Tim Sykes review. Is Tim Sykes a fraud and a scam artist? David Jaffee with BestStockStrategy.com
and this is an introductory video because I have so much evidence in
against Tim Sykes that I'm going to release it in kind of like a not
necessarily a documentary but in a series of videos. I'm probably going to
make about two or three videos on Tim Sykes. In my opinion Timothy Sykes
is the biggest scam artist and the biggest fraud in the financial services
education industry. Now again this is my opinion everything that I say should be
taken with a grain of salt and you should not take anything that I say as
fact. Instead I'm going to present you with evidence and then you can arrive at
your own conclusion so one of the major things and I'm just going through some a
cursory some cursory evidence and then I'm going to hop on a screen share with
you in later videos and go through all of the evidence that I have but a few
things is that Tim Sykes "claims" to have started a hedge fund the
cilantro hedge fund when I looked up the documents that he filed with the SEC he
funded that hedge fund with only two hundred and fifty thousand dollars now I
don't know about you but two hundred and fifty thousand dollars will not even
cover the legal fees that are necessary in order to open up a legitimate hedge
fund additionally it was it was mentioned in those SEC documents which I
will link you to an additional video that Tim Sykes had to borrow money in
order to fund and raise that incremental $250,000 now I don't know about you but
generally speaking if an individual was able to turn twelve thousand dollars
into over a million dollars like he claims like he turned twelve thousand
dollars of his Bar Mitzvah money into over a million you are going to be able
to fund your hedge fund with more than two hundred and fifty thousand dollars
of which I believe he borrowed a decent amount of that money I am not sure how
much of that money he borrowed but if you've been able to turn twelve thousand
five hundred dollars into over a million you should have more
liquidity to fund your hedge fund than 250,000 dollars additionally if you've
been able to have such enormous returns then I would think you'd be incredibly
excited and you be trying to pour every single cent that you have into a hedge
fund because you believe that hey if you're able to turn $12,000 into a
million then you should be able to turn 1 million into 50 million so I would
think that if you're awash with cash and you have a few million dollars in liquid
assets or at least over a million dollars in liquid assets then you should
be able to fund your hedge fund with a lot more than 250 thousand dollars and
as I've said from someone with an investment banking and a legitimate Wall
Street background not Tim Sykes who has never worked at an investment bank in
his entire life where he's definitely not worked in anything from an
institutional investment bank his entire life two hundred and fifty thousand
dollars will not even cover the legal fees necessary in the setup fees
necessary to start a legitimate hedge fund the second thing is that his fund
failed I mean it felt it blew up so I don't know why someone would invest
their money and believe that they can make a substantial amount of money by
trading penny stocks when he himself anytime he was forced to file legitimate
documents to the SEC that showed performance and that showed profits he
was unable to do it I believe that he only filed one document with the SEC now
it could be wrong on this but I did a search and he never filed for F's or any
of the other documents I believe the only document that he filed with the SEC
was the initial was the initial document to start it and then I believe he also
potentially filed the closing of the fund but any time he was required to
file anything regarding performance or information I do not believe he ever
filed those documents so again where is the information that's actually
documented where is the proof the legitimate proof that Timothy Sykes has made
any money from actually trading the second thing is
that there is no legitimate hedge fund that trades penny stocks there is no
legitimate hedge fund that makes money by trading by trading penny stocks now I
know Tim Sykes is gonna call me a hater because he loves to do that
he loves to criticize people who criticize him and say oh this person's
just a hater but the fact is that Tim Sykes uses predatory practices and in
often times resorts to or at least his staff does to actually lying to separate
people from their money and the fact is that I had a call with one of Tim Sykes
people and on that call which I'm going to share with you Tim Sykes associates
and employees specifically told me that tim has audited financial returns and I
have a recording of that call he told me as a prospective student that tim has
audited results so then they sent me information I then called the accountant
in Connecticut and I recorded that call as well and they told me that they had
never heard of Tim Sykes additionally the information that they
sent me from the accountant was simply a compilation it was not an audit so again
I want to be completely 100 percent clear because I had evidence of this Tim
