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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Kevin Pierre
Kevin Pierre (@guest_6082437)
1 month 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)
1 month 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)
1 month 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 1 month ago by RDB
Nadina
Nadina (@guest_6079361)
1 month 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 1 month ago by Nadina
dtchurn
dtchurn (@guest_6082599)
1 month 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.

DaveRogue
DaveRogue (@guest_6078612)
2 months 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 months ago by DaveRogue
DaveRogue
DaveRogue (@guest_6078565)
2 months 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 months 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 months ago
Reply to  Nadina

You lose. Not guilty! Haters goina hate!

Boondoggle
Boondoggle (@guest_6078693)
2 months 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 months 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)
1 month 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 months ago

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

Tom Brady
Tom Brady (@guest_6078100)
2 months 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 months ago

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

Steven
Steven (@guest_6072101)
3 months 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)
3 months ago

omg omg omg CRIMINAL CHARGES just announced!!!!

Stray Dog
Stray Dog (@guest_6070456)
3 months ago
Reply to  sweetypie

Provide a link to the source please.

Stray Dog
Stray Dog (@guest_6070458)
3 months ago
Reply to  sweetypie

Please provide a link to the source of information.

Boondoggle
Boondoggle (@guest_6070486)
3 months 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)
3 months 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)
3 months 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)
3 months 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)
3 months 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)
3 months 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)
3 months 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)
3 months 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)
3 months 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)
3 months 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)
3 months ago
Reply to  sweetypie

Or the ones that sue him for defamation lol

dtchurn
dtchurn (@guest_6071823)
3 months 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 3 months ago by dtchurn
Jasoncheese
Jasoncheese (@guest_6078583)
2 months ago
Reply to  Emmett Moore

Lol your comment above is premeditated business interference planning……

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

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

sweetypie
sweetypie (@guest_6071677)
3 months 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)
3 months 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)
3 months 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)
3 months ago
Reply to  sweetypie

Baltimore maryland

Boondoggle
Boondoggle (@guest_6070642)
3 months ago
Reply to  sweetypie

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

dtchurn
dtchurn (@guest_6070508)
3 months 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)
5 months 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)
3 months 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 3 months ago by dtchurn
FRed
FRed (@guest_6073413)
3 months ago

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

JasonBorne
JasonBorne (@guest_6062532)
5 months ago

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

Stray Dog
Stray Dog (@guest_6062540)
5 months 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)
5 months 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)
5 months 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)
3 months 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)
4 months 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)
4 months ago
Reply to  Mark Robertson

Apparently he sent out an email about it.

Mj_demarco
Mj_demarco (@guest_6063977)
4 months 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)
5 months 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)
5 months 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)
5 months 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)
3 months 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 3 months ago by dtchurn
Dtchurningbowels
Dtchurningbowels (@guest_6062665)
5 months 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)
3 months 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)
5 months 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)
5 months 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)
5 months 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)
5 months 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)
5 months 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)
5 months ago
Reply to  JasonBorne

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

JasonBorne
JasonBorne (@guest_6062450)
5 months 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.

JasonBorne
JasonBorne (@guest_6062432)
5 months ago

RagingBull given the go ahead by the judge to start Phase 2 – advertising and bringing on new customers again. https://www.courtlistener.com/docket/18719211/253/federal-trade-commission-v-ragingbullcom-llc/

Boondoggle
Boondoggle (@guest_6062433)
5 months ago
Reply to  JasonBorne

All outbound advertising has to be approved by the new in-house compliance counsel AND the monitor. An absolute nightmare for any direct response marketer!

Let’s see how much money they can bring in without lying and misrepresentation.

JasonBorne
JasonBorne (@guest_6062437)
5 months ago
Reply to  Emmett Moore

Interesting. Thousands is peanuts though given the ROI on their ad campaigns and no not all of the original ads were deemed non-compliant with FTC guidelines…..so imo they will thrive again.

Last edited 5 months ago by JasonBorne
Boondoggle
Boondoggle (@guest_6062439)
5 months ago
Reply to  JasonBorne

I agree that thousands or even millions are peanuts to a company awash in fraudulently gained cash. How else could one explain that a lowly SEO guy can charge a million bucks on his company credit card (on top of legitimate expenses) and steal $4+ million over the course of 4 years — without anyone noticing. (Not RB but a direct competitor 15 miles south.)

