Wealth Press with Roger Scott

Roger Scott of Wealth Press
  • Honesty
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  • Quality
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Summary

Roger Scott of Wealth Press is offering a venerable smorgasbord of financial products and services. All appear to be pure hogwash.

He claims the following outrageousness:

  • Worked in the White House as a “Key Economic Advisor” (he didn’t)
  • Is a commodity broker and hedge fund manager. (he’s not)
  • Turned $5k into $720,000,000 (pure fantasy)
  • Claims to be a lawyer. (nope)
  • Claims all manner of investment whack-a-doodle

Roger Scott appears to be well situated in the financial fraud capital of the world: Florida.

He is operating a ‘boiler room’ where unlicensed and unregistered advisors are making all manner of financial claims to an unwitting public.

According to one customer, “everything that comes out his mouth is a lie.”

A financial scoundrel of the highest order. Avoid this charlatan.

Pros

A slick and well oiled boiler room operation

 

Cons

A slick and well oiled boiler room operation

Thanks for reading today’s review of Wealth Press.

What is Wealth Press, and what are they selling? The company is a stocks and options trading signal service. The primary focus of this company is selling investment advice. This investment advice is delivered in the form of ‘trading signals’ that users must access through a subscription-based platform.

Wealth Press is owned by a person named Roger Scott. The business is located at 12276 San Jose Blvd Ste 518, Jacksonville, FL 32223.

Whenever I see a Florida address pop-up, I start to get really worried. Florida is the undisputed king of ‘investment scams.’

In fact, Fortune magazine rated Florida as “the fraud capital of the world.” In yet another study by the Department Of Justice, they ranked Florida as “the epicenter of many Ponzi schemes” and “a place where investment scams seem to flourish.”

Regardless, we decided to take a closer look at Wealth Press, this so-called “investments” company promising delightful stock picks.

The Wealth Press products offering.

Since 2018, TradingSchools.Org has received over 24 requests to review the products and services of Roger Scott and Wealth Press.

In the past several months of simply observing the Wealth Press website, we have seen several products ‘come and go.’ Lets take a closer look at what is on the current menu:

  • Alpha Rotation $1,495 per year. The service claims that in 1930, two world-renowned mathematicians discovered a secret profit formula. This secret will turn $10k into $238,956 with what appears to be nearly NO DRAWDOWNS.
  • Billionaire Breakout $1,497 per year. This service claims that you can turn $1k into $1,964,031 and this is achieved by legally ‘front-running’ Wall Street.
  • Dark Pool Trader. This service claims to own a “sonar signal” that reveals when stocks will gain 2,812%.
  • Red Lines In The Market. A service that delivers 300% in 48 hours.
  • Momentum Factor $1,495 per year. This service supposedly turns $10k into $2,600,000 in only 6 years. And it generates consistent income “Month After Month.”
  • Precision Profits $1,497 per year. A service that achieves 339% investment returns in “30-days or less.”
  • Prime Alpha Trader. A signal service that uses “Shadow Market Trades” that is “hidden and concealed” and investment returns of 2,812% or $412,119 for “just 2018 alone.”
  • Profit Trends Alert ETF $1,497 per year. This service coos “only work minutes per day, and earn 1291% over 7 years.”
  • Options Income Formula $1,497 per year. This service PROMISES “85% Winning Trades and Reliable, Steady Income Month After Month!”

At this point, most readers are probably already laughing. But for those that got suckered into these ridiculous promises, it is no laughing matter. More on that later.

Roger Scott of Wealth Press

Lately, at TradingSchools.Org, our inbox has been flooding with spam advertising from Wealth Press. Users from all over the planet have been forwarding these marketing emails, and begging that I draft a review.

The promotional material contained within these emails is truly outrageous. Let’s review a recent email. I won’t publish the entire email, simply because its just scammy marketing. However, I will publish a truncated summary below…

Roger Scott, the owner of Wealth Press, makes the following claims:

  1. He is a licensed Attorney.
  2. He started with $5k and realized profits of $720,000,000. Yep, he claims nearly a billion in profits.
  3. He worked in the White House as a “key economic advisor.”
  4. Is a Hedge Fund Manager.
  5. And a licensed Commodity Broker.

If true, this is one heck of a resume. We were curious, so we started digging.

The search for truth regarding Roger Scott.

