cases could not be found through the public records. However, we did find one of the reparations cases and was able to obtain the customer complaint.
In that complaint, a customer named Donald Greenhaw sued Mr. Bressert claiming he “over-traded” his account. It appears that Mr. Bressert “lucked out” as the plaintiff did not file his claim within the statute of limitations period.
However, the details of the complaint are very revealing, and were found to be “factual findings,” as per the court. The factual findings were as follows:
Mr. Greenhaw was a 66 year old plumber with a net worth of $75k. Of this amount, he had $35k in liquid assets. During the relevant period, Mr. Greenhaw purchased the Cycle Trader trading system from Mr. Bressert.
After purchasing the system from Bressert Marketing, he was then instructed to open an account with Bressert Investment. The customer was then instructed to let Bressert Investment trade the Cycle Trader trading system on his behalf, and that they were “experts at using Cycle Trader.”
Mr. Greenhaw was expecting profits. What he got was a financial nightmare. In fact, from December to March, a period of only 2.5 months, Mr. Greenhaw’s account had been reduced to only $421.
It was discovered that Bressert charged $15,143 in commissions and fee’s, and had lost his entire $26k investment.
I don’t know about you, but $15k in commissions over a 10 week trading period? That doesn’t pass the sniff test.
You can read the complaint in its entirety through the following link:
Additionally, there are two additional reparations cases. But we were not able to find those case, so we can provide no comment.
It appears that a short time after this complaint was resolved, Mr. Bressert disappeared from the Futures industry.
Jeromy Bressert: Lawsuits and Bankruptcies
After we completed our CFTC and NFA research of regulatory actions against Jeromy Bressert, we then began our public records research by searching through various State and Federal courts.
What we found was not encouraging.
In 2001, we discovered a bankruptcy filing in the State of Illinois.
Once again, in 2009, we found yet another Federal bankruptcy filing in the 9th Circuit.
In 2010, we discovered that Mr. Bressert was sued by his former employer, a Futures brokerage located in Chicago, Illinois. The allegations within the complaint were salacious and not very encouraging. And they were as follows:
- Breach of Fiduciary Duty
- That “Mr. Bressert stole company information while he was an employee.”
- That “Mr. Bressert stole customer client files” and attempted to move clients to another brokerage using the alias name of Jay Beach.
- That after being fired from the brokerage, he surreptitiously logged into the brokerage and randomly entered and exited trades.
As a result of his actions, the NFA arbitration panel found in favor of his employer and levied a penalty against Jerome Bressert and his cohorts for $245,265. You can read the judgment here:NFA-Arbitration
In as recently as 2015, we discovered yet another bankruptcy filing by Jerome Bressert in the state of Illinois.
In his bankruptcy filing, he admitted that he had been using the “alias” name of Jerome Bressler, which can be seen below…
Additionally, he claimed that his total net assets included the following:
- $500 in a checking account.
- $1,250 in furniture.
- $50 in books and tapes.
- $650 in clothing.
The list of claimed liabilities included some of the following:
- Various collection agencies
- Various credit cards.
- A payday lender in Chicago.
- A payday lender in Wisconsin.
- An auto note pawn lender in Chicago.
- A pawnshop/payday lender in California.
- Another pawnshop/payday lender in Hays, Montana.
Mr. Bressert seems to have plenty of experience in the filing of bankruptcy — this does not reflect well. Below is the most recent bankruptcy filing:BK2015FullFiling
The aforementioned appear to be the “major” civil entanglements.
Additionally, we also found references to various “small-time” criminal offenses, including fighting with a police office, a restraining order relating to a contentious divorce, and some sort of physical altercation he had with a person named Vernon Tepe which resulted in a judgment of $19k.
The income claims of Jerome Bressert and Cycle Trader Pro
In a recent YouTube video, dated June 13, 2020, Mr. Bressert stated verbatim, “99% of the time, it doesn’t matter whether you buy or sell, it will make money.” That is quite a claim.
Additionally, on the Cycle Trader Pro website, Mr. Bressert makes additional claims regarding profitability that cross way into the realm of unicorns, fairies, and mermaids.
Frankly, I don’t believe that unicorns, fairies, and mermaids actually exist. And considering that Jerome Bressert has filed (at least three) bankruptcies that we know of…one should be very cautious about claims of earning spectacular profits.
And lets not forget, Jerome Bressert has been selling supposedly profitable trading software, as early as the 1980’s — according to public records.
If his software and trading is so amazing — then why file bankruptcy three separate times? It seems to me that if I had a “magical” trading software that delivered 99% of the time, the least of my worries would be money.
But claims of 99% profitability are only the starting point…you have to look at his supposed “real” trading results that he posts on his website. He offers these supposed results as “proof” and he claims that all of these are trades are “real.” Lets have a look…the following screenshots were taken directly from the Cycle Trader Pro website:
Are you seeing what I am seeing? According to Jerome Bressert, this is “real” trading and “its all true!”
This guy is claiming that he typically earns 500% on his Futures trading account — each and every month.
Additionally, he presents that he “withdraws” anywhere from $200k to $2.2 million — every few weeks.
And we are supposed to believe this? From a guy that has filed bankruptcy three times, and in his most recent bankruptcy (2015) claimed he “worked as a Realtor?”
Contacting Jerome Bressert
As you can imagine, TradingSchools.Org has received dozens of requests from readers to investigate Cycle Trader Pro.
Three readers in particular – all located in California – specifically requested that I investigate this significant public controversy.
And when I mean significant, I mean VERY significant. Apparently, Mr. Bressert is a very public figure and has over 700 followers on his YouTube channel where he daily advises on how to trade financial Futures contracts.
Additionally, Mr. Bressert and Cycle Trader Pro are recieving significant traffic and promotion from the Ninja Trader Ecosystem website.
And we all know that I have written many articles about the characters on Ninja Trader Ecosystem.
Regardless, on April 24, 2020, TradingSchools.Org sent Mr. Bressert an email requesting performance history in the form of redacted brokerage statements. This email was sent using an alias.
We conversed with Mr. Bressert the following, and his responses are below…
(Question 1) I have to be completely honest…the performance on your website looks “too good to be true.”
[>> Jerome Bressert >>] Its all live trading, so not what to say other than, I follow the math we created.
(Question 2) The cost of the trading room is arbitrary. And I would be more than happy to pay the subscription cost…but you have to show me that the performance is real. Can you provide redacted account statements?
[>> Jerome Bressert >>] this is all live trading. I have twice showed the statements. The manage account I do this with is very famous amd said I can not show his info. I took his info off twice in the room. I am not going to do again. Sorry. If this was real or not, does it matter, its real time. People see me in real time do these trades. Your sub to the room wont change my life style, but it will change yours if you are able to follow the models.
As you can read, Jerome Bressert was NOT able to show redacted account statements, which would have legitimized his supposed performance claims.
Wrapping things up
Considering the prior bankruptcies, being sued and losing a lawsuit to his former employer — a Futures brokerage, the CFTC complaint regarding commissions and losing trades, the multiple alias names, and third party complaints regarding his arrest record and employment as a Realtor, I would need to see actual, verifiable account statements in order to give this guy a pass.
There is just too much negative information in the public domain. And the refusal to verify he earned over $10,000,000 in only 7-months is a bridge too far.
Thanks for reading. And I would love to read your comments below.