iMarketsJive Pt. 1

Over the past two years, my efforts to enforce my intellectual property rights in the Harmonic Pattern domain.  I have made it clear that the harmonic gimmicks will no longer to be tolerated nor would I allow any unauthorized outfits to sell products and services related to the harmonic pattern domain.  However, we have another major situation that requires a full disclosure to establish the truth and make it clear in a series of public posts that I am moving forward with legal proceedings to remove harmonic patterns from iMarketsLive.

Positive Alternative for iMarketsLive Customers: Before I get into the details, I want to be clear to all IML members and representatives that my argument and civil dispute is with  Chris Terry and the management.  I am not attacking those who want to learn but I am defending my work intellectual property rights against ridiculous  and manipulative sales practices.  If you take the harmonic pattern scanner and strategies from the iml website, what do you have left? Not much…Most important, the strategies which they claim are harmonic-based analysis do not adhere to the pattern measures established in my book and software Copyrights.  This is a common issue with copycat outfits because they do no understand the methodology.  Ultimately, their students will fail to capitalize on what the harmonic pattern framework is all about because of the flawed interpretations lead to random results.  Real traders are people who want to learn the correct way, and I have created a proactive and positive solution.

Access the http://www.HarmonicTrader.com Basic Membership FREE (No Credit Card Required) to learn the correct harmonic pattern framework.

https://harmonictrader.com/basic-sign-up/

AND

FREE Software Trial Access to the OFFICIAL www.HarmonicPatternCollection.com is the most powerful Harmonic Pattern TM Software Platform ever created and the only OFFICIAL PROGRAM available now.

MetaTrader 4 FREE Special: https://harmonictrader.com/mtfree30/

Soon, I will have the OFFICIAL Harmonic Pattern TM Program for TradingView.com under our new name www.HarmonicSCREENER.com – why scan when you can screen?!?

EXHAUST THESE FREE RESOURCES BEFORE PAYING FOR ANY HARMONIC PRODUCTS AND SERVICES – ANYWHERE!

 

I M Problem for Harmonic

As great as I think harmonic patterns are, I realize that the popularity of the iml website is due to the Multi-Level Marketing MLM structure where false hopes and lifestyle hype are the face of the get-quick rich Forex market.  This creates a problem for harmonic strategies and severely damages the excellent reputation this approach has earned over the years.  Furthermore, their questionable behavior is not only a misrepresentation of harmonic patterns but they have been sanctioned by numerous government agencies.

https://harmonictraitors.wordpress.com/2018/07/21/imarketsjive-pt-ii-regulatory-warnings/ 

Chris Terry has known me and my work, but he decided to arrogantly plagiarized ideas and attempt to skirt industry financial regulations.   This is well-documented, and he and I have sparred for the better part of two years now.   Although his infractions are far and wide, I don’t care what he does as long as he is no longer operating in the harmonic pattern space.  As I mentioned, I have recently won a temporary legal verdict against IMarketsLive and I can now clarify the truth and to begin to PERMANENTLY PUT IMARKETSLIVE BEHIND ME.  I am moving forward with numerous projects and partners.  It is my goal to uphold the highest level of professionalism, although admittedly my frustrations with Chris Terry and iml management has resulted in some less than ideal responses on my behalf.  No more!  I am restoring the ethic and level of integrity the harmonic patterns throughout the industry.  I have experienced a great deal of success removing numerous on authorized companies and I will continue to pursue remedies via the most effective channels possible  to dramatically enforce the standards that are inherent in the trademarks and copyrights which constitute the true analytical method of what a harmonic pattern is all about.  With Chris Terry and iml management, it is at the point where I am forced to make  public statements to counter their misinformation and move forward to a future where iml harmonic scanner and services no longer exist.

Attention Chris Terry and IMarketsLive Management

HERE ME NOW CHRIS TERRY AND IML MGT:  I do not care if you like me or respect my work – the very work that has put millions of dollars into your pockets.  However, this post will document the truth of your activities against me and others, so that people know the truth behind this harmonic facade.  Furthermore, I will never back down from you and your predatory legal practices.  I will protect my rights and preserve the level of integrity inherent in this approach.  I will pursue full civil claims against the entire management – if there is anything left from your ill-gotten gains after the government is through with you.  Regardless, you will soon be a legal footnote in the history of harmonic patterns and I suspect a future episode of “American Greed” – or maybe just “Cheaters”.

I am putting to rest my iml beef here and now to fully return to the work of what harmonic patterns are all about, expanding upon the ideas that have helped traders around the world.  Many have been able to integrate these strategies which have made the difference in their search for success in the markets.  In fact, numerous IMarketsLive members have reached out to me and been quite supportive.  These are good folks whom were sucked into a flashy MLM scheme – for better or for worse.  However, the fact that many are taking financial responsibility and learning about investing/trading is inherently good.  This is the positive and prosperous attitude that I encourage and promote for the best of all traders. Unfortunately, too many marketers like iml want to manipulate to sell a lifestyle and not trading skills. I have addressed this situation previously but now it is serious and requires a full public documentation to resolve this once and for all.

IMarketsLive Legal Losers

Recently, I won a temporary judgment against the ridiculous IMarketsLive $4 million defamation case against me so I can now fully expose and disclose the situation to present the absolute truth.  LET ME REPEAT – THEY ARE SUING ME ON BASELESS GROUNDS AND HAVE RECEIVED A SETBACK IN THE CASE SO FAR.   In fact, they have been harassing me because they filed this case three times. Not to mention, there were originally four defendants – two of whom they settled with to drop the case before it was even served because it is so baseless.  In fact, I am considering an Anti-SLAAP case to counter such ridiculous claims as they backtrack out of the original case.  In recent months, they refiled again after the two defendants voluntarily dropped the case in exchange for a confidential amount – allegedly 50k.  I will not go into it more than that but all of this underscores IML’s desperate and wanton disregard for anyone but themselves.  However, this predatory type of legal practice does not fly with me and I have taken these fraudsters head-on!  It also reflects the desperation on their behalf to try to slow me down on my attempts to remove the harmonic aspects from their operations.  Again, my main goal is to protect my intellectual property, remove their harmonic scanner and and all of their products and services related to my protected work. I do not think highly of any of their other programs and actually believe that most of what they offer is available for free online.  In my opinion, they do not have any qualified individuals providing quality material and most of what they promote is a bunch of false promises and hype.  Most ironic, they are suing the creator of the trading strategies and resource material whom THEY PLAGIARIZED!

How the Hell Did I Meet this Guy?

