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:
- Trust Pilot: the Mecca of FRAUDULENT trading reviews
- Is Petra Picks a SCAM?
- Jason Bond Picks
- Jason Bond Picks: Millionaire Roadmap? Or Pathway to Financial Disaster?
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.
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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…
Brutal reply. Absolutely brutal. Thanks for leaving this message.
Warrior Trading being subjected to an FTC investigation now – i’m guessing another Moore Special?
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.
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.
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?
How do you know that WT is under FTC investigation? Can you share a link please?
Apparently he sent out an email about it.
Correct, Ross Cameron is now under FTC investigation.
At this point, I don’t want to write too much about it. But a blog post will be coming out shortly, and I will be talking about what I do know, and what I did.
Let’s just say that Ross Cameron is not very happy with Emmett Moore and TradingSchools.Org. I have a long memory and my thirst for revenge is not easily sated.
The same guy is posting about how you are wrong Emmett LOL paid shill for sure!
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.
That’s awesome to read.
1) They can never be accused of front running the customers.
2) There will be a track record.
The problem with this industry is that honest companies have to compete with dishonest companies. The honest companies have verifiable track records and do not front-run, while the dishonest ones use shady hypotheticals and front-run– the dynamic is that the hypothetical traders gobble up all the market share by creating unrealistic expectations for consumers. Honest companies cannot survive because they cannot sell their product.
This is why it’s vitally important that Raging Bull survives and thrives with fair rules.
If Raging Bull can do this, then I will oblige by continuing to attack their shady competitors.
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.
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.
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.
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.
So true.
Maybe I am being way too naive about RB. But I remain hopeful…that’s always been my biggest weakness. To hope that the goodness of mankind is inexorable.
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.
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.
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.
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!).
Did they make 100MM? Good, they they can afford to refund my freaking money.
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.
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/
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.
This is going to be really, really interesting to see how they navigate this. Thus far, I have yet to find any company able to survive and thrive with these sorts of constraints.
Every single ad piece needs to be groomed by the flea comb of compliance counsel. This means they have to pay an attorney to read, redline, request redraft, reread, redline, request redraft, over and over again. The cost of putting out even the most harmless ad copy is going to be in the thousands.
It’s just crazy. But hey, at least they are trying! So they do deserve some credit.
All the while…in the background are all the other scam artists without these restraints and so being competitive is going to be very difficult.
On a positive note, their recent blog articles have been quite good. The Williams article on Zero Commission Trading at Robinhood is actually a very good article.
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.
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.
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.
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:
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.
i wish this damn shithole would just shut down for good already
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.
interestingly they still don’t give any evidence that Kyle isn’t a profitable trader telling the truth about his trading and story, right ?
“Profitability” is not at issue. False representations are.
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 ?
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.
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.
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.
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.
When did I ever pick on “Liddle Kyle?” If anything, Kyle was the prostitute that got pimped out by Jeff and Jason. Kyle made a few bucks, no arguments there. But Raging Bull latched onto his track record and marketed that track record as the track record of everyone.
Poor liddle Kyle had to work the street corner wearing high heels and a mini-skirt emblazoned with the Raging Bull logo across the buttocks.
Doesn’t anyone remember when poor liddle Kyle supposedly won the new Porsche in a “trading contest” and it turned out to be a leased car?
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?
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.
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
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.
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!
Why is their website still up?
because someone blew the judge
So much for timelines. Ragingbull e-mailed me and said they would get back to me by 5/24/2021. Affiliated Monitors e-mailed me and said I would hear something by 5/25/2021. BOTH have blown off their promised timelines. Now what? Contact the judge? What does one do when the both the firm and monitor are not following orders?
They are still working through the queue. Hang in there. We have 4k emails currently and again we are working with legal and the monitor on how to respond to many of them. I am sorry we blew through this timeline but it is a process. Your email will be answered.
I do appreciate the irony that now it is RB who’s being relentlessly flooded with emails, not the prospects/subscribers…. Used to be the other way round.
That is actually pretty funny. Had to tame down their relentless barrage of marketing emails huh.
Oh yeah, this is the company that definitely wasn’t involved in fraudulent activities flooded with emails from customers, presumably asking to be signed up for more “valuable” services, not asking for refunds. Oh no because you know Bond, Bishop and Dennis are the real deal, except of course that they lose money with their BS trading system. 4K of satisfied customers. Speaks volumes doesn’t it.
Stop lying to them. I see the conversations on Slack. I know what goes on and I know that RB is doing EVERYTHING in their power to blow people off for as long as possible and avoid giving back a single cent of money to anyone who they screwed over.
Sounds like something that should be subpoenaed by the FTC….
I don’t think that’s the case at all. The monitors are still reviewing our refund policy. Once that is complete hopefully, today then we’ll be able to release the queue and start to refund people that are eligible.
RB is currently working under EXACTLY what the legal parties are allowing us to do. We will abide by the court order and refund anyone that is eligible for a refund. We can’t wait to do it, we literally can’t do it until we get the green light from the monitors.
