Is Petra Picks a SCAM?

Raging Bull: Petra Picks
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Summary

Petra Picks is yet another stock picking service — spawned from the Raging Bull family of investment ridiculousness and advertising gimmickry. Unsavory to the core.

Petra Hess of Petra Picks is supposedly the “star student” of our favorite serial hucksters: Jason Bond and Jeff Bishop of Raging Bull.

However, upon closer inspection, we discovered that Petra Hess was recently arrested for alleged embezzlement and fraud in Canada. Raging Bull official representatives refused comment and instead attacked the legitimacy of the Canadian authorities.

Petra Hess, a former ostrich farmer, claims to have earned over $2.6 million dollars trading stocks. But apparently, can provide zero evidence that she personally has ever achieved these outrageous and facially implausible investment returns.

The lawyer for Raging Bull, an ambulance chaser from Miami, assured us that Raging Bull would contact TradingSchools.Org to comment on Petra Hess. But alas, the comment never arrived. Another broken promise from a company that specializes in broken dreams.

Avoid all of these serial hucksters.

Pros

World class marketing

Absolute pros at “selling the dream” to the financially naive

 

 

Thanks for reading today’s review of Petra Picks

What is Petra Picks? The Petra Picks website and marketing materials claim that a Canadian person named Petra Hess discovered some sort of investment magic, is now extremely rich, and she wants to sell you her ‘Proven System’ so you can also ‘get rich like her.’

Petra Hess is a self-described star pupil of Jason Bond. Yes, we are talking about THAT Jason Bond…the guy that claimed he had been “invited to speak at Harvard.” Which turned out to be complete and total nonsense.

What exactly is Petra Hess selling?

  • Petra Gold: $699 per year.
  • Petra Platinum: $3,999 per year.
  • Power Trading System $1,999.

Petra Gold: The Petra Gold program is a standard stock picking service. Each of the securities recommendations is delivered through an alert system which includes broadcast email and/or text messages. Each alert tells you exactly what security to buy, at what price, and exactly when to sell. This investment advice is specific and individual to the subscribers.

Petra Platinum: The Petra Platinum program is described in promotional materials as a “proven system” and will “generate impressive investment profits” and “potentially can get rich quick.” As described in her promotional videos, she will “hold your hand” during the securities investments decision-making process. That members will have access to specific securities buying and sell recommendations and that members are encouraged to “follow her lead.”

Petra Hess implies specifically, and implicitly that since she is a 100% proven and verifiable multimillionaire securities trader, that she achieved this success virtually overnight, and now you can be part of her inner circle. All secrets will be revealed within this ‘secret circle.’ You just need to pay her fee of $3,999 for her securities training.

Power Trading System: The Power Trading System is a 4-week securities training program that will “put you on a proven path to steady gains” that you will acquire the “skills you need to become a master securities trader” and “generate higher investment returns while getting richer quickly.”

As outrageous as all of this sounds, we are only getting started.

Who is Petra Hess?

According to her self professed biography, she recently owned an ostrich farm in Canada. For those not familiar with ostrich farming, I would recommend that you simply Google search (ostrich investment scams). What will pour forth upon your screen is the stuff of investment horror. To be sure, I am not declaring that Petra was running an ostrich farm investment scam. But the overwhelmingly negative press is certainly not encouraging.

With equal hilarity, Forbes posted a list of Top Ten Investment Scams and placed ostrich farm investments directly above Ponzi schemes, and directly below swampland investments.

At some point, Petra then moved from ostrich farming to taking a job at a Canadian cosmetics company that sold some sort of magical elixir that made your nails grow quickly. I have yet to know a woman that didn’t want long, luxurious nails that grow quicker than God intended. This elixir promised just that.

Apparently, the company did quite well. But Petra Hess was not satisfied with meager scraps and decided to allegedly swindle $700,000 from the owner of the company. Of course, I am not an expert in Canadian criminal laws, but I do know that I must use the disclaimer ‘allegedly’ in describing the alleged criminal activity of Petra Hess. Regardless, this is certainly not very encouraging information.

With a bit of shoe leather, I was able to find an article published in Canada, in 2013 that described the alleged fraudulent fiasco.

