• Report: #443833

Complaint Review: Teach Me To Trade, Whitney Education Group

  • Submitted: Wed, April 15, 2009
  • Updated: Mon, August 18, 2014

  • Reported By:Melbourne Florida
Teach Me To Trade, Whitney Education Group
1612 E. Cape Coral Parkway Cape Coral, Florida U.S.A.

Teach Me To Trade, Whitney Education Group Need help building a class action lawsuit against this company. Cape Coral Florida

* : I Totally Agree

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This company has ripped off thousands of people and profited from having people run up their credit limits or spend their life savings all in the hopes of a better way of life. Their advertising and seminars deceived and mislead consumers by making direct and indirect implications that by using their products or services, a consumer can attain wealth and financial independence when that is not the experience of the typical consumer. Whitney Education/Teach Me To Trade used "testimonials" from individuals claiming to have achieved success using Whitney's educational products or through other inaccurate statements in the infomercials about what would be taught at the seminars. Other consumers have complained that the introductory programs and seminars, touted as training that would change careers and lifestyles and give persons financial freedom and independence, covered only very rudimentary information and were used mainly to entice consumers to purchase "more advanced" and significantly more expensive training programs costing thousands of dollars. I am currently working on building a class action suit against them and need people that had a negative experience with TMTT to contact me. If you have had a recent experience with them please get in contact with me through Ripoffreport.com


This report was posted on Ripoff Report on 04/15/2009 01:02 PM and is a permanent record located here: http://www.ripoffreport.com/r/Teach-Me-To-Trade-Whitney-Education-Group/Cape-Coral-Florida-33904/Teach-Me-To-Trade-Whitney-Education-Group-Need-help-building-a-class-action-lawsuit-again-443833. 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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#1

I Totally Agree

AUTHOR: Jimmy - (USA)

I had a terrible experience with the company as well.  I signed up for the program and was not impressed at all.  I went to a Las Vegas meeting and I couldn't find a single trader that could say  " I am doing well"  it was more like  " I hope that I'm going to do well" and "no one really wants to admit they aren't doing well".  Meanwhile Teach Me To Trade was continuing trying to sell, sell, sell more classes.  Just take this class and then you'll understand.


Next thing you know they mailed me some CD's and said that is the class. Imagine that after all that hype and then they just mail you a CD.  Wow.  Well I called up and they said you can also take a physical class as well (ends up alot of students got upset). 


If you had followed one swing trade strategy that they pushed anyone would have gotten chewed up and spit out in the market over the last year.  Based on all the information I can gather, I would be shocked if more than 20% of the students were successful.  I'm giving 15% on luck and 5% based on a gift from God.      


What an appealing sale.   "Let us teach you how to trade and financial freedom is yours."   Boy do I feel really stupid now. 


$ 8,000 for a two day private and personal session with an "expert trader" that will show you a proven method to make money in the market.   If the expert trader could show you one way to make money in the market it would be worth that and more.   Found out later through another trader that they pay the trader $ 1,000 a day and keep the difference.  In reality I don't even believe the "expert traders" have winning accounts or used the methods being taught.  


People looking for another way to make money are being slaughtered by this company but  Teach Me To Trade covers their legal tracks though making it difficult to sue.   "educational purposes" is not regulated and you really have to think twice about spending good money to chase after bad money (it's all bad karma).    


I figured time will catch up to them.  You hope the law can see through that because the reality is that alot of innocent people are getting hurt in a big way.  


I went to see an attorney and found out that eventhough they verbally gave earnings claims during the sales process that I would have to hire an attorney in Utah etc, etc.  It ends up your throwing good money after bad.


The sad thing is that Whitney Education/ Teach Me To Trade has now teamed up with Rich Dad Poor Dad and they are advertising heavily.  People are very desperate right now to find another way to make money and Teach Me To Trade must be making a sick amount of money all at the expense of people wanting to improve their situation.


If your putting together a class action.  I'll be another victim.  


   

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