I’m sorry you feel that way about the company.
Still haven’t heard anything except “Don’t bug us”.
Quick Update for you –
On Monday we should have more clarity when it comes to refunds, how to process them, and the rules around them.
I’ve seen comments that say “We should have always had this” – we did. We’ve issues millions in refunds. But since the TRO we have had all technology stripped from us including every relationship with every vendor. And to get that back is tough – and time consuming. We also now to have to deal with a monitor on every thing we say so – even issuing refunds which seems very straight forward, has to be reviewed.
You should also seem free eletter email rolling out next week. If you want to unsubscribe please do so – if you have issue you can contact CS as we have 10-12 reps now working in the office. Our queue is currently 2000 emails – and at about 100 emails per day per user you can do the math on the turn around time.
I appreciate this forum to talk to you guys about RB and it’s future. And trust me – I understand the vitriol but I will tell you that thinking the most nefarious things about what RB is – is completely inaccurate. Mistakes could have been made. Processes may been broken – but at no point did we have “policy” to rip anyone off. I can stake my own personal reputation on that.
If you are billed a renewal we honor refunding that for 30 days and often times more if that extenuating circumstances. We have auto renew turned on because we have LOTS of happy subscribers that don’t want their service interrupted.
If you have any questions – I’m happy to try to answer them in a straight forward manner. But some of the things I read on here are conspiracy level tinfoil hat theories. If the company was fraudulent – trust me – we wouldnt be here having this conversation.
I called and asked for a refund many times but got shuffled to this bully who told me “no” and strong armed me into backing down. Yes, you have a policy to rip people off because you hired a bull dog to yell at them until they back away.
So many pretty words. I want my refund and then I never ever what to hear your names again.
Don’t bother with RB CS and go through the Independent Monitor, via email at: RagingBullMonitor@AffiliatedMonitors.com via telephone at: 617-807-1161.
The court orders are that those customers whose initial purchase agreement included a refund clause need to be refunded. The technically may exclude any offer that either was silent on refund policy or expressly excluded refunds.
But I understand the IM has some discretion. Especially since RB did not fulfill their contractual obligation to you between September and April. Offering an extended subscription, other service, or other novation to the terms requires the consent of both parties AND separate consideration under US contract law.
I contacted both Affiliated Monitors and Ragingbull. Neither has responded by the date they themselves set. So what now? Contact the judge? The monitors aren’t doing the job they said they would do apparently.
I figured Ragingbull would weasel out of my refund with a technicality because I do not believe mine had a refund clause. What recourse do I have?
I think you may be okay, just one of thousands of satisfied customers requesting refunds at this time. To be safe, I’d email your observation to the prosecuting attorneys at the FTC, emails are appended to the signatories at the end of the initial complaint.
What do you mean “if the company was fraudulent?” Are you seriously asking anyone to believe that the conditions placed upon them indicate that they weren’t operating in a fraudulent way? Beggars belief!
I have sent several emails asking that my account and my credit card info deleted.
Crickets! I refuse to call those bastards. Any other suggestions to light a fire under these jerks? Seems like they never learned from their furlong! Business as usual can anyone get less than an F from the BBB?
Furlough….spell check. Sigh.
They are like that guy who beats his wife and then promises that it’ll never happen again, but it will, and it does because that’s who he is. And dishonest, fraudulent scumbags are who these guys are.
Contact the court-appointed monitor, who’s site states:
However, RagingBull.com customers who also want to submit a copy of their refund request to the Monitor, or who want to communicate with the Monitor, can do so in one of two ways:
• via email at: RagingBullMonitor@AffiliatedMonitors.com
• via telephone at: 617-807-1161
I e-mailed both RB support and Affiliated Monitors my request for a full refund. I’ve received 2 e-mails from AM just letting me know they have my e-mail (1 per week) and giving a target date of 5/25/2021 for RB to act on my e-mail. I received an e-mail today from RB stating that they have received my e-mail and will respond with a “resolution” by 5/25/2021. The “resolution” had better be a refund but I’m afraid they will try to worm their way out of it.
Thanks everyone!
I just want these a-holes to answer at least freaking one email! I have sent 8 nasty emails and they have not responded! Ok, ok..,I have now created a new BBB rating. Double minus F rating! Way to go Nutted Steer, you win the turkey!
Hey guys – I see a lot here about CS and responses. I work at RB. And i’ll give you the scoop. When we opened up we have to work with the monitor and the lawyers on a refund policy. That refund policy is still being made. And they are going to honor every refund the court says they have to. And also make sure that they can work with customers for missed service time and offering other services for free.
They have over 75000 customer and millions of people on their email lists. So when they opened up they got thousands of emails and they have few resources to open back up and answer them all in a timely manner. Every time you send ANOTHER email it slows down the process. I can assure you they have every intention of answering the emails but please be patient. They aren’t trying to scam anyone. They aren’t a fraud. They are overrun with emails and calls. Please be patient.
That’s all I can say. There is no conversation being had about not answering or servicing customers.
