Ripoff Report Needs Your Help!
X  |  CLOSE
Report: #1280948

Complaint Review: Money Map Press - Baltimore Maryland

  • Submitted:
  • Updated:
  • Reported By: Landon — Castle Rock Colorado USA
  • Author Confirmed What's this?
  • Why?
  • Money Map Press Baltimore, Maryland USA

Money Map Press - High Velocity Profits Lied about results of financial investing services they sell subscriptions for Baltimore Maryland

*UPDATE Employee: About your experience

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

Is this
Report about YOU
listed on other sites?
Those sites steal
Ripoff Report's
content.
We can get those
removed for you!
Find out more here.
How to fix
Ripoff Report
If your business is
willing to make a
commitment to
customer satisfaction
Click here now..

 I filed this description with the better business bureau. I am waiting for a reply from the company. High Velocity Profits, a service of Money Map Press, does not live up to it's advertised service. After watching a lengthy video by Keith Fitzgerald, I subscribed to High Velocity Profit advisory service on February 2, 2015. According to Keith's advertisement, he had actually discovered a sure way to invest combining a special cross over indicator and high Piotroski score companies. He repeated over and over again that all you have to do is buy when his method show a green X and sell when it shows a red X and no special options or margin trading account is necessary to take full advantage of the service. He also repeated that he was betting $1.95 million dollars that this method would in fact work.

This figure comes from the advertisement that only 1,000 people would be allowed to join this service, each at the $1950 subscription price. That is why I accepted the $1,950 subscription price, absolutely convinced that I would be able to invest my money and make some sort of profit. They do offer a 30 day money back guarantee, however 30 days is nowhere near long enough to properly evaluate this service. As it turns out Keith was not really "betting" $1.95 million dollars because that promise was one in which if the service did not produce 30 winning stocks over the next year you would get an additional year of the service for free. This means he was guaranteed to make 1.95 million dollars with the potential of having to provide an additional year of service for no cost to the subscriber.

He also guaranteed 6 stocks with triple digit gains (+100%) over the next year or you would get an additional year of the service for free. One of the first emails you get after subscribing includes the following: "... you will no longer let your emotion and impulsiveness get in the way of making money. From now on, you will only invest in undervalued stocks that are profitable, efficient, and financially stable. And, you are only going to buy these stocks when their share price is going up. ...Using this approach is how you will make money from here on out. And it will be a lot more interesting than simply buying stocks and hoping the market boost its price. By using this fundamental approach, it may take you only a few days to cut a profit. Others times, several months. But, we'll always be certain of one thing... When a stock is going up, we own it. And when it is going down, we do not.

" Here again I am told I will "make money from here on out". I have a masters degree and feel I am a pretty intelligent person. I put faith in Keith Fitzgerald that he was telling me the truth, but I have found he was not truthful and I feel like he took my money knowing this. The first two trades were held for about 5 weeks and produced returns of 6.74% and 1.22%. I got in late on these trades because they were recommended before I had signed up and did not make any money on them. On August 21st Keith changed his strategy for selling when a red X showed up and recommended implementing a protective stop price at which a stock would be automatically sold after it dropped to a certain price. On August 24th there was a quick 1000 point drop in the stock market and 6 of my stock recommendations sold at substantial losses, only to have the market correct quite a bit after the initial drop. After this happened I emailed the company and told them I wanted a refund from them. They responded by saying there was only the 30 day money back guarantee.

At that point I also was informed that I was on an automatic annual renewal and I had them remove me from automatic subscription renewal. Over the past year this service has produced only 3 winning stocks with gains of 1.22%, 6.74%, and 29.12%, however there have been 18 stocks that were sold at a loss. Overall this service has cost me literally thousands of dollars of my savings, not including the $1,950 I paid for the service Your Desired Resolution: Through email and phone contact, I was told that I could not get a refund of the $1950 I paid for the subscription to this service. The service does not do what it was advertised to do and my feeling is that they are ripping people off. they say they are betting the 1.95 million dollars they take from people that it will work, however they are risking nothing. they simply have to continue to provide the failed recommendations as they have done over the past year.

That's not a gamble for them. after investing in 18 losing stocks and losing thousands of dollars of my life savings they want to offer me anther year of this service because they did not give me 30 winning stock picks this year (they did not even meet 30 stock picks this year including winners and losers) and they want to give me another year for not giving me 6 triple digit winners. Frankly I don't have enough money left to continue using this service, because I lost it all due to this service. I asked if I was allowed to sell the 2 years of free service and I was told I could not sell it. Since I have $3900 worth of subscriptions that are too costly for me to use, I would like Money Map Press to buy these back from me for $1950, which would be a 50% discount to them.

This report was posted on Ripoff Report on 01/19/2016 10:17 AM and is a permanent record located here: https://www.ripoffreport.com/reports/money-map-press/baltimore-maryland/money-map-press-high-velocity-profits-lied-about-results-of-financial-investing-service-1280948. 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

Search for additional reports

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

Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?

Updates & Rebuttals

REBUTTALS & REPLIES:
0Author
1Consumer
0Employee/Owner

#1 UPDATE Employee

About your experience

AUTHOR: Member Services - (USA)

POSTED: Wednesday, July 27, 2016

Hello,

Thank you for taking the time to write about Money Map Press. I am really sorry to hear about your experience with our services. We always want our subscribers to profit from our recommendations.

Again, our sincere apologies. We value and consider all feedback so we can find ways to improve. If you have any questions or would like to share more about your experience with our newsletters and services, feel free to contact our Concierge team. They can be reached at 1-888-384-8339.

Best Regards,

Money Map Press

Respond to this report!
What's this?
Featured Reports

Advertisers above have met our
strict standards for business conduct.

X
What do hackers,
questionable attorneys and
fake court orders have in common?
...Dishonest Reputation Management Investigates Reputation Repair
Free speech rights compromised

WATCH News
Segment Now