Read? Company offering pandemic stock tips accused of $137M fraud

…Ads for Bishop’s services call him a “genius trader who has made millions in the stock market.” The company’s website says Bond is a former gym teacher who taught himself to trade stocks and rid himself of $250,000 in debt.

The company’s marketing materials don’t tell consumers that Bishop and Bond primarily derive their incomes from Raging Bull customers’ subscription fees, not from stock and options trades. The suit says they have incurred “substantial and persistent losses” from their own stock and options trading activities.

Read? Rich As I Say, Not As I Do

Same same as in our local investment blogosphere!

Have you notice the increasing number of local bloggers turning into customers’ subscription fees or training fees, not from their own stock and options trades to increase their “investment or portfolio” income?

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