I guess you have a point…I can imagine that combing through terabytes of emails and all sorts of angry rhetoric is extremely difficult. First of all, thanks for coming onto the forum and addressing the issues, and giving your perspective as to what is happening behind the scene. It shows a remarkable amount of candor and it shows that you “get it.”
Regardless of all the negative commentary that I often post about Raging Bull, and the bad blood between Jason, Jeff, and myself…hopefully we can put it all behind us and look forward to a kinder, gentler, more transparent Raging Bull in the future.
In particular, a Raging Bull where the performance of the moderators is disclosed. Transparency is a good thing. I remain hopeful that Raging Bull moves in this direction.
If Raging Bull can do this…it will be a watershed moment for the entire industry. In fact, they could set a new standard and shift the entire dynamic of the entire industry away from continued entropy and disorder into one with basic standards of acceptable conduct, transparency, and fairness.
I hope that Jeff and Jason can see the massive implications of the path forward. They have a golden opportunity and will find no greater ally than TradingSchools.Org in this regard.
It is time to end the war. Let’s create a better future together, reshape the landscape of this industry, and be allies in this regard. We can do this. Let’s do this.
Part of me wants to reject what you just said. Like anyone who was scammed, I want scammers punished. That is the gut reaction. So really I want them to give back those 20 million they took in “unearned distributions” which should be enough to cover refunds to members and pay staff. Raging Bull can then close down and everyone – staff and owners – can go and find (honest) jobs. Staff can apply a bit more common sense to finding new sales jobs, rather than claiming they did not recognise scam as obvious as this . Raging Bull wives can take off their homeless cat fur coats and work as cleaners, plenty of demand for house cleaning from well-to-do Americans, we in UK certainly pay well for it.
But on the other hand, the whole point of what you are trying to do is to bring reform to the industry. The industry is not likely to go away. So the only way is to make it more honest. That is what you are striving for. Personally – I dont know if it is even possible. But I can understand it. Well done for extending a hand. Like you say this is an opportunity. Let see if Bishop and Bond realize it. Or if they can afford it.
It’s important to remember that they STILL have to deal with the trial and the FTC’s case against them. So by no means are they going to walk away with no penalties. It’s going to be harsh. The FTC is going to get their pound of flesh.
These types of cases usually play out, one of two ways.
The first and most typical is that the company simply folds up. The owners and employees scatter and start something new, usually with competing interests. Assets and restitution are hard to obtain because of bankruptcy laws and money is easy to hide. Although this might seem like the best option for consumers, as it gives them some solace that the object of their anguish is dead. But it doesn’t really solve the underlying problem.
The second is far less typical. This is where the company attempts to survive. Remember, the brand is so damaged and beaten up that to even contemplate this option is the far more difficult option. You have thousands of angry consumers, banking institutions that will not deal with the brand, a huge fine, sanctions, restitution, an army of lawyers to pay, a court-ordered receivership (baby sitter) that watches everything and needs to be paid, difficulties finding talented people that will work under the brand, the list is long and arduous. This is the far, far more difficult option and nearly impossible to actually execute.
But Jeff and Jason have decided to take the second option.
Turning them into allies and figureheads for reform is extremely important.
Trust me, Jeff and Jason have been suffering and this experience has been acutely painful, costly, and terribly embarrassing. They have had their names run through the mud and their reputations have been utterly destroyed. When they drive out of their driveway, the next-door neighbor peeks out of their windows and says “Oh that scammer.” When they go to the store, the grocery clerk looks at the bagger and murmurs “fucking scammers.” When they walk into the local bank, the tellers all murmur “that’s that stock scammer that got his accounts frozen.”
I know how all of this stuff plays out because I went through it myself. There must be an avenue of reform, even for the worst of us, grace must exist.
Lets see what happens.
Perhaps because of what you went through, you are a bigger person than I am. You are right. A way back must exist. I hope every idiot who ever said “Emmett Moore is a former felon so he cannot possibly ever contribute anything good” is reading this.
I am surprised on how soft you have gotten.
FUCK THEM they need to burn and be totally Annihilated.
Pay Back Everything, No forgiveness complete wipe off the face of the earth.
“Allies and figureheads” Have you gone MAD?
the landscape is totally different now, they will not be missed They just need to go away permanently.
very surprised at your suggestions .. amazed actually.
Wallstreetbets now rule the roost these guys are dead dinosaurs that need to be punished then erased from memory.
geesh Emmett don’t go getting all feels now. Their jugular exposed go for the KILL
Hey BigLou,
Raging Bull is already dead. What’s the point of poking your sword into an already vanquished enemy? The fights over.
Trust me, these guys have taken a gigantic beating. Their lives are completely destroyed. The money has been taken. And whatever remains will be taken by either the lawyers defending them or the FTC trial.
The jugular has already been torn from their necks. They are bled out. Totally defeated.
But this also presents an opportunity…what if they come back as something better? Something respectable and honest? I know, it’s a long shot. But it’s really all that’s left. Remember, I used to be just as bad, if not worse. And I reinvented myself into something a little less disgusting.
