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Report: #1233751

Complaint Review: Joseph Nemeth - Scottsdale Arizona

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  • Reported By: Kay Colie — North Beach Maryland USA
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  • Joseph Nemeth 9393 North 90th Street Scottsdale, Arizona USA

Joseph Nemeth Global Profit Technologies, Inc Caveat Emptor ! Buyer beware ! Scottsdale Arizona

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Joseph Nemeth and his company, Global Profit Technologies, Inc , are proven failures and commit fraud to promote customers confidence to buy and invest in a worthless business. Mr Nemeth has the charisma to double and triple talk his way into your bank account, promising to pay back any money that may be lost after one year while using his forex trading software. Mind you, he has a "hands off Policy" once the system is tied into your brokers account, so it's all on his system. The software is supposed to prevent any losses with a trade recovery strategy that cannot take into account margins that are gone after a bad run with faulty software. This happened before, according to Mr Nemeth, but of course he blames it on the broker. My account was wiped out by his system and he did begin to pay back the 28k lost, but after two payments of 5k each, he stopped and pleaded poverty. He paid me because, quoting Mr Nemeth " I'd rather have you on my side, than against me." He said this as my upline contact is in touch with over six federal agaencies that are looking into him personally, and business. He has raised hundreds of thousands, if not millions of dollars issuing worthless stock, and refuses to provide third party proof to his claims of the valuation. During my initial interview with Mr. Nemeth I asked if he was a US citizen, a major concern to me since he was selling in the US and making promises to guarantee my money not be lost. On a tape recorded interview he said YES, he was a US citizen and had dual residency in Canada. The truth is Mr. Nemeth is not a citizen of the US (by his own words after the calamity in my account and my demand he pay it back) and claims he is now on the run due to numerous threats against him ! He drives around in $100,000.00 cars but owns nothing as he has all assets in the name of his daughter or family and friends.  Using a MLM plan, he draws in people with the promise to place money into the accounts of the sales leaders equal to $1000.00 per new member that buys the software. Again, more decit as it never happened, or would it have happened. Mr Nemeth has a long history in his own country and now moving around the world to scam after scam after scam. I expect our criminal investigation agencies will put him where he belongs and help the many people that I am aware of, recover their money.

 

This report was posted on Ripoff Report on 06/05/2015 11:35 AM and is a permanent record located here: https://www.ripoffreport.com/reports/joseph-nemeth/scottsdale-arizona-85258/joseph-nemeth-global-profit-technologies-inc-caveat-emptor-buyer-beware-scottsdale-a-1233751. 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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