Included in the article was a video where several local Canadian television stations hounded and publicly shamed Petra Hess. The Canadian newscaster described Petra Hess as a “cold criminal act.” What is so funny is that Canadian folk are very cordial. They hardly ever say derogatory statements towards each other. For a Canadian to describe Petra Hess as “cold criminal act” is quite telling.

For your viewing pleasure, I have included a video that was published by local Canadian news:

Is this the same Petra Hess as Petra Picks at Raging Bull?

Truthfully, I wasn’t even sure myself. So I next screen captured an image of the police ‘mugshot’ and compared it to the public images of Petra Hess.

PetraHessFraud

Next, I called Ask Cosmetics in Canada and explained my situation. I simply wanted to know if Petra Hess of Petra Picks is the same person that allegedly scammed them of $700k?

Their response was “Oh yes! That’s Petra.” I then asked if they could comment on Petra’s newest job providing investment advice? This certainly elicited a hearty chuckle. The company rep said that she did not want to comment further, that I should contact the Milton Ontario Court of Justice for more information.

Next, I reached out to the Canadian Justice and asked if this case had been resolved? The Court replied that by Canadian Law, they cannot comment on the disposition of criminal matters. Darn. I sure wanted to know more.

Contacting Raging Bull

Petra Hess and her company PetraPicks.com are wholly owned by RagingBull.com.

Of course, everyone knows RagingBull.com. They are the undisputed kings of investment braggadocio. If you watch Raging Bull’s YouTube videos, your eyes will be mesmerized by the opulent displays of private jets, mansions, diamond-encrusted jewelry, unlimited shrimp cocktail, bottles of champagne popping in every possible direction, washed up former celebrities implying success using RagingBull investment products and services, ridiculously stupid looking and impractical sports cars — you get the picture.

Basically, its a carnival of financial pornography meant to lure your credit card from your pocket. It is the very definition of get-rich-quick ridiculousness and financial circus tricks that the gullible and financially naive too often stumble upon.

Anyway, I next reached out to RagingBull, Jason Bond, Jeff Fisher, and their attorney Adam Schachter, and asked specifically if they were aware of the prior investment shenanigans of Petra Hess? I included links to the videos, links to news articles, basically all of the substantive materials implicating Petra Hess.

Incredibly, Raging Bull representatives denied it was the same Petra Hess. Instead, they attacked the legitimacy of the Canadian news organizations that reported the story.

Am I losing my mind? Are we supposed to believe the official response of Raging Bull that “Anyone can plant a fake story?”

With an incredulous sigh, I proceeded to move forward in my direct questions.

Performance Claims of Petra Hess

Part of the allure of the Raging Bull investments advisors is that they are supposedly 100% true and verifiably successful zillionaire stock traders. And Petra Hess is no exception, in fact, in a recent publicly available webinar…she proclaims to have earned $2.6 million dollars as a securities trader. Evidence below:

Petra Hess Investment Performance

 

Really? Was this before or after she allegedly committed fraud and embezzlement at her former employer? I can certainly tell you one thing with conviction, her former employer thought this was entirely laughable.

And what is the official position of Raging Bull? Of course, we asked if they had verified this facially impossible investment performance. Their response was not surprising… “You better believe it.”

They went on to pontificate that “Most of our students are profitable” (not this student)

And that the supposed performance record on Peta Picks, which shows 100% winning trades is “Proven Profits.” You can’t make this stuff up. The Petra Picks website, in fact, and document, displays 100% winning trades.

Where are the losing trades? Who would be stupid enough to fall for such an outrageously dishonest portrayal of investment performance — no losses? This is outrageous and facially implausible, which is a nice way of saying THIS LOOKS LIKE A SCAM!!!

How could anyone with even the most remote hint of intelligence assume anything other than, THIS IS A SCAM?

Raging Bull Admits: We are not trustworthy.

It is hard to admit when you are dishonest. But when someone admits in their very own words, “We are not trustworthy,” you tend to believe them.