Reforming these guys represents the ultimate victory. And besides, there are plenty of heads to hunt in this target-rich environment! So many juicy battles ahead, not enough time.
“Reforming” is probably not what’s happening.
More likely, the marketers and copywriters responsible for propagating the scam in the first place (at the direction of JB/JB) have slithered on to more lucrative pastures: Based on the Monitor’s first report, there is no out-bound marketing permitted in the current phase. And without carrion to gorge on, the vultures move on.
(Given that the largest employer of vultures in the nearby region also has been condemned to find religion, I doubt that they head south.)
It also means that no new money is coming in at RB, business has to be bankrolled by the principals, from their own assets.
Almost 7 months into not making money, I bet teaching PE at some urban high school has started to look good.
Ragging Steer couldn’t create an auto response email with a ticket number that went out to customers explaining all of that?
Every email and auto responder has to be approved by the monitor. We are working closely with them to get through the process. It is tedious as we figure out how to get back up and running under the courts rules. So they are slow to approve things and the landscape of customer needs change every day. Everything from How to issue refunds, how to turn off auto renew, how to unsubscribe, who is eligible for refunds etc…
We really do love our customers. Every conversation every day is how to work through the queue and issue refunds where they are needed and extend services and offer free services to make customers happy.
All I can say is that there are 50+ people coming back to work to make trading products and education material viable for the trading audience.
I appreciate the lowered guns. It helps have a logical conversation. Many of us read this blog and lots of things that have been said are simply untrue or just so overboiled that they have vitriol attached – and rightly so – but they are still factually not true. Jeff and Jason care about this business and are working to do the right thing diligently ever day. I would not be here – and neither would the 50+ employees if the conversations weren’t holistic and on the up and up.
As to your question about ticket numbers and systems – all assets for RB were frozen and we lost all our tech and lots of data and right now we’re trying to get to the point where we can issue refunds and deliver product every day. That’s the first goal.
I think you need to distinguish the presence from the past. All current (apparent) good intentions do not extend to altering the past.
” Everything from how to issue refunds, how to turn off auto renew, how to unsubscribe, who is eligible for refunds etc…” should have been in place all along and because it was not, it is now having to be monitored and is therefore slow and complicated. Auto renew should never have been on. How to unsubscribe should always have been clear and doable. Refunds should always have been honoured. When members were effectively prevented from unsubscribing and their cards charged again and again – this was not “actually not true”. You didn’t ” really love your customers” then. So watch what you say.
Also a problem of mathematics. How do you get penny stocks to work for everyone? They only work with pump and dump. When you say that Jeff and Jason care about the business – let us hope it is true now but sure as hell wasn’t in the past. Otherwise they would not have skimmed 10 million each just before legal trouble started (source: court documents).
But yes like Emmett says let us look to the future. It is decent of you to post in a completely different way from most defenders of Raging Bull on this forum. Hopefully it reflects a real change in the company.
As a past customer of RB, I never had an issue with canceling a subscription. Automatic renewal is standard with every subscription service in every industry like streaming services, gyms, magazines, web hosting etc.
When I canceled various RB services I had bought I was able to do it via the settings and was never billed again so I don’t know where you are getting all those claims from but it was certainly not my experience. As to refunds, if I remember correctly it was written in the terms of the services I bought that they do not offer refunds. I bought the service having full knowledge of that as any customer should.
When you know those terms and you decide to buy something it is 100% your choice and responsibility.
RB is just something I tried on my way to becoming a profitable trader (like many other courses, services I bought) but eventually, I found no benefit in it so I canceled and moved on. I really do not understand all the hate they get. It seems like people cannot take responsibility for their own purchases anymore and cry ‘scam’ whenever they’re not satisfied with something.
When you go looking for shortcuts and easy fixes you should expect subpar results (like a stock pick service). That does not mean that it is the vendor’s fault. They provide a product that may or may not of the best quality but that is irrelevant. The marketplace is supposed to include everything, good or bad. It is up to the consumer to make that choice. Just like you wouldn’t expect to pay budget prices for a 5-stat hotel and then when you don’t get the 5-star hotel experience cry out ‘scam’.
Just the 2 cents of a very firm believer in the free market and personal responsibility…
Don’t do this. RB is just starting to make a little better job of it and like Emmett always says – the starting point is to admit it to yourself and stop looking for excuses.
Your experience apparently is very different from experience of hundreds of people who had their credit cards charged after they unsubscribed. Or wanted to unsubscribe and were jerked around in circle from phone number to which there was no response to email which told them to phone the same number. Where am I getting it all from? From people who reported this and it was enough for CFTC to start the investigation. Why are you asking me? Why not just ask CFTC for their reasons? Since it escaped their attention that you were OK cancelling.
I am not even talking about the quality of service which cleary you did not find valuable since you unsubscribed. Perhaps this was a while ago while it was still possible to do. Clearly at one point it turned into even bigger scam and they started fibbing and ignoring demands for termination of membership.
