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What can you folks tell me about Christopher Terry? None of the results from my google search on him were positive other than spam used to promote his venture iMarketsLive. I don't believe their claim that he has made $85 million is true and I believe iMarketsLive may be a pyramid scheme, but I would like proof. Was he really involved with Zeek? What about his construction business?
Any information is greatly appreciated.
relatively short thread on the imarkets scam here:
http://www.realscam.com/f8/imarketsl...er-redux-2880/
and review of the scam here:
iMarketsLive Review: Stock advice as a product?
Quote:
Originally Posted by concernedjay
Jay there are some links posted here http://www.realscam.com/f12/investin...evention-4217/ take some time reading through it.
It's a would be a fun discussion to have since this one has been around for a while, but I would start with the premise that it's "Christopher Terry's" job to prove his story is true.Quote:
Originally Posted by concernedjay
That's terribly simple to do, money mangers looking for investors do it all the time, and money seeks qualified and not so qualified traders like moths to the flame.
Which leaves us with why hasn't he put this proof out there for you to see?
Welcome to RealScam forum....Quote:
Originally Posted by concernedjay
This may be of help to you....
iMarketsLive Review: Stock advice as a product?
Here is the legal test for a Pyramid scheme. I would submit that most affiliates are recruiting other affiliates to recruit other affiliates and this in fact is an illegal Pyramid.Quote:
Originally Posted by concernedjay
(1) Payment of money to the company;
(2) The participant receives the right to sell a product (or service);
(3) The participant receives compensation for recruiting others into the program;
(4) The compensation is unrelated to the sale of products (or services) to the ultimate user.
Again as with above it would be up to Christopher Terry to demonstrate that no no no all these affiliates are recruiting for the trading room. Good luck with that.
A (MLM) Skeptic: MLM Dictionary: Koscot Test
Actually what Christopher Terry is doing is not illegal. Now if he was trading for his clients, then he would have to have a current securities license and registration and his company would have to be registered with the SEC. He would also need to be licensed with the CFTC. Since he is only selling a trading service where the buyer does his/her own trades, he does not have to be licensed and registered individually or as a company with the SEC. Also all he is doing is showing his trades for members to use in their trading if they want to follow his trading formula.
What he must concern himself with is complying with the FTC regulations, as they have jurisdiction over him selling his trading program.
I agree with you on the "Trading Room" and "Software" piece. Not so much with the way it is being marketed, this leads me to believe it is an illegal Pyramid.Quote:
Originally Posted by EagleOne
Although for the ultimate user (if any exist) I don't know the legality matters as much as whether the people selling the sizzle are telling the truth. If it was someone on a seminar stage not using a "MLM" model I would still as much suspect that people will end up with an expensive paperweight where a can't miss trading system is supposed to be.
What I find odd, as OP mentioned is I can't find any discussion of his trading on any of the usual trader threads much less any verifiable documentation of his trading acumen.Quote:
Originally Posted by EagleOne
There are any number of famous names that peddle systems with lofty claims, this fine occurred in 2002 and George is still at it.
CFTC Press Release 4628-02 George Angell, TradeWins Publishing and its President, Stephen Schmidt, Fraudulently Marketed Commodity Trading System
================================================== ======
I say the above since Christopher Terry is one of the speakers at the MoneyShow.com: SPEAKER - Terry, Christopher. These are great to attend with any number of "free" seminars, of course free is mostly a sales pitch for the vendor's wares. I can't remember a single time hearing a speaker claim "my system is so poor you would be better off putting your money in a tin can", they all seem to be able to beat the market in 15 minutes per day. Somebodies got to be lying, or no one would bother showing up for the 2016 events.
If you can't find the trading record, the money is always better off in a tin can.Quote:
Originally Posted by ribshaw
One of my friends has joined "iMarket live" and is confusing a lot of young adults to join into this scam. Now from what I have researched about Chris he claims to be worth 80 mill yet his company is registered to a virtual office that states he has a suite in the new York plaza but the suite he claims to be in is taken by an investment firm. From what I've read he was part of zeek rewards and has ties to banner brokers. Now I've been to a recent webinar and can say he's probably not worth 80 mill as he lives in a 1 bedroom apartment with cliche Ikea paintings. During the webinar he had charts that showed how much you can make with his training and program..all of his charts showed immense growth with no downturns at all ...ALL PROFIT! Lol ya seems legit. Chris had one of his directors sitting with us, Chris was showing us that with recruiting 700 people you would be making around $4000 a month. He asked his director how many people he had under him. His director claimed to have 667. But said he wasn't making that much money lol Chris couldn't even explain why he wasn't making that and kept saying soon enough..soon enough. Countless redflags! In the end it just seems he masking a pyramid ponzi scheme under forex day trading. I'm sure in some way hes misleading people on the signal to inflate the currency and cash out for himself. He mainly pushed people on recruitment saying day trading will be hard without a team "recruit, trade, get rich!.
https://www.youtube.com/watch?v=LXZDxHixx4o
Heres a video of chris working with kids to push his sheme.
Even if he was, something I have much difficulty believing, it's meaningless. There is no proof he's not some idiot that took way too much risk and got lucky. In the world of "real investing" people have a tendency to plow into opportunities that are hot hot hot just in time for the dice to turn.Quote:
Originally Posted by afriend
Two of history's more memorable examples:
"a man who made one of the biggest fortunes in Wall Street history" https://en.wikipedia.org/wiki/John_Paulson
Niederhoffer Investments returned 35% a year from inception through 1996, when MAR ranked it the No. 1 hedge fund manager in the world. In 1997 (the eighth[7] largest point decline to date in index history), forced Niederhoffer Investments to close its doors
Matador Fund Ltd. and Manchester Trading, two funds managed by Niederhoffer, the prize for best performance by a commodity trading advisor (CTA) in the two years 2004 and 2005.
However, Niederhoffer's funds were caught up in the 2007 subprime mortgage financial crisis, and the Matador Fund was closed in September 2007 after a decline in value of more than seventy-five percent
https://en.wikipedia.org/wiki/Victor_Niederhoffer.
All these guys do this, MACD and RSI diverging are two favorites to pull up on charts and point at all the cash that "COULD" have been made. Problem of course for every correct buy signal you can do the exact same thing and find instances where losses would have resulted.Quote:
Originally Posted by afriend
These charlatans will always mention "stop losses" as if massive gaps never occur essentially wiping out punters in one quick whoosh. Maybe Terry had his traders positioned on the other side of this mov:RpS_lol:.
Chaos as Swiss Franc Surges 30% In 13 Minutes; Gold Rises
Forbes Welcome
Surge of Swiss Franc Triggers Hundreds of Millions in Losses - WSJ
Why recruit anyone with such powerful signals? Maybe Terry just likes to te:RpS_wink:ch?Quote:
Originally Posted by afriend
Sure does.Quote:
Originally Posted by afriend