Amazingly, this is exactly what Raging Bull admits on their Disclaimer page. Have a look at this choice “fine print”…

  • All information contained on our website or in our newsletter is not trustworthy.
  • We are neither licensed nor qualified to provide investment advice.
  • An individual should never invest in the securities of any of the companies’ mentioned based solely on information contained on our website.
  • Individuals should assume that all information provided regarding companies is not trustworthy.
  • PetraPicks.com is wholly owned by RagingBull.com, LLC.
  • We are not qualified to provide investment advice.
  • PetraPicks.com trades are made with a company portfolio, the funds are not directly from Petra Hess.

The left hand heals, while the right-hand steals

I was left truly dumbfounded while reading this disclaimer.

All of the marketing materials published on the website portrays something wonderful and amazing. The live seminars with Petra Hess describe the glossiest outcome, the incredible, the outrageous, but nary a mention of losses. The company proclaims in a public declaration that “Petra Hess is a successful millionaire stock trader, that all of the trades are 100% true and verifiably published within the company portfolio.”

They want you to trust them so badly.

And many do. Only later, if things don’t work out, they are led to the guillotine document. The disclaimer. That wonderful ‘trap door’ that perhaps gives license to be dishonest.

Of course, I pushed all of this towards my legal team and asked their opinion. They read the documents, watched the hyped videos, and most importantly read the disclaimer document.

My lawyers looked up at me and said, “the left hand heals, while the right-hand steals. This is classic double-dealing, a conman’s bait-and-switch.”

They next went on to explain that they are attempting to employ something called a “No Reliance Clause” to effectuate a contractual dichotomy of assertions.

You have to love lawyers. They always have to put everything into some form of legal mumbo-jumbo, that only they can decipher–for a fat fee. So I next asked, please describe this in such a way that I can understand, please use the language of ‘stupid’ which I am master.

They replied with a perfect analogy…

Can you legally rob a bank with a disclaimer?

They went on to explain, imagine if you wanted to rob your local bank. And you want to devise a clever scheme to get away with it. So you create a one-page document that you intend to hand to the bank teller. On the front side of the document, it says the following:

  • Give me all of the money in this bank.
  • Place the money into a bag.
  • I am a dangerous person.
  • Do this now. And I will leave quietly. Nobody gets hurt.

And so you hand the note to the bank teller. She reads it and does as instructed. You then take the money out to your car and drive home to enjoy.

About an hour later, the police arrive at your door. You then calmly tell the police that the note handed to the bank teller contained a tiny note on the bottom that reads, “Please read Disclaimer” on the back of the demand note.

The police then take another look at your demand note. On the back, in the fine print, it reads:

  • This should not be considered a bank robbery.
  • Monies placed into the bag should be considered as a charitable donation.
  • I would never actually commit harm to any person.
  • Everything in this disclaimer supersedes all prior warranties.

Can you now see how Raging Bull is blatantly attempting to use legalese to effectuate and legitimize scammy conduct?

Is this shit even legal?

Not A Chance.

In the example of the bank robbery, you would be laughed at and immediately hauled to jail.

But what if you are a trading educator, incorporated in Delaware? And someone wanted to sue for fraud, in Delaware? Bad news for you…

(2015) Delaware Court of Chancery in Prairie Capital III, L.P. v. Double E Holding Corp. held that, as a matter of Delaware law, there are no “magic words” to disclaim reliance on extrinsic representations. In other words, you cannot simply hide fraud behind a layer of well-crafted legalese.

And what about consumer-friendly States like California?  The State in which I live, this sort of contractual bullshit simply won’t work on any level. There is a library of case law that supports consumer rights. You don’t pull this shit in California. We destroy fraudsters in this State.

Perhaps, this is why most consumer class action lawsuits are filed in California. As many lawyers will gleefully proclaim, “California is the place where fraudulent misrepresentation comes to die.” Perfect examples of destroyed companies lay about California like landmines on the North Korean border.

In California, you only need to piss off the right person. And before you know it, they are collecting the names, addresses, and declarations of parties located in every imaginable state across the United States as well as throughout the world. This is what we call a ‘class’ of afflicted parties. And with the disparate nature of the internet and wide distribution of potential victims locations, these ‘classes’ of victims usually seek justice in the most hospitable venues. One such place is my backyard: San Diego, California.

Here in our beautiful town, the broken and destroyed bodies of corporate fraudsters are swarmed and pecked upon like a band of angry seagulls at a music festival. It’s not pretty to watch.

