Wednesday, June 6, 2007

"Guru" A Fakir in Two Areas: Psychology and Futures Trading


I'm starting off easy here with a post a relatively harmless trading scheme. According to the Commodities Futures Trading Association, this character Richard McCall used websites and seminars to pass himself off as a self-help expert and a futures trading guru.


Turns out he had no credentials or success in either field, and his Mastery Group International was pretty much just masturbating investors with a wholly ineffective Sabaki-Micro Trading for Futures method.


Much as McCall's antics are pathetic, it's well worth noting the two-pronged nature of his fraud: money and personal well-being. The two are inextricably connected, and a good con works financial and emotional angles.


Numerous examples to follow . . . .

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