You are right that auto renewal is the norm but so is the ability to terminate it. Amazon recently mishandled my service cancellation. I phoned, waited for one minute and red them the riot act. They refunded, gave me £10 on top and apologised profusely. Can you imagine Amazon not answering the phone?
The capitalist crap you seem to be quoting comes down to: blame the customer for their stupidity (since they believed the advertising and bought the product). Nothing can be further from the truth. As I said once before, as a descendant from a family that suffered greatly in the hands of communists, free society does not equate to dishonesty, lying and fraud. Or it would not be free. If I sell cheap houses that are not safe and will tumble down and kill someone, it is not their fault or responsibility. It is mine. They are not all builders or architects, they weren’t to know.
I’m sorry but you cannot compare a matter of physical safety (such as the construction of a house) to a trading education site/stock pick service just like you cannot compare a medical drug to a book. The level of responsibility that a vendor needs to bear varies greatly with each kind of business. Real life is not all black and white as many simple-minded people seem to believe.
Having run several businesses in my life I can tell you that you can offer the best service, provide exactly what you advertise and do everything for your customer and you will STILL get people who will be impossible and negative about literally everything. Now multiply that to a business the size of RB with hundreds of thousands of clients and I guarantee you there will be at least a thousand in there that will be not be satisfied no matter what whereas 99% of the other customers will encounter no issues at all. Tell me, is this a reason to shut down a business?
In my experience as a business owner, a customer who had a bad experience or is just negative in general is at least 10 times more likely to leave a negative review than a customer who had a positive experience is likely to leave a positive one. The reputation of a business gets, therefore, very negatively skewed. Similar to how the news will focus almost exclusively on every bad thing happening in the world and make no mention at all of everything that is working perfectly well in day-to-day life. Just some food for thought.
You hit the nail on the head. Not everyone can build houses. You need knowledge and responsibilty, like for many other businesses. You will still get some people complaining – that is the reality.
But anyone – literally anyone – can open a stock picking service without registering as CTA. With no knowledge that they have to prove first, and no responsibility. Just as long as they can finance the internet advertising machine. And you will get not some complaining, you will get many. Enough for CFTC to get interested.
What’s the point? I don’t know what kind of business you are running or used to. But hopefully with this knowledge you will steer clear from trading ideas that never actually worked for you so they won’t for others. Or they will complain. In large numbers. Just some food for thought.
Looks like you missed every point I was making entirely. That’s okay, hopefully, someone else reading my posts will understand. Just wanted to share my opinion and experience. Have a nice day.
I haven’t missed anyhing. I just disagree and evidence it. Have a nice day.
Yeh you’re just bitter and anti-capitalist. The complainers were just a small fraction of the total customer base. With over 200,000 customers over the years, even 1% is 2,000 whiners. All businesses have them and this is the same.
God help us if this is the future of capitalism. My grandad will be turning in his grave. For the last time – people have had their credit cards charged against their permission. Whiners ??? One per cent ???
Capitalism’s foundation is not fraud, deception, & misrepresentation. You must have misread your Adam Smith. Indeed, the deceptive over-promising of benefits, the under-delivery on them (with garbage goods), and then the prosecution of those who dare complain that they have been duped is a hallmark of a planned economy (i.e., socialism). Ask any Soviet emigrant.
For that matter, peddling stocks/options is not really a core exercise of capitalism, either, but a parasitic rent-seeking by-product. (“Trading” produces no added value to a product.) Neither is peddling advice on how to peddle based on deceptive promises.
I find your observation interesting, however, as I have noted that Bill Bonner (who pretty much invented this entire industry and is still its largest beneficiary) is now openly apologistic of Bernie Madoff. After all, his victims “only lost 25%”.
Of course, Bonner now also has the FTC embedded in his business, had to rename his core business into something ludicrous, and will be reporting to the Feds for the next 20 years…
Quote from my answer to Mac above:
“The capitalist crap you seem to be quoting comes down to: blame the customer for their stupidity (since they believed the advertising and bought the product). Nothing can be further from the truth. As I said once before, as a descendant from a family that suffered greatly in the hands of communists, free society does not equate to dishonesty, lying and fraud. Or it would not be free. “
It appears you misunderstood me. I am disagreeing with Nads’ idea of capitalism as “anything allowed”. My ancestors took care of their workers. That is why my grandad will be turning is his grave. Fortunately most capitalists will not be like Nads.
As soon as someone trots out the “you’re a socialist or you’re anti-capitalism” accusation it’s a better than even bet that we’re dealing with someone who hasn’t got a grasp on the meaning of those words. Socialism provides things for the benefit of society. It is needed to soften the profit at any cost aspect of capitalism. Societies with people who aren’t afraid of words or who have a population that understands what words mean are amongst the happiest in the world, they are also countries that have chosen a middle ground between the extremes of socialism and capitalism. https://www (dot) gfmag (dot) com/global-data/non-economic-data/happiest-countries
Whiners? I tried the service, it didn’t work, I asked for a refund. I don’t want them to “return” anything I lost because I suspect my actual real money losses were nominal. What I want is a refund. Period. I’m not “whining”. The product did not work for me therefore, I want a refund. That’s like saying people that want their money back on a defective product are just “whiners”. Amazon does it no questions asked. New Egg does it, no questions asked. Or at least, I’ve never had any problems.