Don’t believe me? Just ask Donald Trump how things worked about for his fake and phony Trump University, also located in Delaware. The Donald believed that he could hide his business behind a Delaware Corporation and their fraud-friendly corporate laws.

Instead, we dispatched a taco truck and a “Mexican Judge” named Gonzalo dragged the golden douchebag from his ivory tower, back to San Diego to face justice in a civil RICO charge.

Poor Donald Trump. We tied him up by his ankles and proceeded to administer an unlubricated artifice named The Dildo Of Justice. Poor Donald, all of his fancy lawyers could not save him from a potential jury pool that included an angry vegan, a pack of lesbians, a reggae singer, and a surfer living in his van.

We do things differently down here. And Donald Trump quickly realized that he was in a no-win situation. He agreed to refund all of his students approximately 85% of the monies spent on his courses, which included a title: “Secrets to Day Trading Real Estate.”

The Rumblings Of Litigation

Lately, I have been hearing from certain students of Raging Bull and a company named Warrior Trading about various shocking allegations. Both companies are branches from the same tree, both sprang from the same soil.

Apparently, both of these companies have recently been attempting to bully and silence anyone that speaks out publicly to express their honest opinions regarding their purported ‘magical investment techniques.’

I find this very interesting that a company that purports to want to ‘help people get rich quickly’ would go through such efforts to silence former students, and consumers at large, from speaking publicly about their personal experience. Isn’t that suspicious?

Perhaps it is now time ‘rip the scab’ off this infection and expose these companies to a level of scrutiny that neither will want to experience.

At TradingSchools.Org, this is what we do. And we do it well.

How do we do it? With your help. If you are a current or former customer of Raging Bull and their affiliated websites. Our legal team would love to hear from you.

Raging Bull Litigation

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28 Comments
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Hendrina Testa
Hendrina Testa
1 month ago

Crowd1 making easy money

Hendrina Testa
Hendrina Testa
1 month ago

Crowd1, online marketing company join us today for free info to money

Rufusa
Rufusa
3 months ago

I just visited Petri’s (no sic) website. She’s retired. I have no doubt that Emmett was a factor in her closing shop.

I wonder what her next scam will be?

Fred
Fred
9 months ago

I would be a little skeptical of Tradingschools.org. It seems they just want your money to try to sue Businesses. They gave it away in the article that they are in California and it is much easier to attack a Business as well as the loaded information they want you to fill out at the end of the article. Always be leery of those who convinces people that they are victims and then rob them for their own gain through the legal system.

dtchurn
dtchurn
8 months ago
Reply to  Emmett Moore

A lot of these shamshows have or had their base of sordid operations in the welfare/”sanctuary” state. I thought Ross and his WT was in the hick country somewhere outside NYC where initially he claimed to be situated something like a farmhouse cutting CoL after leaving his supposed “architect” life lie. (as was proved, Ross was a scam mod helper for Bond earlier which he couldn’t erase from archive.org like the rest of the WT site’s older lies), but no, he and his trifecta and hired actresses and thug lawyers have their shamshow ceiling-facing webcam compound somewhere outside the bay area seemingly. clothespin voiced Barry Burns is in soCal downsized to Sherman Oaks from Thousand Oaks, lol.
I was surprised to hear initially that Emmett’s former boiler room empire was in large part among the most posh areas in SoCal, namely OC and San Diego. I wondered why “American Greed” never featured Emmett’s case, but they hardly or never feature cases where the criminal truly turned around and did a good job contributing back to society, except for book & movie supported frauds like Belfort. Trading fraternity frat-boy seems to have his rented white sportcar doing “social experiment” videos on picking up girls on some cali beach. Fous, Freeman, and many others exposed on TS in the past seem to have operated on coastal cali with their scammy stinked abodes in the past, lol. I guess the current thriving shamshow cess-oil “vendors” make it good enough on their monthly churn of newbs , to offset the initial high draining CoL in Cali so they can live nice and in style , before getting on with the rest of their sordid trading edducation “business”es. have a sham free merry x-mas all.

