• Report: #428635
Complaint Review:

Better Trades - Short Term/Long Term - Freddie Rick

  • Submitted: Thu, February 26, 2009
  • Updated: Tue, November 17, 2009

  • Reported By:Luckenbach Texas
Better Trades - Short Term/Long Term - Freddie Rick
3225 S. Mcleod Dr. Suite 100 Las Vegas, Nevada U.S.A.

Better Trades - Short Term/Long Term - Freddie Rick Fraud by Misrepresentation, Concealment, Inducement Las Vegas Nevada

*UPDATE EX-employee responds: Better Trades is WADE COOK all over again

*Consumer Comment: i'd like to add that their infomercials are a scam

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Using my personal experience this RipOffReport is an attempt to demonstrate why Better Trades aka Short Term/Long Term aka Freddie Rick is the leading candidate for the title of Top Rip Off Company. My personal recommendation is that readers of this report avoid any relationship with this company as you will surely come to regret it just as I have.

Of primary importance to the reader is to understand the contract - the contract you are hustled and coerced into signing without reading at the conclusion of the commissioned shill presented seminar. Even if you had time to read it, its wording disguises what you are really agreeing to. So following in layman's language is to what your signature commits you:

(1) This contract is the sole government of your relationship with the company. It excludes from your relationship anything that any company representative says at any time - whether its said in public, in private, on a telephone, in an e-mail, at a seminar, at a workshop, in an infomercial, on a DVD, etc. This contract is a blank check from you to the company for it to operate with total impunity.

(2) The contract guarantees that you surrender any pursuit of legal proceedings against the company. Instead, to resolve a dispute in your relationship with company, you must go to Nevada, at your expense, and present your case to a company selected arbitrator at his/her convenience. Convenience may or may not occur prior to the proverbial second coming of Christ. Can you say "kangaroo Court?"

(3) The exceptions, exclusions and specifications wording of the contract essentially render the "100% Tuition Back Guarantee" one hundred percent worthless. This wording is why the company makes so few refunds. It is not because the "students" have been satisfied with the company's performance.
The contract is probably one of the most shrewdest, cunningly crafted documents ever devised by man that guarantees the company will hardly ever part with any monies it extracts from you.

(4) The contract basically means the company will conduct its business is a "legal manner." However, this does not necessarily translate into conducting the businss in what normally might be considered an "ethical" or a "moral" manner. That's why contracts like this exist. Our legal system functions on principles derived from "common law." These principles provide for and enable any company the legal environment to operate and grow within. Thus, in reality, there is no need for this contract. It's only when a company operates in the "gray" areas are documents like these fashioned.

If you finance any purchases of the company's products through the company, your 18% finance contract will be re-sold, probably several times. Mine finally ended up at a (sister?) company called Universal Account Services, which itself is the subject of RipOffReports #201303 and #0402169. Remember when you were growing up, your parents telling you that you are known by the company you keep?

I also would suggest that you publically ask the company's commissioned shills what percentage of the income is derived from their own personal active stock trading and what percentage of their income is derived from the sale of the company products they induce people to buy at the seminars and workshops. The answer, if you can get an honest one, just might give you a clue whether the company program actually works or not. The answer will also help you understand just what the company's program actually consists of.

Here's what the company's program really consists of:

(1) At the end of the seminar you will be solicited to purchase several company products in the $4K to $6K range. Then, AFTER you have signed the contract to do this,

(2) You will be told to open a brokerage account (recommended $5K initial deposit), and AFTER this,

(3) You will be told that you need a dedicated Personel Computer, or a Lap Top Computer, but preferably both, in order to even particptate in the company's program (another $3K to $6K). And AFTER this,

(4) At the 2 Day Workshop you will be pressured to purchase an additional array of company products (another $10K to $20K). The pressure is applied in this premeditated format: All the instruction presented to you at the workshop is as though you had in your possession ALL of the company's products. There is no separate instruction given by the "faculty" to any of the companys "family" who are not of the financial means to acquire all of these "necessary upgrades." If you don't buy ALL of the company's products you absolutely can not follow along with the instruction, nor can you replicate what the instructor does. It is virtually, literally impossible to use the information that is given.

Another regret you will eventually encounter with this company is the founder, one Mr. Freddie Rick (see www.FreddieRick.com). Here's some of the crafted and contrived endorsements that you find when you hear him speak and when you go to his personal web site.

Mr. Rick, when he speaks, is prone to give a rather pathetically poor karioki imitation of the deceased country comedian, Jerry Clower. The psychology of presenting himself thusly is that Mr. Rick seems to be aligning himself with Mr. Clower in order to bask in Mr. Clower's hard earned reputaion as a "good ol' southern boy who climbed out of proverty to make it big."

This same psychology is reinforced in Mr. Rick's informercial with former football coach Jimmy Johnson. Here Mr. Johnson prostitutes his hard earned reputation gained on the football field to provide Mr. Rick some legitimacy and credibility to associate with.

In Mr. Rick's personal web site you will find that he is an "award winning" personality. The award he received was bestowed on him by his own company faculty. It is self accreditation. It is the same tactic used by "diploma mills" that peddle college diplomas to provide themselves legitimacy and credibility when they actually have none.

Also in Mr. Rick's personal web site he claims he is "a faith person" who "bases his teachings (by logical extension and implication - the way his business is conducted) on principles gleaned from the Bible." When one analyzes that claim and contrasts how his company operates in comparison to Biblical principles, it becomes seemingly apparent that Mr. Rick is a "professor" of Biblical principles, but not necessarily a "practitioner." The Bibilical word for this practice is "hypocrisy" further stating that "by their fruits, you will know them."

