RagingBull.com, Jason Bond, Jeff Bishop, and Kyle Dennis have been charged with fraud.

The Federal Trade Commission or FTC has filed a several hundred-page complaint alleging a massive $137 million fraud against Raging Bull, LLC., Jason Bond, Jeff Bishop, and Kyle Dennis in Federal Court, District of Maryland.

The complaint was filed today, on December 8, 2020, and is several hundred pages long.

As readers are aware, TradingSchools.Org has been involved in several legal entanglements with Jason Bond and Jeff Bishop over several articles that we have published over the past several years.

We have fought vigorously and spent quite a bit of money in legal fee’s to protect our reviews — with each review alleging investment educational fraud relating to stocks and options trading.

Our reviews were published in the following order:

Additionally, TradingSchools.Org embedded complaint forms within several of the articles which were then forwarded to the Securities and Exchange Commission, the Commodity Futures Trading Commission, and the Federal Trade Commission.

In total, TradingSchools.Org processed approximately 60 credible complaints that included affidavits which were also shared with various members of Congress – both Senate and House.

Three of the individuals listed in the Federal Trade Commission complaint are persons that TradingSchools.Org interviewed personally — before they were forwarded to the FTC.

Additionally, TradingSchools.Org provided key evidence used by the FTC in their complaint regarding Jason Bond and his phony Harvard University representation.

At this point, I cannot write a full and complete article regarding the FTC lawsuit. However, multiple parties have asked that I post the lawsuit publicly so that readers pick through the allegations.

The following documents are as follows:

Document A: This is the complaint filed by the FTC which gives a brief description of the allegations.

Document B: This is a temporary restraining order where the FTC is freezing the company assets of Raging Bull, LLC and the personal assets of Jason Bond, Jeff Bishop, and Kyle Dennis. According to the FTC, they are taking all of the assets but will leave each of the defendants with $25k in which to pay their bills and support their families.

Document C: Raging Bull and all of the assets seized from Bond, Bishop, and Dennis will be placed into receivership pending the outcome of the trial. The assets will presumably be held to repay the victims of this fraud.

Document D: These are the exhibits and victim impact statements that the FTC has attached as part of their complaint.

Once again, TradingSchools.Org will be publishing a full and complete article on our interactions with various enforcement bodies regarding our involvement in the investigation.

Also, I will be publishing an article on the various lawsuits that Raging Bull filed against various parties, including their own students alleging defamation of character. In particular, we will be writing about the lawsuit against David Jaffee, where he was sued by Raging Bull and Ross Cameron of Warrior Trading within several days of each other.

As many readers are also aware, Ross Cameron of Warrior Trading began at Raging Bull, before starting Warrior Trading. Readers will find the connection interesting.

Once again, check back for these articles. But for now, you can read the complaint in their entirety.

Document A: the FTC Complaint

Raging-Bull-Complaint

Document B: Asset Seizure and Temporary Injunction

Injunction

Document C: Receivership

Receivership

Document D: Evidence and Exhibits

Exhibits

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Roberto
Roberto (@guest_7111200)
1 year ago

Emmett, can you do the follow up article to this where you reveal all the behind the scenes malarky with the moles infiltrating RagingBull etc? I think it will be really interesting! Can you also include all the names and roles of the people involved like Sydney Budina, Jaffee etc. and all the evidence gathering? I think you mentioned in the article this would be coming and I literally can’t wait for all the details! Info on any family influence within the government etc. would also be useful insights. The entire story! A book perhaps?

Paul
Paul (@guest_7105482)
1 year ago

Would love Emmett to do Truetradinggroup. TTG

dtchurn
dtchurn (@guest_7105480)
1 year ago

In case anyone missed it. March 8th, 2022:

Online Investment Site to Pay More Than $2.4 Million for Bogus Stock Earnings Claims and Hard-to-Cancel Subscription Charges. RagingBull.com promised quick profits trading stocks but many consumers lost substantial money and were trapped in expensive subscription plans”
(https://www.ftc.gov/news-events/news/press-releases/2022/03/online-investment-site-pay-more-24-million-bogus-stock-earnings-claims-hard-cancel-subscription)

“.. end the earnings deception, get affirmative approval from consumers for subscription sign ups, and provide them with a simple method to cancel recurring charges.”

“It also requires that consumers who call to cancel cannot be placed on hold longer than 10 minutes, and that any voicemails requesting cancellation be returned within one business day.”

“The FTC’s lawsuit against defendant Kyle Dennis will continue.”

Last edited 1 year ago by dtchurn
Nadina
Nadina (@guest_7105290)
1 year ago

Er . . . right. So Raging Bull chose to settle without admitting liability. Just as Prince Andrew did when he paid 12 million to Virginia Giuffre, also without admitting liability. I can tell you here in greatest confidence that as a result all of UK is now convinced he is no perv, just as RB settlement succeeded in persuading us that they are no scam. Well done. This will make their tarnished reputation look really fresh. Like a mature harlot first thing in the morning.

Last edited 1 year ago by Nadina
dtchurn
dtchurn (@guest_7105328)
1 year ago
Reply to  Nadina

Hi Nadina, absolutely, RB is still exposed for all their many millions of ill-gotten gains from tens of thousands of victims, and their slapdown is going to last for quite a while, hopefully for several years before we get anymore of their stupid grinning ads on yoututbe ever again. As a termite slowly re-emerging from the tradingschools and FTC spotlights, they start again, firstly with “modest” attempts hiring a new “contracted” shill on youtube here: (https://www.youtube.com/channel/UCPWzuyHjgRde51gtFqM2z_g) who also did a shilling for the now old “RockwellTrading” Heikotter scam who was long exposed by a brave victim who did a blog and video proving they were always bullshitting their faked results: (https://rockwelltradingscam.wordpress.com/scam/). Well at least one thing the shiller reported that was good in the fallout, that one of their pretend trading-hero frauds , Kyle Dennis has left RB for good. And good their main page is a so far “trading blog” homepage, with posted “market news” to the side like typical shamshows (like connors site when he failed to sell his expensive “the machine” trading picks bot scam) in the past used to do to keep a lower profile, but still try to pretend they know something or are “somebody” in the financial world, like a stocktwitter, lol.