I had a rather expensive Corsair mouse for my computer die on me 2 years after I bought it. I was floored when the company said to send it to them. I did and received a new one. I didn’t even expect that, I was just asking about an upgrade to the coding that killed the mouse fully expecting to be told that it was permanently dead. But they did it anyway, even though I pointed out that I really wasn’t eligible – I probably screwed up the update. THAT’S customer service.
Pretty words. I. Want. My. Money. Back. Period. I’ve been trying since last year. That’s all I want. They should refund everyone that wants one with no “eligibility”. That’s crap.
The current RB employee’s narrative should give pause to those die-hard RB fans who still claim that “the judge was not impressed” by the FTC’s case:
Consider that every step in the court-appointed Independent Monitor’s process is a reflection of the judge’s order.
Yes, the vendors of various necessary services (cc processing, email processing etc.) have been lost and must now be brought on again. But look at the Receiver’s report and you will see that RB was already going through vendors like a Democrat at a free-for-all Chinese buffet. Vendors had been dropping out left and right bc. of the extreme amount of refund requests and of spam complaints (those are euphemistically called “Deliverability Issues” in the industry.)
The only vendors happy with RB were my learned colleagues suing unhappy customers into keeping their mouths shut and their complaints to themselves.
The fact that the court-appointed monitor takes so long and has to approve any scrap of text that goes out to the customer means that the court has little to no trust in the business and compliance processes of RB as they were handled prior to December 2020.
The amount of revenues and profits (if any) generated by RB under the independent monitor (say, from July to December 2021), scaled to size and accounting for reputational damage, will also provide a benchmark against which the results of prior years will be measured: Q3 & Q4 revenues will be what you can make if you run an honest business without lying to your prospects and without denying refunds where they are due.
My bet: They’ll be lucky if they crack a mill in gross revenues by Jan. 1.
lol they already cracked it in 24 hours from yesterday – selling lifetimes to existing subscribers. You really are retarded lol hate to think how bad a job u did for your previous clients.
Do you have some evidence to support your claim?
… then they have only $99 million to go after picking the low-hanging fruit, eh?
I always stayed away from conmen as clients, so it’s hard to speculate how bad a job I could have done. Prefer myself a good, clean drug dealer over a slimy white-collar criminal. Less ethical grey tones, if you know what I mean.
Is this even legal? Coming here and basically telling the customers not to send emails and hope they will be afraid to follow up on their request. I will forward this to the monitors and the investigators…
That’s not what the RB employee did.
come on dude he came on and was super helpful and polite – I found his input useful and enjoyed the less hostile tone. Takes a strong person to come on this hate filled cess pool and carefully explain that stuff.
Good evening shill.
Thanks BD!
got a response from the monitor. This is what I responded..
I have sent at least 8 emails to RB asking that my account be cancelled! My emails were nice at first and in the end I am getting really pissed off by their silence!
One of the reasons that they were flagged was by their F rating by the BBB!
I read the horror stories and realize how fraudulent these people are!
I cannot cancel my account on their website before or after the court action!
This is garbage!
Please help me get my personal information off of their books!
Did you know even during their shutdown they had the balls to send me a notice that they were going to charge my account?
I am utterly speechless that they are allowed to continue to operate.
Please help me,
Dispute with your credit card company/bank.
So, i’m reading this site and its crazy! Emmett Moore the convicted felon going on about how scams are bad etc!? Then BoonDoggle is a professional liar (lawyer) is critizing all stock alerts services as well!? Are you guys for real? Is this a spoof site? Do you guys realize how ridiculous and ironic this is!?
Oh, look at li’l Petey, pretending to be all tough and grown up. Adorable.
You have missed the point entirely. This site reviews stock alert and education services for their quality based of verified evidence. A key part of that evidence is can they demonstrate that they make real profits trading what they are selling. In Ragging Steers case that’s a resounding “No they can’t.” Criticism of Ragging Steer is justified for this failing this criteria and for the way they have treated customers.
Go look them up on the BBB before you bother to even talk about this site!
speaking as a ragingbull employee… we may be “reopen” but trust me we’re not making any money. they’re expecting people to work for free right now, and the target date for paying us had been pushed back like 3 or 4 times already.
Are people being loyal and doing it? That is what is needed for good to triumph over evil (Moore).
Why don’t you go ahead and buy life time subscriptions to 3 or 4 products?
This way, RB employees can eat, your expense will be minuscule compared to all the profits you’ll be making, and you can prove to Emmett just how much you value the services.
I am already lifetime Elite member.
Buy another one!
I’l buy another one if you record a video saying ‘Hi, I am a professional liar for a living and I suck Moore’s ding dong’ then post it here.