dtchurn
dtchurn
8 months ago
Reply to  Fred

What money is asked of readers on Tradingschools? There are only links to fill out official CFTC forms. “Businesses”? you mean the scams and shamshows exposed here? Lolol. Emmett has mentioned he’s been sued over 15 times already, as well as being stalked by hired spies and thugs by these crooked snakeoilers, probably for sticking his neck out exposing the cess with tradingschools. Go back to the Petra Cess’ chicken farm shill.

fanel
fanel
10 months ago

i dont know if is a scam but is impossible unsuscribe from our e-mails, i have try 25 times…

Steven
Steven
1 year ago

want to know how seriously crazy this is! Go on Stockcharts.com

type in ACER and imagine you put in so many shares at 17 dollars! now look where that stock is! That is what killed Biotech Break Outs and made two mods quit.

yea welcome to Raging Bull where you will lose money!

Fred
Fred
9 months ago
Reply to  Steven

Are you aware that trading is also a form of gambling? You will not win 100% of the time gambling and you will not win 100% trading (unless you cheat of course)and if you believe any Trader to tell you they are 100% winners than you are the fool. I have been a member of Raging Bull and I can tell you that not one of them tell you they win 100% of the time and they also alert their losses with their wins. The problem with their alerts and any service alert out there, is that they send the alert and 1000’s of traders purchase the stock which will increase the price to the point that if you are late to the game, you have to pass or chase and lose. I don’t fault them for that and that is not a pump and dump. If you win 50% of your trades and you apply the 2 reward to 1 risk ratio and only use 20% of your trading account for each trade, then you will profit in the long run. If you deviate from that model, then of course you will fail. Look, these people are educators who educate on their trading experience and they DO offer their strategy to their clients and that is NOT fraud. I did join a few of their services and I paid a lot of money, but I joined for the education on how to find the good setups and I did learn a lot. I also knew that no one is going to be 100% correct because every Educator out there tells you to only apply the 20% account allocation as well as the 2 to 1 rule and put in STOP LOSSES. These services provide disclaimers for a reason and the reason is people who fail always want to blame someone else for their failure. They gave you the tools and the guidelines to follow and they can’t be responsible from there. Judging by your previous post, you took Kyle’s advice and are now sharing it; therefore he did what you paid him to do. Trading is not for everyone especially those that can’t stomach the losses, but trying to belittle someone or their Business on the internet is bad practice.

Steven
Steven
1 year ago

Alright it’s time for an update for these guys! I gave them one more chance. and they failed hard! I canceled everything. Completely done with them.

Kyle can’t even turn 8k into 9k. he started his small account challenge and made people lose money both times ASRT and VCIL

before that he randomly chooses BCLI and makes people lose money.

He brags about if he makes any money with FDA alerts. Let me tell you the secret of FDA alerts there isn’t one! You don’t need to learn any charts or anything.

all you do is follow the Biotech stocks news. Buy a week before, put in your stop for risk management, and be there when the news breaks bad or good. It’s usually good like FDA approval can send the stock 60 percent higher no joke!

“go on the chart of a biotech stock look at where it went up 30 percent you will find out it had Data 2 approved or announced something that day”

You don’t need to spend money on any service.

Kyle Dennis is a fraud! In chat room he talks down to those who are learning to trade. Who complain about losing money. If you say one negative thing the mods will delete it and message you.

When he had Biotech BreakOuts he moronically entered two biotech stocks with out doing any research any stops(and his followers followed!) That was ACER which dropped a wopping 40 percent making him lose 20k, 20k bag holder.
(can’t remember the other stock) he was holding 40k as bag holder!

He also traded in another account making tons of money with out even telling his people that paid for his service to make money!

Two of the Mods Quit after that.

He canceled Biotech Break Outs and joined Millionaire Road Map “MRM for short” and his 8k challenge of making up to 26k in three months. 8k Challenge has been a complete joke exposing his lack of being able to trade.

Don’t even get me started on his silly service called Mortal lock he had for a short time during Biotech BreakOuts, saying it’s going to make you 400 percent at options. yea 400 percent!

Sure 1000s joined 1000s entered NIO and lost. some people lost 10s of 1000s!

Stay away from these guys they offer nothing you can’t learn free on the internet.

Trade biotech stocks for the data events to build up an account. Use finviz to check their shares per float and read up on the company. Check the upcoming events use BioPharmCatalyst read the companies pipeline.