I was not aware of the iml website until the Fall of 2015 after several people contacted me to ask if I was affiliated with the operation. Upon initial inspection, I found Mr. Chris Terry running a surprisingly large training room based on harmonic patterns.  I actually met Chris years before through my friendship with Market Wizard, Linda Raschke.  Chris worked for lbrgroup.com as her assistant.  About 15 years ago, Linda invited me to her home office in West Palm Beach to join in a live webinar with her.  Apparently, Chris was an admin in the chat but I did not remember him.  Years later, a HarmonicTrader.com member sent me a video of him talking bout harmonic patterns and mentioning my name.  At first, I thought it was promising that he at least cited the reference.  However, I realized that his harmonic efforts were another emerging copycat outfit that needed to be addressed. So, I sent him an email to see if he was still with LBRGroup and asked him about his iMarkets endeavor.  Although he said Harmonics were only a small part of what he was doing, I quickly realized it was the core content he offered.  When I confronted him about it and explained that I owned the rights to harmonic patterns, he ASKED ME TO JOIN IML AS APART OF THE MANAGEMENT.   In fact, Chris said he was trying to contact me prior to this to ask if I was interested in working with him but I declined his previous solicitation.  (Actually, I did not remember him asking me previously so who knows.)  After I sent him the note, I joined him in 1 or 2 webinar sessions.  I was impressed with the commitment of the traders who wanted to learn but there was a glaring problem – Chris was teaching harmonic patterns incorrectly.

After sitting in on a webinar or two with Chris, I considered the project closely and believed a proper curriculum and software to teach the methods correctly could have potential.  Again, the only reason why I did even take it this far was because he workd for Linda Radschke. Linda is someone I a personal friend and colleague. She was featured in Jack Schwager’s book, “Market Wizards.” She has distinguished herself as a pioneer in the trading industry, especially as being among the first female floor traders in the industry in the early 1980s when it was dominated by men.  Her work and reputation speak for itself.  Hence, I was somewhat assured that there could be potential, especially if Linda kept him employed for so many years.  So,  I traveled to Las Vegas to spend two days with Chris at his “home” (more on this in a bit) in February 2016.  Before the trip, I asked Chris to sign a Non-Disclosure Agreement meant with me back in the fall of 2015. I did this on purpose because I had a feeling that I should protect myself in the situation, especially since he was clearly moving in the harmonic direction.  I had questions and doubts going in and needed to meet “eye-to-eye” to size him up.  I heard many things.  For example, I needed to see for myself if he was really worth the $80 million he was claiming and if he really knew his stuff before considering any business. (Brandon Boyd claims Chris Terry’s worth $85 million – https://www.youtube.com/watch?v=Bh95rmsGM9U&t=9s )

Introduction to Harmonic Scamming

I am very happy that I did. His story did not add up.  I spent two days with him at his “house” – a 1-bedroom suite at the MGM Towers.  Although a bit perplexed why someone of his wealth would live there, I maintained an open mind.  I stayed in separate room, of course and spent a few hours talking and even conducting a webinar presentation.

https://www.youtube.com/watch?v=aog8itrRrTA

There were many members whom were trying to learn how to trade the market successfully, and in that vein, I saw a lot of positive and proactive individuals employing effective harmonic strategies to become successful traders.  Although I was impressed with the members, Chris was another story.  He was all over the place.  His material featured Elliott wave – his infamous seven and nine wave counts that he provided – and an unintelligible explanation of basic harmonic pattern concepts. Furthermore, I quickly realized that the larger component of his MLM operations which primarily focused on my harmonic intellectual property was ripe with potential liability and questionable marketing.

False Promises

First, Chris Terry is not worth $80 million. Maybe now, after taking in tens of millions of dollars over the past 24 months? However, I was quite surprised to find him living in a small one bedroom apartment at the MGM Signature. Well, at least it was a casino and I was able to play Craps but I was not impressed nor did I believe his BS. He explained his intentions but I also was clear that he was moving in this direction unilaterally. I expressed my concern as well as my intention to ensure my intellectual property rights would be protected.  I believe this is where he realized I was a potential problem.  After two days, I had enough and left early.  (…and I never leave Vegas early!)

Financial Laundry Detergent

Although I was aware of the operations after being approached by him in 2015, I did not understand the nature of their business  nor did I know the scope of their MLM membership scheme initially. The harmonic scanner has been the core of their offering from the beginning and it serves as their main content that they promote.  To this day, the program does not even come close to generating valid signals.  Furthermore, the harmonic pattern materials they were presenting only focused on identification.  They were not teaching the entire  approach, especially execution and management skills so essential to success. Finally, IML’s other businesses seemed to me to potentially be flirting with violations of federal and state securities laws. As a former Registered Investment Advisor, I know the level of compliance required by law.  I did not want to have any part of it.  Although I made Chris Terry fully aware of the trademarks and copyrights on the work including algorithms as well as direct names, he did not care and he has since moved ahead in the last two years to build a rather large organization on the back of harmonic patterns.

I have learned a great deal throughout this experience about MLM business structures for trading firms, and I see that people are making money on an Amway type of compensation structure. I don’t want to get into further explanation beyond that but most do not realize the differences in legalities between selling financial products and services as opposed to laundry detergent.  However, it seems that this organization has given unqualified individuals a way to sell something to others that they barely understand themselves.  A management that encourages and promotes these tactics for their sales reps is exposing these people to extensive liability of financial infractions.  The rules and regulations for the industry are extensive and require licenses for most of the operations iml conducts.

G-Men and IML

The final straw came for me last May when I was contacted by several individuals within a 24 hour period. Here is a link to a CUSTOMERS REAL ACCOUNT FROM THE IML “BLOW OUT”: http://www.myfxbook.com/members/read1985/iml-autotrader/2136122

This seems to be a trend because a few months later, another round of victims fell prey to the iml scheme to the tune of  $300k …allegedly ;=}

https://www.ripoffreport.com/reports/imarketslive-iml-chris-terry-austin-godsey/london-england-al5-2jd/imarketslive-iml-chris-terry-austin-godsey-iml-chris-terry-austin-godsey-brando-1412668

Many of the iml members that lost a great deal of their accounts due to their harmonic pattern automated trading program contacted me. I explained that I had nothing to do with this but felt that this was a serious sign of what could come my way.  More individuals have contacted me and explained their situations, and even current and former disgruntled employees shared inside details that substantiate the issues.  These financial improprieties in the name of my work and the fact that some thought I was directly or indirectly involved with the company and/or programmed the software, necessitated my response. Thus, it began.

Chris Terry was in full harmonic operational mode and I quickly learned to what extent. In addition to numerous plagiarized resources, IMarketsLive was selling harmonic pattern software with all of the trademarked names, accepting funds for trading services and providing investment advice based upon harmonic strategies which potentially violates SEC and FINRA regulations. Finally, several of the individuals that contacted me were under the impression that I was involved with this company. One individual told me that others in the company were telling him that I owned 15% of the company.  I called Chris directly and laid him out.  After telling Chris that I owned the intellectual property on the harmonic patterns and that I would do everything I could to defend my rights, he explained me that he was going to do whatever he wanted.