But those days are over, now that the pesky refund obligation has been reinstated by the court. That used to be a cumulative killer that year-over-year could turn a million dollar profit into a $300k loss.

Whatever they pay for in-house legal and monitor is negligible in the regular course of a scammer’s business. It’s the elimination of all the deceitful concepts, the selective use of testimonials, and the cheating of buyers by neglecting to tell them the “free” course they just paid $4.95 s/h for on their credit for also locked them into a nonrefundable $1k trading service subscription that auto renews, but they turned of the auto-renew button.

And as the Tina.org complaint to the FTC against Agora shows, scammers can’t exist without lies. Even when tied into the knots of a stipulated order, they will continue to do the only thing they’re good at: Lying.

RB can’t exist as an exorbitantly profitable business with the Feds up their ass.

JasonBorne
JasonBorne (@guest_6062440)
5 months ago
Reply to  Boondoggle

What $4.95 ‘free course?’ I must have missed that…..RagingBull did that? I still don’t understand this auto-renew accusation – ive been a subscriber on and off for 5 years. Cancelling etc. was never a problem.

Boondoggle
Boondoggle (@guest_6062419)
5 months ago

Another look at RB’s future:

I have frequently referenced FTC v. Agora Financial et al. as what I consider the “best”-case outcome for RB. (Conceptually, RB is like the slow-witted, bastard offspring of Agora-style marketing and misrepresentation, with a number of (former) employees having had long histories w/in The Agora Companies or, as they now have started to call themselves, Monument & Cathedral Holdings, LLC.)

The FTC managed to tie the entire holding company, kit and caboodle, with each of the 80 subsidiaries it has jurisdiction over, into a stipulated order in which they agreed to stop making fraudulent claims, pretty much making themselves the FTC’s bitch for the next 20 years. Before and after that order, most of the Baltimore-based subsidiaries have been shedding staff like your least favorite maths teacher shed dandruff back in high school, down 40-50+% year-over-year.

But the watchers are still watching: TINA.org apparently has just filed another complaint with the FTC, alleging that numerous subsidiaries bound by the order have violated it literally hundreds of times even since February. And not only the named defendants, but additional, more prominently acting companies:

Agora Still Using Deception & Dark Patterns to Ensnare Seniors

This is exactly what RB can expect. Settling and agreeing to stipulated terms now is the least expensive outcome of the ongoing litigation. But once they do, the pressure will remain on, beating any spark of fun, joy, and money out of the system.

Almost makes you want to feel sorry for them.

Just almost.

fuck ragingbull
fuck ragingbull (@guest_6062410)
5 months ago

i wish this damn shithole would just shut down for good already

Boondoggle
Boondoggle (@guest_6062398)
5 months ago

Looks like the FTC’s Amended Complaint has considerably expanded its focus on Kyle Dennis.

Interestingly, the relief requested now is less harsh and restrictive than the “Bull is back!” state of affairs under the Monitor. The longer RB fights this, the more money they flush down the crapper, with no upside at all.

My prediction: RB settles w/ the FTC out of court before December and accept an FTC v. Agora Financial-style stipulated order that pretty much embeds the FTC up their rear ends for the next 20 years.

Traderx
Traderx (@guest_6062400)
5 months ago
Reply to  Boondoggle

interestingly they still don’t give any evidence that Kyle isn’t a profitable trader telling the truth about his trading and story, right ?

Boondoggle
Boondoggle (@guest_6062401)
5 months ago
Reply to  Traderx

“Profitability” is not at issue. False representations are.

traderx
traderx (@guest_6062402)
5 months ago
Reply to  Boondoggle

Yes, but for years people like Emmett have screamed that Kyle Dennis is lying and not really a profitable trader…..that he is making up his track record etc. It seems like that has been defamation….for example that idiot from RagingBull Scam website (Sydney Budina) has said that about Dennis for a year or two. Clearly just bitter defamation and the investigation is showing that he is actually a profitable trader etc.Could Dennis sue for these false allegations ?

Stray Dog
Stray Dog (@guest_6062403)
5 months ago
Reply to  traderx

There is a post somewhere in all of these comments that details the proof that shows that the Ragging Steer traders where not profitable. I assume that Dennis was included in that. In any case he would have to prove that his trading record was what he claimed which is unlikely considering how much they exaggerated their trading success.

