Complaint Review: CTI Group, LLC - Newport Beach California
- CTI Group, LLC 3857 Birch Street, Ste 545, Newport Beach, CA 926 Newport Beach, California United States of America
- Phone: 323-348-4766
- Web: www.jl@yahoo.com
- Category: Investment Brokers
CTI Group, LLC Jack Logan, Mark Bishop False claims and breach of agreement to refund fees Newport Beach , California
listed on other sites?
Those sites steal
Ripoff Report's
content.
We can get those
removed for you!
Find out more here.
Ripoff Report
willing to make a
commitment to
customer satisfaction
Click here now..
Telemarketer, Jack Logan, cold called me stating he represented a programed stock trading company identified as CTI Group LLC. He promoted an auto stock trading program call "Boomer", representing, among other things, that over the last 6 years the program had earned $463.19 per month on a $2,500 account. I do not believe CTI is a registered/bonded CA Telemarketer
He also represent that there would only be 4 or 5 trades per month at a cost of $20.00 each. I traded the progarm for about 4 months and experienced losses each month on 8-9 trades per month.
I was not told that there would "trade slippage" of $30-$40 per month., thus the cost of each trade was $50-$60.
Mr. Logan told me that CTI had never lost a client since its inception nor was required to refund fees prusuant to a guarantee, although two clients had died but the family contnued CTI's services.
Based upon my experience I believe these representations were false and fraudulent.
I was given a written guarantee that my fees would be returned in the event the program did not return a profit over of 12 month period of $6,000 on a $2,500 account.
I requested a refund on June 2, 2011; after many phone calls I finally spoke to manager, Mark Bishop, who confirmed that I was entitled to a refund and stated it would be mailed. About two weeks have passed, I haven't receive my refund, nor have my numerous phone calls been returned.
This report was posted on Ripoff Report on 08/03/2011 04:53 PM and is a permanent record located here: https://www.ripoffreport.com/reports/cti-group-llc/newport-beach-california-92660/cti-group-llc-jack-logan-mark-bishop-false-claims-and-breach-of-agreement-to-refund-fees-760514. 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
If you would like to see more Rip-off Reports on this company/individual, search here:




Advertisers above have met our
strict standards for business conduct.