Investors Underground Review

Investors Underground
  • Honest
  • Quality
  • Cost
  • Support
  • Verified Trades
  • User Experience
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Summary

A slippery hustler of a penny stock promoter that has figured out how to parlay sophisticated Pump And Dump deception into a new venture of selling worthless DVD’s and subscription trading advisories.

Pros: Very, very slick marketer. Is extremely skilled at harnessing the implicit legitimacy of Profit.ly into massive amounts of sales of DVD's and monthly advisory newsletters.
Cons: Trades cannot be verified. The chat room is a poor quality experience where no specific trade entries from Nathan are given. Yet another trading charlatan that will not verify real trades.

A Closer Look At Nathan Michaud and Investors Underground

Investors Underground

Investors Underground

Underground Scan Advisory

Underground Scan Advisory

In today’s review, we are going to take a closer look at Nathan Michaud of Investors Underground and Investors Live. Both Investors Underground and Investors Live are stock day trading rooms that offer live trading recommendations for a monthly fee of either $197, or $297. In addition to a live trading room, Nathan Michaud also markets and sells an educational DVD titled Textbook Trading for $1,197 and another educational DVD titled Tandem Trader for $1,147. Both of the DVD’s proclaim to teach you all of the techniques and talents that you will need to make money. How much money? A lot. Millions of dollars. In fact, on Profit.ly, Nate proclaims verified gains of $6,700,000 from the Investors Underground subscription advisory, as well $226,000 from the Underground Scans advisory, and then finally a profit of $4,180,000 for the Underground Elite advisory. The following are proclaimed to be verified gains from actual account statements that were uploaded directly from brokerages and are certified “tamper proof”. The profit.ly platform was designed and is maintained by Mike Mosseri, whom I have conversed with multiple times regarding the veracity, honestly, and robust fraud prevention techniques at Profit.ly. Mike Mosseri stands by these numbers.

Investors Underground Elite

Investors Underground Eliteveracity and authenticity of his platform.

Tamper Proof Millions?

As I look at these equity curves, I really am amazed at the marvelous slope of profits. In only a short period of time, just by purchasing a DVD and copying the Investors Underground Trades, I too can have the possibility of starting with nothing and being a multimillionaire within a couple of years. And since all of this comes with a guarantee that all of these trades were executed, why should I not just quit my day job and become a millionaire trader just like Nathan Michaud?

Is Profit.ly Really Real?

Well folks, unfortunately Profit.ly is literally a vipers den of hustlers and cons submitting fake trading data. In fact, I am so sure that Profit.ly is total BS that I set out to be the VERIFIED WORST TRADER on Profit.ly. You can read about the BS of Profit.ly by reading either of my previous posts Located HERE and HERE.

Back To Nathan Michaud

One of the things I enjoy about Nathan is how well he markets his service, and the slick approach that he executes the marketing strategy on a daily basis. On one platform….Profit.ly, he is active and uses the platform as a proxy performance location where “real trades”, from supposedly real account statements are posted. Profit.ly is a massive traffic source that lead directly to his website. Which of course is strangely devoid of any Profit.ly charts showing those multiple million dollar trading profits. And so, on one hand Nathan is using the implied  third party credibility of Profit.ly, and on the other hand, which is his website, he does not need to show massive trading profits. Showing massive returns on his main website only opens him up to scrutiny. However, Nathan was always not so careful, in fact he used to constantly trumpet his Profit.ly success on his main website. You will not find any trace today, however if you were to peruse Archive.org and search www.investorsunderground.com, you will find that Archive.org actually randomly saves screen shots of previous website images and text. The image that you see to the right was scraped from Investors Underground ReviewArchive.org. I dont know about you, but verified profit of $9,000,000 for Investors Underground seems a little rich. The best part is that this supposed profit happened over ONE TRADING DAY. Amazing! Sign me up!

Of course, I have had quite a few doubts for several months about Nathan Michaud. I have reached out to him multiple times. I always ask the same things, can you send me a spreadsheet of the trades that you called live in your trading room? I want to see if the live calls inside the live trading room really match up with the Profit.ly services. Ask, ask, ask. I try and try and dig for the truth. Thus far, the only thing that Nathan will provide are the logs inside the chat room. He says that everything is revealed in those logs. What you see below are a typical day’s trading logs, which contain all of the proof that I need (so says Nathan). Have a look…the following log is from March 11, 2015, and according to Profit.ly, nearly $100,000 in verified trading profits were accumulated during this single trading session. See if you can find the profits, this is what Nathan Michaud sent me, this is supposed to constitute as proof of his trading success.

Untitleddocument

Well, if you are like myself, after reading this hodgepodge of word scramble, then you are probably more than a little confused. However, perhaps confusion and misdirection are all part of the ruse? Perhaps there is a certain genius to the method of providing information from source A, which implies credibility and then using this information to induce someone to take action at source B. I dont know, but the more I look at this and think about this, the more this whole thing appears to resemble a stock manipulation or a pump or dump. Did I say pump or dump? Yes. Lets continue.

