Profit ly Fake

Is Profit ly A Scam?

Timothy Sykes Stock ScamYesterday, I posted a review of Profit.ly. If you are unfamiliar with Profit.ly, then please read the post that contains information on how I gamed the Profit.ly trade verification system with the intention of becoming the worlds worst trader. In a very short period of time, I was able to create fake account statements and then upload the statements into Profit.ly that showed that I had lost $650,000,000. This loss officially crowned me as the worst “verified” trader on Profit.ly. Since everyone on Profit.ly is trying to be the most impressive trader, achieving my goal was relatively easy.

However the real goal was not to show that I was the worlds worst “100% verified” trader on Profit.ly. The goal was to show that anyone, in only a few minutes could creatively game the Profit.ly verification system. And in addition, expose Profit.ly for what it really and truly is…a marketing platform to sell useless membership subscriptions and educational DVD’s to naive investors.

One Day After My Post

Today, I received a clever email from a high school kid in upstate New York. He prefers to go by the name Young Jeezy. I have no idea what a Jeezy actually is. Anyway, he also notified me that he had also easily gamed the Profit.ly system with the sole purpose of showing himself as a millionaire trader. His motivation was to show “big money” trading, and that the trade results would be used as link bait for affiliate marketing. The idea was that if a high school kid could become a trading millionaire buy purchasing Profit.ly products, then anyone could. The hustle was to use his story as link bait that people would click on, and then once clicked on, a tracking cookie would activate and any purchases made a Profit.ly would earn him a commission of sales.

Executing The Scam

Young Jeezy then explained to me how he created his millionaire trader persona, complete with fake trades showing massive profits…all he did was create demo accounts with the intention of Massive Fake Profitly Profitsuploading fake trades into Profit.ly. How? Create TWO demo accounts at any of the 30+ brokers listed on Profit.ly. Once the dual accounts were created, next you buy 10,000 shares of a popular stock in demo account A, and then sell 10,000 shares in demo account B. The net effect is that one of the two accounts will always show a winner. Everyday, simply upload into Profit.ly only the results from the demo account with the winning trade. After a short period of time, you can now show a Profit.ly equity curve that looks fantastic. Everyone once in awhile, he explained that he would pepper in a losing trade to make it look believable.

Next Create Webpages and Video Testamonials

After he created the “verified” track record, he then created several websites touting his success. He also created several You Tube video testimonials. Young Jeezy refused to give me the web addresses and video testimonials, but he did send me a long list of websites of others pulling the same hustle, and others that had also created fake video testimonials. Example below:

If you watch this video, its pretty laughable. Of course, I don’t expect you to believe me, simply go to You Tube and search the names of gurus on Profit.ly that are selling DVD’s and advisories. Also, the internet is lliterallyclogged up with people attempting to earn a quick buck with this exact same testimonial hustle.

Coming Clean

I asked Young Jeezy why he decided to contact me and tell me about the scam. He explained that initially he was earning about $1500 a month for several straight months but slowly the amount tricked down to nearly nothing. The typical life cycle of a Profit.ly newsletter is only 30 days, and the target might purchase an educational DVD. But nobody would subscribe for more than 60 days. Sometimes they would purchase a Tim Sykes subscription, then another guru, then another, but in the end they would end of cancelling.

In addition to the income drying up, friends and family became aware of the web videos and became concerned that he was committing fraud. He thought about using a fake name and paying for fake reviews from professional reviewers on fiverr. But in the end, he decided to go back to college and finish his education.

Well that’s it for today. Thanks for reading. I understand that when Tim Sykes and the rest of the gurus and affiliate marketers read this post and all of its raw negativity, they will how with anger and attack me. Truthfully, it is easier to just keep my mouth shut and let stupid people just keep being stupid, but just a little part of me say’s “fuck it”. Please leave your comments below. Speak freely, speak liberally.