On the stupid RB page announcement: “Raging Bull over the years had in place advertising and marketing practices that conformed with what dozens of its competitors were — and in many cases still are — doing.”

  • well, of course, they don’t want to miss out on the wave of potential next gen dupes of the past few years, of the GME to the moon hype plus “trade at home” when stuck at home working remote, so why not try trading for the first time for new hapless newcomers that haven’t seen tradingschools’ work yet and have no idea of the immense cesspool of this miasma of vendor fraud pretending and selling fake trading secrets and products. And “dozens of competitors” – heck don’t want to miss out the cesspool of neverending shamshow trading education snakeoil fraud that goes on, just that RB used to be leader of the pack with their outrageous marketing antics and blatant greed, such as those documents exposing stuff like their regular rented private jets to showcase for their inyourface yt ads, etc.

I don’t know why, but my prior heads up on Amico for you, somehow didn’t get posted here. The shammer with the basement red baseball cap video for GTR , continuing on with his veritasfutures shamshow and victimizing losing bot, still wanted his ill-gotten gained (and past 30 million mortgage fraud) luxury mansion, but then has to settle for one “hidden” in the old america hick boondocks! lol. Where someone maybe local noticed his purchase of the luxury home a few years ago: (https://futures.io/trading-reviews-vendors/42854-veritasfuturestrading-com-looks-great-12.html#post847815). Glad to see you, Stray, Boondoggle, etc., continuing on the exposing fight and postings against these never-ending shamshows.

Brayden
Brayden (@guest_7105062)
1 year ago

RagingBull publishes the truth! https://ragingbull.com/jeff-bishop/raging-bull-fends-off-ftc-blindside/ total vendetta by Moore and others in my opinion.

Stray Dog
Stray Dog (@guest_7105182)
1 year ago
Reply to  Brayden

Did you even read Boondoggle’s replies?

Brayden
Brayden (@guest_7105208)
1 year ago
Reply to  Stray Dog

naw they good dawg. No fraud. No real oversight in place they were basically exonerated. Business as usual.

Stray Dog
Stray Dog (@guest_7105216)
1 year ago
Reply to  Brayden

Of course, why read something that would conflict with your predetermined cognitive bias.

Boondoggle
Boondoggle (@guest_7105252)
1 year ago
Reply to  Stray Dog

Don’t bother, Stray Dog.

Brayden recently outed himself as a marketer or some such (“not a copy writer”) for, presumably, RB or Agora, in a thread that has since been deleted.

This means Brayden has (a) a natural affinity for lying; (b) a natural inclination to believe the lies he and his employers are telling; (c) a deep-seated psychological need to consider himself and his employers both “victims” of the government and “exonerated” — because acknowledging that he was and is part of a scam operation would create a conflict between what is left of his conscience and his self-deception.

Not new, another famous exponent of direct-mail consumer fraud to this day claims the SEC was after him because the “government” didn’t like what he said about “Freddy and Fanny”. Even though it turns out he really didn’t say all that much about it while it would have actually mattered…

Of course, the consent order (in which RB accepts the FTC’s allegations as true for the purpose of the order) is a res that ipsa loquitur, as the tort lawyers say. No matter what spin the spinners put on it now.

(Can’t see how their lawyers would be thrilled about their post, but hey…)

Brayden
Brayden (@guest_7102777)
1 year ago

Case closed on RagingBull case? What was the outcome? Were they fined or anything? It looks like very little happened to them from a legal standpoint.

Boondoggle
Boondoggle (@guest_7102865)
1 year ago
Reply to  Brayden

Funny you should ask.

Just 2 days ago, on 3/8/22 RB “agreed to” a stipulated order, under whose terms they pay $2.4 mill into to FTC kitty, agree to have the FTC quite literally embedded in their ass for the next 10 years, and — most importantly — swear they never again engage in the fraudulent conduct that they so vigorously denied they were engaged in when the Feds came a’knocking.

In other words, they’re now allowed to limp along on what they actually can achieve, not blatant lies. (No more Harvard luncheons…) That also means: No lies, no “fastest-growing business”.

Like a bull with his balls in a vise…

In some ways, the order against Agora was worse (they have 20 years of accountability to the FTC), in others better: Agora’s fine included refunds to customers, RB already has already been forced to make all enforceable refunds and now very generously supports further regulatory activity by the FTC in addition to what they’ve shelled out already. The 10mil the 2 JB’s had to put in escrow apparently have been spent on keeping the business alive.

Looks like another notch in the bed post for Emmett.

https://www.ftc.gov/system/files/documents/cases/294-1_-_proposed_stipulated_final_order_as_to_rb_defendants.pdf

Brayden
Brayden (@guest_7102898)
1 year ago
Reply to  Boondoggle

Awesome thanks for linking to that! That is kind of hilarious though, $2.4MM is less than 3% of their ANNUAL revenue. Hardly the hammering people were hoping for.

Brayden
Brayden (@guest_7102899)
1 year ago
Reply to  Brayden

lol probably cost the FTC way more to do all this :). Also the affiliate monitor has been removed.

Boondoggle
Boondoggle (@guest_7102906)
1 year ago
Reply to  Brayden

The FTC has fixed costs in its attorneys’ salaries. They pay them the same litigating against RB as litigating anything else. So there’s no “additional cost” other than the usual cost of doing business.

The receivership (thus, the transfer of all RB data to the custody of the FTC) and Monitor were/are paid for by RB (although the receiver still seems to not have been able to collect). Looks like 10% of their staff now is their semi-embedded, semi-employed compliance staff — which doesn’t generate a nickel in revenues, only takes the fun out of marketing.

So the 2.4mil is pure gravy for the government, not that they’re counting.

Also, RB may have been bragging about grossing 100mil — but that was before the smackdown. This is coming out of FY22 P/L’s. My guess is that current gross is FAR below that of 2019. Probably 50-60% lower.