The first step in our journey was a deep search to discover affiliated websites. Sure enough, Wealth Press is not his only marketing channel. You can find him peddling his wares at OptionsGeeks.com and MarketGeeks.com.

However, these websites use a different address than the Florida address. These businesses are located at 1976 South La Cienega Blvd #270, Los Angeles, California 90034. This address appears to be nothing more than a mail dump.

roger scottRoger Scott claims in promotional videos that he is a licensed and practicing attorney. This information was forwarded to our legal team at TradingSchools.Org — they could find NO MATCH for ‘Roger Scott’ on any State Bar registries with these addresses. Nor could they match his image profile with any of the ‘Roger Scott’ legal websites or profile photos of attorney’s named ‘Roger Scott.’

From our research, it appears that Roger Scott of Wealth Press is not, nor was he ever a State Barred licensed attorney. It would appear that he has fantasies of being an attorney.

The next step was to search Finra.Org to see if any ‘Roger Scott’ exists in their database. This database encompasses a wide range of financial registrations including stock brokers, Futures brokers, Commodity Trading Advisors, as well as any pertinent securities registrations.

Roger Scott claims to be a “Hedge Fund Manager” and a “licensed commodity broker” and he “worked in the White House as a key economic advisor.” However, according to Finra.Org, this Roger Scott person simply has no valid registrations or company registrations connecting his claims.

Additionally, we can find no ‘Roger Scott’ that ever worked in any White House as an economic advisor. Perhaps he meant White Castle, the hamburger house?

You would imagine that anyone that proclaims to have turned $5k into $720,000,000 would be featured in Forbes or some reputable publication, eager to publish his truly amazing investment successes. But alas, nothing can be found.

Next, I reached out to National Futures Association, the regulator that manages Commodity Trading Advisors, Futures Hedge Funds, and Futures brokers. According to their databases, this ‘Roger Scott’ person simply does not exist.

It would appear that this ‘Roger Scott” fellow just made all this shit up. But to come to such a conclusion, without reaching out to ‘Roger Scott’ would be irresponsible reporting. And so, we listed these irregularities and emailed ‘Roger Scott’ directly.

In real time, we could watch him frantically clicking and opening the email. We know because all emails contain tracking links that time stamps everything. Does he respond? Not a peep.

Our email was crystal clear, direct, and no-nonsense. It came directly from TradingSchools.Org, and he was notified in advance, that this article would be coming down the river. But like a fart in the wind, he quickly vanished. So sad.

The Wealth Press Boiler Room

Next, we decided to take a more proactive approach. On the Wealth Press YouTube channel, Roger Scott has a video where he appears to be in a ‘boiler room’ with a bunch of salespeople taking calls and dispensing of his so-called investment magic. Have a look…

We next picked up the phone and made the call.

Well, the ‘boiler room’ is just like you can imagine, there is a cacophony of excited voices all mixed together into a buffet of hyped sales pitch.

The guy that took my call, a person named Josiah Hardacre was a really excited fella. He couldn’t wait to tell me about all the money that people were making with “Roger’s Wealth Secrets” and “how my life was about to change.”

In the background, I could hear all of the other salespeople swarming and squawking like seagulls after a music festival. I could hear distant voices saying words like, “truly amazing, it’s incredible, fantastic, and today’s special low price.”

I asked Josiah, “what in the heck is going on over there!” He was actually a really nice kid. And he was completely honest and said, “I know nothing about investing” and “I am trying to understand this investing stuff, but I am a newbie.” His honesty was actually quite refreshing. I could tell he was a brand new huckster, not yet soiled by the whack-a-doodles sitting to his left and right.

Truthfully, I felt kind of sad for the kid. He was basting in snake oil, I could only imagine the working conditions.

Wealth Press: where is the track record of trades?

Next, I began gently coercing poor Josiah into answering a series of softball questions. I always start with softball questions, and then I start putting more heat on the pitch.

One of my more heated questions, “Is Roger Scott actually an attorney?” Josiah was honest. He replied, “No. But Roger took some classes about the law — I think.”

We then started to wade into the deeper water, all the while poor Josiah thought my credit card was sitting in front of me. I asked, “I want to buy the $6k daily special, but I just need a little more information. I wanted to see the audited trading record of the amazing Roger Scott. Josiah responded, “Roger Scott doesn’t share his account statements with anyone. But I have some actual proof.”