 

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84 Comments on "Profit ly Fake"

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Sam
Guest
I must tell you that this blog fascinates me, I never leave comments like this but I felt this time I had to. Your research and attention to detail is 2nd to none and I applaud you for that. I have been in the trading biz for some time now and have seen so many of these snake oil salesman come and go that it is about time someone like yourself steps up to show the truth. Other sites claim to show real reviews but they are so flawed its laughable, especially the sites owned by the snake oil salesman… Read more »
Mariusz Sokol
Guest
Mariusz Sokol
I bought 2 DVD`s from “Tim Sykes” which are complete bulls***! Lerned nothing! He stands before a camere and talks about crap most of the time, not even concerning the topic. He´s talk is incoherrent most of the time, interrupting himself, not ending sentences, jumps around different subjects, which is wery typical “Tim Sykes” style btw. It wery fast get´s damn borring listening to him. He made it look like f**ing gif, making me look like a fool for buying his crap. Now, when I submitted the request for the DVD´s on profit.ly, I then got a message from his… Read more »
Dave
Guest
This is a great write up Emmett and also some great comments/replies. I just wanted to put in my 2 cents regarding Tim Sykes and Profit.ly as well. First thing is I want to be very honest I am really new to day trading and was looking for a bit of guidance, So I purchased the Tim Alerts Package which includes Instant Message, Chat Room, and Live Alerts. I also want to mention I have watched several of Tim Sykes really really shitty DVD’s I mean these DVD’s are funny but the rest of the information is very questionable and… Read more »
jerry
Guest
The great Time Sykes even conned the Steve Harvey people. I just caught the re run, but did you see his two “best” students ? They were so sheepish, looking down all the time, like they just hated to be involved in this whole mess. I guarantee you, if the FTC gets involved with Sykes, he will be cell mates with Trudeau. These con men make more money selling the dream than living it. Dear IDIOTS: If you had the secret to making millions, would you sell it for a few hundred dollars ?? And if you did, do you… Read more »
Blue Street Trading
Guest
Well, actually, for a strategy to work you need 100s of people to be aware of that strategy in the market. If a breakout happens but no one knows about the breakout strategy and no one plays the breakout then it lingers and dies. Timothy Sykes is not a fraud trader. He really does have transparency, but his DVDs are the worst shit ever and he can’t stand when someone points that out to him. If you really want to learn how to trade go find books about trading and read them. You’ll get more out of a $50 dollar… Read more »
TraderGG
Guest

This is a big eye opener to me, had no idea how easy it was to upload trades to their site.

Derek Ruben
Guest
Derek Ruben

haha. Definitely will let the board know exactly how it went. I’m hoping the red days will be due to me chasing or not respecting my stop. I’d really like for the experience at Superman’s site to work out, but the numbers won’t lie. I’ve already read some members at investimonials that received the ‘alerts’ after the stock had already ripped +.20. Maybe they were members of a newsletter. It would be very disturbing to get his long positions in a chatroom after it had already took off. We’ll see.

PROFIT.LY == SCAM
Guest
PROFIT.LY == SCAM

Wow look how Mike just stopped posting and went silent, Shows just what a scam profit.ly is. So in short their verification system can be gamed and thus was set up with the sole intent to scam people,

Mike
Guest

Uhh, I haven’t gone silent. I’ve been muted. ALL of my comments aren’t being posted and are being filtered.

Stray Dog
Guest

http://www.tradeunderten.com
http://www.ac-investor.blogspot.com/
Look at these two sites PSilva, they’re free

Sam
Guest

another video on profit.ly

Chuck
Guest

Hopefully this link works better

comment image

Dave
Member

Can’t find this on the county website, can you post the direct link?

Derek Ruben
Guest
Derek Ruben

Thanks for taking the time to put together this write up Emmett. I appreciate all the info you post. I read your review of Superman (Paul Scolardi). I was going to sign up because of you positive reviews you had for him, but noticed he’s also on the profit.ly website. Do you still think he’s legit, considering he’s on that profit.ly website?
Thank you,
Derek

Mary
Guest
I was a member of Paul Scolardi (Superman) chatroom for 6 months after going through his Bootcamp training. I paid $5,000 for the Bootcamp which was extensive training vi webinars once a week for 10-12 weeks. I have to say that Paul’s background as a CPA and CFO was apparent in the subjects covered. He knows how to breakdown a company’s financials and can scan a press release within minutes and decipher whether it’s positive or negative. He also has a very simple charting / indicator strategy which even a new trader would have no problem grasping. Do I think… Read more »
Victor
Guest

Mary, what indicator/ charting strategy does he use?