Why is it that inability to give an intelligent and sensible answer resorts to vulgarity? If you have something to say, say it like a man. Don’t reduce yourself to this.
I appreciate and somewhat understand your interest in other males’ genitalia (and do I have a doozie!) — what you’re saying is that you’re not considering spending any more money on RB products.
Fair enough, I wouldn’t either, considering the potentially foreshortened shelf life of any lifetime subscription…
I can accept but don’t share your interest in other males’ genitalia, but to each his own.
So what you’re saying you won’t be buying additional RB products. Fair enough, I wouldn’t either. Especially considering the compromised shelf life of RB lifetime subscriptions…
PeterS surely since you are a lifetime Elite member you have learned enough that you no longer need the Ragging Steer training wheels and you can make millions of dollars on your own with the knowledge you have learned. Gillian will help you. She’s provided her email so you can contact her and you’ll also be making 20K a month. I mean she wouldn’t lie about that would she? Although she has been very quiet since being invited to send Emmett proof of that claim.
Being loyal! For good to triumph over evil! These shysters have taken millions from the company and they’re asking people to work for free! Talk about evil and lack of loyalty.
Ugg. The paid employees have really taken this the hardest. Am really sorry you guys/gals have been made to suffer.
The devilish part of this business is that the skills required and developed in running these scams do not translate into any other industry. People trap themselves in jobs that leave them stranded and condemned to move from one scam company to the next unless they completely change careers.
A prosecutor I know (with considerable experience in this business) uses to say it’s like dealing drugs on the street, “only difference, you don’t have to keep your stash up your ass.”
So true. People trap themselves in these terrible jobs. But the “trap” does not happen overnight. Its a slow corruption as most enter the field because the business has the initial veneer of legitimacy, but over time the employees start to realize it’s all a scam. But they cannot or will not walk away because the money is easy. Eventually, the scam, like RB gets shut down and the employees are encouraged to blame the customers, the whistleblowers, the FTC, the blogs, the big government, the ‘whatever’ excuse they contrive to justify what has happened.
But the truth is the employees of RB need to first accept that RB was simply an investment scam from day 1. And no amount of fixing or dressing up a scam business is ever going to make it legitimate. Many will become cynical as they have been basting in the corruption and they will simply accept that “this is how the world works” and “I might as well get mine” attitude.
But this is so wrong. I wish these employees would only understand my story. I got started in the boiler room industry at age 18 out of desperation. I was slowly corrupted and become cynical. Pretty soon I didn’t care about anyone else but “getting mine” and I didn’t care who got hurt. Wow, what a mistake. What a horrible life mistake. All that wasted time in my life spent in boiler rooms running scams chasing that easy dollar. Ten years of wasted time.
Sure, the civil regulators came and shut me down several times. But the civil regulators, like the FTC can only slap your wrist and give you a fine. It wasn’t until the FBI showed up and put me in a concrete box did I finally start to understand how deep down the rabbit hole I had traveled.
Any former RB employees out there need to understand that your future is very bleak with these guys. And it will remain equally as bleak with the next group of scammers offering “get rich quick” investment nonsense. It all ends badly. It always ends badly. I wish these RB employees would wake up.
It is quite tragic because, in general, the pay of the average marketer, editorial assistant, and especially customer service rep in this industry really isn’t all that great to begin with. The only ones raking in the dough are the top copy writers and the gurus.
All are immersed in a hermetically sealed echo chamber, where everyone is busy blowing smoke up the apex parasites’ collective asses — not based on what they are actually doing for the customers, but only on how many people they can swindle into buying mostly mediocre products with outlandish lies.
People actually start believing they are part of a legitimate business, until they realize at some point that no-one, least of all anyone in the regulated financial industry, even knows what they do and who they are.
It is instructive to read the reviews of current and former employees from companies in this industry on Glassdor etc. — especially those companies who’ve had the nuns of the FTC whack their fingers with the regulatory rulers.
Suddenly, all the free shrimp cocktail, parties, happy hours paid for by defrauded customers are gone, the regulators are riding herd on what they can claim in their marketing, and the products suddenly have to stand on their own. And mostly can’t. And your resume is stained forever by a series of companies known for nothing else but their fraudulent advertising…
Well written.