And it’s not the 2 mil that hurt them. It’s not being able to market with the bald-faced, unsupported lies that constituted their (and almost all other direct-marketed financial publishers’) marketing. It is far more difficult to lure a suspect with a documented 25% or even 125% gainer than promise them “450%… 923%… even 4,621%… like clockwork… every Monday morning by 10:51am… rain or shine… no money down.”

It’s also harder to attract novice buyers if you have to spell out your refund policy, not hide it in the fine print.

The RB brand name is irredeemably tainted. (Just look at the BBB warning.) They have to steer a pretty narrow course to avoid “deliverability problems” with the service providers or Spamhaus.

Just look at how quiet Agora has become… their staff more than halved (over that of 2018), with their CEO virtually in hiding, holding company changing its name in shame, oldest franchise ditto, the founder “retiring” from writing his daily schlock, and the executive advisor of 30yrs now doing mainly book and movie reviews.

Fun’s over.

This is as good as it gets.

Brayden
Brayden (@guest_7102907)
1 year ago
Reply to  Boondoggle

So, it looks like the settlement thing also said they aren’t admitting guilt. This really seems like a slap on the wrist to me. Also, those promises you state like 4,621% – I never saw anything as blatant as that anywhere in any marketing material. Not once did they say you didn’t need capital etc. I feel like you have a very skewed negative outlook on the trading education niche. Isn’t Agora still part of a multi-billion dollar empire?

Boondoggle
Boondoggle (@guest_7102910)
1 year ago
Reply to  Brayden

Standard lingo for settlement agreements: All you can get in exchange for a promise to be a better person (or at least not a vile liar, err, scumbag copy writer/marketer) and a couple mill is saying that you neither admit or deny the allegations.

(Of course, if you’re also forced to send your customers a note saying you’re changing your evil ways bc of the lawsuit, you implicitly admit that you were just as bad as, if not worse than, what the original complaint alleged.)

Agora is still part of something. A multi-billion empire is not that something. For what’s left (now that the vilest liars, err, copy writers have moved on to greener pastures), there’s half a dozen consumer protection orgs watching and cataloging each marketing promise like hawks… filing and refiling complaints w/ the FTC whenever they push the envelope…

Again, Agora & now RB are absolute wins for the FTC as far as civil litigation is involved. They already sent shock waves through the industry.

I think the Feds’ next step may be trying to make criminal charges stick against one of the many surviving scam businesses hiding behind the 1st Amendment. Probably not RB or Agora. Wouldn’t be surprised if there wasn’t a CFTC or SEC “collab” in the works…

Brayden
Brayden (@guest_7102918)
1 year ago
Reply to  Boondoggle

Not really sending shockwaves through the industry. When I’ve spoken to people from both the organizations you mentioned, they generally just laugh and make jokes like ‘you aren’t anyone until the FTC sues you it’s a rite of passage’ etc. The general consensus is that the FTC are just trying to wrangle money out of successful companies and are annoying but nothing to be phased by. See it for what this has been – a silly revenge plot by pulling strings and pointing feds at a company that sued for libel. RagingBull got such a light slap on the wrist the whole case is a joke!

Boondoggle
Boondoggle (@guest_7102970)
1 year ago
Reply to  Brayden

You know, I totally believe that.

Although 20 years between Federal complaints for fraud really doesn’t make anything a “rite of passage.” But I’ve been a defense attorney for 30 years and encountered that attitude, albeit usually with clients criminally charged… mostly trafficking or drug conspiracy clients. It’s an indicator of a hermetically sealed bubble world this kind of people choses to live in. Where up is down and left is right.

Kind of like a Democrat.

You probably know best, because if you’ve “spoken to people from both organizations” you’re likely an actor in either one. Product manager? Copy writer? Don’t matter. If you were not named as a party in the suit, you are in a subordinate role and don’t have to worry much.

In my experience, being put through the ringer by Feds for over a year is a harrowing experience. No client of mine ever came out the same.

Brayden
Brayden (@guest_7102973)
1 year ago
Reply to  Boondoggle

How is what RagingBull did any different from say you do as a defense attorney? You guys spin the story to make your clients look as good as possible right? So those RB guys try to make their products look as good as possible. They didn’t lie and you attorneys don’t lie as such (I hope!) but rather you show off the best of the product/client. So when they show a testimonial of a customer of course they aren’t going to show the testimonial of some whiny losing trader. In a similar way you will focus on the positive aspects of your clients character or actions and diminish the bad. Should we charge YOU with fraud or accuse you of being a scam?

Boondoggle
Boondoggle (@guest_7102977)
1 year ago
Reply to  Brayden

Not sure if I, as a sworn officer of the court, should be insulted by you equating my profession to unscrupulous marketers and film-flam men.

I am bound by the law and by the ethical rules of my profession. A dollar misappropriated from a client’s escrow account or a promise I cannot keep can cost me my license and my livelihood. If I don’t have my case law at hand arguing in court, I will damage my client & endanger my reputation, which is pretty much everything you have in this job.

My career would be over if a respected Federal judge expressly and on the record questioned my credibility. In your job (it’s not a profession), you just go on to make millions continuing your schemes with minor tweaks.

Until you get McCorkle’d by the Feds.

Now compare this to a copy writer. Someone who calls dividend stocks “Congressional checks”, bamboozles an elderly lady to put $4.95 on a cc (for “shipping & handling” of an emailed report), timing cancellation dates so her negative option offer for a non-refundable, automatically renewed $99, $149 etc. kicks in. Or sells surefire unproven, entirely made up trading systems to rubes for $5k based on a made-up record. Puh-leaze.

(Now I AM offended!)

If you engage in commercial speech, that speech is not unregulated. Ask any 2L law student. Get yourself a used Constitutional Law text book and read up on the very basics.

Maybe you’ll get the difference. But if you don’t… that means you’ve already bought into the bubble. That means you’re stuck with it. Bc no-one else knows anything about your business and your skills do not transplant anywhere but to another scam outfit.

