Cedar Finance
Complaint 251286 Details
- Date Occurred: 06/17/2013
- Reported Damages: $100.00
- Location: Unknown
The complaint is against an online dating profile
The complaint is a listing fraud posted on public forums or sites against an anonymous entity
The complaint is mobile text spam or smishing related against an anonymous entity
The company or person contact no longer exists
International boundaries
Promoted to wall-street-exposed, by Anthony Morrison's mailing list, (who I trusted to promote something reputable) I watched the presentation, which was a man called Jacob, doing a video, from various locations in a very large home, (This isn't the only presentation for wall-street-exposed, there is also another one done by a graphics video, using a younger man's voice and the SAME bank account screen-shots, but some of the same script)
I downloaded the software, opened the account with Cedar Finance, which is linked directly to the software, so you must use them, started trading with the prompts on Monday.
The presentation claims 87% success rate.
The reality was when I started trading with the prompts from the software was 54% losers. That was 38 trades prompted in about 13 minutes! 16-19-1 was the exact record. There is no way to hit 87% winners with that kind of volume in that short of time. It was using 60-second trades which in my short experience with binary options are the most difficult trades to predict. Therefore the software is simply picking the trades at random guaranteeing that you will not make any money. This is clearly a ruse using internet marketing to scam as many as possible.
- Joe SBID #6fd549a331
- Posted 06/17/2013
Comments
- Joe SBID #6fd549a331
- Posted 06/17/2013
- The second presentation I referred to in this complaint, I just found about, as I found ANOTHER e-mail from the Anthony Morrison mailing list, claiming 1000$ a day. The video presentation also claimed that you would receive a phone call(which I never did) and they will "walk through every step with you and hold your hand" The welcome e-mail states to call the number, and there is NO number to call! The address listed at the bottom of the welcome e-mail, is an address in Orlando, FL which when using google maps is shown to be a UPS store mail box.
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- RC SBID #4cd34bac54
- Posted 06/18/2013
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Joe, The perps here have an affiliate program that a lot of internet marketers, like Morrison are now promoting. I'm seeing more and more of them every day in my in-boxes.
I trade stock and binary options full time for a living and I am so sick of seeing all the investing/trading scams out there so may I offer some advise?
If you want to trade binary options successfully be sure to work with a broker that is regulated in your home country. For example, if you live in the USA, only deal with a broker regulated in the USA. Be very careful with any "bonus" offered. Read the fine print before accepting, they can require you to trade up to 40 times the bonus before you are allowed to make a withdrawal. Never use a trading "robot". They DO NOT work. You must learn to trade on your own. I use a simple method with a money management plan that I worked out after several years and it works great and its not that hard to do. You really can make $500 to $1000 a day (and more) if you know what you are doing.
The video with "Jacob" and the big (rented) house is a dead giveaway. Give me a break! Yea, he's offering a "free" software package - one that designed to rob you blind! -
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Company Statistics
- Complaint Against Cedar Finance
- Complaints Filed: 68
- Reported Damages: $131,459.77
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