True Trading Group Verified TRUSTED Business REVIEW: TRUE TRADING GROUP LLC dedicated to total customer satisfaction. A strong commitment to their members not marketing is what sets them apart.
ABOUT THE RIPOFF REPORT BELOW:
Ripoff Report would like to let readers know that Ripoff Report emailed this customer, so the member business could make things right with them. When a business joins the Corporate Advocacy Program, Ripoff Report emails everyone from the past so the member business can make things right with them. Of course, everything within reason. In order to confirm that the complaints were resolved, Ripoff Report is copied on all responses, so we can insure that the member business did right by their customer. The author of the Ripoff Report below never responded to our offer to help them. The Review below should be ignored.
NOW TO THE ORIGINAL REPORT THAT WAS FILED
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True Trading Group is a paid subscription daytrading service supposedly run by Michael Edward a "former award winning hedge fund trader" who brags about years of profitable trading experience. The truth is, Michael Edward doesn't exist his real name is Michael Perinotti and he operates this scam together with his fiance Danielle Mignone. Perinotti was fired by T3 Alpha Fund after consistently losing the firm's money.
Perinotti is partners with Adam Heimann and Jason Spatafora on a penny stock boiler room operated from 1501 Venera Ave, Coral Gables, FL 33146 called Midam Ventures, LLC. Midam operates hundreds of web sites that promote scam penny stock companies that don't exist and almost every stock they promote crashes by 99% within 12-24 months. Each companies pays them $200,000 PER MONTH to promote them. To artificially inflate their share prices Michael Perinotti engages in fraudulent "swap trading" in between his accounts and the accounts of Adam Heimann and Jason Spatafora. Perinotti's previous biz partners Anthony Amado and Carlo Palomino were arrested for doing the same exact thing that Perinotti does today with Heimann and Spatafora. Perinotti was the owner of the firm with Anthony Amado but for some reason wasn't charged. Search for the fake company they manipulated Pazoo and its CEO James Farinella for more information.
Perinotti believes he can get away with his illegal share swapping and scalping by including a disclaimer on all of his web sites that states, "we will engage in buying and selling of Profiled Issuer’s securities before, during and after the Campaigns." In reality, the only purpose of their buying and selling is to artificially inflate a company's trading volume and making it appear like there is geniune market interest in that stock. Often companies will pay them cash bonuses based on the amount of fake volume a company trades. When they need to give an extra boost of volume to a company's stock, Perinotti will give a "trading alert" on True Trading Group urging others to buy the stock without any disclosure that he is being paid by the company.
If you Google "True Trading Group" you will see discussion about the service on Reddit. One year ago, the Reddit user 'd332y' asked, "Has anyone subscribed with these guys? I've been investing for a year now and looking to up my game some. I've found reviews on random websites but I'd like to hear from the general public if they've got any experience with them. Thanks."
Very quickly there was a response by 'dmarie26' that read, "I've tried several different trading groups, with that being said I really learned a lot from TTG. The mod's, especially the head trader Mike, take the education aspect of it really seriously instead of you just following their trades. They have free chat tuesdays have you ever tried that first to see?"
If you click the profile of 'dmarie26' it says, "This account has been suspended." However, if you Google "dmarie26" and "Reddit" you will see this user posted two years ago on the forum "Day Trading: Lessons and Techniques for All" with a post entitled, "POTN August numbers" and it links directly to a post about PotNetwork (POTN) on Marijuanastocks.com one of Perinotti's boiler room web sites operated with Adam and Jason. It doesn't disclose any payment on that exact page but if you click on "disclaimer" at the bottom it says that MAPH Enterprises, LLC one of their shell corporations affiliated with Midam Ventures, LLC was paid $321,000 to promote POTN. It fails to disclose that in addition to their MAPH being paid $321,000 their Midam was separately paid 70 MILLION common shares of POTN which at one point in January 2018 traded as high as $0.63 per share valuing their shares at $44.1 million!
Today, POTN shares are nearly worthless trading for 1 penny. POTN was the target of a recent FBI sting. If you Google "FBI Sting Catches Cannabis Stock Manipulators: PotNetwork Holdings Exposed" you can read all about it. The truth is, Midam and MAPH were by far the biggest manipulators of POTN.
Another Reddit post by "dmarie26" one year ago was entitled "Biotech Stocks To Watch This Month" and linked to another one of Perinotti's web sites Small Cap Reporter. It says at the top that Small Cap Report is affiliated with Midam Ventures LLC. Clearly dmarie26 was a fraudlent account controlled by Michael Perinotti aka Michael Edward along with Adam Heimann and Jason Spatafora to give fraudulent testimonials about True Trading Group while promoting stocks without disclosing any compensation.
The same original post by d332y asking on Reddit about True Trading Group has another reply by jameson62 who says, "I did the free trial on Tuesdays..."TTG Tuesday"...it was pretty awesome. and I've tried others, believe me." If you click on jameson62's profile that Reddit account is also suspended.
When 'xMicro' replied to the original post by saying, "All the info you need to trade is on Google for free" there was a response from Reddit user 'TimmyTurnerTuTurntUp' who said, "I disagree, if all the info was on google then everyone would be a "good trader". The account of TimmyTurnerTuTurntUp is also suspended.
Both jameson62 and TimmyTurnerTuTurntUp along with thousands of other social media accounts across Reddit, Twitter, and other social media sites were setup to give fake positive testimonials for True Trading Group while promoting Midam/MAPH's boiler room companies without any disclosure on Reddit or Twitter that they were paid.
Although Reddit has finally cracked down on their activities and suspended most of their fake accounts Michael Perinotti, Adam Heimann, and Jason Spatafora are responsible for thousands of spam tweets that continue to get posted to Twitter every single day promoting their scam companies.