• Report: #463825

Complaint Review: Compound Stock Earnings Inc & Compound Stock Earnings Seminars Inc

  • Submitted: Mon, June 22, 2009
  • Updated: Fri, March 05, 2010

  • Reported By:Wilmington Delaware
Compound Stock Earnings Inc & Compound Stock Earnings Seminars Inc
222 W. Fourth Street Suite 301 Fort Worth, Texas U.S.A.

Aaron Zalewski,Joseph Hooper, Compound Stock Earnings Inc & Compound Stock Earnings Seminars Inc Paid $2000 Seminar - Joseph Hooper Claimed 5% per week Trading Leaps & Covered Calls. I lost $50000 & My House Fort Worth Texas

*UPDATE EX-employee responds: Joseph Hooper Has Been LYING about returns to SELL SEMINARS

*UPDATE EX-employee responds: Joseph Hooper Has Been LYING about returns to SELL SEMINARS

*UPDATE EX-employee responds: Joseph Hooper Has Been LYING about returns to SELL SEMINARS

*Consumer Comment: You said it yourself

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I was trading stocks and came across these Guys on their Radio programme where they claimed they were making 5%-8% pm selling covered calls and 5% per week using leaps and covered calls in their own funds. They sounded genuine and being on radio and all it gave them credibility.

I signed up for the seminar and started trading leaps and Covered calls from their recommended stocks servcie and started losing big money when the stocks started tanking. Aaron and Joseph just said "its only paper losses". Just wait for the stocks to go up and you are in business again! Some stocks never came up - like Lehman, citibank, AIG etc they just tanked and I lost a lot of money.

They never cared because I think they earn their money from seminars. Innocent people like us lose their life savings in the risky strategies like this. People like Joseph Hooper and Aaron Zalewski will eventually be exposed just like Bernard Maddoff - They never spelled out the RISK! The FTC or the Attorney General needs to look at their operation before any more innocent folks lose their life savings. On You Tube another client has posted a Video of one of their recent CSE Funds which also LOST MONEY and it was quietly closed. The income claims they have been making are just too high - if they were making 5% per week with leaps and covered calls - why would they run seminars and workshops - they can OWN WALL STREET - Aaron claims to be an ex investment BANKER!

What about their ACCOUNTANTS, AUDITORS, SOLICITORS, STOCK BROKERS and even the IRS -they MUST KNOW if these guys are making what they are publicly claiming on the web site, DVDs, their book & radio programmes. All these professional people have a duty of care and a legal and moral responsibility to the consumer. I hope someone has the conscience to do the right and christian thing - before more innocent folks lose their life savings. If they know the truth how can these guys sleep at night?

Thank you for reading this - I hope the FTC or the IRS does the right thing and investigates this company, its officers and their professional advisers to verify their income claims. If it is true that their fund makes 6% per month -they must have made Millions of $$$ with this Scheme. I am sure I and hundreds of other critics of teh system will be the first to congratulate them if they have made such great returns on their investments and will be remembered by Wall Street for years to come.

They do not have nothing to worry about if they can prove it. One day Joseph Hooper and Aaron Zalewski will have to answer to the American people.

If you are planning to join their seminars and workshops do your due dilligence before partiung with your cash.

Good Luck

StockTrader
Wilmington, Delaware
U.S.A.

This report was posted on Ripoff Report on 06/22/2009 04:24 PM and is a permanent record located here: http://www.ripoffreport.com/r/Compound-Stock-Earnings-Inc-Compound-Stock-Earnings-Seminars-Inc/Fort-Worth-Texas-76102/Aaron-ZalewskiJoseph-Hooper-Compound-Stock-Earnings-Inc-Compound-Stock-Earnings-Semina-463825. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report.

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Updates & Rebuttals

#1 UPDATE EX-employee responds

Joseph Hooper Has Been LYING about returns to SELL SEMINARS

AUTHOR: Csevictim - (United Kingdom)

Its sad that these people have lost money - Joseph Hooper has been lying to people for ten years - he claims returns of 5% per week - its just impossible!

While I was working there for a short while there were so many complaints and threats against him and the staff that I just could not take it anymore and fell ill.

Hundreds of people have lost thousands of dollars because they fell for the sales pitch and then Aaron Zalewski was used as a front for Joseph Hooper.

I know they never helped anybody that lost money - they just wanted to sell the seminars, manuals and the DVDs. In fact most of the testimonials were paid for
by offering free trading sessions and DVDs and offers of jobs in the future "once they know how to use the system"

I would keep away and put the money in a mutual fund - do not fall for the scam.

God bless

Kelly
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#2 UPDATE EX-employee responds

Joseph Hooper Has Been LYING about returns to SELL SEMINARS

AUTHOR: Csevictim - (United Kingdom)

Its sad that these people have lost money - Joseph Hooper has been lying to people for ten years - he claims returns of 5% per week - its just impossible!

While I was working there for a short while there were so many complaints and threats against him and the staff that I just could not take it anymore and fell ill.

Hundreds of people have lost thousands of dollars because they fell for the sales pitch and then Aaron Zalewski was used as a front for Joseph Hooper.

I know they never helped anybody that lost money - they just wanted to sell the seminars, manuals and the DVDs. In fact most of the testimonials were paid for
by offering free trading sessions and DVDs and offers of jobs in the future "once they know how to use the system"

I would keep away and put the money in a mutual fund - do not fall for the scam.

God bless

Kelly
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#3 UPDATE EX-employee responds

Joseph Hooper Has Been LYING about returns to SELL SEMINARS

AUTHOR: Csevictim - (United Kingdom)

Its sad that these people have lost money - Joseph Hooper has been lying to people for ten years - he claims returns of 5% per week - its just impossible!

While I was working there for a short while there were so many complaints and threats against him and the staff that I just could not take it anymore and fell ill.

Hundreds of people have lost thousands of dollars because they fell for the sales pitch and then Aaron Zalewski was used as a front for Joseph Hooper.

I know they never helped anybody that lost money - they just wanted to sell the seminars, manuals and the DVDs. In fact most of the testimonials were paid for
by offering free trading sessions and DVDs and offers of jobs in the future "once they know how to use the system"

I would keep away and put the money in a mutual fund - do not fall for the scam.

God bless

Kelly
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#4 Consumer Comment

You said it yourself

AUTHOR: Christiana - (U.S.A.)

I'm very sorry this happened to you and many other, but you said it yourself that it was a risky strategy, and just because something is on the radio or television does not automatically make it worthy of anything. They make their money with ads, and give no promises of positive results. Investment = Risk.
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