He has gone on to build a large operation that is popular not because of harmonic patterns but because the compensation scheme. The important word in that last sentence is scheme. It has nothing to do with harmonic patterns.  Rather, the harmonic patterns serve as a great “hindsight”  methodology because they look fantastic in past examples.  They focus on “well-chosen” past trades and feature the harmonic scanner as a magic wand that wins every time.  Their educational videos and advisory services that feature many harmonic pattern signals are not even close to the real strategies that work. In fact, most of their videos will only feature the software with lists of harmonic patterns on the charts of winning examples.  Chris, you know this is all for show.

With all of these issues and when I learned that the public perception was that I somehow was involved with this company or developed their software, I knew I had to see this through until resolved.  I have been considering legal action for the better part of 18 months but I was compelled to take action in May 2017 after the frantic IML wipeout.  I felt bad for the numerous individuals who lost money in there harmonic programs but I AM NOT RESPONSIBLE OR AFFILIATED IN ANY WAY!  After further investigation, I filed my own CFTC complain that can be reviewed at the following link:

https://www.facebook.com/scott.carney.902/posts/10155270455547211

In the complain, I explained that this was a company presenting harmonic patterns as a trading secret that they have mastered  with questionable marketing and operating practices. Not to mention, I quickly became a repository of information since so many individuals were sending me their complaints asking why there were problems  despite not having anything to do with iml. I went public in June 2017 disclosing to various social media channels in groups that I have nothing to do with this company. If anyone lost money or had complaints, they should file with the CFTC and/or SEC.

It is important to note that I am not the only person that has  gone public to fight the manipulation and misrepresentation. For me, it is personal as well as important financial decision as I am protecting my personal property. I will not stop until I markets live discontinues I will not stop until I markets live discontinues all  Products and services in the harmonic space. Furthermore, I know for a fact that numerous government agencies and financial regulatory agencies are actively working to develop cases to shut down I markets live operations in various countries and states.  How do I know? I am in direct communication with these officials. The overwhelming evidence that I have accumulated on my own and from a variety of affected victims has been instrumental in their operations to move forward against the company to not only force them  to discontinue a number of prior legal operations, they also have faced serious initial legal action against several agencies.  It is incredible that they have continued to grow despite the number of warnings issued by governments and regulatory agencies around the world. The following is a list of 10 countries that have issued warnings and consumer fraud protection announcements specifically about IML in the last year.

https://harmonictraitors.wordpress.com/2018/07/21/imarketsjive-pt-ii-regulatory-warnings/

Let Me Be Clear!

I do not have any interest in this company. Despite prior interaction, I do not consider Chris Terry a friend nor an individual that I respect. Finally, those associated with Chris Terry whom are perpetuating this nonsense will be held to account, as well. I will not allow my name to be discredited or my reputation defamed buy a bunch of punks who have no idea of what or who they are messing with.  I will see this through on a private legal basis as well as public disclosure such as this.

I’m grateful to so many who have supported me and what harmonic patterns are truly about. For me, this is about ensuring the integrity of the work for all. On the business side, I am protecting my rights for myself and my family like anyone else would. If someone walked into your home and stole your personal property, you would defend yourself. I have invested a considerable amount of money invested to protect these ideas for my business and my future. These are proprietary ideas that originated from my work exclusively. If you’re going to go into the harmonic business in the financial markets, you have entered my domain and you will have to deal with me sooner or later.

What to Expect?

We will see how the next several months will play out. Regardless of how long it takes, I will persevere and overcome this evil. IMarketsLive is rotten at its core because the management believes it can manipulate the essence of what this information is all about. Those that know the power of these techniques understand what I’m talking about. It is bigger than me. It is bigger than iml’s supposed 50,000 subscribers.  This is about empowering others to access the natural dynamic framework of the market as it relates in the same manner as some many cycles in all of life. These are the harmonic advantages that empower traders and iml knows very little about it despite their attempt to brand themselves as harmonic.  Harmonic Patterns are much bigger than some Amway garbage.

Chris thinks he can put me off by filing a baseless defamation lawsuit against me. This tells me that they have no idea what they’re doing because I can now countersue on these baseless claims. There are anti-SLAAP statutes that prevent from individuals like Chris from filing ridiculous lawsuits that clog the court system. Sure Chris, throw around a quarter million dollars in legal fees and try to buy your way into the harmonic market. You have failed. All of the money that you were recirculating for affiliate compensation and legal fees will run out.  This is the beginning of his undoing.  This defamation case against me is ridiculous as well as the fact that he outright lied in the complaint in many of his accusations. Seriously, this is troubling and shows me that an individual is willing to say whatever against me so that he can trying to control the very work that I created. It’s impossible because I own it.

IMarketsLive is a company that claimed that I was associated with them, tells people I programmed their product as well as have a working relationship with the company. Nothing could be further from the truth as these less than reputable characters are simply online marketers. They claim to sell a harmonic product  software but it doesn’t even come close.  They lack experience and do not have a very good reputation. Simply look online at all the garbage they are known for.

RIPOFF REPORT = http://www.ripoffreport.com/reports/imarketslive/new-york-new-york-10111/imarketslive-iml-chris-terry-pyramid-scheme-iml-sinking-ship-terminated-me-and-took-al-1301332

They are attacking me and I will continue to fight back. After a baseless defamation case,  I spent the better part of one year resolving the matter to have it dismissed. After filing that motion, they re-filed their case as it is clear their strategy is to tie me up in the courts as they continue to steal my work and expand globally.  IML – you have failed. I have the true harmonic  algorithms in my software and teach the correct harmonic pattern framework, while they have nonsense. Let it be known to all that this company will not last and that if you lose money, buyer beware. It is on you. I can no longer try to assist individuals with harmonic fraudsters like these.  FROM NOW ON,  if you have a complaint, please take it to federal authorities as I have already done.

CFTC: https://forms.cftc.gov/Forms/TipsAndComplaints.aspx

SEC: https://www.sec.gov/oiea/Complaint.html

For the CFTC, you can mention my name and reference Lead Attorney Mr. Glenn Chertigoff to add your complaint to the growing caseload.  For SEC, you must mention the CFTC case since this is the initial proceeding for iml with the government.

Who Wins?

The bottom line is that the best algorithms win the trading game.  My decades of research have led me to create the best harmonic pattern program with precise pattern alignments that no one can match. There are other programs selling for a few hundred dollars but how much is that going to cost you if the programmer doesn’t even measure the pattern properly. Most of the others are being dealt with through DMCA complaints and legal channels. However, this Imarketslive is a big stink on the harmonic pattern industry.  Although I have to give Chris Terry credit that he can really do a big pump, I want to know about the dump? I am going to beat Chris on two fronts:

1. Legally with all of my intellectual property rights to protect the Internet space and pursue him for civil damages – if he is still after the government is finished with iml.

2. I am going to provide everyone with software tools that are the best and most affordable than any alternative. These positive alternatives will bring the harmonic pattern community together.