Sykes employee told me that he has audited returns he does not then when I
brought it to this employees attention that he lied to me and told me that he
has audited returns which he does not the employee essentially just hung up
the phone on me if you look at tradingschools.org you can see that profit.ly
and investimonials.com have been debunked as "fake
review websites" where Tim Sykes is supposed to charge people to control the
narrative on the reviews that are being left the other thing is there was this
guy Jonas who is apparently a student of Tim Sykes and he told me on Instagram
that he makes like thousand percent a month
or 10,000 percent a year and he told me this on Instagram and I'm going to show
you the screen recordings of the or rather the screenshots of this and yeah
the other thing is you know I think Tim Sykes is an amazing marketer he went on
The Steve Harvey Show he gives money to charity but I think it's incredible that
he is not a modern-day Robin Hood so in my opinion Tim Sykes steals money from
innocent people and then he tries to redistribute this wealth but he
leverages the marketing and the positive brand image from his charities in order
to provide the impression that he is a good person in my opinion Tim Sykes is
the biggest scam and fraud in the financial services education space let
me be clear Tim Sykes in my opinion is the biggest scam fraud and just horrible
sociopathic person in the entire education space now I don't know why
anyone would actually invest any money in this person you're trading penny
stocks which are completely illiquid now I know that he tells you that oh all of
these these companies are scams and that's why I short them that is complete
BS this guy has never posted in my opinion and anything that I've actually
come across anything that's legit that's actually legitimate he has told me as a
prospective student that he Pro not he but his actual employee has told me that
he provides audited returns which was a complete lie I then called the the
accounting company in Connecticut they said that they've never heard of them
now maybe they're potentially mistaken but the information that was sent to me
was a compilation not in audit Tim Sykes I not a hundred percent sure if he
actually filed all the necessary documents with the SEC to file to start
his fund but if he did he only funded it with two hundred and fifty thousand
dollars after he claimed to turn twelve thousand into over
his fun blew up the other thing is that investimonials.com and profit.ly have
both been shown by other reporting outlets to be complete scams and frauds
that is what Emmett Moore from tradingschools.org claims and he's done reviews
on profit.ly and investimonials.com and he essentially debunked these
websites as providing fake reviews and pay-for-play where the person who's
being room being reviewed or the company that's being reviewed can pay Tim Sykes
in order to modify and edit their reviews so i heard there are a bunch of
other things i'm gonna get into all of this the other thing is like Tim Sykes I
believe he's claimed that like crypto currency is a scam and then then just
like two years later he's then going out and promoting crypto currency I can just
tell you that in general if you try to trade penny stocks the probability that
you're going to be successful is close to 0% the other thing is I've actually
heard from a bunch of people who have taken Tim Sykes courses and it's like
five thousand videos of which I've been told that like all of them or close to
all of them provide very little value so in my opinion what he does is he just
tries to overwhelm you with information and then when you have the inability to
actually go through everything then he points the finger at you and he blames
you and says that it is your inability to understand everything because you
didn't go through all of the homework I mean what kind of BS is that where he's
essentially overwhelming you with like you have to study for a year and go
through all these 5,000 videos and then you do all your you do your best but
then you're still going to lose money and then he's just going to turn around
and point it at you and say that it's your fault that he has five millionaire
students and he's been on Wall Street warriors and he's been on The Steve
Harvey Show and his system is proven and when you lose money it is completely
your fault because these millionaires students have been able to do it and it
is your inability to study and so you inability to you know to go through all
the materials that is complete 100% BS in my opinion every single one of his
millionaire students are also frauds I would love to actually get the be
trading statements from the brokerages which claim where he claims to have
turned twelve thousand dollars into over a million because in my opinion I
believe that he is the biggest fraud in the financial services in in the trading
education space and I would love to go through the discovery process and get my
hands on those documents if you have any question leave a comment below please
also leave a comment and let me know whether you believe Tim Sykes is
legitimate or whether he's a fraud and I appreciate your attention