• Report: #112446
Complaint Review:

Wall Street Underground - Nick Guarino

  • Submitted: Mon, October 11, 2004
  • Updated: Mon, November 15, 2004

  • Reported By:longwood Florida
Wall Street Underground - Nick Guarino
1658 N Milwaukee Ave Chicago, Illinois U.S.A.

Wall Street Underground - Nick Guarino Ripoff Ripped Off by Chicago Illinois

*UPDATE EX-employee responds: help for victims of nick guarino

REBUTTAL BOX™ | Respond to this Report! | Consumer Comment

What's this?
Corporate Advocacy Program

Show customers why they should trust your business over your competitors...

What's this?
What's this?
Is this
Ripoff Report
About you?
Ripoff Report
A business' first
line of defense
on the Internet.
If your business is
willing to make a
commitment to
customer satisfaction
Click here now..

Does your business have a bad reputation?
Fix it the right way.
Corporate Advocacy Program™

Set the record straight:
Arbitration Program

SEO Reputation Management at its best!

In March, 2003, I subscribed to the Electronic Wallstreet Underground and paid $5,000 for trading recommendations from NICK GUARINO for trading in the futures market. The subscription included a 100% money back guarantee for up to 1 year for any dissatisfaction with the service.

After losing some $8,000 from trades I decided to cancel my subscription and request a refund. I called WSU (888-229-7878) on 10/21/03, spoke to "Mark" and requested a refund. Mark said it would take 30-90 days to issue a refund by check. Of course no check ever arrived!

On 12/30/2003 I called to check on the status of my refund and was told that I needed to speak with John Hogan (maybe Holden?) about refunds and he wasn't available. I finally reached John H on 01/09/2004 and he said that the refund was in process and to call back if I had not received a check by 01/23/2004.

I called John again on 02/03/2004 as I had not received the refund check and he told me that it would take another 6-8 weeks to issue the refund..no explanation for the delay.

I have since contacted WSU & John Hogan several times and continue to receive the same BS message that it will take 6-8 weeks.

I also sent a certified letter to WSU on March 19, 2004 (before the expiration of the ONE-YEAR REFUND GUARANTEE PERIOD) requesting a refund of the $5,000.00 and received a return receipt.

I have filed complaints with the Attorney Generals in Florida & Kansas, the FTC, and filed a mail fraud report. I have received acknowledgements of the filings but not much else.

I mentioned this problem to an investment broker at the firm I was using for the trades and was told that if I filed a second complaint with the attorney general, WSU would issue a refund. I filed a second complaint & still no action!

Is there a possibility of doing anything via some type of "class action" suit? Anybody have any luck with a refund?


longwood, Florida

This report was posted on Ripoff Report on 10/11/2004 06:29 PM and is a permanent record located here: http://www.ripoffreport.com/reports/wall-street-underground-nick-guarino/chicago-illinois-60647/wall-street-underground-nick-guarino-ripoff-ripped-off-by-chicago-illinois-112446. 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

Click Here to read other Ripoff Reports on Wall Street Underground - Nick Guarino

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Search Tips
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?
0Author 1Consumer 0Employee/Owner
Updates & Rebuttals

#1 UPDATE EX-employee responds

help for victims of nick guarino

AUTHOR: Stewart - (Ireland)

hi guys,
my name is stewart dollery and im an ex employee of wallstreet underground run by SCUMBAG nick guarino.
i would like to help ye get ure money back by offering all information i have on the company which is quite extensive.

i am also available to r
testify against the company if any of u are involved in a lawsuit against nick.

not only that but i have hundreds of pages of documentation belonging to the company and 4 other ex employees are also willing to testify.
this selfish evil man must be stopped!!!
Respond to this report!
What's this?
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?