This is necessary because people are calling trading strategies harmonic just for the sake of wanting it to be harmonic. There are reasons why these strategies work and there are reasons why they do not materialize all of the time. It requires discipline. It requires patience. It requires technology that can find the proper situations with those conditions that are truly harmonic. It is not possible to fudge or change one number and expect that you will improve upon the process.

I did not start the fight but I will see you through . Chris Terry knows me and he knows my situation. He steals and has no respect for the very work that has brought him money – whether it has been gained illicitly or not. I know that life can change in an instant and soon Chris will learn this as well.  It has been nearly 2 years since I needed to utilize this forum to clarify a number of items that are currently circulating online.  This is not what I want to do with my time but again I find myself responding to too many individual questions as well as receiving feedback of other individuals personally attacking me. I have emails and screenshots to prove it. Some of it I will disclose here while others I will save for my legal proceedings.

My CFTC Complaint and the effort of many others to file claims was enough to get the attention of the CFTC and at least two state’s securities offices from Utah and New York.  I HAVE PERSONALLY BEEN IN TOUCH WITH THESE MATTERS AND HAVE OFFERED ANY ASSISTANCE to ensure that harmonic patterns do not become the tainted by questionable business practices.  Unfortunately, the iml harmonic scanner has become the central product in question that the French Securities Agency is now investigating.  They issued a warning focusing on the harmonic scanner in particular.  Regardless of the attribution,  I will continue to fight Harmonic Traitors like IML.

Although mostly behind the scenes, the numerous legal actions I have taken have been effective in realizing my desired results. This is not about money. This is about securing the integrity of my work and intellectual property.   I must stress that I encourage everyone to learn about the harmonic relationships in the financial markets as this is technical information that can no longer be ignored. From Trading View to many social media websites, harmonic patterns have become a fixture in the technical conversation of most markets. I have been able to develop exclusive partnerships with companies like these, as well as connect with many individuals whom are excelling with harmonic strategies. Most are appreciative and respect the work that has been presented. Furthermore, most individuals follow Fair Use Doctrine that permits them to discuss all of the ideas freely and in most cases with a simple citation.  The difference comes when someone wants to sell a course, software or even web service based on the harmonic pattern strategies.  Unfortunately, internet marketers do not care in today’s world as we have seen in many prior #HarmonicTraitor cases.  Remember, Jason Stapleton from a few years ago who created a course called the Crab pattern where he said he devised the strategy after reading 100 books?

https://harmonictraitors.wordpress.com/2016/07/10/a-simple-update/

– or selling software that has had her name such as Bat or Butterfly or even AB=CD, These are all not permitted for an international basis due to the portfolio of registrations I have security for the past 20 years. Can I get everybody? No! Do I want to text everybody? No! Fact, many people are happily working with me now because they realize the value of connecting with the originator of the methodology let alone the owner of this intellectual property. I will continue to protect my business and my commercial rights, especially when other parties attempt to hijack for a better word steal something that is private property.

Harmonic Solution

I will protect my rights and enforce my domain. I will not allow unfettered trafficking or misrepresentation of my reputation and life’s work. We have made significant progress over the past few years expanding incredible tools and more comprehensive resources to provide a wealth of knowledge for traders that want to learn without having to pay a dime. This is available through my basic membership for free that you can access here.

https://harmonictrader.com/basic-sign-up/

I have decided to focus on the positive side of the dilemma and provide institutional level tools that enable the user to scan markets, analyze price movements and understand and understand opportunities relative to a defined natural framework. This analysis integrates optimize pattern algorithms with proprietary  indicators to confirm the best situations according to the ideal natural models that this methodology encompasses.  My objective is to defend what is truly harmonic relative to market movements as well as my intellectual property rights.  I endeavor to create an environment where traders actually realize the skills required to understand how these patterns unfold, and employ advanced confirmation techniques that separate reactions from reversals.

Conclusion

There will be a conclusion to all of this. For me, this is a big step towards a final conclusion with this Harmonic IMarketsJIVE.  In the past week, I won a legal judgment that now prevents them from harassing me further with any other ridiculous case.  (I had a server come to my house 9 times in 3 months with these Defamation lawsuits!) I am considering my options including civil action as well as an Anti-SLAAP response to this ridiculous defamation case.   My complaint is with Chris Terry and iml management.  I WANT CHRIS AND HIS COHORTS TO KNOW THIS:   If you’re going to try to sue me for $4 million, you better expect a major response and get ready to pay.

I believe Chris Terry’s days of manipulating this Amway operation in the name of HarmonicsTM are numbered.  He continues to prey upon uneducated traders who want to learn but he knows he is running on borrowed time.  I will get the iml harmonic website, software and videos removed eventually.  The B.S. Defamation legal action will likely be fully dismissed by years-end.   I WILL CONTINUE UNTIL EVERY HARMONIC ASPECT OF IMARKETSLIVE IS GONE so expect more from me very soon.  I am ramping up my heat on this harmonic garbage and I will outline the key management players in my next post.  For now, this post is my statement that the end is now –  I AM TAKING THE HARMONIC OUT OF IML!  and the government will take care of the rest.

Finally, people think that they can try to silence me as they profit from my very work. Never! The work is what is important not my words or anyone else’s. If we don’t get the work right, you will lose your advantage in the markets. Without an effective framework to measure the markets, most analysis is merely guess. I never wanted to be the harmonic police nor is it my intention to continue this blog much further than this year. However, any company or individual that seeks to sell products and that infringe upon my copyrights and trademarks will be continued to be dealt with. Right now, the number one company in jeopardy in the entire industry – not just harmonic – the largest and fastest-growing turd in the retail educational online arena is IMarketsLive founded by Chris Terry.  Its days are numbered. Although this outfit has been lingering for a few years, its growth – built on manipulation and plagiarism – especially in the past 12 months – is doomed to fail as the fraudulent marketing scheme, incorrect harmonic software and questionable business operations is not a formula for success.  In fact, these operations are exactly why regulatory agencies exist.  Only this time, major legal and governmental regulatory authorities are involved. As situations continue to be resolved over the next several months, there will be more updates but I am now accelerating all efforts to REMOVE THE HARMONIC FROM IMARKETSLIVE and let the feds do the rest.

IN MY NEXT POST, Pt 3 – MEET THE IML MANAGEMENT!

Their resumes read like a rap sheet.

iMarketsJive PT II – Regulatory Warnings

HARMONIC TRADER EMPTOR!

I want to be clear to all IML members and representatives that my argument and civil dispute is with Chris Terry and the management. Most important, the strategies which they claim are harmonic-based analysis do not adhere to the pattern measures established in my book and software Copyrights. This is a common issue with copycat outfits like iml because they do no understand the methodology and want to claim they know harmonic patterns.  Sorry Chris, you don’t!  Ultimately, these people fail because of the flawed interpretation.

Real traders are people who want to learn the correct way, and I have created a proactive and positive solution to access the http://www.HarmonicTrader.com Basic Membership FREE (No Credit Card Required) to learn the correct harmonic pattern framework.  Before you read the negative, access my positive and proactive solution to learn harmonic patterns the correct way and get started for FREE!

