| Options University |
| Options University, Brett Fogle, Joe Atkins Options University Group LLC, OptionsU Forex Trader LLC, Mastery Products LLC Liars and Theives Boca Raton |
| 8th of Jun, 2011 by User182961 |
Brett Fogle and 'Forex - Joe' Atkins sold costly trading software to nearly a thousand people last year - with the promises of a 'lifetime' of service to access this software over the web. By years end, they had realized a better strategy was to form a new company - Mastery Products, LLC and shift all assets and liabilities to the new company, and further insulate themselves from what was to be imminent implosion. This costly software sold from $2000 - $3500, and additional fees of up to $300 / month were collected for classroom training to learn how to operate the trading software. Add in dozens of more customers who paid for personal coaching from $7500 to over $20000, and the one-year income from this one endeavor totals into the millions. Now, makes me wonder how a multi-million dollar operation dissolves after only operating 5 months this year, shuts their software servers down and leaves nearly 1000 purchasers out of the product they've purchased with the 'lifetime' of service rights. The decision to shut this company down and cease servicing customers was announced on May 31, 2011 - however, the decision to close the company bank account and withdraw all funds appears to be the first order of business, as the bank accounts of this corporation were closed on May 26, 2011, leaving all creditors unpaid as of that date. In a webinar last week - 'Forex Joe' Atkins appeared to give his blessing to a questioner who offered the notion of a possible 'class-action' lawsuit, when Joe replied - Good Luck with that !
So with Mr Atkins blessing, it appears time to take action. |
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This is not factual information, and no way involves Options University Group. Whoever is posting this, I advise you to decline further comments without talking to us first or our attorneys. As with anything, there are always two sides of the story. We are working towards a resolution with all parties.
Brett Fogle |
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This debacle may not have anything to do with Options University Group per se but 2 important facts are relevant.
1. Mastery Products LLC was majority owned by OptionsU Forex Trader LLC which in turn is 100% owned by Brett Fogle & Joe Atkins.
2. Brett Fogle is behind a number of connected and similar named trading entities some of which trade & some of which do not.
Such a corporate structure can provide the capability to conceal, deflect and most importantly mislead the reality of the situation.
The article above as posted on June 8 is substantially correct in both meaning and substance. |
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Houmous,
No, you are incorrect. There is very little factual information above. Tell me, where are you getting your information?
This is the rebuttal I filed on Rippoff Report:
1. While I was involved in this venture as a partner, there was no involvement by Options University other than a marketing relationship. Different partners, staff, offices, everything.
2. I was never aware of or approved the promise of 'lifetime services'. The other parties made a hasty promise on a webinar (Both Gary and Joe) that should not have been made, but nevertheless when the software was turned off - it was I that intervened that demanded that it be turned back on.
3. The notion above that we formed the new LLC to insulate us from implosion is a gross misrepresentation of facts and untrue. Jan Avant who is making this complaint has no knowledge of the internal conversations among the parties and so should not be commenting here or offering her opinion.
> The facts are that the 'guru' that we had found and was teaching classes and whom Jan was working closely with, had demanded some ownership possibility for his efforts. Because he and his wife had a history of being incredible difficult, demanding, and adversarial - we did not want to be partners with them in the parent company OU Forex Trader. The only creative solution, to which they agreed to and were happy with, was to create a new LLC just for the product line they were teaching and producing, called Mastery Product. It was never to hide or insulate the principals.
And it proved to be the right decision, because these people turned out to be impossible to appease or to make happy. And in the end, they were directly responsible for our decision to end the business relationship. They made repeated inappropriate comments and demands to me, and on a personal level had many indiscretions that affected me emotionally, as well as direct verbal and written attacks.
Nobody should have had to endure the verbal and written abuse that I endured with these two.
I am however, very saddened and disappointed that our mutual students had to suffer, and worse that this has been misrepresented to indicate that it was my fault or that I could have done anything more to salvage this relationship. I could not. I was doomed to fail, and it failed because of rampant egos by the 'gurus'. I'm being unfairly victimized here and will be contacting my attorney to contact Mrs. Avant to cease posting false accusations about me here. |
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| My name is Jan Avant and I had NOTHING to do with the post above although Mastery Products, LLC (Partners Brett Fogel and Joe Atkins) currently owe me in excess of $4k (per a court order) I did not post any of the statements above. I agree with them, but did not post them. Do not use my name in conjunction with this post again. |
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