Traderx
Traderx (@guest_6062405)
5 months ago
Reply to  Stray Dog

The FTC hasn’t mentioned Kyle’s track record anywhere its all focused on how difficult it is to replicate for subs – Bishop and Bond have had everything broken down in great detail but Kyle’s trading results are totally ignored. I’m 100% sure the FTC will have done the same scrutiny on him and would have paraded it around in a similar way they are doing with the JB’s. Not a peep from then in any of the documents indicating that he made up his track record or was faking trades etc.

Seeing Sharp
Seeing Sharp (@guest_6062404)
5 months ago
Reply to  traderx

Defamation is a stretch. Dennis would have to prove that Emmit, Sydney and others were negligent in their claims, ie, that contrary proof was readily made available. As far as I can tell, Kyle hasn’t posted account statements that would prove the statements made by counter-parties to be false.

Traderx
Traderx (@guest_6062406)
5 months ago
Reply to  Seeing Sharp

True. But then if I accused someone all over the internet of being a crook and a child rapist despite having no evidence and ruining their reputation…..does that work the same? I mean the victim in that case couldn’t prove that they weren’t those things either!
Certainly no proof online would be readily available. Given that those mentioned above were actively engaged in ‘taking RB down’ they could be considered to be acting with malicious intent.

Last edited 5 months ago by Traderx
Traderx
Traderx (@guest_6062408)
5 months ago
Reply to  Emmett Moore

But then my question is WHY didn’t you ever attack Kyle? Surely, his story is just as outrageous sounding as the rest of the people you go after? On the face of it he would seem like the prime target of your ‘reviews’. Is it perhaps because there was nothing to be gained (e.g. money) from Kyle because he wasn’t the owner of the company?

Traderx
Traderx (@guest_6062409)
5 months ago
Reply to  Traderx

Shouldn’t you have been warning everyone about how much of a fraud Kyle must be? After all his claims sound more outrageous than Bond’s or even Bishops. He doesn’t offer proof and says he turned $15k into Millions so why not write about that? It’s suspicious imo that you chose to ignore him but attack all the OWNERS of other businesses that were making way less outrageous sounding claims.

Last edited 5 months ago by Traderx
Michael McCurdy
Michael McCurdy (@guest_6062396)
5 months ago

every time I got ahold of someone for refund it has been like the movie the money pit “two weeks”. As for the monitor I have not even got a response. That’s who is supposed to help me. Why are we having to request it? It’s a time thing who had the extra time to add courses on my account that I didn’t even ask for or want or is that some kind of a cool trick to say that I got equipment service for you guys don’t pay me I feel this is unacceptable
Raging Bullshit we should even have to ask the factors of the untruth and outright bogus claims is enough to out of the invalidate any kind of agreement as far as a refund policy nothing was set up ahead of time in case I thought about getting refund some bullshit about instant Knowledge from Analytics what a little weasel Tell Dennis I want my $1,499 back from the dollar Ace Program that wasn’t worth Jack Squad Bullseye trades with decent but I guess if you throw enough darts even a blind man hits a bullseye just do the right thing and issue a refund and stop being difficult can the Judge say You’re supposed to give us a refund a pretty sure I saw that in there I felt like I got screwed over ever since I signed up for and I regretted it right away that’s not how it once you feel when dealing with someone in business unless you’re just don’t give a fuck about anybody but your own pocketbook I guess it’s cool I’m getting sick of this shit man it’s going in circles here you’re going to pay or not if not just let it be known your Thief okay cool whatever I won’t ask for nothing if I’m told I can get a refund and have to do all this weird shit dude just do what’s right

SardonicGrin
SardonicGrin (@guest_6062412)
5 months ago

I’m in the same boat. All I want is my refund. I can’t get a decent response from anyone. Seriously thinking of just e-mailing them and the monitors every day until they address this.

DerekL
DerekL (@guest_6062354)
6 months ago

Finally!

Hey there!

Thank you for reaching out.

I hope you are having a fantastic day – and I appreciate your inquiry.

Your renewal has been turned off.

This means at the end of your activation period, you will not be renewed and therefore effectively cancelled.

If you’d like more detail on RagingBull reopening and answers to FAQs, please see our welcome back page here: https://ragingbull.com/welcome-back/

Thank you for your patience in this matter and I hope you have a great day!

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