Jenn
Guest

Hi Mary, I’d like to speak to someone who’s taken the super trades bootcamp. Please contact me at @groundedtrader on twitter

arnold
Guest

hi mary
did you make any money for the 6 months you were in the chartroom.

jonas
Guest
Robert what about us trades that trade outside of US the i verify all my US trades but can not verify my trades from my country? but i still want to keep them on profitly ? I fully understand what you say and want to do but i guess the most ones that are bad talking aboput all the gurus is the guys that only loose money and might have blown up their accounts. i trade in sweden 90% of the time and have been adopting the strategys to sweden from US and make so much more money with the… Read more »
Jack Horse
Guest

I hope the proper authorities are alerted to this scammer and the snake oil salesman is put away for life. Cheating others does not make you smart or cool or funny. jail will teach you to straighten out and fly right.

Mike D
Guest
Emmett – Thanks for taking the time to review you pros and cons of Profitly. I had a chance to read all 3 articles and I agree with some points however I think people lack the understanding of what is the purpose of their service. I am currently a member of Profitly, brand new to the world of trading. I do understand your issue with the way they verify trades and how anyone can become a guru specifically with Young Jeezy. But where is the accountability on the people who paid this kid without doing their research on him? These… Read more »
Ted
Guest

You benefit more from chat room, from other students than the gurus themselves. This is the only thing I can agree on profit ly .

Paul Scolardi
Guest

Emmett,

I appreciate the kind words you did post after you reviewed my service, as well as the challenges and questions. I would love to have a conversation to discuss all with you but I do not know how to contact you. I put my email in this comment.

Respectfully,

Paul Scolardi aka @super_trades

Jay Em
Guest

I must say, this is a pretty good review. I jump the gun on some of the points I touched on your other review.

Tom
Guest
Emmett, thanks for presenting the other side of the story. After trading for about 10 years off and on, I know how difficult it can be to become consistent and profitable. It has to be difficult because otherwise the majority would be successful. This can never happen in the trading world, no matter what anyone is trading. It has to be that 10-15% are successful and the remaining percentage provide the profits. It takes an enormous amount of discipline and patience and commitment to be successful. Most people, by nature, do not possess these requirements. There is nothing wrong with… Read more »
Ro
Guest

Is Tim Alerts worth it? or is the entire site a scam? Also did you get back to paul scolardi in the comments? I was thinking about joining his services.

Ted
Guest

I have lost more money following tim. I have made some money following fellow students in his chat though. They would immediately call out if a stock is spiking and you just gotta follow that pump and dump fast and don’t ever hold for long.

XGENS2016
Guest
I am interested in becoming a day trader, but was not able to find those who are willing to offer the assistance. It led me to a search on Youtube for self taught and that’s how I come to know of Tim’s Youtube Channels. The next thing I knew I signed on to Tim’s Challenge. A week later, I have received a call from one of his gurus asking if I have 6K for the entire training; I thought about it during our phone conversation, and I took a long pause and responded “no, I do not have the money… Read more »
Mike
Member

Check out this guy http://profit.ly/guru/triforce, on his website he claims that he turned $100k into $600k in 2014, these fraudsters are crawling out from under every rock imaginable.

Dave
Guest
I’m keen to sign up to Paul Scolardi’s newsletter so I can access the chat room and learn his strategy. The only thing holding me back though is after signing up to Tim Sykes’ newsletter I found it’s primarily all people shouting stock picks (most which have already shot up) and it’s very difficult to actually learn the strategy itself – I found that you can learn just as easy by watching all his free videos! Because of exchange rate issues, I don’t want to blow $400 p/m (my currency) on Paul’s service if it’s not actually running through what… Read more »
P Silva
Guest
Hi Emmet, I came across this page researching profit.ly and more specifically, Sykes. I came across him recently on social media, then I remembered him from Wall Street Warriors, got excited about the prospect of making money, got them to call me. But I balked at the $5000. If you can achieve what they say you can then it is worth it, but still. So I’ve been watching videos and learning as much as I can, feeling like I could do this. Even if most of what you say is true, couldn’t someone learn from all the examples and lessons… Read more »
Stray Dog
Guest
Would you get into a ring with Mike Tyson because you’d spent a few months working out in a gym? Penny stocks are fraud companies promoted and pumped higher to suck you in and clean you out. Sure you may land a punch or two on good ol’ Mike’s chin but he’s gonna flatten you and make key chains out of your ears. Penny stocks will do the same to you. The weird thing is that you don’t have to trade them. Run a scan for stocks $3-$10 with a consistent volume of 1-2 million shares trading daily. Pick 10-15… Read more »
OzkieOz
Guest

P Silva
I’m also relatively new to stock trading and I’ve recently been using RobinHood trading app for iphone and android…it’s really simple and allows free trades….it’s great for beginners so you can start out small buying 1 or 2 shares of different companies and seeing how it goes all for free until you build up your knowledge base.