Agreed this is well written about this traducation scam industry itself about what these staff do to sustain these guru scams. Some examples. I recall calling up an options education “office” and the secretary said she was “learning” herself as well. I asked about the “real” account of what was shown in the room, and I barely heard the guru quietly tell her to say “3 million” live account. Of course later on in their yt recorded videos it was shown that their ToS accounts were in the paper-sim mode as whoever recorded them got sloppy and showed the part where any Thinkorswim user could tell it was the paper version. Geez, I wonder how many times these secretaries always say they are “learning” too, year after year. And remember “Crystal” the actress instructed by Ross Scameron, how trading was going to help her and her child with extra income. I bet nothing has come from Scameron’s “teachings” and she’s still probably trying to get some other acting gigs, long giving up on the actual trading if she ever tried the WT way. Most likely they all had losses, while Ross as usual points out the big winners per week like no tomorrow, same as when I saw his room back in 2016.Another example I saw years ago. “Mandy Ditmire” as a secretary or whatever for John Carter’s simpleroptions.com which I trialed. (another boondoggle course upselling scam. also they never followed up on their many option spread call losers). It turns out she was also a staff at “Rockwell”. The Fritz guy exposed their scam years ago and mentions Ditmire in his blog. (https://rockwelltradingscam.wordpress.com/home/). And more recently RagingBull’s refund-denier staff. Wow, these staff are expert and denying refunds and getting concerned clients signed up (even sometimes behind their credit card) to even more sets of new, and invented worthless “advanced” newsletters and signals. So what experience is required. Oh, maybe this staff pricks were good at avoiding collections and their phone calls, so yeah, maybe that translates into giving these poor sucker clients the runaround from their rightful refunds and still on the carrot stick of new, more “advanced” newsletters and services, which only effectively suckers them into more subs for another periods when all they really want to do is get out of their sunkcost and losing current subs and maddening churn. And some gurus, plenty of them were former retail attempting traders who never learned to win consistently at trading, but got stuck into it and compromised themselves into becoming vendor scams. Unfortunately I know of at least two or three members of futures.io/bigmiketrading over the past years who became scammy vendors themselves selling some futures trading system or a set of useless indicators , and of course never proven with live trading. So always best to keep one’s day job or regular career instead of dropping everything to attempt a “life” of trading.
Also another good small recap of your story Emmett in this subthread. You had your real turning point with the FBI rounding you up and going to jail, which you relayed was a terrible experience and then finally waking up. And you’d done invaluable recompense to the retail trading community, as tradingschools has probably saved countless thousands from getting their fortunes or savings ruined by several exposed vendors reviewed here. Certainly more good and effictive work than that Belfort clown ever did with his reformed post-hustler life stage. Good paragaphs like these spread throughout some of your comments in these various reviews. I hope the “warning” page gets revised in the future with more of those details, or your future bestseller book about trading scams and being a whistleblower comes out someday, haha. As for RagingBull and other scams like them, those principals need to go through what you did, or at least tied up and arressted on camera in front of their duped chatroom or worthless newsletter followers like Laandgarten was and carted off by the FBI. This scammery is never going to end, but at least these worst example such as “Ragged Steer” as Stray likes to put it could be shut down and carted off by the FBI and setting an example and a wake up call for all those who got duped or could potentially, by their annoying yt videos and ads.
I guess the millions in “unearned distributions” that B&B took last year (as per the receiver’s report) are still in escrow for refunds. If all the remaining customers are as ecstatic about the services as Gilligan and PeterS make it sound, there should be plenty left of the $10m that the court ordered B&B to cough up.
Meanwhile I’m left wondering why the gurus don’t earn their employees’ comp by plying their amazing trading $kill$… should be a snap to cover payroll.
Buy all the packages using your employee discount, then trade exactly like your guru bosses recommend in their scam sheets, ahem, newsletters; trade sheets, crapola etc., and become a millionaire like your bosses. Why not? Do you not believe in the products that you are pushing?
There is no conflict of interest. You are just a peon, which is why you are not getting paid right now. Just follow the recommendation of the gurus, then when you make your millions, you can just show them the middle finger on your way out of the door. You can add a good “Fuck you” for an exclamation point.
In response to everyone who commented on my comment — I’m not working there anymore because they can’t pay me. Not working for free. Myself and a bunch of others joined not really knowing all the bad stuff going down in the company. It was a job (in a financial company no less, looks great on a resume under normal circumstances) and I took it. We were selling products, a pretty typical thing to do within any company. I don’t use the products, it’s not like I could afford them anyway. I have a new job. I’m not loyal to RB. I just would like the money they owe me from 6 months ago and they keep finding reasons to delay paying us. There ARE a bunch of people who are still working there, full time, for free. I don’t understand them. The assets are unfrozen so there’s literally no reason they can’t just pay everyone (employees doing front facing stuff who had no knowledge of the fraud, customers who got ripped off, etc.). They’re stalling because they don’t have the money. Yet they continue to tell everyone they have the money. My former colleagues believe it and it scares me. That place is a cult.
The Md. Department of Labor is your friend in this matter. Read up on wage liens right here:
https://www.peoples-law.org/maryland-unpaid-wage-lien-law
Typically, filing something like this (or just an attorney’s letter) puts a spring in the step of tardy or negligent employers…
Wage theft in Md. entitles you to treble damages. Just saying’…
Nice try Emmett….better luck next time though. RagingBull is back even better than it was previously!
If their trades make a profit then they will be better than last time but if all they achieve is to profit again from subscriptions then how will that be better than it was previously? But I am waiting, with huge excitement, for when Gillian sends her broker statements and details of the trades that are a result of Ragging Steer’s recommendations to Emmett. 20K a month for how many months, that will exciting to find out about.