Sometimes these biotech stocks get pumped up by other scammers too like OSN.

Don’t pay someone any money to trade.

Fred
Fred
9 months ago
Reply to  Steven

I have a question for you. Did you learn how to do that strategy from joining Kyle’s service or did you already know that strategy and chose to test to see if Kyle’s strategy would work? If you learned something, then how could it be fraud?

Jimeny Stickit
Jimeny Stickit
1 year ago

One more thing…Everything about these Hustlers is fake…Wouldn’t doubt that the
FBI could not find them in the next week in this country !! Notice how everyone promotes their Testimonials these days !! All Fake, All B.S. (well 80%)

Jimeny Stickit
Jimeny Stickit
1 year ago

Has anyone noticed how these folks IMO, are sponsored by Big Libs money; you know sociocrats like Clintons; who find these folks from the Tent Cities L.A. and make them
rags to riches, so they can suck you dry and be like they were; Failed and Pennyless.
Quite a cycle ! Hope you don’t mind being sucked dry!!!!!!! Ohhh Yeaa

Steven
Steven
1 year ago

This women contacted me by email to say how she would help me when Options Rocket turned out to be very hard! I never traded options before.
(Options Rocket was sending me 10 emails a week of how people made over 100 percent)
She wouldn’t tell me about stops I had to learn on my own and practice with thinkorswim paper money, something I use when I want to try something out instead of using real money.

Thing with Raging Bull and I will use FDA alerts as an example with Kyle Dennis. When you get an watch list. (for small accounts) Most people start with small accounts.

First write down each name then research that name Kyle (let’s say even Jason Bond) do not tell you when that trade is going to pop!
There does not need to any chart work for that trade to do anything it’s all on the news of the Trade. It has to be positive results in order for Buyers to come in and boost the Stock Price Up.

Jason Bond it was news and the chart.

I learned the hard way how to handle Kyle’s trades. he might get three wrong then get one right which makes him 26,000k.

Always remember these guys trade huge amounts I am talking on penny stock 100K of shares.

just try and make 10 percent each trade when you start.

dtchurn
dtchurn
1 year ago
Reply to  Steven

Nice try trying to have it both ways, shill. Don’t fall for it newbs. There is nothing worthwhile to waste your bux with about any of these shams.

Steven
Steven
1 year ago
Reply to  dtchurn

read my post below idiot.

dtchurn
dtchurn
8 months ago
Reply to  Steven

your post below claiming you were just a dupe is the same time as your reply, months later, idiot.

‘just “try” to make 10% on each of their trades’, indeed.

Truth Crusader
Truth Crusader
1 year ago

There’s a problem, I’m not showing up ..is there a character limit? Initially, upon initial post it goes through and then not ..

Truth Crusader
Truth Crusader
5 months ago
Reply to  Truth Crusader

Emmett, can you chk tried again seems happening (filter) here too .. no – comment awaiting – moderation but didn’t go through ..

Ron
Ron
1 year ago

Is there a review of Warrior trading? They disclose broker statements and are open about his/their losses. This litigation thing sounds bad though

Ron
Ron
1 year ago
Reply to  Ron

spoke too soon. found it. thanks

laru
laru
1 year ago

shut these fkers down

upticktrader
upticktrader
1 year ago

I’ve LONG wondered why the SEC does not go after trading educators for false advertising and misrepresentation of their results. SO many do this! The SEC nails securities professionals, via FINRA, to the wall on the smallest mistake of saying anything in writing or to the public that is not 100% proven factual. Why not this whole crowd of investment “professionals” that lie and twist the facts (or purposely ommited ones)? Bravo for taking the lead on doing something about this!!!

upticktrader
upticktrader
1 year ago
Reply to  upticktrader

BTW, I forgot to mention the thing that stuck out to me on my looking into Raging Bull and all its affiliated companies is that I believe they are “front-running” their students. The stocks tend to be smaller, with low volume. They promote the trade to their very large base of students AFTER they got in. I recall that they even state “we got in at this point”. Their customers/students now buying creates a run-up in prive (or down on a short) and then they get out when this has occurred. I never bought from them, but this is clearly what I observed appeared to be going on. Between the lack of actual provable track record and this observation, I believe they are unethical and likely illegally operating.

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