Brayden
Brayden (@guest_7103012)
1 year ago
Reply to  Boondoggle

I’m not a copy writer…..you have to know that many people don’t think very highly of attorneys though! You can see the similarities ? The ridiculous high fees and the spinning the facts etc. Some might call that a scam! You give refunds ?

Boondoggle
Boondoggle (@guest_7103016)
1 year ago
Reply to  Brayden

Quite honestly, I don’t really give a flying f*ck what “many” people think about attorneys. Based on my experience, if they need one, they can’t get one fast enough, and money usually is not an issue.

It’s because you actually NEED an attorney on occasion. (Just ask Agora and RB.)

On the other hand, I’ve never heard anyone say, “honey, we’re out of newsletters. Can you pick some fresh lies on your way home?”

My terms are clear and, as per the non-negotiable Rules of Professional Conduct, my fee structure is transparent, my fees accounted for down to 6-min. increments. Indeed, I make clear from the first consultation, that there are no guarantees of success and there are no refunds for time spent and billed, court fees etc. Not in the fine print, with pre-checked boxes and hidden automatic renewals but in face-to-face, term-by-term explanation with/to the client.

In fact, when I take a contingency case (all civil, of course), I charge nothing unless there is an award of damages to the client. (Hmmm, I wonder if you have tried that in your business…)

As to “spinning facts” — the facts are the facts. It’s how they relate to the elements of a crime or tort, to due process, 4th, 5th, 6th, 14th Amendment case law and all that good stuff you don’t really learn about when you watch Judge Judy. You can’t just blow stuff out your ass, as in direct response marketing. (“Himalayan Silk”…)

So the only thing your job (given your emotional need to defend scammers, I assume you’re a marketer or some such creature) and my profession is that we both deal with people who lie. I deal with clients and you deal with copy writers and your publishers.

Difference, I know that everybody lies and act accordingly. You actually delude yourself that your industry lies are reality, no, even “good for you”.

Brayden
Brayden (@guest_7103037)
1 year ago
Reply to  Boondoggle

Based on my experience, if they need one, they can’t get one fast enough, and money usually is not an issue’ aka preying on the desperate people that will pay you anything to save themselves. hmmmm. SCAM!

Boondoggle
Boondoggle (@guest_7102979)
1 year ago
Reply to  Brayden

Also: Opening the door to rebuttal witnesses by highlighting the “positive aspects of [my] client’s character”?? Maybe in a sentencing, VOP or parole hearing. Think about it.

Boondoggle
Boondoggle (@guest_7103280)
1 year ago
Reply to  Brayden

Believe me, I do understand your psychological need to throw shade at my profession.

After all, my dear colleagues at the FTC and at the AG’s of PA, OR, & PA just in the past 2 years forced the two most egregious scoundrels of your predatory industry to grovel, “agree” to “voluntary” fines in excess of actual damages, AND to (indirectly) concede that their lack of ethics requires the Federal government to oversee their marketing efforts and customer relations for the next 10-20 years.

That must smart, almost as badly as now having to pretend to put in an honest day’s work.

(Sure, your postings here and what I’ve seen of your former colleagues on job sites, indicate that their assent to brutal terms, too, may have been fraudulent. None of my beeswax, I’m sure future breach-of-contract litigation will resolve that, especially now that injured consumers could also sue as third-party beneficiaries to the agreements.)

I also agree with you that the legal profession demands certain psychological qualities of their practitioners: The adversarial system requires of us that we fully and dedicatedly defend the most vile characters in society. Fentanyl dealers, human traffickers, killers, child abusers.

Not easy, if you have a sense of right and wrong. But somebody’s gotta do it. The sacrifices we make…

But honestly, while I’ll always defend the constitutional rights of a contract killer, I have always drawn the line at defending white collar crooks, conmen, and direct marketers. I can ignore a lot of bad odors, but the stench of direct marketing financial services is too much even for my asbestos olfactory nerves.

So, little boy, you’re now dismissed: Go back to figuring out how to swindle your next paycheck from a retired church lady with cancer! (“Himalayan silk!!”)

Last edited 1 year ago by Boondoggle
Brayden
Brayden (@guest_7103303)
1 year ago
Reply to  Boondoggle

Ha! You hate financial marketers so much I get it! But you are suffering from selective thinking. You are overlooking all the wrong ‘facts’ that go into many of these cases by attorneys like you. That isn’t fair either. Do you believe that everything the FTC said in the case against RB was true? Do you really think that the case wasn’t spun to fit the narrative? Do you read the rebuttals and just scoff at any evidence that goes against your blind hatred?

Boondoggle
Boondoggle (@guest_7103319)
1 year ago
Reply to  Brayden

Now, now, little fellah. Don’t get your frilly panties in a bunch, wipe that spittle from the corners of your mouth, and simmer down from your temper tantrum.

First, why would I “bind[ly] hate” financial marketers. It’s such an inflationarily used cliché. I don’t “hate” something unappetizing or foul smelling, don’t “hate” the dog excrement on the pavement or the bubbly green sputum on the handrail. I kinda wrinkle my nose, suppress a gag reflex when necessary, shudder in silence, and try not to come into contact with it. Maybe warn my kid not to step in it.

Same with financial direct marketers or the guy from “Microsoft Technical Service” who calls 3x a week to scam my personal info: I kinda gag and hold my nose and hang up.

See, no blind hatred here.

As to reading the pleadings: Of course I read everything. Lawyers who don’t read don’t last long in the business. And I certainly didn’t envy my colleagues retained by RB who had to polish that particular turd, err, try to get the case dismissed responding to the complaint.

(Then again, they got paid extremely well, so my compassion is kinda small.)

As to what the FTC said was true, I refer you to Section VII (“Additionally Monetary Provisions”) (B), at 12-13 of the Proposed Stipulated Order, where the RB defendants assert: “The facts alleged in the Complaint will be taken as true, without further proof, in any susequent civil litigation by or on behalf of the Commission, including blahblahblah”.

So don’t blame me.

Brayden
Brayden (@guest_7103321)
1 year ago
Reply to  Boondoggle

Interesting. So what is your story? Did you spend a ton on trading education and/or alerts then get pissed off ?