Basic Membership: https://harmonictrader.com/basic-sign-up/
AND
FREE Software Trial Access to the OFFICIAL www.HarmonicPatternCollection.com is the most powerful Harmonic Pattern TM Software Platform ever created and the only OFFICIAL PROGRAM available now.
MetaTrader 4 FREE Special: https://harmonictrader.com/mtfree30/

 

Government Fraud Warnings RE: iMarketsLive

The following list of NINE COUNTRIES whom have sanctioned iMarketsLive in the past 12 months alone!  All members and reps should be aware of the issues that management has created.  Please review and access these direct links – most which are from the government websites themselves.  Featuring the harmonic scanner as their main product, iml has already left a wake of trading disasters as these government warnings are substantial evidence of their questionable business practices!

I WILL UPDATE THIS LIST – MORE TO COME!

 

1. FRANCE

http://www.amf-france.org/en_US/Actualites/Communiques-de-presse/AMF/annee-2017?xtcr=1&isSearch=true&docId=workspace%3A%2F%2FSpacesStore%2Fd5589163-dec8-4d51-9ed2-626604b8cff3&lastSearchPage=http%3A%2F%2Fwww.amf-france.org%2FmagnoliaPublic%2Famf%2Fen_US%2FResultat-de-recherche%3FTEXT%3Dimarketslive%26LANGUAGE%3Den%26isSearch%3Dtrue%26simpleSearch%3Dtrue%26valid_recherche%3DOK&xtmc=imarketslive&docVersion=1.0

“ France’s financial markets and services providers AMF has warned against IMarketsLive. According to the French regulator, the company International Markets Live LTD (IMarketsLive) is offering subscriptions to training courses, forex trading signals and charting tools, with the promise to help them trade on the forex market.”  AMF claims that IMarketsLive is mainly targeting very young people, including high school students. It seems, however, that IMarketsLive is a multilevel marketing scheme in which the subscribers get compensation for recruiting new subscribers.  “Following a number of reports from savers, including parents of teenagers, the AMF would like to make clear that the company International Markets Live LTD (IMarketsLive) has no authorisation in France to operate an activity regulated by the AMF on French territory”, the regulator said and advised potential targets to ignore the solicitations of the company and not to pass them on to third parties in any form whatsoever.  ImarketsLive’s site revealed that the company is offering training courses, webinars, forex trading signals and something called “Harmonic Scanner” – “a scanner and charting package that accurately identifies key Harmonic Patterns! The IML Harmonic Scanner automatically draws and labels different harmonic patterns in the FOREX market right on your MT4 platform”.

https://www.forexbrokerz.com/news/Frances-AMF-warns-of-IMarketsLive-forex-signals-provider

Who is AMF? The AMF was established by France’s legislature in 2003. It has a Board headed by the AMF Chairman, and an Enforcement Committee empowered to impose disciplinary sanctions and fines. The AMF has a staff of around 450 and is financially independent thanks to the levies and contributions paid by the firms under its supervision.  The AMF coordinates its activities with other French regulators, especially in the banking and insurance sectors, and cooperates actively with its European and international counterparts. It consults regularly with professionals, investors and academics in an effort to take financial regulation forward.
2. Belgium

https://www.financemagnates.com/forex/regulation/international-markets-live-targeting-belgium-investors-pyramid-scheme/

Belgium’s Financial Services and Markets Authority (FSMA) has issued its latest regulatory warning to the public. The announcement involves the unauthorized activities of International Markets Live LTD, which has been attempting to solicit FX and contracts-for-difference (CFDs) services to domestic individuals.

WHAT IS THE FSMA?  THE FSMA WAS ESTABLISHED ON 1 APRIL 2011; ITS FULL OFFICIAL NAME IS THE ‘FINANCIAL SERVICES AND MARKETS AUTHORITY’.
The FSMA’s status is that of an autonomous public institution. This means that it was established by law and that it carries out independently the tasks in the general interest entrusted to it by Parliament. The members of the FSMA’s governing bodies are appointed by Royal Decree for a period of six years.  The FSMA, alongside the National Bank of Belgium (NBB), supervises the Belgian financial sector.

3. Bahamas

http://www.scb.gov.bs/documents/Public%20Notice%20-%20Imarkets%20Live%20Draft.pdf

“IML or IMARKETS LIVE appears to be a company in the business of online Forex trading and incorporated under the laws of the United Kingdom. Its agents and/or consultants solicit members of the general public to enroll in a program, for a fee, to learn the art of Forex trading. At the conclusion of such training, the customer may place monies into a certain account for the purpose of trading in a Forex online platform. The customer also has the option of not enrolling in the Forex training/trading platform and instead becoming an agent/consultant for the company. In this role, the agent/consultant will be paid a fee from the company for every new agent/consultant who joins. The Commission hereby advises that the activity of the IML or IMARKETS LIVE its agents or consultants, appears to be registrable under one or more of the Acts. Therefore, members of the public are advised to exercise extreme caution when considering whether to engage with this entity or persons soliciting membership, aforesaid, on behalf of the entity. Anyone who is concerned about having transacted with the above named company, their agents or their consultants, should contact Mr. Gawaine Ward, Manager, Enforcement Department at the Securities Commission of The Bahamas at telephone number 397 – 4100 or in writing to P.O. Box N-8347, Nassau,”

4. United Kingdom
https://www.fca.org.uk/news/warnings/international-markets-live-limited
International Markets Live Limited trading as iMarketsLive
Warnings Published: 21/05/2018 Last updated: 21/05/2018
We believe this firm has been providing financial services or products in the UK without our authorisation. Find out why to be especially wary of dealing with this unauthorised firm and how to protect yourself from scammers. Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorised by us.  However, some firms act without our authorisation and some knowingly run investment scams.  This firm is not authorised by us and is targeting people in the UK. Based upon information we hold, we believe it is carrying on regulated activities which require authorisation.