Slick Marketing, Deception, Pump And Dump, Nathan Michaud

How did Nathan become such a deceptive marketer? The truth is that he got his start a few years ago as a pump and dump con artist. What is this? A pump and dump is where a slick internet marketer colludes with a penny stock operator to create artificial demand for a virtually unregulated security. The scheme is pretty simple actually, you create a bunch of internet press releases touting some incredible breakthrough for a little known company, and then have several counter parties that hold large portions of virtually worthless penny stock trade huge quantities of worthless stock among themselves. The effect is to create a massive amount of hype, fake wealth creation and huge trading volume. The volume, internet hype and hysteria begins to take on a life of its own and the price of the worthless penny stock spikes higher. Once the spike hits, the promoters quickly dump the shares of stock for a profit. The little guy with the stock trading account loses his money. Pump and dumps are fraud. But at their heart, its all about deception. Creating the illusion of something legitimate and exciting happening at location A, while steering the target into location B, and location B is where the profit motive is executed. So, within the context and relationship that Profit.ly and Investors Underground currently coexist, it becomes highly apparent that Nathan Michaud has taken his learned power of deception in promoting penny stocks into a similiar parallel relationship in selling fraudulent investment advisory services. Great for Nathan. Probably not for you.

Digging Deeper

Some of you might not need to read any further. However, if you are interested in learning more about Nathan and the pump and dump culture, you really need to understand some of these colorful characters. In Nathans last pump and dump, he was fined nearly $100,000 from the Securities and Exchange Commission. You can read all about the complaint below, I found the scheme quite interesting and reveal that depths and levels of deception that some of these characters will explore…

nathanmichaudfraud

The Criminal Investigation

The document that you read above is the result of the SEC and a civil investigation. However, once in a while a civil fraud investigation will be so egregious and damaging to the public trust that the SEC will refer activities contained within the civil complaint to the Department Of Justice for criminal prosecution. The SEC is civil, the Depart of Justice works with the FBI and that means fail time. If you follow the progression of the criminal complaint, you will find that 6 of the 8 original defendants all served lengthy prison sentences. One defendant in particular, Pawel Dynkowski has yet to be arrested and remains a fugitive. Of the original 8, I was curious about Nathan and how he and one other person escaped prosecution.

Last month, I contacted Investors Underground and asked if Nathan would like to comment on the civil and criminal portions of the case, specifically how his co-defendents went to prison and he avoided it. He proclaims that he is innocent and since he did not go to prison, this proves his innocents. However, the truth is a little more complicated. I next contacted the US Attorneys office that prosecuted the criminal portion of the case and requested comment. They would not speak with me. However, the investigator for the Securities and Exchange Commission was more helpful. We talked about the case, the particulars of these types of frauds and how these cases are typically resolved by cooperative individuals that agree to talk, cut a deal to explain the intricacies of the scheme, and pay a fine. Such is the case of Nathan Michaud. His close insider testimony was crucial in the SEC’s investigation. In short,  the smaller fish, Nathan Michaud avoided criminal prosecution by ratting on the bigger fish, Matt Brown and various other participants. In addition to cutting a deal to avoid criminal prosecution, he also paid a fine of nearly $100,000.

I dont know about you, but a fine and the actual paying of $100,000 is serious. Nathan can claim that he is innocent and that he was actually the victim. But in speaking with the case investigator at the SEC, and asking the investigator if Nathan was actually the victim brought out a long and hearty laugh. In fact, the investigator said that the people that operate these pump and dump schemes are rarely ever prosecuted, and to think that these defendants had not operated many times prior, and many other frauds is a laughable prospect.

Wrapping Things Up

Nathan Michaud has a huge amount of customers. Many of whom act like he is some sort of financial Jesus. I will definitely be lambasted and attacked for writing this review. But at the end of the day, I have written what I believe to be the truth. And the truth, to me is pretty obvious. The obviousness of this is that Nathan Michaud has parlayed a career of scamming penny stock investors, into a new career of selling bogus educational products. He has taken the same basic principle of deception and moved it a new medium, a new platform. Well that’s if for today and thanks for reading. Don’t forget to leave your comments below.

 

 

 

 

 

 

 

 

 

 

 

 

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92 Comments on "Investors Underground Review"

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Karen H
Guest

There is a spin-off swing trade service, Trade On the Fly with Michele. They do daytrades in chat, again no entry verifications. Website has swing trade ledger with entries and stops given, also % gain or loss, but no definite commitment on trades from Michele…statement at top of ledger, “I may or may not be in any of these trades”. Seems like a legit service overall. Would be a good one to review in the future.

Stray Dog
Guest

A quick check of investimonials site will reveal that all references to Emmett’s review of Nate and his various products have been deleted. You’re making a difference Emmett.

