Top 12 Requested - Wade Cook
Number of Customer Reviews for Wade Cook: 10
Click Here to view Customer Reviews.
Would you like to provide a review for Wade Cook
? If so click here
Offline Guru Wade Cook Critique
Wade Wade Wade…yet what I believe to be one more con man
promoting real estate and the stock market. Maybe he should have stuck to
driving a taxi. Well I was one of the suckers buying Mr. Cook’s real estate
course many years ago at one of his seminars. This was back in the 1980’s. Man
did he get me excited. I bought everything. I thought finally this is it…I am
going to get rich quick with the money machine. What nonsense. I fell all over
myself and just humiliated myself with professionals that saw me coming.
Oh boy another sucker that just went to a no money down
seminar. If you are reading this do yourself a favor and do not buy any of his
stuff new or used. Considering he is in bankruptcy I guess his goose got cooked
on the back of many unsuspecting customers.
To add insult to injury back in the late 90’s I went to
his seminar and bought his W.I.N. service. Well that was a quick loss of 40k
following his trades. I need my brain checked. Twice this guy burned me. As far
as I am concerned I hope he has to go drive a taxi again.
If you want to invest in real estate and or the markets
study, study, study. This is serious business. Your financial well being is at
stake. Put a plan together that is realistic. Paper trade a system in the
markets before you invest one dime. In real estate put a team together and make
money together. The team needs to consist of all the people necessary so you
can consistently close on transactions.
By the way when this gentleman crawls out from under his
rock again, and he will, definitely pretend like he does not even exist.
I am a real estate investor and all I can tell you is that
you need to develop a network of people that you work with who can make you
strong where you are weak. If you are being mentored by another individual or
group or have gone thru course after course and have tried to succeed but are
finding it difficult give me a call at 760-931-4770 or e-mail me at John@jcsbicca.com and I will discuss with
you my program. I have money available for gap financing and fix up so that you
can succeed. I already have 40 students that I am helping. These
are not my students but another company that specializes in mentoring. My
capacity is limited so I am very selective. So contact me to see if you qualify.
The following is very pertinent information on Mr.
1) “My name is R. M. and I mean it when I say that
Wade Cook has nothing to offer people other than a two day "hyped-up"
seminar designed only to get more money out of people on the second day of Wall
Street Workshop. COOK U! COOK U! You
will be cooked all right, out of about $10,000 additional dollars! I believe
the only purpose in Wade’s mind for putting on the Wall Street Workshop is to
quickly give you in one day, 11 stock market strategies, and then hammer the
poor folks the second day to purchase a Cook University for approximately
$10,000 after deducting all of Wade’s special used car lot discounts if you buy
After working with Wade for almost one year I got sick to
my stomach listening to him LIE to people. I watched this greedy guy cheat his
speakers when they sold those expensive Cook U's by not paying them. I watched
other employees in his sales department get cheated out of money due to Wade’s
constantly changing their squeeezzziee easy commission schedule. I watched and
listened to Wade tell folks that they could get all sorts of OUTRAGEOUS RETURNS
if they would just buy his seminar. GAMBLE GAMBLE GAMBLE is what I saw!
Simply put, Wade Cook gambles with "your money"
in the stock market and then lies about his returns on the internet with W.I.N. (See Barbara Masters statement on Gary's
If any of Wade Cook’s occult people receive this message
please keep in mind that I am deeply offended by Wade Cook writing the phony
book BUSINESS BY THE BIBLE. Mocking God is very offensive to me. I want
to be very clear that I AM NOT BASHING Wade, I am simply telling you how it is
and you Wade Cook followers know it too. Its very difficult to get the Wade
Cook ether out of your brain once he hooks you in with all his yak yak yak and
You need to know that you do not need the Wade Cook’s of
the world or a stock broker to give you advice. Point in fact, if Wade Cook or
brokers had the answers to which stocks to buy they would NOT BE ASKING YOU FOR
YOUR MONEY. Simply put, they would be like Warren Buffet, too busy buying
stocks and making money and they certainly would not be taking valuable time to
call on you trying to get into your wallet!
The only reason why I decided to go to work for Wade Cook
was that I really thought that Wade would make contributions to individuals and
their families. The only thing that I found to be true was GTM!! GTM!! GTM!!
(Get Their Money!!)”
2) “Bankruptcy Judge Orders Wade Cook Into
Liquidation - BLOOMBERG NEWS
SEATTLE – Wade Cook Financial Corp. was ordered liquidated
by U.S. Bankruptcy Judge Thomas Glover after the money losing stock-market
seminar company's chief executive failed to provide testimony requested by
The creditors of Seattle-based Wade Cook Financial asked
the court Dec. 19 to force the company and its subsidiary, Stock Market
Institute of Learning Inc., into bankruptcy, alleging employees hadn't been
paid back wages and that their health insurance was canceled after the company
collected and pocketed premiums.
Wade Cook’s Financials "failure to respond to the
discovery requests have prejudiced and irreparably harmed" the creditors
"by denying them the ability to adequately prepare for trial” wrote Glover
in ordering the Chapter 7 bankruptcy. In Chapter 7, a trustee liquidates the
bankrupt company. The trustee supplants the existing management and is legally
obligated to serve the best interests of creditors.
Chief executive and founder Wade Cook said he will ask the
judge to convert the case to a Chapter 11 reorganization. "Nobody is
saying we haven't been struggling financially," said Cook, who at one time
advertised heavily and frequently held seminars in Utah.
Cook predicted a year ago that the company would earn $6
million in 2002. The company lost $6.2 million in the first nine months of the
year, according to a filing with the U.S. Securities and Exchange Commission.
The company had $16,000 in the bank on Sept. 30, according to an SEC filing.
The filing showed liabilities of $11.5 million and assets of $5.7 million,
leaving a working capital deficit of $5.8 million.
Michelle Carmody, an attorney for the creditors, said the
company failed to provide any financial records requested under bankruptcy law.
"We had a deposition scheduled for Wade Cook on Tuesday. He didn't
appear," Carmody said. The market value of Wade Cook Financial's
outstanding shares is $720,000. The stock gained 9 cents to close Tuesday at 20
cents in over-the-counter trading.
In October 2000, the company, which charges $6,295 for its
16-hour "Wall Street Workshop," settled Federal Trade Commission
charges that it misrepresented its stock trading success to attract customers.
The company disclosed that it lost 89 percent of its stock portfolio's value in
2000 and 60 percent in 2001. In a filing with the bankruptcy court on Jan. 15,
the FTC estimated the company still owes $1.5 million to its former customers as
part of the settlement.
Clearly, I do not recommend Mr. Cook. If you hear his name
run to the hills while clutching your wallet to your chest.
Customer Reviews for Wade Cook:
(Click Review Title to go to review)
Would you like to provide a review for Wade Cook? If so click here
Disclaimer: These reviews are for educational purposes only. The reviews given here are personal opinions, and other people might have different views on the products reviewed on this website. You should make any buying decisions based on your own judgment. No guarantees of income potential are given or implied; such income potential is dependent on your own skills and resources. We may receive commission or revenue from any service or product that is purchased through this site.