Who is FCA.org?
“We are an independent public body funded entirely by the firms we regulate, by charging them fees. We are accountable to the Treasury, which is responsible for the UK’s financial system, and to Parliament. Our work and purpose is defined by the Financial Services and Markets Act 2000 (FSMA)(link is external). We work with consumer groups, trade associations and professional bodies, domestic regulators, EU legislators and a wide range of other stakeholders. With this extensive remit, we use a proportionate approach to regulation, prioritising the areas and firms that pose a higher risk to our objectives.”
5. SPAIN
http://www.cnmv.es/Portal/verDoc.axd?t={1d98f889-8f08-4df9-aada-b78e84e53cba}

“CNMV ISSUES WARNS TO THE PUBLIC ON UNREGISTERED FIRM Pursuant to the second paragraph of Article 17 of the Securities Markets Law (recast text approved by Royal Legislative Decree 4/2015, of 23 October), the Comisión Nacional del Mercado de Valores. (National Securities Market Commission) warns that: INTERNATIONAL MARKETS LIVE http://imarketslive.com/ is not authorised to provide the investment services detailed in Article 140 of the Securities Markets Law, which include investment advice, or to provide the auxiliary services detailed in letters a), b), d), f) and g) of Article 141 of the said Law in relation to the financial instruments detailed in Article 2 of the said Law, including, to those purposes, foreign currency transactions. This company was subject to another CNMV public warning on January 15, 2018 Additionally, CNMV advises that the following person is related to the above-mentioned company: D. EDUARDO ARJONA MOYANO For any enquiries, please contact the Comisión Nacional del Mercado de Valores enquiry line on 900 535 015 or visit the CNMV’s web site (www.cnmv.es). 7May 2018.”
http://www.cnmv.es/Portal/AdvertenciasListado.aspx?tipoAdv=1&inicial=I

6. COLUMBIA
SuperFinancerio
Courtesy Ethan Vanderbuilt
https://ethanvanderbuilt.com/2017/10/10/colombia-issues-warning-for-imarketslive/

7. Centrale Bank van Curaçao en Sint Maarten

http://centralbank.cw/uploads/files/Press%20Publication%20Warning%20Notice%202017%20iMarketsLive%20ENG.pdf

Centrale Bank van Curaçao en Sint Maarten – CBCS warns consumers of iMarketsLive The Centrale Bank van Curaçao en Sint Maarten (“CBCS”) warns consumers about iMarketsLive and related entities, since this entity deals in the Foreign Exchange (“FOREX”) market, and is not supervised by the CBCS. Please note that trading in the FOREX market has many and large risks associated with it. Furthermore, the proposed program that this entity is offering has similarities with a pyramid scheme. Since iMarketsLive does not fall under the supervision of the CBCS or under any other regulator in Curaçao and/or Sint Maarten, consumers are not legally protected and may be at a higher risk of losing their money. For more information relative to FOREX and pyramid schemes, please click on the following links http://centralbank.cw/forex-guidance, http://centralbank.cw/forex-alert, http://centralbank.cw/investor-education-pyramid-schemes CENTRALE BANK VAN CURACAO EN SINT MAARTEN Willemstad, September 22, 2017
8. Jersey (Country)
https://www.bailiwickexpress.com/jsy/news/investigation-looms-pyramid-scheme-targets-island-young-people/#.W0pWDtJKiM8
Detectives are considering whether to launch a full-scale investigation into an alleged pyramid scheme that has sparked strong warnings from global financial authorities and now appears to be targeting young people in Jersey.
Police say that iMarketsLive could cause islanders to make significant financial losses.
The internet-based business purports to offer users the tools and training to become experienced financial traders for a sign-up fee of over $200 and an additional monthly payment of around $160. Members are then offered commission if they can encourage more people to sign up.
Since its launch, UK, French, Belgian, South American and numerous other global authorities have issued alerts. The UK Financial Conduct Authority advised users to be “especially wary” of the product. Meanwhile, Jersey Police warned that the scheme is “likely to result in financial loss to members of the public.”
They said that recruitment meetings had already occurred locally, with younger adults being particularly targeted, and that further sessions had been arranged for each Wednesday at 19:00.
Not only is such a service illegal, as the business is offering an ‘unauthorised’ financial service, Police also warned that iMarkets “has the appearance of being a Pyramid Scheme” – a type of financial fraud revolving around offering incentives for recruiting more people.
Express also found evidence of the product being marketed on a local Facebook forum to over 15,000 islanders.”
9. British Virgin Islands

http://www.bvifsc.vg/publications/advisory-warning-no-2-2018-imarketslive-or-international-markets-live-ltd-9-may-2018

Advisory Warning No. 2 of 2018 – iMARKETSLIVE or International Markets Live, Ltd. (9 May 2018)  IMARKETSLIVE OR INTERNATIONAL MARKETS LIVE, LTD.

Tortola, British Virgin Islands – 9 May 2018 – The British Virgin Islands Financial Services Commission (the “FSC”) has recently been made aware that an entity called iMARKETSLIVE which is purported to be a subsidiary of International Markets Live, Ltd. is offering services in the Territory relating to online investments and trading in forex products and services. The FSC hereby informs the public that iMARKETSLIVE or International Markets Live, Ltd. are not and have never been licensed by the FSC to carry on investment business in or from within the Territory. Members of the public are advised to exercise extreme caution in conducting any transactions with iMARKETSLIVE or International Markets Live, Ltd.
The FSC is issuing this Advisory Warning under Section 4(1)(l) of the Financial Services Commission Act, 2001.
Category:
Advisory Warnings
Posting Date:
Wednesday, 9 May, 2018
Action Date:
Wednesday, 9 May, 2018

Harmonic Pattern Trademark Disclosure

Dear Harmonic Traders,

It is been two years since my last confession ……..errr, I want to say disclosure…. disclosure of the nonsense and fraud that is been perpetrated in the name of harmonic patterns. We have reached another point where an update is required and important facts need to be presented to the public to clarify the continued misinformation.  This is the first of several #HarmonicTraitors posts about to be released.

IF YOU WANT TO DISCUSS HARMONIC PATTERNS FREELY = FAIR USE/NO VIOLATION!

HOWEVER…

IF YOU CURRENTLY SELL PRODUCT AND/OR SERVICES WITH THESE TRADEMARKED TERMS – YOU MUST RECEIVE WRITTEN AUTHORIZATION TO CONTINUE OR YOU WILL BE PROSECUTED.

Contact me directly from HarmonicTrader.com.

Copyrights/Trademarks: The following is not an all-inclusive list but representative of the harmonic pattern portion of my ip portfolio with links to the US Government website that hosts the LIVE TM REGISTRATION CERTIFICATES.

 

AB=CD Pattern  86844028

http://tsdr.uspto.gov/documentviewer?caseId=sn86844028&docId=ORC20161003094029#docIndex=0&page=1

Bat Pattern 86864860 (Incontestable after 10-year renewal)

http://tsdr.uspto.gov/documentviewer?caseId=sn86864860&docId=ORC20161003094344#docIndex=0&page=1

Butterfly Pattern 77001543

http://tsdr.uspto.gov/documentviewer?caseId=sn77001543&docId=ORC20080527001152#docIndex=6&page=1

Crab Pattern 86865007  (Incontestable after 10-year renewal)

http://tsdr.uspto.gov/documentviewer?caseId=sn86865007&docId=ORC20161003094347#docIndex=0&page=1

5–0 Pattern 77001230  (Incontestable after 10-year renewal)

http://tsdr.uspto.gov/documentviewer?caseId=sn77001543&docId=ORC20080527001152#docIndex=6&page=1

Shark Pattern 86842233  (Incontestable after 10-year renewal)

http://tsdr.uspto.gov/documentviewer?caseId=sn86842233&docId=ORC20160925025515#docIndex=0&page=1

Harmonics 86863008

http://tsdr.uspto.gov/documentviewer?caseId=sn86863008&docId=ORC20170129120017#docIndex=0&page=1

Harmonic Trading 77001229 (Incontestable)

http://tsdr.uspto.gov/documentviewer?caseId=sn77001229&docId=ORC20080226000809#docIndex=9&page=1

 

FXGroundTwerps

FXGroundTwerps – The Weakest Harmonic Traitor of Them All!