Alexander jones
Guest
Alexander jones
Emmet, Thank you for taking the time to write this review. I’d been considering joining Investors Underground for some time now but the more I research the more skepticism I develop. I’m a “rookie” trader with not much faith in the direction the economy is heading in and don’t trust that this “bullish” market will hold much longer. I’d like to begin putting my money into a source that will be able to profit if the market is to crash again. In my research, I came across another “guru” Mike Dillard who seemed to have the same views as I.… Read more »
Brian Fortin
Guest
Brian Fortin
“I’m a “rookie” trader with not much faith in the direction the economy is heading in and don’t trust that this “bullish” market will hold much longer.” I’ll second Emmitt’s opinion that you are your best trading resource. Spread your nets wide and use logic, no single guru will teach you as fast a 2, or 4, or 8, or 16, you get the picture. And most of these people won’t charge you. I really don’t believe in trading instruction until you reach an impass and you have to pay for a diagnosis. Until then, the learning curve is so… Read more »
Stray Dog
Guest

Brian … What a great explanation of the importance of risk management.

RV
Guest

And to address the issue of the markets are total bs (and I couldn’t agree more)
as well as the importance of adapting a probabilistic mindset (casino mindset)
I highly recommend not even attempting trading without first reading Trading in the Zone by Mark Douglas.

-Best
-RV

Tom
Guest
Thanks again for your many reviews, Emmett. Over the years, we have heard from numerous gurus and other traders who claim to be successful and that all they want to do is help others learn how to trade. I am sure some of them actually care about helping others. But I would bet that if one is successful at trading, they could be far more profitable playing that game then trying to sell advice. It goes to prove how gullible we all have been at one time or another. Nothing comes without a price. For example, If a million would-be… Read more »
Toby
Guest
Hi Tom I’ve been for 5 years now in market. Been through lot of rooms, but to my luck, I’m very defensive with my money and that saved me. Only last year I started making profit on constant basis. My experience, on long term no day trading room is going to make profit. There are many reasons, but first one that promoters live and make most of their income from people in room, not their trading. Second thing, but most important, if you had a good system would you sell it, and risk for it to become less effective, or… Read more »
James
Guest

Toby, I’m wondering if you would share what you think was your breakthrough last year. Thanks.

Goldenbones
Guest
Goldenbones

Hey Emmett, have you viewed tandem trader or textbook trading? If so. Are the DVD’s worthless in your opinion? Or are they of good use. Thanks Emmett!

Hounddog
Guest
I’ve gone through the videos. They are a lot of sped up live plays for the most part. The style is very hyperactive and full of Nate-ism explanations that don’t make sense unless you understand what is is saying. There is no help in helping you actually find what plays you should be playing. If you can learn from something like that, they are at least somewhat useful. Personally, when I am trying to learn something, I like someone to show me what they are doing at a pace that doesn’t require constant pausing and replaying, and use normal understandable… Read more »
James
Guest

Nate’s setups don’t even make sense. That’s because he doesn’t explain the setup itself. If you ran a filter looking for a certain stock, wouldn’t explaining that filter tell you what price behavior you’d be looking for? Of course it would. If I threw a bunch of symbols at you, what would you do with them?

Scott
Guest
Thanks for this detailed post. I am a trader myself but I sell no educational products and don’t try to make myself famous on social media. I have heard of these “guru” traders and, based on the hype and attention they were getting, I really thought back then that they are some master traders too that I can learn from. But the more I dug into them, the more I felt they had nothing really worthwhile to discuss when it comes to trading. I also joined CameronFous’s chatroom last year, but after a 2 month experience of him coming in… Read more »
osi
Guest

hi is it possible for y to teach me?

Jake
Guest

Scott,

I am just getting involved in trading and doing as much research as I can before jumping in. It’s so hard to tell the real from the fake in this industry and I feel like most of the ‘real’ successful traders are never going to brag on twitter or their own websites. Which makes it that much harder to make a network of honest traders. I am looking for a mentor or somebody to talk to a little more that has an honest view of getting into the industry. Let me know!

Mike Bahia
Guest

What a post full of Misinformation

Clinton
Guest

Nathan Micaud needs to publish his legal tax documents to prove the truth. It appears he makes his money via sucker subscribers and DVDs sales. Only a slimy business shyster would refus to do this. Anyone who disagrees with this is not thinking rationally. Come on Nathan!! Get an independent accounting firm to do this you lowlife!!

Reviews
Guest

IU chat is defintely not easy for a new trader, and honestly you shouldnt expect any detailed answers intraday in the middle of trading. Nate does a very good job of answering questions in detail during his weekly webinars, he also has an extensive archive of past webinars which pretty much answered 90% of questions i had without me needing to ask. Just my opinion thx

MYnameisMarc
Guest
MYnameisMarc
I was a member of IU for a year, bought my yearly subscription after I tested it for one month. I followed Nathan before on Twitter and my expectations were high. Before joining IU I spent a year. trading, reading and learning about trading. As trading was never my primary source of income (and it will never be) I was not worried if I lose money, I just wanted to learn to trade properly. If you are starting with IU, prepare to buy at least 1 or 2 DVDs. First one is called “Textbook trading”, the second one is “Tandem… Read more »
Johnny
Guest

Was IU member for a while…..this is an honest and accurate review!

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