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Here we go again, another Futures Truth Magazine/Dr. Dean Handley “Global Trading Titan” turns out to be a massive fraud and a phoney. The CFTC filed an injunction to immediately halt the operations of Open Range Trading and Jody Dupont.
CFTC investigators revealed that the entire scheme was a fraud. The reported trading results were all phoney, the owner of Open Range Trading was a net losing trader with no trading account, yet traded from a simulator and faked the results.
Yet another black eye for the trading educational industry, Dr. Dean Handley, and Futures Truth Magazine.
Huge thanks to the CFTC investigators that thoroughly investigated the fraud and took action to shut it down.
Thanks for reading today’s update of Open Range Trading
What is Open Range Trading? The website is day trading educational company, with a website hosted at www.openrangetrading.com.
The business is owned and operated by a person named Jody Dupont and has been featured in Futures Truth Magazine as one of Dr. Dean Handley’s “Trading Titans” for nearly two years.
Open Range Trading operates a live day trading room priced at $250 per month and educational packages priced up to $25,000 per person.
Claims of Profitability
Open Range Trading made some very aggressive claims of profitability. A review of the Facebook page revealed nearly 100% winning days, weeks, and months.
In addition to aggressively marketing on Facebook, Open Range Trading also made claims of outrageous profitability on their Twitter account.
Dr. Dean Handley
For most people, when they see a trading educator claiming 100% investment returns, every month, for two consecutive years…they assume fraud. I think most people did. As least the sane minded folks. However, a great majority of the people that did purchase this day trading dream, did so based upon the supposed credibility of Dr. Dean Handley and Futures Truth Magazine. As a matter of fact, Dr. Dean awarded Open Range Trading the highly acclaimed “Trading Titan” award. Which is the best darn award that can be purchased for $695 down payment and $300 per
However, some folks chose to suspend common sense and instead rely upon the supposed credibility of Dr. Dean Handley and Futures Truth Magazine. As a matter of fact, Dr. Dean awarded Open Range Trading the highly acclaimed “Trading Titan” award. Which is the best darn award that can be purchased for a $695 down payment and $300 per month.Dean Handley Review
Unfortunately, it turned out that the supposed “real money” results posted by Open Range Trading were not really “real”. In fact, there was nothing real whatsoever. The following emergency injunction, issued by the CFTC is alleging a massive fraud. Some of the CFTC’s investigation included the following:
- Reported results were fraudulent.
- Defendant claimed to be trading with a real trading account. In actuality, defendant did not have a trading account.
- Defendant claimed to be a futures trader for 20 years. In actuality, defendant had traded for less than a year, prior to Open Range Trading.
- Defendant prior trading experience included two live trading accounts – both traded for less than a year, and both traded at a loss.
- CFTC reported that all of the trading results reported on the website, and social media account were wholesale fraud. None of the results were real, and simply created for marketing purposes.
In the past two years, complaints of fraud regarding Open Range Trading have trickled onto the TradingSchools.Org blog. We have suggested that defrauded parties file reports with the CFTC.
Specifically, complaints should be filed with the enforcement division through the following link:
Filing complaints is easy. And the CFTC always responds. In fact, they usually respond within 14 days. The process is simple and discreet. You will be contacted directly by a CFTC investigator and schedule a telephone interview. The interview process is simple and the CFTC investigators are thorough. Once the report is filed, then you should expect to wait for a period of several months. The investigation process takes time.
I can tell you in my own experiences in dealing with the CFTC, they are very effective. And very much not appreciated. There seems to be a large undercurrent of opinion in our society that various regulatory bodies are wasteful, bloated, and ineffective. But I can tell you from direct experience, the CFTC is lithe, streamlined, nasty, and take investor fraud very seriously. The main problem that I hear is that most people never file complaints. Once they discover that they have been scammed, they are embarrassed and want nothing more than to forget the negative experience.
But this attitude allows these financial frauds to continue to flourish and grow.
Thanks for reading today’s update. And a big thank you to the hardworking investigators at the CFTC for doing a great job. Its about time they deserved some credit.
For those interested in the details of the Open Range Trading fraud, the following is the CFTC complaint: (Dont forget to leave a comment below)Open Range Trading