Tom Vetter
Guest

Tim Sykes, what an idiot !!!! ….disgusting.
How can you have such a guy thing buy ?
Tom

Anonymous
Guest

Why is Tim Sykes not in jail?

Zach
Guest

I was wondering if anyone here has had any experience with a group called Falcon Stocks? From all my research, they seem to be legit, and folks seem to be making bank with their picks. But I’m a little nervous. I would really like to hear from someone who has used their service.

Chuck
Guest

What’s a matter Timmy? Can’t pay your rent anymore?

AGN
Guest

As much as i like your site, but the mentors you approve of don’t show real results done by an authentic, third party. They’re showing screenshots and data listed on their own sites, which can be designed by anyone.

Ted
Guest

Tried it myself, definitely a scam. All their buying and stock notifications are just so bad to the point, it doesn’t even make sense. I lost more money following their stock tips.

Mike
Guest

Emmett,
Did you ever get a hold of Paul Scolardi as mentioned in a September 2015 post? I’m curious to know your thoughts after the meeting/discussion.

jimmy jammy
Guest
jimmy jammy

lol, I knew it was all bullshit …profit.ly IS A SCAM , u want a REAL , NO BULSHIT , BAREBONES , HONEST 2 GOD PENNYSTOCK NEWSLETTER ? then I’d suggest that you give FALCONSTOCKS.COM a try . they are honest , trustworthy & you don’t have 2 worry about them ripping u pff .

David
Guest

Who can confirm that he was deceived by his DVDs? With real evidence related Scam! From someone who just bought them 😐 …many with opinions, but nothing conclusive…

Mike
Guest

Hello there. I am the technical guy behind Profitly and wanted to address this personally.

You did NOT verify any trades on our platform by using our broker connect feature. You simply created a fake spreadsheet of trades and uploaded them. Even an idiot could see through this.

This is what a VERIFIED trade looks like: http://profit.ly/1MqLwL See the little check mark that says verified? None of your fake trades have this.

Furthermore, we do not allow demo accounts to verify trades.

I’d say you get 0/5 stars on truth.

Ted
Guest

I can mark verified trade myself

Mike
Guest

Hello there. I am the technical guy behind Profitly and wanted to address this personally.
You did NOT verify any trades on our platform by using our broker connect feature. You simply created a fake spreadsheet of trades and uploaded them. Even an idiot could see through this.
You can see verified trades on our site. Click around. See the little check mark that says verified? None of your fake trades have this.
Furthermore, we do not allow demo accounts to verify trades.
I’d say you get 0/5 stars on truth.

Anonymous
Guest

Thank you for posting this article. It would at least make people think twice before falling for Sykes’ lies. His profit chart at profit.ly is similar to the one used by Madoff to lure more victims. Madoff never had a losing day nor does Sykes. I do not know if Sykes admires Madoff, but he does admire Jordan Belfort, the scammer known as the “Wolf of Wall Street”. That should tell you something about his character. And by the way, Sykes, Belfort and Madoff are jews.

Rob B
Member

And BTW Bonnie and Clyde were Protestant and we all know about the Paris Bombers religion. I could go on for days about various criminals and their religion. Sykes religion is not the issue here except from some small idiot minded person such as your self.

Vuk
Guest
Tim is A decent trader that made money in a crazy market. and mastered the one strategy he is best at and that is shorting pump&dumps/ we will give him credit for that. But over all he is nothing special of a trader and has become a master at another thing and that is marketing. He at the moment traders very low float stocks and has a big subscriber base that blindly follows him on every trade he makes. He sells a bunch of times straight into his students probably even to some of them directly. 🙂 I started of… Read more »
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