Perhaps about five years ago I sent $5000 to Wall Street Underground, taking them up on an offer to be advised regarding the coming crash of the stock market, which Nick was obviously sure would go down before the arrival of the new millenium or about that time. If it did not, I would be able to get my money back or at the least would receive a lifetime subscription.
I never asked for my money back because, frankly, I was happy to get the information Nick puts out. In fact, Nick has proven on a number of occasions that he knows what he's talking about and knows how to trade the markets. He also sounds like he is not afraid to tell the truth and really cares about his subscribers, i.e., that he wants to protect their best interests and show them how to make money. Also, Nick's services have even been offered through people like Martin Weiss, who impresses me as being most forthright; thus, it seemed like Martin was endorsing him.
Well, you guessed it: I was shut out of the website. Starting from last week my password has been repeatedly rejected. That left me with NO options since, oddly and suspiciously enough, the site publishes no email address through which you can contact Nick or WSU. Nor did they ever print a phone number. Yesterday, however, when trying to enter the site, for the first time they published a phone number for those having trouble getting in. So last night I called the number and got--you guessed it again--the run around.
I told the flippant young salesman (he called himself the "Chief Salesman" but obviously knew nothing about selling) about the offer I was made. He then said WSU never made such an offer but asked me to call another number to see if I was in their database. I called and I was not. The woman on the line then gave me another number (an entirely new one) and I got the illustrious "Chief Salesman" again.
Now, instead of saying something like, "I'll find out about that for you," or "I'll talk to Nick to verify that", or "Let me look into that", he flat-out told me again that WSU had never made such an offer. Upon my query, he told me he had been with the organization three years. I responded that I didn't want to be rude but he didn't know what he was talking about. That's when he assured me he did and sealed that remark with the statement that he was their "Chief Salesman".
Of course, he tried to sell me another year's subscription for another $5000 so he was at least half-right in his self-description, but he also asked if I had any proof of having sent in the money. Of course, it would do no good to produce such proof because he would then say that that was merely their annual fee and did not entitle me to lifetime service.
The thing I'm sorry about most is losing the service because, frankly, I really like the wealth of information Nick provides and he must work very hard at getting and analysing it--and he does sound most sincere, like he really cares about what's going on in the world. For example, he'll often say something like, "It's a shame," "It's tragic", or "I'm so angry about this," when referring to all the scams on Wall Street (and in Washington, e.g., Enron, etc.) and how it just wants to take your money. So, either Nick is false to the core and a better scam artist than the best of the Wall Street crowd or he is somehow unconscious of the fact that promises are being made in his name and not being kept.
From the number of other complaints about him on this site, it seems like, alas, he's a master scam artist. (Who can one trust?) It's just hard to reconcile this probability with all the sincere-sounding lamentations he makes on behalf of the abused investors, including "Auntie Em", his symbol of the poor old woman sending her retirement money to Wall Street to invest in her own best interests. Go figure!
The most satisfying moment was when I slammed the phone down on that jerk of a salesman after he told me they had no email address, and "Why do you need one? We have phone numbers." Somehow he didn't seem to be aware that email is cheaper (I live in Taiwan so even toll-free numbers to the States are not free), often more convenient, and leaves a permanent record to which the receiver can respond at his/her convenience. Plus, as I said, no phone numbers were provided until yesterday. So, to save my intelligence from further insults, I voted with my fist!
Bottom line: either return my money, Nick, or allow me permanent access to your website!
Kaohsiung, Other Click here to read other Rip Off Reports on Wall Street Underground