A short time later, I received the “actual proof”. Have a peek below…

Momentum Factor

37,147.73% investment returns in 9 years?

Profit Trends Wealth PressWealth Press Momentum Factor Wealth Press Alpha Rotation Options Income Elite Wealth Press Alpha Rotation Wealth Press Record of Trades

 

Apparently, this is supposed to be the “proof” of Roger Scott’s actual trading performance. And Josiah promised me 100% that “These are all real trades! Roger took every single trade!”

Imagine carrying this “proof” into a local bank and trying to get a loan? It’s just laughable. Who would be stupid enough to believe this nonsense?

Just imagine, if you had $720,000,000 in the bank. You can now earn 3% with a certificate of deposit, which would give you $1,800,000 million each month — risk-free. Why would you need a boiler room selling ‘magical’ investment products to naive country bumpkins? Come on people, isn’t this sounding ‘too good to be true?’

World’s Worst Refund Policy

All of the Wealth Press products are subscription based. But what if you want to cancel, and you want your money back? No refunds. Ever.

What if you purchase a one-year subscription and then want to cancel after one-year? Sure! But first, you must jump through several hoops of fire. The first step to cancel, according to their Terms of Service Contract, you must give a 30-day written notice.

After you give 30-day written notice, you will then be automatically billed for the next 30-days. And here is the best part…you must pay a $250 cancellation fee.

What the fuck? You have to pay $250 to get rid of these fools! Amazing.

Wealth Press Complaints

Of course, at TradingSchools.Org, we hear about many of the complaints. And complaints have been streaming into my inbox like a clogged toilet at Thanksgiving Dinner. In no particular order, here are a few:

No!No!No!….. so far so bad. 6 weeks into his recommendations after paying 1495 for the non refundable signals….results….down 27% on my trading account. Approx. 1500 dollars lost so far. -FW

If his lips are moving, he’s lying. Roger Scott (not his real name) is another fraudster. -DY

Sadly, I got caught up in Roger’s marketing (which is very convincing, he is a great presenter) and signed up for several programs, his recommendations were mediocre, mostly losing, losing a lot if you used options. -CS

I bought Roger Scott’s ” Momentum Factor” for $1500.00 and I am very disappointed with it. Loses far greater then the few wins I have had…definitely stay away from any of his products. -CM

A monkey throwing darts could do about the same….or better! What a waste of money. -MG

Wrapping things up

Well, there you have it. Yet another internet huckster making all sorts of fantastical promises, and not an ounce of verifiable proof.

In fact, I would estimate that plenty of Roger Scott’s claims are outright fraudulent misrepresentations. Especially the part about being a lawyer, working in the White House, being a licensed commodity broker, and a hedge fund manager.

I won’t even expand on the part of supposedly turning $5k into $720,000,000 million dollars. That’s just stupid and doesn’t even deserve a comment.

Thanks for reading. And don’t forget to leave a comment below.

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Roger Harris
Roger Harris
18 days ago

I think ‘snake oil’ is a very accurate description of what this outfit offers. They have a new product/service every other week and are now in ‘partnership’ with a Rob Booker (who has heaps of YouTube vids) and more recently – Chuck Hughes. If those two names had/have any integrity they would not have lent themselves to the Wealthpress marketing machine. One more name they promote- Ms/Mrs Markay Latimer, who turned $2000 into $2million in 2 years (or some such claim).

John
John
1 month ago

Once I realized the claims made by Roger Scott and his company were untrue, I contacted them by phone (they do not respond to email) to demand a refund. During that call, which I recorded, the ‘support agent’, who admitted he didn’t know the difference between stocks and options, basically confessed that the whole thing is a scam and that the programs you sign up for (replete with fake track records) will be replaced with new ones to void any of their performance guarantees.

When I told this agent that I would be posting the content of our call onto the internet, within a couple of hours I received a voicemail from a very flustered sounding supervisor named Steven promising me a refund. They must have changed their mind since no refund has been forthcoming.

I have since reported Wealthpress to the BBB and FTC. Should anyone be considering taking their own legal action against this company, I would be happy to provide them a copy of my phone recordings where Wealthpress’ representatives admitted to some things they will likely regret saying.

Larry
2 months ago

Thanks

Claudia
Claudia
2 months ago

Amen He should be arrested for taking peoples’ money.

