- Report: #1025923
Report - Rebuttal - Arbitrate
Complaint Review: Market Authority Inc - Jason Cox
Market Authority Inc - Jason Cox901 Rio Grande Blvd NW Albuquerque, New Mexico United States of America
Market Authority Inc - Jason Cox Wealth Insider Alliance, Sam Johnson, Ian Cooper, James DiGeorgia, Charles Mizrahi, Mark Messier, Adrian Manz, Andy Man, Mike Ser. John Thomas Pump and Dump Stock Scammers Albuquerque, New Mexico
*Consumer Comment: Thank you so much for exposing this scam
*Consumer Suggestion: Definetely a scam
*Consumer Comment: Sam Johnson
*Consumer Comment: No response to refund request
*REBUTTAL Owner of company: This is Jason Cox responding
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He started out peddling worthless trading systems online with promises like "Turn $1,000 into $3.6M in six months" as Wealth Insider Alliance, some of his gems were: Speed Retirement, Swing Trading Millionaire, Gold & Energy Options Trader, Buyout Trader, Daily Income Trader, Part Time Gold Trader and Macro Millionaire. Google any of them and you will find plenty of unhappy customers.
He has used a list of aliases including: Sam Johnson, Ian Cooper, James DiGeorgia, Charles Mizrahi, Mark Messier, Adrian Manz, Andy Man, Mike Ser, John Thomas and Geoff Garbacz.
Already the subject of a long running FTC investigation, he found himself unable to continue pushing this trash after the credit card merchants refused to take payments for him due to the amount of complaints and chargebacks his victims generated. After a short spell with Paypal, who soon dumped him, he came up with his most audacious scheme to date: Passive Income Engine.
This is the classic pump and dump scam with a twist he also charges his victims to take their money!
Mr. Cox gets paid by the pumpers to fill your inbox with spam but also charges these people to receive his junk email! Hows that for burning the candle at both ends?
Like all penny stock scams it relies on a line of nave and gullible people being taken in by the hype and B.S. who pay more for the stock than the sucker before them. Eventually the stock crashes and everyone (apart from the pumpers) gets fleeced.
Example - another email received from him only yesterday:
On 1/10/2013 Market Authority informed you of a huge IR campaign starting for the company ECAU when it was selling at 80 cents. We knew this because we were paid $25,000 to send out the advertisement and we accepted it because we had studied the company and felt like it would be a great trading opportunity.
The stock reached a peak of 3.61 in 13 trading days and we told our members to take a fast profit on this stock. Depending on how long you held to it you could have potentially made a return of 350%.
We've been paid $25,000 again by another very large IR firm and they are using direct mail and email to bring awareness to this stock as well.
Stay Tuned for the Ticker Monday morning!
Americans deserve better. We should be protected from this kind blatant fraud. It is time to make a stand. If you have been ripped off by Jason Cox contact the FTC in Washington and write your congressman.
This report was posted on Ripoff Report on 03/08/2013 11:43 PM and is a permanent record located here: http://www.ripoffreport.com/r/Market-Authority-Inc-Jason-Cox/Albuquerque-New-Mexico-87104/Market-Authority-Inc-Jason-Cox-Wealth-Insider-Alliance-Sam-Johnson-Ian-Cooper-James-1025923. 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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