Boondoggle
Boondoggle (@guest_7103329)
1 year ago
Reply to  Brayden

I’d consider my law school tuition entirely wasted if I were to purchase an “education” from an unaccredited “institution” or “academy” based on completely unaudited numbers.

Let’s call it a macabre interest, sparked by my dad’s initial curiosity in “Who Killed Vincent Foster,” refreshed, years later while reading appellate opinions from the 4th Circuit…

Last edited 1 year ago by Boondoggle
Brayden
Brayden (@guest_7103323)
1 year ago
Reply to  Boondoggle

Ha! You know fine well people are bullied into settling things like this by the government. Don’t play so naive! It’s just making you more like the liar/manipulator your profession rewards.

Boondoggle
Boondoggle (@guest_7103331)
1 year ago
Reply to  Brayden

What you are saying is that Kyle Dennis has more spine than your 2 JB’s combined?

You mean the “billion-dollar empire” and the “fastest growing company” with $100mil+ p.a. revenues and tapped into unlimited earnings potential thanks to the trading acumen of their gurus rolls over when the Feds say “boo”?

Last edited 1 year ago by Boondoggle
Jean
Jean (@guest_7105617)
1 year ago
Reply to  Boondoggle

They refused to refund my money…because they decided after the fact that the money was non-refundable and therefore they don’t owe me anything. I don’t even want the money I lost. I just want my subscription fees back.

Kevin Pierre
Kevin Pierre (@guest_6082437)
2 years ago

I am a RagingBull subscriber and found out Jason Bond has been lying about profits after I did some digging. He claims he made over 500,000 one month but fails to mention most of it was from an angel investment but stated it was based off of trading. bunch of liars and when I called to get a refund they offered me credits instead same lies

RDB
RDB (@guest_6079216)
2 years ago

Lol the FTC and Emmett should be ashamed of themselves. Basically they temporarily crippled one of the fastest growing companies in the US, dragged their names through the dirt, cost hundreds of employees jobs, SPENT MILLIONS IN TAX PAYER MONEY and the outcome? The new (court approved ads) are the same except they are being made to say ‘at no cost’ instead of ‘free’. Wowzer!

RDB
RDB (@guest_6079337)
2 years ago
Reply to  RDB

Not to mention the tens of thousands of customers that lost access to subscriptions etc. Many were happy with their purchases and they lost them. More harm than good imo.

Last edited 2 years ago by RDB
Nadina
Nadina (@guest_6079361)
2 years ago
Reply to  RDB

You really are trying. Posting here under different names (RDB, MyBoo, JasonCheese, DaveRogue). And always careful to put in a different email address so posts can’t be traced back to the same source. But similar style gives you away. Lots of LOLs, capitals, self-absorbed statements on a high about a big come-back and how Raging Bull is here to stay . . .

We got you. You are desperate to paint Raging Bull as just another honest company minding its own business, paying its bills, throwing parties for the employees – the usual stuff. Just another “fast growing company”. If IBM or Amazon are left alone, why are Raging Bull prosecuted? Injustice indeed. IBM and Amazon actually have to do some work for the money they earn. Their customers get what they paid for. They do not get sold web of lies and non-existent fast-evaporating nothingness.

Now before you give me crap about the difference between selling physical goods and “intellectual property” don’t you worry. I know all about selling intellectual property. Which is why I am going into business myself. I and Stray’s great-grandaunt (the one married to an Independent Court Monitor) intend to fill the gap in the market left behind after Raging Bull demise. We will be called Raging Bulldog. First we have to get ourselves some internet personas. We will borrow Jewel (Emmett’s French bulldog) to be our mascot. I hope Emmett will not be obstructive as I have already invested in dog biscuits. Cheaper than hiring a plane. We’ll get a Santa hat for Jewel – Christmas is near, it all builds up the mood and people like it. The grandaunt will be our moderator. We’ll get her to wear a judge’s wig. She is a true British patriot who stayed in UK after the rest of the family moved to Australia. Ask Stray if you don’t believe me. It is a great rags to riches story – puts Jason Bond to shame. She turned her little pension pot of £ 20 000 into a million in only three months, trading from her kitchen in her little village of Scratchy Bottom in Dorset, UK. She will be the face of the company. I will be responsible for the business plan. Speaking of which . . . I might even take a leaf out of the book of my great trading mentor Melissa Armo (of The Stock Swoosh) and get myself some leather and a whip. But that’s a subject for another day. Would you agree that this is a great business model for selling intellectual property?

Last edited 2 years ago by Nadina
dtchurn
dtchurn (@guest_6082599)
2 years ago
Reply to  RDB

lol “one of the fastest growing” traducation FRAUDS in the U.S.! hundreds of desperate held-hostage employees. Well, guess what, the minwage of many fastfood and service jobs now pay probably more than your slavewage positions with “training” to refund deny , obfuscate and prey on hapless aspiring retail trading victims. I know of someone who was fooled by your earlier defunct “picks” sites, JB, back in 2012 and your fake trading and losing newsletter sub calls. The gall to keep coming back for so long to do this “American Greed” worthy shamshow, trying to get away with it for long no matter the damage to victim strangers’ personal finances with your scam. Hope the actual CNBC show does an éxpose episode on you sham guys someday.

Brayden
Brayden (@guest_7105209)
1 year ago
Reply to  dtchurn

Calling them frauds is slander. The court ruled no fraud.

DaveRogue
DaveRogue (@guest_6078612)
2 years ago

Ragingbull webinar on now. Apparently they had a MASSIVE blowout party to celebrate the win in the case in Balitmore last week. I saw an employee below mention that they had. The BULL IS BACK BABY!

