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Report: #1215821

Complaint Review: 5 Day Options - Lago Vista Texas

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  • Reported By: Bazza — Darfield Other New Zealand
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  • 5 Day Options 20004 Columbus Lane Lago Vista, Texas USA

5 Day Options PROOPTIONSTRADING Complete rip-off and dishonesty. Run a mile! Lago Vista Texas

*Consumer Comment: 5 Day Option Scam

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5dayoptions.com is a complete rip-off. The 2 principals Jonathen Roberts and his partner in fraud, Charles Bittman are proffesional theives and liars. This service also trades under prooptionstrade.com. You get the same trades for either service.

I can't recall just how I found these guys and I am embaressed as I fell for their lies.

I rquested a track record, which was very hard to actually understand but showed a reasonable return.

They, Jonathen Robertscalled me and claimed a return of 3-4% earnings per week. On this basis I assumed an average of 3.5% I paid up and it was some time hassle and excuses before I actually received my weekly alerts. I autotrade with e-options and the trades won but at around 2% before brokerage

I  more than once requested to see the last 2 years track record trade by trade which was never sent.

My subscription welcome letter stated that a full refund would be given if I wanted to stop using the service.

Jonathen then convinced me to join their 'Premium' service and agreed and paid the USD 600 for a year. This service provided another trade per week. As the performance was about 50% of another weekly options subscription service I use I decided to cancel and asked for a refund on the un-used portion of both services. About this time I noticed that I had been double charged for the premium service. When I advised them of this I was told I would be getting a full refund of the overpayment "mistake" and the subscriptions. Despite numerous e-mails and phone calls I was promised the USD 1662. This has never eventuated and neither e-mails or telephone calls are answered. So, my 'Trial' of 5-day options/Prooptionstrading cost me USD 1662

Steer away from these services (no doubt they will reappear with a new service to rob other people).

The principals are dishonest cheats and liars 

This report was posted on Ripoff Report on 03/14/2015 08:35 PM and is a permanent record located here: https://www.ripoffreport.com/reports/5-day-options/lago-vista-texas-78645/5-day-options-prooptionstrading-complete-rip-off-and-dishonesty-run-a-mile-lago-vista-t-1215821. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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#1 Consumer Comment

5 Day Option Scam

AUTHOR: DF_in_Louisiana - (USA)

POSTED: Monday, August 10, 2015

I had a similar experience with 5 Day Options. Jonathan Roberts and Charles Bitman played me for a sucker also.

From the beginning, I was sckeptical of their claims but Jonathan quickly cut their subscription price to $600/year and told me that I could just follow the trades without any participation for 6 months. At any time during the first 6 months, I could have my money refunded if I was not happy with the program. Even though I had already put up the subscription fee, they told me that my subscription would not start until I made my first trade.

After about 6 weeks of following their trades, I could see that this was not for me. I would have to invest $10,000 to make $150 if the trade was successful. If the trade was not successful, it could be a $1K-$2K loss. This trade was made every week. You can see that 1 loss would take 7-14 wins to break even.

Jonathan explained to me that he showed me his track record and that he only losses 2 or 3 times a year. What he showed me could easily have been fabricated and there were no audited results for me to look at. At this point, I decided to tell Johnathan thanks but no thanks. This program was not for me and I just wanted my money back like they promised if I was not completely satisfied.

Jonathan was very polite about my refund request and said 'no problem'. Well, 2 or 3 weeks went by and I didn't get my refund. I called Jonathan and he said he didn't know what happened but he would get to the bottom of it. Another 2 weeks went by and I called Jonathan again. He told me that he spoke to his partner, Charles Bitman, and thought he had taken care of it. Jonathan then gave me Charles' phone number and said I should call him.

I called Charles and he said he would take care of it. Two weeks went by and again, no refund. There was a pattern developing. When I called Charles to ask him what the status of my refund was, he told me that Johnathan had told him that he was taking care of it.

After about 3 months of trying to get my refund, Jonathan and Charles stopped answering my phone calls. If you are considering doing business with these two con artist, don't fall for Jonathan's easy going manner and that he wouldn't want you to do anything without testing it first. This only works if you don't have to put up the subscription fee in advance of testing. 

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