- Report: #186282
Report - Rebuttal - Arbitrate
Complaint Review: Jowen Sapiano
Jowen Sapiano43111 Becky Lane Palmdale, California U.S.A.
Jowen Sapiano Options Trading Fraud, Scuba Instructor Cheat ripoff Palmdale California
*Consumer Comment: Character Witness
*Consumer Comment: Incorrect Information
*UPDATE EX-employee responds: I worked for the "Software Company" and Jowen
Unfortunately, Jowen Sapiano did not have the experience, or expertise, or success, or track record he claimed. There was no group of millionaire students. Jowen's scam was just to repeat Optionetics videos and techniques and sell pirated software.
The Optionetics Representative testified in our court case, showing documents that Jowen had sold me pirated software, and had just begun to learn to trade Options with them just a year before. A Novice fraud claiming to be an expert with a history of success!
After a few meetings of his "class" (me an a friend I convinced to take the class with me) I started to insist he make good on his promises to team me up with his more experienced, successful students. The thing blew up when Jowen totally denied ever having made any of the promises or claims of success.
I refused to continue making payments (I had payed $6,000+ already, so Sapiano stole my Scuba gear left on his boat (which he later gave back) and sued me in small claims! Turns out he had sued others. Of course I had no proof of his many grandious claims, so it was just his word agains mine, and my signiture on the $10,000.00 contract. OUCH!!!
He also trained me in scuba diving. When his boat broke down near Catalina Island, he just signed off the dive as if I had completed it. Dangerous. He certified me without me actually doing the required dives!
I contacted people in the town he had moved from. They told me that when he lived there (2 years before) he was not an options trader, but a software writer! And had hired teenage software writers, then failed to pay them!
Beware of Jowen Sapiano's "history of success". He is vey slick, very gifted, very convincing. Since being taken I have searched the web and find no history of his existance until a few years ago, when he owned a musical instruments store near Palo Alto. Then he owned that software writing company near Filmore. Now he owns a options trading training business. What's next? Heart Surgery? Probably been at it for decades and saved thousands of lives already (sarcasm intended).
This report was posted on Ripoff Report on 04/12/2006 12:58 PM and is a permanent record located here: http://www.ripoffreport.com/r/Jowen-Sapiano/Palmdale-California-93551/Jowen-Sapiano-Options-Trading-Fraud-Scuba-Instructor-Cheat-ripoff-Palmdale-California-186282. 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.
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