Last edited 2 years ago by DaveRogue
DaveRogue
DaveRogue (@guest_6078565)
2 years ago

YouTube Ads with Jason Bond are back on. Doesn’t seem like they are being ‘taken down’ really to me. The ad I just watched was pretty funny – he was like ‘Yes it’s me Jason Bond and I’m BACK!’. Either way, it looks like they are doing just fine with ad budget back up and running….I suspect they didn’t really do anything wrong? I mean it looks like its going to be business as usual. I suspect the confusion on here with people thinking that RagingBull is ‘going down’ with this whole FTC thing is due to comparing RB to other organizations that Moore has targeted. For example, the Online Trading Academy case is quite different from the one against RB. The outcome thus far has been quite different as well, and I suspect we will see close monitoring of the advertising (from the affiliate monitors) and then that will be it. I don’t see anything indicating that they will be destroyed by huge fines etc. At the end of the day, it looks to me like they were a tad aggressive in their marketing and the treatment they have received from the Government has been unfair imo. It kind of looks like the FTC just goes after wealthy fast growing companies in the financial niche.

Nadina
Nadina (@guest_6078593)
2 years ago
Reply to  DaveRogue

I hope you feel better now you said it. But it won’t make much difference to how anyone perceives Raging Bull or to the facts of the case.

DaveRogue
DaveRogue (@guest_6078613)
2 years ago
Reply to  Nadina

You lose. Not guilty! Haters goina hate!

Boondoggle
Boondoggle (@guest_6078693)
2 years ago
Reply to  DaveRogue

It’s a civil case, you dope.

NG is a potential criminal outcome, based on a determination of guilt “beyond reasonable doubt”. Not ALL doubt, but that’s about 100:0 (more or less).

Civil cases determine civil liability based on the far lesser burden of proof of “preponderance of the evidence”. That’s 51:49.

The finder of fact, at a bench trial: the judge, has to determine if the preponderance of the evidence indicates that RB and JBx2 “more likely than not” intended to defraud customers by misrepresenting facts.

Based on his previous rulings (and the fact that he’s all but put them into the monitor’s gimp box), I’d say the chances of a finding of liability are better than 53:47.

But who knows.

DaveRogue
DaveRogue (@guest_6078729)
2 years ago
Reply to  Boondoggle

lol I love how you call ME a dope. Ummmm you misunderstood me….when I wrote ‘Not guilty’ I didn’t mean that the judge had brought down his hammer and shouted that. It wasn’t a legal definition! I ment that, in my opinion, they are not guilty. Spaz.

Boondoggle
Boondoggle (@guest_6078840)
2 years ago
Reply to  DaveRogue

Talking of “guilty” and — worse — “innocent” in a civil law context is like someone congratulating Michael Jordan on scoring so many “goals”. Only something a complete dope would do…

Rwangeyo Bizimungu
Rwangeyo Bizimungu (@guest_6077850)
2 years ago

Finally these 3 idiots were taken out of business of scamming the world

Tom Brady
Tom Brady (@guest_6078100)
2 years ago

They are still operating. I am an employee there. They are trying to trick the receiver. Can someone please let the receiver know to dig deeper and get on the company calls, unannounced? They will see right through what they are trying to do. Everything they are doing is to just keep the receiver at bay. Then they will go back to their old ways.

DaveRogue
DaveRogue (@guest_6078566)
2 years ago

No they weren’t taken out…..I just saw a YouTube ad by Jason Bond….

Steven
Steven (@guest_6072101)
2 years ago

I am a victim of the RagingBull Scam. Lost $5000 and they declined to refund me.

They deserve to be in prison.

sweetypie
sweetypie (@guest_6070407)
2 years ago

omg omg omg CRIMINAL CHARGES just announced!!!!

Stray Dog
Stray Dog (@guest_6070456)
2 years ago
Reply to  sweetypie

Provide a link to the source please.

Stray Dog
Stray Dog (@guest_6070458)
2 years ago
Reply to  sweetypie

Please provide a link to the source of information.

Boondoggle
Boondoggle (@guest_6070486)
2 years ago
Reply to  Emmett Moore

Haven’t seen anything, either, but I’m sure Jason would be allowed to post bond….

sweetypie
sweetypie (@guest_6070573)
2 years ago
Reply to  Emmett Moore

lol just joking about the charges but i made u losers cream your panties LOL in reality they are making millions selling products again!

Mike
Mike (@guest_6070607)
2 years ago
Reply to  sweetypie

That was hilarious. I suspected the US Attorney was contemplating fraud charges” Yes, Emmett, of course you suspected it all along lol

Stray Dog
Stray Dog (@guest_6070637)
2 years ago
Reply to  Mike

Ah, another dimwit. What happen Mike? Couldn’t work out what the rest of the words in Emmett’s comment were? Here let me help you, “But no announcements that I can find.” which means that he suspected or thought that maybe, and we know “thinking” is something that you shills have great difficulty with, but finding no confirmation it remained a thought not a fact. Once again, not jumping to conclusions unless there is verified proof.

Stray Dog
Stray Dog (@guest_6070635)
2 years ago
Reply to  sweetypie

The common characteristic of the Raging Steer shills who post here is their lack of intelligence. You read enough of them, and it becomes obvious why they are so easily scammed. Sweetypie, did you read where I asked for your source of information? Does my post or anyone’s post that answered yours, read like anyone jumped for joy or believed you without verified evidence? Of course, we get it, you don’t require verified evidence before you believe something which is why you are gullible and fall for con jobs like Ragging Steer. Please make me eat my words and post your verified Ragging Steer trades that show that you are being successful.

sweetypie
sweetypie (@guest_6071308)
2 years ago
Reply to  Stray Dog

What u talking about? I’m not even a ‘Ragging Steer’ customer…..I just find the blind haters of these types of services funny. Admit it – you jizzed your panties a little when you saw ‘criminal charges’ right? I’m sure (as you are so smart and not easily fooled lol) you were skeptical but a small part of you jumped for joy.

Stray Dog
Stray Dog (@guest_6071374)
2 years ago
Reply to  sweetypie

Blind haters! Dimwit is too generous a characterization for you sweetypie. Read all of the evidence provided at the beginning of this review. To be a blind hater someone would have to do so without any justification. There is plenty of factual evidence to justify hating the business practices of Ragging Steer. Stop now before you make an even bigger fool of yourself.

Boondoggle
Boondoggle (@guest_6071437)
2 years ago
Reply to  sweetypie

Cream or no cream: Far more interesting is why you as “not even a customer” instinctively side with conmen, thieves and liars.

