• Report: #1036122

Complaint Review: Schaeffer's Invesments

  • Submitted: Tue, March 19, 2013
  • Updated: Tue, March 19, 2013

  • Reported By: TC — Moreland Hills Ohio
Schaeffer's Invesments
5151 Pfeiffer Road #250, Cincinnati, OH 45242 Internet United States of America

Schaeffer's Invesments Investor's Ripoff Scam , Internet

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Schaeffer's sends out reports claiming extremely high returns on thier investment advice. They show page after page of very high returns on thier investment advice letters. They DON"T show anywhere the return policy or lack thereof.

They charge $595 (NONREFUNDABLE) for this advice where they send an email once a week telling you what option to buy. These are weekly options and close in 7 days or less. Since July of 2012, had I invested $2000 per week as they advised, I oddly have lost well over $40,000. In all the trade recommendations since I started, they have only had two that were gains. Luckily I realized early on how incredibly bad their recommendations were.

After two weeks I realized they had no clue what they were doing. When I tried to cancel they refused and sent my credit card company page 22 of a 27 page agreement, that I never say, stating there were no refunds. Refund polices are supposed to be clearly noted on the order page.

They are a complete scam. Of course they do not want to disclose thier refund policy, with such poor advice everyone would want a refund. What a ripoff!

This report was posted on Ripoff Report on 03/19/2013 12:46 PM and is a permanent record located here: http://www.ripoffreport.com/r/Schaeffers-Invesments/internet/Schaeffers-Invesments-Investors-Ripoff-Scam-Internet-1036122. 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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