Discussion in 'Making Money' started by KingMonkey, Apr 21, 2012.
R u serious?
I think I remember seeing or hearing about this software a few years back when I was investing in penny stocks. I always had a feeling something was fishy about it. The old adage goes "If it sounds too good to be true, it probably is...."
Fail.... This is beyond black hat.
Lol, definitely not worth the money
People never learn that scams involving stocks are always just asking for major trouble.
haha this is some great stuff , can't believe ppl would fall for such a thing , all respect to those 2 guys
"There is a sucker born every minute, and two to take him." - W.C. Fields.
In this case, the suckers were 75,000 idiots in the USA and the two to take them were Michael Cohen and Carl Williamson.
if you present it the right way everything can sell for itself, this is exactly what they did, everybody wanted some good trading software but did not take the time to see what that means . Too bad they were scamming people, seem to be pretty smart kids, could have done something a lot better.
There was something about forex and "robot" on clickbank if i am not mistaken. probably just a coincidence
That's pretty funny. I wonder what gave them the idea to do this in the first place.
I thought this is what exactly what goldman sachs do daily. Any arrest on those guys?
1) Goldman Sachs are licensed by the FSA (UK equivalent of the SEC), so they are allowed to give financial advise. These guys are not.
2) They engaged in a pump-and-dump scheme - buying stocks, recommending them to investors to inflate the price, and then selling them off before it collapses.
The investors (most likely 'small fish') probably thought this 'robot' was an algorithmic trading program. However, they were naive to think that such technology is accessible to them.
One of the most successful quantitative funds ever is the Medallion Fund, which solely uses algorithms to trade (no human traders). But they have a large team of 'quants' (i.e. mathematics and physics PHDs) who design the algorithms as well as sophisticated technology.
Federal pounded in the ass prison isn't worth it.
I read this yesterday, I think - what really cracked me up was that they knew no programming whatsoever and apparently posted on some freelancer site asking for someone to "make a program to pretend that it is analyzing thousands of stocks."
Good idea if you want to be a criminal, but badly implemented on their part.
One of their vids....
Their Clickbank link
Yep this was the robot on clickbank I bet. Had a great gravity rating.
lol all these funny comments, I read this a few days ago, it's a shame, these kids could better use their time to browse through the forums here and legally earn some money, instead of scamming with fake software
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