Mario Mariciano Stock Market Funding Defrauded! Here's the proof! Internet
1. When I first called and talked to Mario in February of
2010, he told me how I would make money in the upcoming options expiration. I
believe he told me that in order to push me to join rather than taking my time
to decide. Of course when I joined, I proceeded to lose money on trades he told
me to get into.
2. His payment structure is unfair and dishonest. Why did I pay more than other people in the same program?
3. I paid a Risk Management Fee of 1225.00. It "is to watch all account
utilizing capital when trading." Well no one ever watched my account. I
asked Mario to get me out of a trade twice and he never did. The first time I
asked he told me to do it myself. I had just begun and did not understand the
trading platform well enough. "In times of panic, people freeze up",
he said. The second time, I was overseas and had asked him to get me out of
some call options I was holding. He never did. When I returned and asked him
about it, he just yelled at me and tried to make me look like I was the one who
was in the wrong. Actually, if he would have sold them like I had asked, I
would not have lost as much money as I did. So, why did I pay for his services?
4. I also paid for his Managed Account Services Program $2500 per year. In
order to get me to join his school, he said that he would make some trades for
me. This was one of the biggest reasons I joined. Since I live overseas, I was
not able to be at my trading desk. He was nice to offer a solution, but he
never made a single trade for me. It was very deceptive of him to say that to
me.
5. Some other deceptive tricks Mario uses are: "Someone offered me
$200,000 to use this formula, but I said no." and "I wouldn't sell
this platform for a million dollars because it is more valuable to you
guys." "If someone wants to rent it, like a bank, they would have to
pat 250,000." We never hear a person making these offers. Mario just says
things like this to hype up the conversations. His talk of big money is not
necessary. We are just trying to learn how to trade.
6. He designates certain people to talk to people on the trial lesson. Other
people are told not to have any contact with them. I was never designated, so
the only reason I figure he does this is because he has a specific agenda and
also because other traders might tell the truth and scare away his would be
customers.
7. 4 months into his school, he started making big changes. He started the MMT
division and Apprenticeship Program. I was told I could remove the funds from
my account and be in the apprenticeship program, so I did. Then, last week
Mario and Scotty (an SMF trainee) told me that the contract states I cannot be
in his school if I remove the funds from my trading account. 2 days later,
Mario removed me from his trading school.
I am sure there are other things I want to add, so I will add later and post it
elsewhere for others to read.
I paid over $30,000.00 USD into SMF and Mario's personal bank account. After
that, I heard him bragging about his new car. I heard it's the best money can
buy, Mario. $30,000 for a 12 month course and then he kicks me out of his
school after only 8 months. That money was my family's future. We have a 2 year
old and a baby on the way. We drive a tiny 15 year old car. My wife and I both
work hard every day. She saves and I try to invest for our future. We'll
continue, but Mario Marciano has left an imprint that will take years to heal.
6 Updates & Rebuttals
Maxwell Houser
Garden City,Internet,
United States of America
Holee Jumpin' Jesus
#7General Comment
Sat, January 14, 2012
I'm planning to get back in the business, and I saw an ad in the paper for Morgan Wilshire. Deciding to do some due dilly this time, I'm glad I did. Sounds like a suck place to work. I f**king hate dealing with assho*le bu**s**t from offices I work at. I started in this business in 1995 at Stratton Oakmont, quit after a week when a Quottron flew over my head into the wall, went to Kennsington Wells, again, for an ad in Newsday, was there for 7 months and got jerked around about getting licensed the whole time, quit, went to ANOTHER spot called Monitor Investments (an ad again) where I could open the window and spit on the exchange and spent 3 months there without getting licensed and got my series 7 books I'd bought stolen to boot, then moved to FL. I got a reference from a friend who worked Meyers, Pollack & Robbins-I think that's right- on Yamato Road, and when I got there it looked like a bomb went off cuz the whole office walked out the day before.... Whole walls were blown out. There was a knife fight too, apparently, out to the elevator. I figured I'd just grab my nuts and stay since the place would need to license me- everyone was gone! But I got 9 year old STC books and said screw it, I'm out. This was my luck from '95 to 97 in just simply getting a job. I'm glad I never did get registered at any of these places since a lot of senior guys are in prison or wearing ankle bracelets. In 1997 I read an article in Newsweek (cover page) 'Mob on Wall Street'. I think that was more for a WOW effect, but not far off. Every place I ever worked at was there, and one guy I'd seen at one spot (it was in the Newsweek article, find it and let me get a copy for my archives) with a broken nose (supposedly his g/f's new b/f did it) got it cracked for selling a client out (doing the right thing) of a s***ty trade. To this day I ask myself why I stayed in it. I believed in it. I thought that's how things worked. I didn't know. I wish I answered an ad for Merrill Lynch or something. I seem to find all the absolute worst places to work. After that, I got into forex, and I saw what we were doing almost immediately....BULLS**T! $5 grand for 30 day put/call options on the Mark (pre-euro). They should have been 90-180 days minimum @ 1/1 instead of 5/3 for 30. My cost in this has been stress and loss of revenue because I couldn't build a book on solid investments over time. Burn and churn makes you a piker. I was born broke, but with a conscience and a dream, so I take fees on profit. Now I have legitimate traders and bank instrument contacts and every investor is so jaded they won't buy because of scammer bull**it fu**ing up real business. It's soooo much easier to do the right thing by people and be honest. These places f***ed up my future. And I'm pissed off. To the investors: Study. Due Diligence. Due dilly everything you touch. A loss is a learning experience. Consider it a bad trade. Thats how I view it. Same for the poor, blinded guys backing up bulls**t. You're too deep in the game. Sucked in like a vacuum. Before your sevens get f**ked shop around. With a seven you have value, as long as it isn't burned by letting cold-callers use your name to pitch IPO's and s**t like that. Houses like the ones I was at churn clients as well as brokers. Your cold-callers are next in line, sold on dreams, once you're smoked out and useless like a w***e at a Thai sex slave operation.
