Lance Ippolito of Wealth Press

Thanks for reading today’s review of Lance Ippolito of Wealth Press.

For those not familiar with Wealth Press, I would highly recommend that you read my thorough review of Wealth Press, and the owner of the company — Roger Scott.

The dude that owns this company is the king of whack-a-doodle investment products and services. Claims all manner of unverifiable huff puffery, like being a lawyer (he is not) and working in the White House (he didn’t), and some other bullshit about earning millions of dollars every year through some “secret.”

Roger Scott is a sort of curator of investment charlatans. Once he sells you every flavor of investment snake oil known to mankind, he conjures up a new group of investment hucksters in which to create and sell, yet more investment ridiculousness.

Roger Scott is a huckster of the highest order. And Lance Ippolito appears to be his latest flavor of investment snake oil.

Who is Lance Ippolito?

According to the Wealth Press website, and The Future of Wealth website, Lance Ippolito proclaims that he is a former hedge fund manager and worked at various hedge funds. (where have we heard this before?)

Lance claims that while he was working at Citigroup Global Markets, he managed $250 billion dollars in assets. Yes, you are reading that correctly, that’s $250 billion with a B.

Accordingly, this would make him one of the worlds largest asset managers. Right up there with the great Carl Icahn or Bill Ackman. Except neither of these legends manages over $250 billion, yet our dimple faced Lance Ippolito claims $250 billion?

Additionally, Lance coos onto the screen…”I started my own hedge fund.”

With such an august resume, one would assume that Lance Ippolito would appear as a registered investment advisor with the Securities and Exchange Commission. But of course, the SEC has absolutely no record of ANY Lance Ippolito.

Further, an investment manager with $250 billion in assets should also be registered with FINRA as an asset manager. But of course, once again, there is absolutely no Lance Ippolito registered in any capacity. Check for yourself.

Of course, I am forever curious about these sorts of internet investment charlatans, and once my nose gets a whiff of that strong odor of fakery…I just cannot stop until I track down and corner my prey.

Contacting Citigroup and FINRA

I really wanted Citigroup to confirm the existence of this supposed $250 billion dollar asset manager, but alas, the personnel department replied that “We have no idea who Lance Ippolito is.” And, “if he managed $250 billion, then everyone would know him.” But Citigroup does not know Lance Ippolito.

Next, I called FINRA, which is the regulatory body enacted by Congress to oversee the 634,000 registered investment professionals operating legally in the United States.

According to FINRA, there is no Lance Ippolito. Not now, not ever. I would highly recommend you contact FINRA at 800-289-9999 and speak with a fraud investigator — which we did.

FINRA reviewed our documentation and evidence and commented, “this looks very suspicious.” Accordingly, they filed a report and recommended that we file a report with the Federal Trade Commission.

Lately, the FTC has been cracking down on so-called phony “investment advisors” on the internet. It appears that Roger Scott and Wealth Press has cross-promoted several similar programs and related individuals currently under scrutiny with the FTC, according to our sources.

So, who in the heck is this Lance Ippolito?

Well, about the only thing we can find about Lance Ippolito is that he appeared to be an aspiring gay model that loved to shave his body and enjoy the adulation of screaming middle-aged men. Have a look for yourself…

Now, I dont want to make a fuss about Lance’s sexuality, because I dont really know which side of the fence he faces. Nor does it really matter.

However, it does matter when you claim to be one of the world’s largest hedge fund managers, and the only history that we could find came scraped from a website frequented by gay males staring at young men.

Legal Disclaimer: websites frequented by gay men are notorious for posting fake images with fake names. Although this image was scraped from Squirt.Org, the image also appears on a muscle promotion website. TradingSchools.Org is making no comments regarding the orientation of Mr. Ippolito, we are simply referencing the source of the material.

The whole thing is just weird. And it doesn’t add up.

Investment Claims of Lance Ippolito

In various promotional materials and videos recorded by TradingSchools.Org, Lance Ippolito makes some truly outrageous performance claims.

For instance, his flagship investment advisory product is something called the “Two Click Trick.”

According to Lance Ippolito, all you need is a $2,000 trading account and you can reasonably expect to earn 500% monthly returns. And he coos into the video webinar…” you can buy that new boat, a new Harley Davidson, or pay off your mortgage.

Never a mention of any losses.

Additionally, Lance claims that “while I was working at the hedge fund, I learned the secrets of the hedge fund” that he calls “the deficiency.”

Supposedly, he snuck out of the back door of the hedge fund and decided to spread his financial wisdom to the unwashed masses as some sort of financial prophet. Sort of like the Pope in Rome, instead of washing your feet, he wants to squirt the cash upon thee.

How outrageous are his profit claims? Some of the worst, if not the worst we have ever written about.

Example:

“Make $4,875 next Friday, and every single week thereafter and its hot, hot, hot because you make this every single Friday! Even my brother in law (Mike) is making huge “two click trick” profits — and he doesn’t know anything!

And,

“You don’t even know how to do anything, you just click the bottom twice and collect the profits. These are hedge fund secrets and that is why they make all the money. Because they know the “two dick trick.” Oops, I mean “two click trick.” It’s as easy as pie!

And please, never give this dude your email address. Once you do, you will be inundated with the most rediculous financial claims since Bernie Madoff or Charles Ponzi.

Example:

I have a question….where are the losses? Nary a word on the potential losses for investors. Its as if they dont exist.

Who would be stupid enough to fall for this? Apparently, quite a few people have been suckered into this $3k per year “investment advisory service.”

Complaints about Wealth Press

Of course, TradingSchools.Org has received plenty of complaints about Wealth Press. For instance,

I paid for a subscription to Wealth Press and for the 6 months of my subscription I have shown losses continually in following their recommendations.

James C

I followed his recommendation and the very first one caused me lost a couple thousand dollars. The worst part was they also have double charged me; a $2995 subscription has become $5990

Dan K

Totally bogus.

SK

Contacting Wealth Press about Lance Ippolito

Wealth Press is actually pretty easy to contact and speak with over the telephone. You can call, and the phone is always answered by what sounds like the classic boiler room.

You can hear salesman in the background clanging about, hear a crosswind of voices swirling words like “this is a great investment” and “dont you want to be rich?”

We contacted the sales staff and asked for audited performance summaries of Lance Ippolito and the staff was very friendly. However, they plainly admitted that “all performance claims are hypothetical.”

And, we have no actual accounts for Lance Ippolito. I take them at their word, and as their disclaimer documentation clearly states, “everything is hypothetical” in other words “it’s all a fantasy.”

Wrapping things up

You know that old saying, “if it sounds too good to be true, then it probably is.”

Yet, as much as I write about these charlatans and financial whack-a-doodles… it seems like every single day, someone is writing to me complaining that they did not earn 500% overnight — like that was promised in the marketing materials.

Folks, the smartest and most able asset managers in the world very rarely earn over 50% per year. What makes you think an unlicensed and unregistered financial phony is going to give the “two dick trick” and you will earn $5k per week — on a $2k account?

Its just stupid. Use your common sense. Thanks for reading.