• Report: #343339

Complaint Review: Compound Stock Earnings,joseph Hooper,aaron Zelewski

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  • Submitted: Mon, June 23, 2008
  • Updated: Thu, March 25, 2010

  • Reported By:rockwall Texas
Compound Stock Earnings,joseph Hooper,aaron Zelewski
222 W. Fourth St., Ft. Worth, Texas U.S.A.

Compound Stock Earningscompound Stock Earnings,joseph Hooper, aaron Zelewski covered calls don't work the way Hooper describes Ft. Worth Texas

*Consumer Comment: feds aren't doing anything!

*Consumer Comment: Joseph Hooper And Aaran Zalewski Are Liars - Covered Calls Do Not Work in Falling Markets

*Consumer Comment: Joseph Hooper And Aaran Zalewski Are Liars - Covered Calls Do Not Work in Falling Markets

*Consumer Comment: Joseph Hooper And Aaran Zalewski Are Liars - Covered Calls Do Not Work in Falling Markets

*Consumer Comment: Joseph Hooper And Aaran Zalewski Are Liars - Covered Calls Do Not Work in Falling Markets

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I was first attracted to Compound Stock Earnings and listened to their radio program on KRLD, Dallas 7am to 8am saturdays. They constantly talked about their unconventional wisdom and how they were making 3% to 8% per month on covered calls. It sounded very attractive. The problem was that while you may make 3% to 8% on the premium you receive from selling the call, they conveniently downplay the losses you take when the stock goes down 25% or 40%.

Hooper said at his seminars " don't worry , I'll show you how to manage the fallen position, make 5% per month and get all your money back in two years. Well, that didn't work the way he described. In fact after 8 months I was down $15,000 in my account. He was very critical of brokers and others who only make 5% to 8% per year while he was making 3% to 8% per month. He is very insulting during his seminars and regularly criticized local financial writers and brokers. His web site advertised full support, but what one got was e-mails with no dialog which is not much help at all. I called his office but rarely was anyone there who could help. I guess I was lucky since I heard from a lady in California who according to her was personally coached by Hooper and lost over $200,000. Whenever I complained in e-mails or at the seminar he would say I wasn't following the rules.

In all fairness to Hooper, I did speak to several people in 2007 who said they made money with the system, but it seemed I spoke with more that didn't. However, I was never able to talk to these that said they made money on my problems as we weren't given access. One person was an ex-airline pilot who said he made money. He also became an instructor. Mr. Hooper also did not disclose that in 2005 he set up a $40,000 fund and bragged he would show everyone how to do it and would use his covered call method and expand the fund to 5 million in five years. According to a report I found in You Tube, after a year with Hooper managing the fund, it lost money and he quietly closed it.

Earlier this year I wrote a letter to Compound Stock Earnings asking them to refund my $5,000 that I had invested in his seminars. They refused but Aaron Zelewski offered to personally coach me and show how the method works. I told him it would be better if he would use his own money and show me how he does it. I never heard from him.

My advice for this company is to get a written 100% money-back guarantee if not satisfied from them before investing any money. Also ask them to show you that they are investing the same way they they advising

No covered calls
rockwall, Texas
U.S.A.

This report was posted on Ripoff Report on 06/23/2008 05:26 PM and is a permanent record located here: http://www.ripoffreport.com/r/Compound-Stock-Earningsjoseph-Hooperaaron-Zelewski/Ft-Worth-Texas-75102/Compound-Stock-Earningscompound-Stock-Earningsjoseph-Hooper-aaron-Zelewski-covered-calls-343339. 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 Consumer Comment

feds aren't doing anything!

AUTHOR: Ripoff Spotter - (USA)

Are the consumer protection departments asleep - or are they just
ignoring this SCAM - How many more people need to lose their life
savings before they will take action? If you have parents or friends
that have lost money with these guys HELP them get it back. Its hard to
admit you have lost money in a scam But when you get some of it back it
feels a lot better - do not let them get away with it anymore.
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#2 Consumer Comment

Joseph Hooper And Aaran Zalewski Are Liars - Covered Calls Do Not Work in Falling Markets

AUTHOR: Csevictim - (United Kingdom)

Compound Stock Earnings Ltd and Joseph Hooper have been lying for years. Their CSE Fund that he claims makes 6% per month - if they invested $50,000 as Joseph claims in 2001 - their fund would now be worth over $50 Million. Jospeh claims on You Tube that he gives access to paying clients to teh account - thats lies.

