1. When I first called and talked to Mario in February of
2010, he told me how I would make money in the upcoming options expiration. I
believe he told me that in order to push me to join rather than taking my time
to decide. Of course when I joined, I proceeded to lose money on trades he told
me to get into.
2. His payment structure is unfair and dishonest. Why did I pay more than other
people in the same program?
3. I paid a Risk Management Fee of 1225.00. It "is to watch all account
utilizing capital when trading." Well no one ever watched my account. I
asked Mario to get me out of a trade twice and he never did. The first time I
asked he told me to do it myself. I had just begun and did not understand the
trading platform well enough. "In times of panic, people freeze up",
he said. The second time, I was overseas and had asked him to get me out of
some call options I was holding. He never did. When I returned and asked him
about it, he just yelled at me and tried to make me look like I was the one who
was in the wrong. Actually, if he would have sold them like I had asked, I
would not have lost as much money as I did. So, why did I pay for his services?
4. I also paid for his Managed Account Services Program $2500 per year. In
order to get me to join his school, he said that he would make some trades for
me. This was one of the biggest reasons I joined. Since I live overseas, I was
not able to be at my trading desk. He was nice to offer a solution, but he
never made a single trade for me. It was very deceptive of him to say that to
me.
5. Some other deceptive tricks Mario uses are: "Someone offered me
$200,000 to use this formula, but I said no." and "I wouldn't sell
this platform for a million dollars because it is more valuable to you
guys." "If someone wants to rent it, like a bank, they would have to
pat 250,000." We never hear a person making these offers. Mario just says
things like this to hype up the conversations. His talk of big money is not
necessary. We are just trying to learn how to trade.
6. He designates certain people to talk to people on the trial lesson. Other
people are told not to have any contact with them. I was never designated, so
the only reason I figure he does this is because he has a specific agenda and
also because other traders might tell the truth and scare away his would be
customers.
7. 4 months into his school, he started making big changes. He started the MMT
division and Apprenticeship Program. I was told I could remove the funds from
my account and be in the apprenticeship program, so I did. Then, last week
Mario and Scotty (an SMF trainee) told me that the contract states I cannot be
in his school if I remove the funds from my trading account. 2 days later,
Mario removed me from his trading school.
I am sure there are other things I want to add, so I will add later and post it
elsewhere for others to read.
I paid over $30,000.00 USD into SMF and Mario's personal bank account. After
that, I heard him bragging about his new car. I heard it's the best money can
buy, Mario. $30,000 for a 12 month course and then he kicks me out of his
school after only 8 months. That money was my family's future. We have a 2 year
old and a baby on the way. We drive a tiny 15 year old car. My wife and I both
work hard every day. She saves and I try to invest for our future. We'll
continue, but Mario Marciano has left an imprint that will take years to heal.
