- Report: #1094394
Report - Rebuttal - Arbitrate
Complaint Review: Gerard Adams
Gerard Adams115 River St, Suite 151, Edgewater, NJ Edgewater, New Jersey USA
Gerard Adams Equities Awareness Group Pumps and Pumps Boiler Room Scam Stocks Edgewater New Jersey
*Author of original report: Gerard Adams Sold EAG to Anthony Amado
*Author of original report: More Disturbing Info on EAG
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I invested my $50,000 life savings into a stock recommended by Gerard Adams' Equities Awareness Group that was listed as a "safe investment" and a "sure thing to double or triple" within 90 days. Instead, within 2 days, it fell 98% in value. How does a stock fall 98% in two days unless it is a pump and dump scam?
I found an Instagram account for Gerard Adams under the username "GerardAdamsNYC" and a few weeks after I lost my life savings, Gerard was posting pictures showing off a $300,000 Ferarri that he apparently purchased himself using money he earned from ripping people off through Equities Awareness Group. I went onto YouTube and watched several videos that exposed Gerard Adams as being a pump and dump scam artist. I wish I saw this before I lost my life savings.
Be aware, Equities Awareness Group is a modern day boiler room and the companies they recommend might not even exist. [continued below]....
This report was posted on Ripoff Report on 10/24/2013 03:45 PM and is a permanent record located here: http://www.ripoffreport.com/r/Gerard-Adams/Edgewater-New-Jersey-07020/Gerard-Adams-Equities-Awareness-Group-Pumps-and-Pumps-Boiler-Room-Scam-Stocks-Edgewater-N-1094394. 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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