The fruit known as "guile" describes a form of deception where an educated party, having certain knowledge, piece meals that knowledge, to an unsuspecting and uneducated party, in such a form or fashion, in order to induce the uneducated party into making a decision favorable to the educated party. Thus the uneducated party's decision is ultimately foreordained, predetermined and contolled by the information giver without the uneducated party ever knowing or realizing what happened. Understanding this, please re-read the previous entries in this report about the company's contract and what the company's program really consists of.
And then answer this question: The Bible states that "in Jesus there is no guile." Therefore what is guile doing in a company founded by a person who claims endorsement from Christ?

Here's some more company overlooked Bibical principles that you might try to apply to what's been covered in this RipOffReport and see what "fruit" conclusions you come up with:

(1) Do unto others as you would have then do unto you.
(2) Love one another as Christ loved you.
(3) Don't lie to one another.
(4) Avoid even the appearance of evil.
(5) Any other principles that you have gleaned from the Bible.

The company's business practices exist only to retain ill gotten greed gain induced and extracted from you, not to contribute anything of positive value to you or your family's personal success. That is my regrettable personal experience with this company. I doubt that yours will be substantially different if you pursue a relationship with this company. For the sake of yourself and your family, DON'T DO IT.

Luckenbach, Texas

This report was posted on Ripoff Report on 02/26/2009 08:04 AM and is a permanent record located here: http://www.ripoffreport.com/reports/better-trades-short-termlong-term-freddie-rick/las-vegas-nevada-89121/better-trades-short-termlong-term-freddie-rick-fraud-by-misrepresentation-concealmen-428635. 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 UPDATE EX-employee responds

Better Trades is WADE COOK all over again

AUTHOR: anonymous - (United States of America)

Freddie Rick is the cheapest owner of any company i have ever worked for! He will not make his employee's real employees because he is cheap and does not want to pay employment taxes for them! But instead make us contractors instead, the funny part is, they tell us when to work our shifts! they treat us just like employees and he does this so he wont have to pay us overtime benefits or anything! in the years i worked for him it was rare i worked under 80 hours so he robbed me of allllll my overtime pay! He is such a horrible leader! he says we are a family welcome to the family! that is a bunch of crap! When you work for him or when you join his company that is the last thing that you feel like! he has a horrible temper that he cant control and if you question him at all your fired! He even makes us sing agreements that we will not drink at alll ever while working for his company on comany trips not for dinner not in your hotel room nothing! just cause he was a drunk! His wife was about to leave him cause he is just not a good man! the money and power has gone to his head and he has forgot were he came from! While working for the company i saw first hand what type of rip-off this place really is! I thought i was joining a winning team a family like they preach! Well i found out fast that no matter what you say if you call to cancel they have a rebuttal to come back with to make you feel like an idiot and down play your cancellation! They 6 month guarantee tells you some of the truth but does not tell you that they only go off your profits not your loss for the 36 trades! They really do a great job of masking rules and policies! They are in some heat with the law rite now with people filling suit on them all around the country! People are starting to see that they really are a scam! While working there i would get calls from 90 year old women that have never used the computer in there life and when they call 2 month down the road lost confused and scared they will not make any exception for cancellation its just " tuff luck" They really do pray on the old and the uninformed! i will say some people do really well in the trading and the education that the company does provide! But i would say that is 30% of the people! the rest think they are getting way more then what they really are and 80% of the customer i would talk to were so upset with how we treat them with not personally but with policy! they dont tell you on the website any prices for any of there tools! this is because when you go online before you buy you will not see how expensive there basic tools are!!! out of this world!!! when you can get the same tools for half the cost online! They dont tell you that if you want to pay for a "retake" of there program that if you dont register online within 3 days of the event the price jumps up another 50 dollars! As far as the Nevada Address they say is there Corporate office! that is a fake as well! they pay a company to have there address in Nevada so they can get around a lot of tax laws! everything Freddie does is all for him! He treats his customer service reps like garbage! pays then nothing for there job! they are the front line! they keep the customers in your company! with lies and smokescreens! He had to make some of his programmers real "employees" because they stood up to him and said they were going to all quit unless he paid them and gave them benefits! As far as the education they provide! i would have to say the only instructor that really gives good education is Bob Eldridge! the rest give you some thoughts and potentials which anyone could figure out and then after teaching for 1.5 hours the rest of the 30 minutes is about there other dvd's and tools that they want you to buy! They say you can email them if you buy there dvd's with questions! thats a lie they dont answer there emails 80% of the time! the customer service reps are the ones that answer for them! Also they will not do any real trades they are all virtual which you will never ever be able to get exactly what they are getting as far as profits go! Also they use 20,000 to 60,000 in there trades and 99% of people dont have this to trade with! but the sneaky lil Freddie tells his employees to tell customers oh just use less money and you will make some of what the instructors makes But if you know anything about what they are teaching they are taking profits of 10 cents to 50 cents in the instructors trades so if Darlene makes 1k in here 10 cent trade you will make nothing using small amounts of money you will lose money !!! When freddie makes a new program he gets trigger happy and launches it way to soon! and there are forever issues with them! and the customers and the customer service reps are left with the short end of the stick! I would tell anyone who wants to work for the company or buy into the company to walk away! being a contractor is the worst choice you can make when your treated like an employee! and buying into a company that says you will be treated like family but lies to you and hides the full truth from you is not a family i want to be a part of!!! no wonder his wife wants to leave him! he must run his home life like his business!!!!

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#2 Consumer Comment

i'd like to add that their infomercials are a scam

AUTHOR: Dan C. - (USA)

i got charged almost $2000 over 4 months because they got their hands on my credit card. it was partly my fault but the infomercial promised a 7 day trial and claimed to need the cc just for authorization.. i had to cancel my credit card to avoid any further charges from them, total rip off and extremely inconveinint...
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