Is that because you, too, are a conman, thief, and/or liar?

Or are you a copywriter for a certain cluster of scam-based businesses 15 miles south of Hunt Valley?

(Thinking about it, that’s really the same, isn’t it. Silly me!)

NormLA
NormLA (@guest_6071494)
2 years ago
Reply to  Emmett Moore

Am always curious how you pick or decide because the internet is teaming with so many investment criminals.

sweetypie
sweetypie (@guest_6071675)
2 years ago
Reply to  NormLA

lol he picks the ones where he can get the biggest whistleblower rewards imo and that their advertising has enough holes in it for him and his lawyer wife to attack.

sweetypie
sweetypie (@guest_6071676)
2 years ago
Reply to  sweetypie

Or the ones that sue him for defamation lol

dtchurn
dtchurn (@guest_6071823)
2 years ago
Reply to  Emmett Moore

omgosh, the “shamrock” green jacket crew formerly of Larry Levin’s (now gone from the world)Trading Advantage shamshow. At the end, Trading Advantage was also selling trading advantage logo’d baseball caps, and “trading computer” desktop systems! Talk about propping up the dead carcass of Levin’s shamshow legacy, now to sounding even greater heights of trading course selling scammery.

Looks like they made off big with the post-GME hype of those 20 million more new aspiring retail traders. (That RB was desperately trying to get back into business in time for looting the new newbie lambs, but glad they are defunct effectively now) Yeah, those are the same faces we saw years ago on Levin’s page, the “Moon” guy I remember the name, maybe the old site can be seen if one goes back and looks at the old archive.org captures. Not many shamshows are as stool retaining as Scameron in covering up every scam exposing gap, but I see that Prosper has also flooded “Trustpilot” with hundreds of their shilled , copywriter actored “testimonials”.

I was hoping Marcello Arambide of Day Trading Academy (with the ties to DayTradeToWin in the U.S.) would be exposed by tradingschools someday, but Prosper Trading seems to be the priority as they seem to be a major new shamshow looting the newbies of middle-aged gen’xrs and post-teens of wsb & gme hype. And the wealthier Brazilians probably saw the clown article and news about their country’s broker reports of 99.9% of attempting futures daytrading not even making a profit so maybe not made so much a fuss about trading scam “academies”.

Last edited 2 years ago by dtchurn
Jasoncheese
Jasoncheese (@guest_6078583)
2 years ago
Reply to  Emmett Moore

Lol your comment above is premeditated business interference planning……

Boondoggle
Boondoggle (@guest_6078597)
2 years ago
Reply to  Jasoncheese

LOL. Has FB been handing out JD’s again?

sweetypie
sweetypie (@guest_6071677)
2 years ago
Reply to  Boondoggle

Incorrect in all cases. I’m not even sure where the Hunt Valley is but it sounds like an exciting place!

Boondoggle
Boondoggle (@guest_6071926)
2 years ago
Reply to  sweetypie

Right now, Hunt Valley is more like Valley of Tears, as the remaining RB staff try to squeeze money out of their remaining subscribers without getting nailed by the Monitors…

MyBoo
MyBoo (@guest_6072319)
2 years ago
Reply to  Boondoggle

lol it’s actually thriving with tons of great new gurus teaching daily at RB. They seem to be generating significant cash flow not ‘squeezing’ but gaining millions and millions of dollars from existing subscribers – they must like the services DESPITE the hiccup this year. Imagine that….I know right I mean how is that possible…..aren’t they just scammers lol

FRed
FRed (@guest_6073411)
2 years ago
Reply to  sweetypie

Baltimore maryland

Boondoggle
Boondoggle (@guest_6070642)
2 years ago
Reply to  sweetypie

You have to admit: It sounded plausible and in character given the fraudulent mugs involved….

dtchurn
dtchurn (@guest_6070508)
2 years ago
Reply to  sweetypie

I hope it’s true and happening now. RB needs to be shut down as an example like OTA. baby boomers & gen-x need to be able to tell their millennial kids that they were scammed and damaged their savings by the likes of legacy OTA during the dot-com bust and latter financial crisis, and then RB during the inflated markets & covid crisis , and explain that these snakeoil pits got away with it with their shilled narrative during too much of past web decades until tradingschools and FTC action exposed the truth.

Molfetas Dimitrios
Molfetas Dimitrios (@guest_6062678)
2 years ago

I feel to repost this: Kyle Denis was one of the worst in RagingBull. I subscribed to his Dollar Ace service, and it didn’t take me long to realize that he had designed this service to pump & dump his picks. He used to buy and sell his picks before alerting them, and of course very seldom I could get his entry and exit point prices. But the most infuriating thing was that he bragged in his sell alerts about how much profit he had made, although I was sitting at a loss. The other gurus at RagingBull were not only okay with this, but proudly were applauding in their promotions how successful Kyle Dennis was on his trading, and how many million dollars profits he had made so far this year…

dtchurn
dtchurn (@guest_6070507)
2 years ago

Thanks for confirming the chicanery of KyleDennis. He was like a poster trader of “success” for Raging Bull. I wouldn’t be surprised if he got the idea of pump-and-dumping chatroom bagholding followers from Ross Scameron’s example.

Last edited 2 years ago by dtchurn
FRed
FRed (@guest_6073413)
2 years ago

I disagree….I really enjoyed listening to him and his picks made me $$$

JasonBorne
JasonBorne (@guest_6062532)
2 years ago

Warrior Trading being subjected to an FTC investigation now – i’m guessing another Moore Special?

Stray Dog
Stray Dog (@guest_6062540)
2 years ago
Reply to  JasonBorne

Excellent news. If it results in honest business practices and a realistic expectation about what you can expect from trading then that will be a win for the customers and the industry.

dtchurn
dtchurn (@guest_6062546)
2 years ago
Reply to  JasonBorne

Finally, great news. I hope it all gets opened up and the shenanigans exposed with a plethora of documented testimony similar to the ragingbull investigation. That clown has gotten away with it so slickly for too long.