I want to thank all the people that have supported what this blog is about. I have received three negative responses and they were all from fake accounts. So, I consider the hundreds that have liked the posts, shared them or even the direct emails from others thanking me for exposing these bad actors as a genuine response that there has been some awareness to counter the misinformation currently being promoted.  For me, I have been resolute since committing to this cause 1000% from the beginning. For a very long time, I excused the bad behavior and outright contractual violations that many of these people have inflicted upon me.   Indirectly, some of these individuals have created awareness but at the cost of thousands of individuals losing money that they really don’t have to lose.

The (Harmonic) Trading Learning Curve

The common experience for a new trader typically involves a process of educational discovery to learn some type of trading strategy where they spend $5-$10,000 in courses, software and other events. After investing anywhere from a weekend to a few weeks, they take the remaining $10-$15,000 that they have for this endeavor and blow out the account within 30 days. By the time they contact me, most of these people are down $20,000 or more but then get my FREE book to learn the correct measurements and process.  I want that to happen where people can access a basic information for free in my attempt to disrupt this tainted learning curve in the world educational trading programs and mentors. Last year, I finally reached a point where enough was enough, as too many people were contacting me on a regular basis with this same exact “learning curve” story. Therefore, I am now responding and I will continue until I have thoroughly addressed this stain.

“The Harmonic Trader” (1998) FREE PDF Download

I want people to know that I’m a reasonable man and I have tried to address each of these individual situations personally for quite some time. I must say that it is uncanny the number of people and companies that have tried to manipulate the entire methodology of harmonic patterns and Harmonic Trading for marketing gain. As they say, “Truth is Stranger than Fiction” and in this case, there are too many REAL bad characters.  This is not how I really want to spend my time but it is all from a point of necessity.  I have made progress with certain individuals immediately following the initiation of this blog.  I reiterate that I offer each of these individuals a public opportunity to defend themselves and rectify the situation. I do know personally that each one of them has become aware of my complaints. Many of them have indirectly responded by beginning to cite me or they have directly contacted me. Unfortunately, it has come to this point where I need to go “rogue” to thwart the expanding glut of misrepresentation and deceit.

For me, this is about preserving the quality of the work. I don’t care about my name on the business, being on TV or wanting people to think I’m some kind of a hotshot. I’ve been through too much crap in my life to have any attitude.  I am grateful to so many people who helped me recover my life after my accident that the only way I can pay them back is to offer help to others. This is my personal goal, an important  value within the mission of Harmonic Trading, and this is what this blog is all about.  I will continue to update the situation as progress is made but I must now address the weakest, spineless and most ineffective Harmonic Traitor of them all. His name is Chris Hall of FXGroundWorks.com.

FXGroundTwerps

Back in 2010 after Financial Times republished my “Harmonic Trading: Volume 1 & Volume 2,” Chris Hall contacted me to discuss the opportunity of developing extensive web resources and an adaptation of my Harmonic Analyzer software for other platforms such as Ninja Trader. Chris and I held to class sessions in 2011 and 2012 where we began to reach out to the developing Harmonic Trading community in an effective manner. I really thought this was a guy I could work with. Although it was my intention to eventually meet him, I was living in Brazil at the time and he was living in Canada. Therefore, we collaborated online and via phone to initiate this larger Harmonic Trading project for the better part of a year.

After the second class, Chris was about to finish building the website, software for Ninja Trader (named “Harmonic Auto Trader”) and other harmonic pattern resources. I was the primary contributor of all of this content. After nearly a year working together, I started to trust him more and we even signed a Non-Disclosure Agreement that secured our discussions – or so I thought?  Here is the signature page of the NDA link:  http://www.screencast.com/t/JicpZlTLdX

After more than 15 months of collaboration, Chris was ready to launch the website services and set up the third-party harmonic pattern software program. This was based on the algorithms that I supplied to him including specific ratios. Although I did not give more than what is already in my books, he clearly was not able to understand any of this information to be able to develop the code for the program. Regardless, we were ready to launch the entire project. We were so close to launching that we even had a product revenue split agreement of how we would mutually benefit from the business.
The document can be viewed at this link: http://www.screencast.com/t/Wi43eGHH6  At the last minute – literally a few days before launch – he says to me that our 50-50% partnership would now have to be 90-10%!  I fumed, “Are you serious?”  He replies: “I have been working really hard for the past 15 months so I believe this is fair.”  I said a few expletives and reminded him that I had been already working on Harmonic Trading for 15 years!

What to Do with the Twerp?

I want everyone to know that this is 100% truth. Although it is always been my intention to address his contractual infractions legally, I now want him to know that this is personal. Me and my attorney are focusing our efforts on his business to shut down his website  based out of Toronto, Canada. He knowingly violated my intellectual property rights, broke a legal NDA and has literally made $2 million over the past five years illegally selling stolen content. How do I know this? Because I have been tracking his company, products and services for the past year and a half.  His website, software and content come directly from me. You know this is true Chris and it’s a shame that you could not have the integrity to do the business right. I now have partners all over the world and we are expanding immensely month over month. However, you thought you could steal it for yourself and somehow rewrite the history of Harmonic Trading.

If you are a member of Chris’s website or subscribe to a software, you are supporting a thief. It is that simple. This spineless little bitch has no integrity and scams the trading community for marketing gain. He does not trade. He does not understand harmonic patterns. His research is completely inaccurate and borders on fraud. Despite his outrageous claims, his efforts are paper thin and have no substance. You are going down my friend. People will learn to avoid you and your business will slowly erode over the next year to 18 months. I will make sure of that. Also, when my Canadian legal representative begins proceedings, I will come for whatever is left and take it all. I’ve had enough of you. If you were a man, I would ask you to step outside because even from a wheelchair I could kick your ass. But, you’re a gutless twerp who manipulates people online for your financial gain. You have no business in this industry and your days of using my intellectual property are over. If you want to make this right, I would respond immediately. Oh wait, you did respond to me. After a few very nasty emails that I sent, including am email reminding him of what he did, he sends me the following letter that basically admits that he knows he has been trafficking in my intellectual property domain for years.  Chris Hall officially announces that he will no longer reference “Harmonic Trading”:  http://www.screencast.com/t/wsd86jM2e

I think he did this mostly because I own the trademark to “Harmonic Trading” but more because I have been able to remove dozens of his videos from YouTube and block him from future engagement with Ninja Trader.  HEY CHRIS – I could not believe that you sent me that letter. My attorney thinks it’s the perfect piece of evidence that will seal your fate and shut down your website for blatant and knowing abuse. Either way, FXGroundworks.com is finished!  I look forward to seeing you in court later this year in Toronto. I always wanted to visit and see my cousins from Ontario. Now, I will have two reasons to go to Canada – see family and pick up a big check from you. I just want be in front of you when you sign it and see the look on your face. Have a nice day Chris because tomorrow is going to suck.

