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report scam| Country | United States |
| State | Virginia |
| City | Falls Church |
| Address | 7600A Leesburg Pike West Building, Suite 300 |
| Phone | 800 8322330 |
| Website | http://www.investingdaily.com |
Investing Daily Reviews
Disclosure: First of all, this Rip Off report is against Investing Daily Publication. They offer different advisory services. In my case, I purchased Brain Trust Profit advisory Service. They canceled the service a month after I paid $1,495 and deny to return the other 11months. They offered me to transfer to other service but thats unaceptable. The Credit Card Issuing bank was Citi Bank and they granted to them since the merchant had a nonrefundable service. I disclose that I do not know about the results or quality of other services but this claim is about what about in my opinnion is a misleading sales tactics used by Investing Daily and their non refund policy.
I'm includding my dispute letter to Citi Bank that explains in detial. This dispute was adjudicated to Investing Daily"
June 1, 2018
Dear Gentleperson,
Thank you for the opportunity to expose my claim.
I’m including the product Sales Offer (See attached: “Brian Trust Sales Offer.pdf”) highlighting their main service offering, claims, promises and the clear evidence from their own web site that this offer was a fraud.
In summary, they literally claimed on the first page:
“I’m going to make you a bold promise, right of the bat:
“By the time this short visit is over, you will discover how
a simple investing tool I developed could help you add
$10,000 or more to your trading account in a matter of
weeks.”
Because today I’m releasing the most advanced version ever of Alpha Cloning.
My proprietary investing tool has proven 100% accurate in picking only winners for year-long stretches…
It recently pinpointed gains of 196%… 264%… 609%… and even 1,951%.”
I’m including another PDF document, printed from their own web site (See attached: “Brian Trusts profits”) containing the return results from this “Proprietary investing Tool: The Alpha Clonin System” since inception. (I can’t have access to this web site information until I get subscribed to the service and PAY for it.) There is when I get shocked by the true results of the service, totally opposed to what they offered on the sales offer (the above “bold promise”) and I paid for. The results for the last two years, which are the most recent and relevant, are the following (copied from their site but totalized for each year below for your convenience):
2017
Holding
Held
Return (%)
XPO Logistics, (XPO) (/stock/nyse:xpo)
Nov 21, 2017 — Dec 29, 2017
17.68
Lindsay Corporation, (LNN) (/stock/nyse:lnn)
Jun 11, 2014 — Nov 16, 2017
0.61
ViaSat Inc., (VSAT) (/stock/vsat)
Aug 15, 2017 — Nov 14, 2017
18.54
BYD Company, (BYDDF) (/stock/otcmkts:byddf)
Jun 23, 2017 — Sep 20, 2017
43.20
Franco-Nevada, (FNV) (/stock/nyse:fnv)
Nov 11, 2016 — Aug 31, 2017
35.80
Theravance Biopharma, (TBPH) (/stock/nasdaq:tbph)
Jun 3, 2014 — Aug 31, 2017
28.30
USG Corp., (USG) (/stock/nyse:usg)
Feb 25, 2014 — Aug 31, 2017
-11.50
First Majestic Silver, (AG) (/stock/nyse:ag)
Nov 21, 2012 — Jun 22, 2017
-52.83
Innoviva, (INVA) (/stock/nasdaq:inva)
Aug 16, 2013 — May 15, 2017
-56.60
Kindred Biosciences, (KIN) (/stock/kin)
May 16, 2014 — Feb 22, 2017
-59.90
Scripps Networks Interactive, (SNI) (/stock/sni)
Apr 24, 2015 — Jan 10, 2017
9.90
THE TOTAL RETURN FOR ‘2017’ WAS: -26.80%
2016
Holding
Held
Return (%)
Concho Resources, (CXO) (/stock/cxo)
Feb 3, 2016 — Nov 30, 2016
54.60
Olin Corporation, (OLN) (/stock/oln)
Aug 22, 2016 — Nov 30, 2016
23.60
eHi Car Services, (EHIC) (/stock/ehic)
May 18, 2016 — Aug 24, 2016
17.50
United Rentals, (URI) (/stock/uri)
Nov 19, 2015 — Aug 16, 2016
2.90
Pioneer Natural Resources, (PXD) (/stock/pxd)
Jun 8, 2015 — Aug 16, 2016
17.20
Myriad Genetics, (MYGN) (/stock/nsdq:mygn)
Aug 5, 2014 — Aug 10, 2016
-45.00
Medivation, (MDVN) (/stock/mdvn)
Jan 9, 2015 — May 17, 2016
19.90
Nordic American Offshore, (NAO) (/stock/nao)
Sep 5, 2014 — May 17, 2016
-69.50
LPL Financial Holdings, (LPLA) (/stock/lpla)
Apr 4, 2016 — Apr 22, 2016
9.70
Rexnord, (RXN) (/stock/rxn)
Feb 3, 2016 — Apr 15, 2016
33.00
SunEdison, (SUNE) (/stock/sune)
Aug 17, 2015 — Mar 29, 2016
-96.10
THE TOTAL RETURN FOR ‘2016’ WAS: -32.20
As you can see, I filed the dispute THE SAME PURCHASE DATE to Citi because of the results provided (both years, 2017 and 2016 had negative results). I did not even use the service and would be crazy if I follow their leads with this type of results. (They had to make the actual results available, since that’s historical data on the financial web sites, BUT DID NOT PRESENTED THEM AT THE TIME OF THE SALES OFFER, but only after I paid.)
The Catch is that you do not access to these data & results until you pay. Then, your Credit Card have been charged. If I would have access to the actual results (instead of the promise or the sales pitch) I wouldn’t bought it. This is worth nothing.
You do not have to be a financial expert to realize that this is a total misrepresentation (at least). This is very, very far from the claimed “100% accurate in picking only winners” stated on their sales offer. I expect from Citi to protect their card holders from unscrupulous merchants like this one. They should be banned from the merchant community.
Another proof of the lack of ethic of this merchant is the fact that about a month later from my purchase on April 27 they just cancel the “Brain Trust Profit” and the “acclaimed ALPHA CLONING SYSTEM by Dr. Stephen Leeb.” (Brain Trust Profits Joins Forces with Profit Catalyst Alert.pdf attached).
It is important to understand that they were selling an advise service from a tool with specific features like following gurus like Warren Buffet. T. Boone Pickens, Carl Icahn, Mark Cuban and other Institutional Investors. I’m quoting references and claims regarding this tool in the document attached: “Brain Trust Profit Sales Offer.pdf”:
“However, I mentioned for the past few years, I’ve been tinkering with the Alpha Cloning
formula every week…”
“The Alpha Cloning tool