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The accusation that he extorts vendors for good reviews doesn't really make much sense as there are only like 3 good reviews on the entire site. One of them being our own Kevin Davey. Seems like a bad business model to maintain a site for years on end to only be able to extort 3 good reviews out of vendors. The truth is that the ratio of good to bad trading vendors probably closely mirrors the good to bad review ratio on TradingSchools.org.
Maybe @kevinkdog could weigh in here since he has one of the positive reviews on the site, although it's probably a waste of his time.
Regarding this, I mentioned this in another thread:
"I am well acquainted with someone who has received two 5 star reviews on trading schools, and has offered to gladly testify in court that he was never been shaken down by Emmett or anyone at tradingschools to get those reviews."
Of course, this only proves that getting five star reviews does NOT require any compensation, at least in two cases.
I would think that anyone who was truly extorted would contact authorities, and get the site owner thrown (back) into jail - IF IT WAS TRUE. Yet that has not happened.
I would think that if an ex-con - convicted of financial swindling - tried to extort you, there would be people at the FBI more than willing to listen to even one complaining person. I'm sure they would love to put this guy away again if did so much as jaywalk.
The fact that has not happened speaks volumes.
And for my first statement, you can take that to the bank - it is rock solid.
The CFTC and FBI watch and even make use of tradingschools. They know all about Emmett and even work with tradingschools occasionally in investigations. True that Emmett had a sordid past, and he got off easy by pleading guilty to everything with the over $500 million in damages to clients of his past boiler room businesses he admittedly acknowledges. He's like the unsung Jordan Belfort who didn't get a bestseller book and Caprio movie deal and segue into a motivational speaker career later. He's got nothing left to hide, probably under surveillance by the FBI, and is attempting to do whatever he can to save newbs from being caught up with retail trading education scams with the time left in his life with a blog site that can hardly make maintenance rent because he is under conditions of restitution.
It's just ironic, it takes a former crook that knows the depths of the sordidness of these shenanigans, to finally speak out since 2015 against all these scams including major ones that we've probably known or suspected inside in our minds all along here, and he takes the personal sacrifice for it with tons of lawsuits by these scam vendors funded from their ill-gotten sales of selling dreams. (https://www.tradingschools.org/reviews/scammer-got-busted/) And also being accosted and tracked by hired stalkers and thugs. ((https://www.tradingschools.org/government-shutdown-your-money-is-not-safe/)) (Of course it's not perfect, but it's the best service and resource to the retail newcomer public for due diligence there is by far.) His exposing reviews often highlight CFTC and FBI action, and if that isn't proof enough from authorities (not just Emmett who often relays or assist them in investigation), or the fact that the vendor refuses to show proof confirmed with brokerages after attempts by Emmett to obtain (often the truth comes out when the CFTC subpoenas the accounts) then what is due diligence. No one else out there was going to stand up to these retail scams at this public level and consistency. Of course it's not perfect, but it's the best service and resource to the retail newcomer public for due diligence there is by far.
Yes, Emmett has opinions, like not believing in orderflow, or thinking his shaky backtesting with Tradenavigator is substantial, but traders with experience are free to disagree on his blog site, or not consider Emmett as a good trader anyways. Anyone is free to comment or vote without being overspammed by shilled posts or have comments deleted or put in the back due to a deal with a scammer guru for a review site , examples: "trustpilot", Syke's "investimonials", ripoffreport's "consumer advocacy"(bribes to delete bad reviews). And of course, his few chosen "good" reviews are mostly vendors who still can't make a living trading for themselves, but at least show proof they can get close to break-even which is a heck of a lot better than most all publicized vendor ads out there and may be useful for newcomers to trading at earlier stages in their journey.