I can also confirm that MOST people I know using his sytem over the last two years have LOST MONEY! They are making false claims about the returns and I tried get my money back and the attorneys Darrell Cook and Kelly Bryan of Darrell Cook Associates started threatening me if I talked about the details. I checked the firm out on www.TexasBar.com and Darrell Cook has been suspended by the Bar for malpractice and involvement in some Gibralter Mortgage company and harrassing clients when they have settled claims.

Darrell Cook is the hound dog Joseph uses to harras and silence clients and whistleblowers. I know an ex employee of Compound Stock Earnings Ltd who told me never to get involved again with these guys - they are a scam and do not pay any taxes.

They never refund money to anyone and when people lose money they do not support them unless they pay high personal mentorship fees.

Stay Away - Covered Calls are VERY RISKY when markets are falling.
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#3 Consumer Comment

Joseph Hooper And Aaran Zalewski Are Liars - Covered Calls Do Not Work in Falling Markets

AUTHOR: Csevictim - (United Kingdom)

Compound Stock Earnings Ltd and Joseph Hooper have been lying for years. Their CSE Fund that he claims makes 6% per month - if they invested $50,000 as Joseph claims in 2001 - their fund would now be worth over $50 Million. Jospeh claims on You Tube that he gives access to paying clients to teh account - thats lies.

I can also confirm that MOST people I know using his sytem over the last two years have LOST MONEY! They are making false claims about the returns and I tried get my money back and the attorneys Darrell Cook and Kelly Bryan of Darrell Cook Associates started threatening me if I talked about the details. I checked the firm out on www.TexasBar.com and Darrell Cook has been suspended by the Bar for malpractice and involvement in some Gibralter Mortgage company and harrassing clients when they have settled claims.

Darrell Cook is the hound dog Joseph uses to harras and silence clients and whistleblowers. I know an ex employee of Compound Stock Earnings Ltd who told me never to get involved again with these guys - they are a scam and do not pay any taxes.

They never refund money to anyone and when people lose money they do not support them unless they pay high personal mentorship fees.

Stay Away - Covered Calls are VERY RISKY when markets are falling.
Respond to this report!
What's this?

#4 Consumer Comment

Joseph Hooper And Aaran Zalewski Are Liars - Covered Calls Do Not Work in Falling Markets

AUTHOR: Csevictim - (United Kingdom)

Compound Stock Earnings Ltd and Joseph Hooper have been lying for years. Their CSE Fund that he claims makes 6% per month - if they invested $50,000 as Joseph claims in 2001 - their fund would now be worth over $50 Million. Jospeh claims on You Tube that he gives access to paying clients to teh account - thats lies.

I can also confirm that MOST people I know using his sytem over the last two years have LOST MONEY! They are making false claims about the returns and I tried get my money back and the attorneys Darrell Cook and Kelly Bryan of Darrell Cook Associates started threatening me if I talked about the details. I checked the firm out on www.TexasBar.com and Darrell Cook has been suspended by the Bar for malpractice and involvement in some Gibralter Mortgage company and harrassing clients when they have settled claims.

Darrell Cook is the hound dog Joseph uses to harras and silence clients and whistleblowers. I know an ex employee of Compound Stock Earnings Ltd who told me never to get involved again with these guys - they are a scam and do not pay any taxes.

They never refund money to anyone and when people lose money they do not support them unless they pay high personal mentorship fees.

Stay Away - Covered Calls are VERY RISKY when markets are falling.
Respond to this report!
What's this?

#5 Consumer Comment

Joseph Hooper And Aaran Zalewski Are Liars - Covered Calls Do Not Work in Falling Markets

AUTHOR: Csevictim - (United Kingdom)

Compound Stock Earnings Ltd and Joseph Hooper have been lying for years. Their CSE Fund that he claims makes 6% per month - if they invested $50,000 as Joseph claims in 2001 - their fund would now be worth over $50 Million. Jospeh claims on You Tube that he gives access to paying clients to teh account - thats lies.

I can also confirm that MOST people I know using his sytem over the last two years have LOST MONEY! They are making false claims about the returns and I tried get my money back and the attorneys Darrell Cook and Kelly Bryan of Darrell Cook Associates started threatening me if I talked about the details. I checked the firm out on www.TexasBar.com and Darrell Cook has been suspended by the Bar for malpractice and involvement in some Gibralter Mortgage company and harrassing clients when they have settled claims.

Darrell Cook is the hound dog Joseph uses to harras and silence clients and whistleblowers. I know an ex employee of Compound Stock Earnings Ltd who told me never to get involved again with these guys - they are a scam and do not pay any taxes.

They never refund money to anyone and when people lose money they do not support them unless they pay high personal mentorship fees.

Stay Away - Covered Calls are VERY RISKY when markets are falling.
Respond to this report!
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