Trina Schaus
Trina Schaus
2 months ago

Loved your assessment of Roger Scott-very blunt which I love!!! I’ve looked up at least 10 of these people in the last few weeks (thank-god these reviews exist!!) and they haven’t been very positive to say the least. My problem is how do I find someone that has a good track record of picking stocks, etc.?? I’m not mingling with anyone who deals in investments so I need to find this on my own. Any help would be appreciated

Landon
Landon
2 months ago
Reply to  Trina Schaus

Anyone who actually knows how to consistently beat the market isn’t sharing their strategy with the random people over internet. As soon as too many people do the same thing, the strategy will stop working. Individuals like Roger Scott make more money selling overpriced subscription packages of their “systems” to gullible people than they do investing in or trading stocks

Victor
Victor
2 months ago

Thanks for the content and the review tradingschools.org. Roger is for sure a con artist, based on what I first noticed in his tone of voice and presentation is that he is too good to be true, and my gut was telling me that this guy is an internet pirate!

Always trust your senses, your feeling and your gut!

God is giving those medium to communicate with universe and distingush angel from evil and foe from friend!

Good Bless you all,

Thank alot
Victor from Canada

brianp
brianp
2 months ago

This guy has started popping up in my YT feed at the beginning of videos all the time. Here is Youtuber that just started reviewing his course. He buys these courses then goes through them and gives the lowdown on all of them.

https://www.youtube.com/watch?v=a29JXn7TEIw

Johnny Raymond
Johnny Raymond
2 months ago
Reply to  brianp

Don’t waist your time and money! I fell for for the BS and lost 1495.00. tried several time to contact without success. Kept getting “HHHH.. can’t reach this page.” All data is false and old statics. Both presenters should be in prison for stealing funds and following FTC Regulations.

Robert Manson
Robert Manson
2 months ago

Wow very glad you researched all this I was genuinely considering buying his stuff. But not any longer. It’s sad what some of these idiots do out there that can cost you a lot of mkney5

Marvin
Marvin
2 months ago

Thxs for another eye opener is there any advisers werth trying

Skip
Skip
1 month ago
Reply to  Marvin

Yes. Markus Heitkoetter. Nobody comes close.

Steven D Van Zandt
Steven D Van Zandt
3 months ago

Thank you for saving my money. He’s a decent talker….

Steven D Van Zandt
Steven D Van Zandt
3 months ago

Thank you for saving my ass

james
james
3 months ago

I am so very grateful to you.

Aime Matunda Pero
3 months ago

Thank you for saving my $1,997 from this con artist.

Aime Matunda Pero
3 months ago

Thank you very for your help. After watching their video I was ready to buy the famous “weekly Blitz Alert” for annual cost of $1,997. Thanks for saving my hard earnings of $1,997. May God bless you !

Mike
Mike
3 months ago

I’m listening to the webinar as we speak. They’re claiming the site is going down. Thank you so much. Shouldn’t the Feds be after them?

Langston Dunham
Langston Dunham
3 months ago

Thanks for the research. You saved me time & money. #respect

Walter
Walter
3 months ago

WealthPress is a scam use extreme caution if thinking about joining them. After joining them i went into the members area and they have a chat setup there to ask questions. I asked a simple question about my membership and where is the information i purchased. All I got was wait a moment. After about 30 moments the chat was disconnected. I then called and got the message due to a high volume of of calls there a long wait time and was referred to the support email to have questions answered with a 48 hour turn around. after about 20 minutes of listening to the message i was then sent to a voice mailbox which was full. and disconnected. I went back to the members area again and there i found the web page to be scrambled. I then Called my bank and opened a fraud investigation. (still ongoing) I didn’t stop there I went to the membership area the site was still scrambled but the chat tool was now active where i requested a full refund. again was redirected to their support page and again lost connection. I tried to call again where after the repeated message mention above played again for only about 15 minutes this time someone picked up the phone and sat it on the deck I could hear them in the back ground moving around and my “hellos” went unanswered for about 7 minutes. I did fill out a support ticket requesting my money back. still waiting on a reply from there as well. From the other reviews I’ve read it looking like this will be declined because they’ll say it is unfair to their paying customers to give money back to someone who has accessed the member areas. So run as fast as you can from these scammers learn from my mistake please.

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