ED Magedson – Founder
5 Percent Per WeekInternet United States of America
5PercentPerWeek LLC (5percentperweek.com) is an investment newsletter that reports their returns fraudulantly. If they have multiple trades in one week that are net winners they add the returns together. However, if they have multiple returns inone week that are net losers they average the returns! They do this to falsely report larger winning numbers while at the same time reducing the reporting loss of the losers. They also do not fulfill their subscription requirement. If you cancel a recurring payment before your subscription is up to simply avoid being charged a future payment, they cancel your subscription immediately even ifone has not reached the dateone paid through. Furthermore they are totally unprofessional and rude to deal with. Stay away from this newsletter (not that you should need to hear this as their recent results have been awful) as there are plenty of other solid, professional newsletters out there.
This report was posted on Ripoff Report on 01/09/2011 03:59 PM and is a permanent record located here: http://www.ripoffreport.com/reports/5-percent-per-week/internet/5-percent-per-week-percent-corp-5percentperweek-investment-newsletter-reports-fraudulant-680701. 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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