You know that feeling when something sounds too good, big wins in stocks, a tight-knit group cheering you on, and leaders who act like they’ve cracked the code? A lot of people fall for that temptation and end up in places like True Trading Group.
Run by Michael Perinotti and Adam Heimann, it’s sold as a top spot for learning day trading with live chats, alerts, and courses. But dig around online, and a ton of voices call it straight-up shady. From old fraud charges to folks saying they got ripped off on memberships, the bad stories pile up high. Let’s look at what people are really saying out there.
The Founders and Their Baggage
Michael Perinotti and Adam Heimann are the main guys behind it all. Mike often leads the trading talk, breaking down charts and picks. Adam handles the business side, pushing the community vibe. They say TTG has thousands of members worldwide, with paid plans starting cheap and going up for extras like bootcamps.
But the big issue keeps coming back to their past. Before TTG, they ran companies tied to penny stock promotions. In 2021, the SEC nailed them for fake trading to pump up stocks they were hyping. They settled, paid fines, and didn’t admit guilt, but plenty of people online link it straight to TTG. Forums and review sites call them “proven scammers” because of that case.
Mike gets hit hard for claiming to be a former award-winning hedge fund trader; no real proof of big awards shows up, just old bios that mention it without details. They make it clear now they’re not licensed advisors, with big disclaimers saying take everything at your own risk. Still, critics say that’s just a cover after getting caught before.
What People Are Calling Out as Scams
Search around, and the word “scam” pops up a lot for True Trading Group. On Reddit, old threads warned hard; people say they paid for lifetime access or special courses, then got banned or muted for asking questions. One guy called it a fraud because customers get blocked after paying a big amount. Others say the mods show wins but hide losses, and the group relies on constant upsells, like new bootcamps for hundreds or thousands.
BBB complaints talk about refunds not being honored, even when promised. Folks say they feel tricked into thinking it’s a sure path to profits, but end up losing more. Review sites have mixed stuff; some praise the education and community, saying it’s helped them learn. But the negative ones scream loud: “complete fraud,” “don’t waste your money,” “they flag bad reviews to get them removed.” A few spots say Adam fights negative feedback aggressively, making it hard to warn others. It’s like the happy members share wins, but the burned ones point to the founders’ history and say it’s all hype to keep new money coming in.
No Proof on the Sad Story
One thing that came up was a claim about a female mod losing everything and taking her own life. In their live streams, they talked about Diane Fig passing suddenly. She was a popular mod who helped with small accounts and shared stories. They painted her as a success who grew from almost nothing. But nothing out there ties her death to trading losses or suicide. No news, no posts, no family statements link it that way. It stays private, and guessing wrong would be unfair. The group asked for respect, and that’s where it ends, based on what’s public.
The Split in Opinions
Not everyone hates it. Some reviews call it the best group out there, no BS, real pros, good value. Members say the courses teach solid stuff you can’t get for free, and the chat feels supportive. They won some fintech awards recently, and push tools like AI scanners. A cheap trial lets you test it. But even fans admit trading’s risky, and no guarantees.
The other side won’t let go of the SEC stuff and complaints about bans or poor support. They say Why trust guys with fraud settlements to teach you money moves? It’s unlicensed education, so legally, they’re covered with warnings everywhere.
Why So Many Red Flags for Some
At its core, a bunch of sources paint True Trading Group as scammy because of the founders’ track record, upset ex-members feeling cheated on access or refunds, and heavy sales tactics.
The narrative online leans hard that way, with warnings to stay away, calls to report them. Sure, some love it and stick around, but the loud complaints focus on trust issues from the past and feeling sold a dream that didn’t deliver.
Trading’s tough anyway; adding drama like this makes folks extra wary. If you’re eyeing it, read those disclaimers closely, check multiple reviews, and remember your money’s on you. Stay safe out there.
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