I've stirred up enough s**t for one post. Thank you for saving me from another mistake Mr. Poster
doesitmatter?
Kingston, NY,New York,
United States of America
So what
#7UPDATE EX-employee responds
Fri, January 13, 2012
The name Sawyer doesn't have to be the same name as a student in SMF, the Sawyer name is a ripoff report user handle, not an actual persons name in order to protect his/her identity
doesitmatter?
Kingston, NY,New York,
United States of America
Smf is a fraud
#7UPDATE EX-employee responds
Fri, January 13, 2012
The majority of this sounds true, I am also an ex student, and yes it is all a big fat lie. The only positive reviews come from people directly involved, not actual students, as actual students have been defrauded. There is not one positive review from a student because they have all been ripped off.
chino-smf
Henderson,Nevada,
United States of America
yeahhh right...
#7UPDATE EX-employee responds
Wed, May 11, 2011
you are the liar!!!
chino-smf
Henderson,Nevada,
United States of America
Marios rebuttal is bogus
#7UPDATE EX-employee responds
Wed, May 11, 2011
The complaint this person is talking about is completely valid. I was in the room when all of this was happening. Mario did kick him out. Mario did buy an SL63AMG and would rant and rave about his AMG and how powerful it was. Mario is a total liar. He has scammed so many people the list is endless. This school is a SCAM do not do near it. All of the post by people that are positive are done by Mario, Brian Plain, Scotty Shubeck, Rick Gully. These are all of the people that are involved in the scam and they will be taken care of eventually. Mario is completely unstable and has no idea of what he is doing. He comes up with these totally insaine option trades and the reason why the contracts are so cheap is because the trade will NEVER work out. He has a temper and swares at people. He has threatened people with violence. "If you find a school like this I will give you mine for free." "You hear me?" "Say you've been given a gift!" "those AMG guages are throtteling!" Those are a bunch of things he says so that you will know I am not lying. He also goes off and says he is with his other traders, his senior traders. haha There is none! I have found out information that there is no other people. When Mario says
"tele type it back to me" he is talking to himself. He has a bunch of people he will call in when a new student is possibly joining to talk him into. Mario will use scare tatics that there is a huge 2008 coming again and if you don't get your money over to SMF you will lose everything. ALL LIES!! If you have been apart of this school go back and try and find one of the emails from any of the scammers involved and you wont find one ip address!!!!!!! That is a sure tell sign of a scam. Look if you read stories like this at all the place is a scam. Go on this site and try and find a negative report on any normal business and you might find disputes with employees about small matter but when you look at SMF you find all of this. I wish I would have looked into this company more and I wouldn't of lost over 30K USD. If I ever run into Mario Marcanio it won't be pretty but I don't think I will because he doesn't exsist. Go try and find any information about the guy online there is nothing unless it has to do with SMF. IF you go into a 5 day free trial do not be intimidated by him. Ask questions but most of all ask if anyone has made money and you will hear pure silence. He is a liar and a joke and his game is almost up.
StockMarketFunding
Spencer,Massachusetts,
USA
This is a rebuttal to this bogus report from a disgruntled former student who was removed from our school for several reasons.
#7UPDATE Employee
Thu, September 23, 2010
We've never had anyone named Sawyer as a client, this claim is 100% a lie.