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jay perales aka jay paletti, jay peralez, 2hoursaday, internet scams and investor scams, Internet
below is a scam that jay perales and his partner sophia conducted in the early 2003-2006 time frame. Myself and many others were duped into his day trading scams and lost alot of money. I am teaming with other people who were taken scam by jay perales. I am posting a letter they posted back then and we are actively seeking any other people who lost money with this. It is never too late to recover especially since jay perales (now known as jay paletti ) is up to new scams/frauds. In Reply to: Need Private Investor posted by Lori Felan on October 16, 2003 at 10:01:34: We have a very unique product and to my knowledge there is no competition at this time. What we do is online trading. The market we trade is the S&P 500. However we do not trade funds for anyone we teach them how to invest. We have a completely interactive web site, this web site is unlike any other web site out there. What we have put into the production of the site alone is around $100,000. With this web site people wanting to learn about the market and trading can become members. Upon signing up members receive software (propitiatory information) training manual, they will receive email information about the days market activities, and access to an online library with workbooks and lessons showing buying and selling opportunities and examples. What we need at this time is an investor to come in for the launch of this website. We would like to push it into 16 different countries. We know the product will be a huge success once it has been launched. Along with the site we have a book in the process of publishing. The book, web site and training products are also in the process of being translated into the 16 other languages. To launch the web site we want it on the front page of finance web sites, such as yahoo, Lycos (raging bull, quotes.com,) msn, ect. If we are able to be on all of the finance sites we should expect to receive anywhere from 1 million to 3 million visitors per month. Because of the nature of these web sites the visitors we will have will also be qualified hits. To do this we would need an investor to front $100,000 - $300,000. We are not looking for multiple investors. We prefer to work with one investor. In the past for someone to receive all of the information and hands on training that we now provide online ran between $3,500.-$5,000 through us. Other companies offering trading lessons will still run you from $3,500.00 - and even up to $15,000.00! With the new breakthrough in technology we are actually able to teach and interact with students online using REAL TIME charts. Students still receive the step by step training and are able to interact with Jay and other students online as if they were in the same classroom. They will see posted buy and sell signals as they happen. Again this would have run $3,500 - $5,000.00 now using the online school people can sign up for the class for $299.00 to become a member. They also have the option for advanced training at $259.00 per month.And who wouldn't pay $259.00 a month for a personal mentor. I would like to invite you to visit our web site and sign on for a free demonstration. www.2hoursaday.com If you should have any questions or would like Jay to walk you through the site please feel free to call our offices at 210-349-1700. We look forward to speaking with you. all these links above do not work anymore because it was a scam from the start. if you were scam also, contact me
here is old article. post here or contact me if you want to be part of our complaints:Re: Need Private Investor
Posted by Jay Perales on December 07, 2003 at 01:26:35:
5 Updates & Rebuttals
jayperalespaletti
United States of AmericaI am Jay Perales/Paletti
#6REBUTTAL Owner of company
Wed, April 28, 2010
Hello my name is Jay perales some of you know me as Jay Paletti. I took my grandfathers name when he passed away. I didnt know these posts where here. A friend of mine actually told me about them.
First off all those who dont know me, I was in the trading industry from 97-03. I got out about 7 years ago. While in the business I teamed up with some programmers and they created some trading software for me.
I had lots of students online paying $259 a month to be in class. You see I had an online school, and I would teach traders how to trade online. It was actually me and 3 other teachers that would instruct.
After 9/11 in 01-03 the market got really bad. As we kept growing we needed to develop more software. There were 4 of my students that came to me asking to invest; they wanted to help put money into the software. What I did in return to these student when they invested in the software is give them 2 years of free class, and 24/7 access to me. They had the option to fly in and sit with me whenever they wanted. Normally I charged the $259 a month and $5,000 to come in and learn. I gave them that for free because they invested. After reading these posts it says that I owe money because I traded money for them? I never traded any money for my students. I was strictly a teacher, I instructed and advised people. I never traded for anyone.
After the market got bad, I made an announcement that I would be passing all of my students and the class to one of the other teachers. I believe he still trades and has classes but I am not sure as we have lost touch. I told everyone that I would be leaving. They would be able to stay in the class and continue to get the services for free. Everyone knew that I was personally shutting down my doors and was going to pursue software development.
With this said if I have hurt or offended anyone, or if you feel that I owe you money I want to make it right. Please contact me. If you feel I owe you I would like to pay you back. Please call me directly 2103555581 that is my cell number. I had no idea that there was someone out there that feels that I have offended or hurt them.
RichardGQNy
new york,New York,
United States of America
Post it-freedom of speach!
#6Consumer Comment
Mon, March 15, 2010
Buddy, post your comments. Do not be afraid to tell the truth here about jay perales, jay peralez, jay paletti, sophia palacios or whatever name he is using on a particular day. they (ripoff report) will redact your email if you post an email here. Best thing to do is say whats on your mind here. its a free country and a free forum to air your complaints. jay has more angry people than you and me and the others here!
buddy
santa paula,California,
United States of America
regarding jay paletti
#6Consumer Comment
Sun, March 14, 2010
Carl B.,
I am sure you are correct about all the comments you have listed above. I know I have some additional information but I need you to contact me directly at (((Redacted)))
Best,
Jack
CLICK here to see why Rip-off Report, as a matter of policy, deleted either a phone number, link or e-mail address from this Report.RichardGQNy
new york,New York,
United States of America
Mia is Sophia Palacios and Sophia Palacios is Mia
#6Consumer Comment
Sun, March 07, 2010
Carl,
if you watch this video you will see a guy by the name of perales pitching
Mia_Vasquez
USAI think you have the wrong guy...
#6Consumer Comment
Thu, March 04, 2010
Hi Carl B,
I have a very hard time believing this. I took the course myself and Jay Perales is far from a scam. I traded under Jay for 4 years. It was actually a large group of us. We were all very pleased with his trading.
As a matter of fact we encouraged him to publish his books! He was innovative in his trading techniques, and I know for me it was a very lucrative venture. Unfortunately due to the market and the economy I personally felt that it was best for me to look into another avenue of investing.
Sophia is a sweet heart; she was his secretary and was always very helpful when I had any questions. They are good people and dont deserve to have these things said about them.
Mia Vasquez