Wondering whether or not Warrior Trading is a scam? Want to know more about Ross Cameron and the Warrior Trading lawsuits? This post has you covered.
While many intelligent people believe that Ross Cameron is profitable because he front runs and "pumps and dumps" his audience, you can learn my thoughts below:
I've discussed options trading vs. day trading, and while I believe that options trading is vastly superior, I understand the allure of day trading.
Ross Cameron and Warrior Trading are very successful yet, for some reason, there are some people who are not fans.
Jeffrey Fortis, Co-Founder of Warrior Trading, Charged with Raping of a Child and Convicted of Lewd Convict
For example, Jeffrey Fortis, who is the co-founder of Warrior Trading, was charged with raping a child and convicted of multiple counts of lewd conduct.
Here is evidence of Jeffrey Fortis' co-founding Warrior Trading: https://www.youtube.com/watch?v=Set5DZxeN70
You can read the charging document of Jeffrey Fortis here: https://drive.google.com/file/d/1JS-Pphswpgil8S25nUUgNZKS3ldQYl77/view
More information about Jeff Fortis, Co-Founder of Warrior Trading: https://drive.google.com/file/d/1ACEV8VYtwX-NjLK7EYXsagVjyWPyIpws/view
Unfortunately, Jeffrey Fortis Sued Warrior Trading and claimed wrongful termination after Ross Cameron fired Jeffrey Fortis for theft, poor performance and other issues: https://drive.google.com/file/d/1DdFy33yvhS4Jf2GSoRSWpiRBjXt-Pciw/view?usp=drive_link
A summary of the civil lawsuit between Warrior Trading and their co-founder Jeffrey Fortis:
Warrior Trading observed several performance deficiencies and discovered that Fortis committed multiple violations of company policy. These included: failing to attend industry seminars; making several unauthorized charges to his Company credit card; engaging in disrespectful and unprofessional conduct with customers; failing to report to work on a regular basis without prior notice; taking multiple and extensive personal leaves without any formal request or approval; failing to appear for important Company meetings; using the Company's credit card points for personal use; hiring an assistant without prior notice or approval; offering cocaine to another employee at a work function; possessing a firearm in the workplace; and accessing and deleting confidential information without authorization.
Fortis was terminated "for cause" in October 2018, and subsequently filed a lawsuit in California alleging retaliation and wrongful termination. Fortis claims that he was wrongfully terminated in retaliation for raising concerns about purported harassment, retaliation, and improper access to the Company's bank account and other confidential systems. Fortis essentially claims that he was wrongfully terminated in retaliation for his complaints and as part of a scheme to deprive Plaintiff of his shares, as opposed to being terminated "for cause."
More Information About Warrior Trading And Ross Cameron
Ross Cameron and Warrior Trading were sued by the FTC.
A summary of the FTC lawsuit against Warrior Trading:
The Federal Trade Commission (FTC) alleged that Warrior Trading, Inc., Warrior Operating Inc., and Ross Cameron, participated in deceptive and unfair acts or practices in violation of Section 5 of the FTC Act and the Telemarketing and Consumer Fraud and Abuse Prevention Act. These violations were related to the advertising, marketing, distribution, and selling of a day-trading strategy and related goods and services to consumers throughout the United States.
Specifically, the FTC charged that Warrior Trading made misleading earnings claims and misrepresentations about its day-trading strategies. The company implied that consumers could achieve financial success regardless of their background or experience, and that consistent profitability was achievable with minimal time and capital investment.
The FTC also alleged that Warrior Trading engaged in deceptive telemarketing practices. These included misrepresentations about the risks, liquidity, and potential earnings associated with day trading, as well as false or misleading statements intended to persuade consumers to purchase their goods or services.
1) FTC Complaint: https://drive.google.com/file/d/1fgKjhooTD_tEZqgwjVNm3ci0I46luo1B/view?usp=sharing
2) Ross Cameron also claimed to be an architect, which is false, and also a crime in NY State: drive.google.com/open?id=1IlpM4a1gK0lvv4XjmRA6QFXT4CsThwHZ
3) Business associate saying that virtually all Warrior Trading students lose money: drive.google.com/open?id=1ity50wbj6CrLr87hyBLIbgntmA0SLKid
4) More info about Warrior Trading students losing money: drive.google.com/open?id=10O5Xkyzpjs_8y7F5whu8dy21RJg9FlcV
5) Guy Gentile's (Founder of Suretrader) thoughts on Warrior Trading: drive.google.com/open?id=1S-bz6vjAf8DcNieM54i_msnqzfKn1Se3
6) More information about Guy Gentile: drive.google.com/file/d/1S-bz6vjAf8DcNieM54i_msnqzfKn1Se3/view?usp=sharing
7) Warrior Trading and Ross Cameron also filed a frivolous lawsuit and lost an anti-SLAPP case in California when attempting to chill free speech: drive.google.com/file/d/1IJzDKbcZxZiOrAtWeYSn4I9WSXBEOrcY/view?usp=sharing
8) Message that Warrior Trading sent to their members when they were under FTC investigation: drive.google.com/open?id=1JS-Pphswpgil8S25nUUgNZKS3ldQYl77
9) Ross Cameron used to work with Raging Bull (charged with running a $137MM fraud): drive.google.com/file/d/1BKaam1RaqXxWEuK90sptpKgLIktTZXIn/view?usp=sharing
10) Warrior Trading claims that 80% of their members are profitable (the FTC claims that this is false): https://drive.google.com/file/d/1AqQAinzAIcb_pKCuCDpc72sa96wD7Xnd/view
11) Read the individual FTC Complaints (through 2020) lodged against Warrior Trading - https://docs.google.com/spreadsheets/d/1imuXriEVa-cHvhAtpocjGQb4B9MsDSq6/edit?usp=sharing&ouid=100969359093290463221&rtpof=true&sd=true
Conclusion: Warrior Trading and Ross Cameron Review
Ross Cameron and Warrior Trading are amazing at day trading.
While there are claims that they front-run their members and that their members lose money, I feel that since virtually all day traders end up losing money, Warrior Trading is likely no worse than Humbled Trader, ZipTrader or Steven Dux.