Traderx
Traderx (@guest_6062597)
2 years ago
Reply to  dtchurn

interestingly they haven’t ambushed Ross the same way they did ragingbull. They seem to be politely reaching out lol any idea why so different?

dtchurn
dtchurn (@guest_6070506)
2 years ago
Reply to  Traderx

They probably haven’t finished their undercover operations yet. Also Ross has proven to be far more clever and careful in hiding his stink than Bond and RB being so jackass confident in what they could get away with in their prior yt inyourface ads.

Mark Robertson
Mark Robertson (@guest_6063103)
2 years ago
Reply to  JasonBorne

How do you know that WT is under FTC investigation? Can you share a link please?

Stray Dog
Stray Dog (@guest_6063131)
2 years ago
Reply to  Mark Robertson

Apparently he sent out an email about it. https://www.youtube.com/watch?v=QpnH5C8-npQ

Mj_demarco
Mj_demarco (@guest_6063977)
2 years ago
Reply to  Emmett Moore

The same guy is posting about how you are wrong Emmett LOL paid shill for sure!

JasonBorne
JasonBorne (@guest_6062452)
2 years ago

Real-time alerts returning very soon to RagingBull but with added education and the gurus will enter AFTER the alert is sent. Thanks Emmet you are actually helping them improve even further above their competition and changing the industry for the better.

dtchurn
dtchurn (@guest_6062547)
2 years ago
Reply to  Emmett Moore

I can’t agree it’s “important” RB survives. I want them to go under and get erased like OTA. Bond had done multiple defunct sites and prevaticating shamshows years before raging bull. They were fraudulent in every way they could and are only complying or pretending to now to get past all these injunctions by the FTC. Like the first honest thing they could have done was trade for themselves for self-funding and pay their supposed desperate minions and scummy car salespeople , but of course they can’t even trade their way out of paper bag to pay rent.

BigLou
BigLou (@guest_6062596)
2 years ago
Reply to  dtchurn

I whole heartedly agree dtchurn… they need to be wiped out of existence. I am not sure why Emmett seems to love these SOB’s so much. NO second chances NO redemption just total Annihilation.

dtchurn
dtchurn (@guest_6070512)
2 years ago
Reply to  BigLou

yes, and the thing is. Bond already had multiple defunct sites such as “jasonbondpicks” prior to RB to the beginning of the past decade, where even Ross Scameron was a room mod at one point earlier learning the craft of fooling newbs. (Ross got archive.org to erase the old traces of warriortrading including the architect lies, but he couldn’t erase Bond’s old site showing him as a mod without the beard and fake glasses, back when supposedly he was an ‘architect’, lol: (http://web.archive.org/web/20140201134856/http://www.jasonbondpicks.com/meet-the-traders/) )

Just that Jeff Bishop seemed to acquire and patron Bond’s snakeoil business to become RB. Bishop should go back to renting out private jets or whatever he was doing before, and Bond should go back to being a P.E. teacher before he plastered his annoying teeth grinding grin-face on his jasonbondpicks earlier sites.

On a side note on a past smaller shamshow exposed by tradingschools, (but he was still big enough to be shilled heavily on Sykes’ Investimonials as we recall, and probably did a lot of damage to newbs also) Emmett also recently commented that Kavan Klein had come “clean” and admitted it was all scammy nonsense he was doing with his traducation chicanery and is now trying to get “back” into real estate and legit business. (of course he couldn’t really hack it as a trader for a living as these vendor fakes all claim, but decent enough to get back into something legit if not trading)

( http://www.tradingschools.org/review-team/#comment-6068447 )

Last edited 2 years ago by dtchurn
Dtchurningbowels
Dtchurningbowels (@guest_6062665)
2 years ago
Reply to  dtchurn

How absurd. Trading to get out of this wouldn’t be the answer. At best these guys claim to make 10% a month – hardly enough to pay dozens of people etc any time soon.

dtchurn
dtchurn (@guest_6070511)
2 years ago

pathetic made up shithead reaction, probably from the gollumpeety-dtchum cave. RB claimed so much profits in millions that they supposedly could do anytime. Instead they likely told their staff to be refund-deniers for their salaries.

Boondoggle
Boondoggle (@guest_6062656)
2 years ago
Reply to  JasonBorne

High-lighting as a special break-thru that RB will track their reco’s after it is made to the customer is actually indicative just how dirty the were before:

That’s been standard practice for the (formerly) reputable part of the industry since at least since print publications/newsletters of the 1990’s.

SardonicGrin
SardonicGrin (@guest_6062441)
2 years ago

I finally heard back from these idiots. They offered a refund of almost nothing. No idea what I should do next. I wonder what the FTC would make of their “classes”, demos, chat rooms, and other stuff being filled with paid actors and/or bots to make it seem like they had a few thousand people when I’m guessing it was really just a few hundred at best.

JasonBorne
JasonBorne (@guest_6062443)
2 years ago
Reply to  SardonicGrin

oh did those bots also buy millions of dollars worth of products at the end of the webinars as well? I’m pretty sure they did have thousands in those product launch webinars etc. also i’m sure FTC knows everything they did or did not do by now.

SardonicGrin
SardonicGrin (@guest_6062444)
2 years ago
Reply to  JasonBorne

You didn’t notice how obvious it was? I have no idea what anyone did or did not buy outside of myself but the use of bots was blatantly obvious.

JasonBorne
JasonBorne (@guest_6062445)
2 years ago
Reply to  SardonicGrin

I think in order for them to make $100MM last year then the majority of people attending the sales webinars must have been real. Even then they will have had to have a very high conversion rate (which they did it seems!).

SardonicGrin
SardonicGrin (@guest_6062447)
2 years ago
Reply to  JasonBorne

Did they make 100MM? Good, they they can afford to refund my freaking money.

JasonBorne
JasonBorne (@guest_6062450)
2 years ago
Reply to  SardonicGrin

I agree and they should. My point is there is a lot of false accusations and narrative surrounding them – like the one you are talking about all bots etc. That is just one of the falsehoods being spread.

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