I think you’ll find that the ‘11am Refund’ business is all pretty much standard sales letter patter. Once the room is full of punters the first 90 minutes or so is generally taken up with cleverly constructed examples and demonstrations of how much money could be made if certain binary bets were traded successfully. Assuming a 9.30am start, the first 90 minutes then effectively becomes a further extension of the sales letter with nice charts of where you would have bought and sold etc along with a few carefully chosen account statements from a number of winning days (which I should add would happen even if you tossed a coin). One question that people might like to ask at this point is why they aren’t allowed to see a whole ream of account statements relating to how successful the method is?? After all the sales letter does specify that John Piper is ‘The Uk’s No1 Binary Trader’. Of course this could well be just an over hyped claim dreamt up by the sales letter writer.
Interestingly, from a legal perspective, I think that they have left themselves open to clients claiming refunds even if they don’t exercise their right to do so at or before 11am.
The claims that are made in the sales letter are, in my opinion, staggering. The letter even acknowledges this fact stating that city professionals would be amazed by the results of following the courses teachings.
The 11am refund window does not invalidate other consumer rights. This means that the course must reasonably provide the service which is claimed. In this case it seems to claim that it can turn someone who knows little about the markets into someone who should be able to make £1m+ per year from trading financial binary bets. That is one hell of a claim!
This is effectively a ‘Business In A Box’ type scenario. If the client follows the system and is not successful as a result a claim for a refund would be hard to refute by the person selling the course. In some cases damages could also be claimed especially if capital is lost.
If you read some of the ‘small business’ and ‘business opportunity’ forums and websites you will find that these types of claims against ‘snake oil salesmen’ are growing quickly. The internet allows an easy way for genuinely ripped of consumers to compare and exchange notes. In most cases that I have followed or given advice on the client has won easily and settlement is almost always ‘out of court’. In some cases there is a ‘gagging order’ but people still share information anonymously.
I notice now that the sales letter has been taken down and it is claimed that the course is sold out.
Steve.
