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Warrior Trading - FTC scam alert


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Warrior Trading - FTC scam alert

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  #1 (permalink)
edward40
Chicago
 
 
Posts: 143 since Jan 2015
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Warrior Trading - hard heavy expensive sales pitch, chasing runaway stocks, what is the story with this guy?

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  #3 (permalink)
 planetmoto 
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This guy has a rep all over the internet as a scammer, tread carefully if you jump down his rabbit hole

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  #4 (permalink)
edward40
Chicago
 
 
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planetmoto View Post
This guy has a rep all over the internet as a scammer, tread carefully if you jump down his rabbit hole

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He claims to be making 1-32k a day trading huge lots on momentum in cheap stocks. Yet, if you take his "free" webinar, he spends about 1.5 hours of 2 hours selling his 3-5k educational courses and broker discounts. What is going on here? Has anyone tried this guys methods/training?

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  #5 (permalink)
 noobforlyfe 
Toronto , Ontario, Canada
 
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When I was first exposed to futures and financial markets, i went to YouTube to learn what these things are, and not surprisingly this cartoon's video was there. It definitely sounded too good to be true esp on my second day after being introduced. Never bought anything nor watched anything. Titles are kind of clickbaits, hustler. But definitely don't think he is successful through trading probably through his course and preying on young souls like myself.

Do tread carefully just my 0.02.

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  #6 (permalink)
 Cloudy 
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planetmoto View Post
This guy has a rep all over the internet as a scammer, tread carefully if you jump down his rabbit hole

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Exactly about their manufactured rep on the web in the niche retail trading world. They even hire lawyers to sue tradingschools, or intimidate victims who try to speak out about the truth of the utter scam of the site. Even ban on a whim by Ross of members who ask hard or proof questions in the chat room without offering refund for the rest of their subscription.

"Trustpilot" had long been paid off by WT. New review article about "trust"pilot and their relationship with Warrior. (also Jason Bond)

https://www.tradingschools.org/reviews/trust-pilot-the-mecca-of-fraudulent-trading-reviews/

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  #7 (permalink)
 kingoliver 
Los Angeles, CA
 
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3 million dollars. Sheesh, about time!

https://www.ftc.gov/news-events/news/press-releases/2022/04/federal-trade-commission-cracks-down-warrior-trading-misleading-consumers-false-investment-promises

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  #8 (permalink)
 Big Mike 
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Federal Trade Commission Cracks Down on Warrior Trading For Misleading Consumers With False Investment Promises
Investing Company and its Owner Will Pay $3 Million in FTC Case


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  #9 (permalink)
showbiztrader
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I am editing my original post here.... I was misreading the intent of the Commission to refund consumers ( I am one of the suckers who paid A TON of money to Ross), saying it would probably tie most of it up somehow with nothing left to send out to the rest of us.

I apologize for my lack of understanding the complex document! haha

Thanks Big Mike for clarity. Cheers!

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  #10 (permalink)
 Big Mike 
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https://www.ftc.gov/legal-library/browse/cases-proceedings/2023198-warrior-trading-inc-ftc-v

FTC Matter/File Number 2023198
Civil Action Number 3:22-cv-30048
Federal Court District of Massachusetts

The Federal Trade Commission is cracking down on the Warrior Trading day trading investment scheme for making misleading and unrealistic claims of big investment gains to consumers. The FTC alleges that Warrior Trading and its CEO, Ross Cameron, used those claims to convince consumers to pay hundreds or thousands of dollars for a trading system that ultimately failed to pay off for most customers.


As a result of the FTC?s case, Warrior Trading will be required to pay $3 million to refund consumers and will be prohibited from making baseless claims about the potential for consumers to earn money using their trading strategies.


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Attached Files
Register to download File Type: pdf 2023198WarriorTradingStipulatedPermInjunction_0.pdf (1.48 MB, 53 views)
Register to download File Type: pdf 2023198WarriorTradingComplaint_0.pdf (2.33 MB, 54 views)
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