Sincerely,

Scott M. Carney

P.S.  Say hi to Chris :  You can cut n paste: “Scott Carney says: ‘Have a Nice Day’ Traitor”

Send to: ChrisH@FXGroundWorks.com

Jason Simpleton and the Siphon Pattern

I now finally bring my attention to an individual who has attempted to attach his name to the Harmonic Trading legacy. Jason Stapleton of Trade Empowered and various other outfits  (The Syndicate, Forex Preview, TripleThreatTrading) that he has created and have attempted to attribute his “discoveries” as improvement upon my work. First of all, since I own the trademark on Harmonic Trading and all related terminology including all patterns, you have no authority to include any strategy within my domain. You have presented what you call the Cypher but it lacks the necessary elements that make patterns harmonic. THE CYPHER IS NOT A HARMONIC PATTERN! Go ahead and try to trade this, people will realize that it is a CONTRARIAN SIGNAL at best!  Personally, I think it should be called the SIPHON PATTERN because you have drained the money of good folks who are trying to learn the Harmonic Trading methodology.

No doubt, you are a shrewd Internet marketer but that’s all you are. I will no longer allow you to traffic illegally in my domain and continue your operations. You claim to uphold the values as a Constitutional Libertarian on that little show that you record from your parents’ basement but when it comes to other people’s personal rights you have no regard. Despite my attempts to contact you and Akil – your P.I.P (Partner in Plagiarism) – over the past 6 months, your lack of response to my communication demonstrates your disregard for anyone but yourself. You both have profited immensely from teaching my work and have failed in every regard to even remotely cite any source of your information. I have noticed that you recently have given me a passing reference as a response to my recent legal actions but you fail to follow the United States Fair Use statutes, especially for copyrighted material. Maybe you should consult the following post if you’re going to continue to promote ideas as your own that come from other sources:
https://harmonictraitors.wordpress.com/2016/03/18/legal-fair-use-rules-for-harmonic-trading/

I think Akil can spot the pattern that happened two days ago pretty well. However, your lack of ability to understand Harmonics (yes, I own the trademark on that term as well) or even care enough for your students to demonstrate any abilities in real trading conditions substantiates my concern that you are abusing my intellectual property for marketing gain. Of all the people I have reviewed during my legal discovery, you are by far the most egregious violator and I will prove to a federal court that your business has knowingly plagiarized my material.

I have been able to remove hundreds of your videos from YouTube due to my intellectual property rights for the pattern names and copyrights of illustrations that were registered 10 years ago or more. I will continue relentlessly to remove any and all content that violates my domain. I notice that you have been reposting this content under a new YouTube channel named Fabian. Don’t worry, I will get to that account very soon as well. Due to the ability of my legal team to affect your Youtube videos, you finally responded to me and I would like to post this exchange for all to see.        _________________________________________________________

MON 9:35PM
Scott: I removed your videos, now u try to cite me, PESAVENTO DID NOTHING TO INVENT PATTERNS, He is a bankrupt loser and you are about to be sued and removed from NINJA TRADER..

TUE 10:44AM
Jason:
Brother I have no idea where this vitriol comes from but I’m not a bad guy. I would really appreciate it if you would stop posting negative things about me.
Is there a reason you have never reached out to me? I have been teaching for going on 7 years. I’ve never spoken to you. Not in email or on the phone.
If you had a problem with me a simple way to address it is to contact me directly.

WED 6:27PM
No way. I tried to contact you for the past six months and you guys ignored me. I am not going to rest until you are fully addressed. Do you even admit the fact that you plagiarize all of my material in your courses? Are you kidding me? You took my perfect pattern alignments as your definition of improving the patterns themselves? It is very disappointing Jason to have to deal with such B.S. I love the seminar that you sell that is entitled “Crab pattern” where someone asks you where you learned all of the stuff and all you had to say was that you studied 200 books? The vitriol comes from my 30 years of work where I have shared this information to help people. Meanwhile, people like you who are Internet marketers do not have the full understanding to be in business to teach this stuff. If you think you do, why don’t you and I have a little trading challenge, put up $20,000 each and winner take all. Then you can prove to people that you actually understand my work. You say you are a Libertarian but you have no regards for other people’s intellectual property rights. I own the trademark, copyrights and I now have a patent pending on the entire process. I would check yourself my friend and make sure that you get in alignment with me or you will not be doing harmonic patterns much longer. People know about you now and I will not stop until the situation is resolved. If you got the guts, send me your phone number and we can have a talk. Maybe now that you know that I’m serious you will finally respond to this message. Never giving up, Scott Carney

Jason: What is it you want? Do you want me to cut you in on a piece of my business? Are you telling me I either let you give the orders or you’re going to try and shut me down? I am one of 100 guys who work with patterns and they are only a small part of our curriculum. Is there a reason you’re singling me out?
WED 9:50PM
Scott: I want the DOZENS of your former students whom have contacted me over the past year to stop losing money due to your lack of understanding…they ALL TELL ME you present this as your own, jack them for thousands and end up in worse shape than they started. I WANT NOTHING FROM YOU BUT TO GET OUT OF MY PATTERNS SELLING FOR PROFIT. Keep your Cypher and stop calling it a harmonic pattern because it lacks the elements that make structures harmonic. I’ve seen your course and materials…”set and forget” – are you insane? or how about the ADV Pattern Course with entire modules named CRAB, BAT…Let me direct your attention to:

BAT PATTERN Trademark Application of Carney, Scott – Serial Number 86864860 https://trademarks.justia.com/868/64/bat-86864860.html

 https://trademarks.justia.com/782/11/crab-pattern-78211394.html
…these are 2 of 20 that I own.
I DON’T GET YOU JASON…You are acting stupid and I know you are a sharp guy, great marketer but blatant plagiarizer….why? I am reasonable, sent you several emails – AKIL too – but it is clear you thought you could hijack this. We could have done insane things together as I have established a global HT Network but I have been through too much in my life to tolerate this garbage. Also, go ahead and cite Pesavento because you are aligning yourself with a lying, bankrupt loser who tried to steal from just about everyone. Ask Bryce Gilmore, Jim Twentyman and others…he was bankrupt from ’95-’02 while telling everyone he made $1million a year…he fooled me for about 1 yr until I busted him. I DEFINED ALL THE RULES THAT ARE NOW THE INDUSTRY STANDARD that tens of millions of people are discovering. I have these people with me and they are very, very tired of getting ripped off… I am now going public on all of this because I respect the fiduciary responsibility that comes with this business – as a man of faith, as a man of integrity and as a man who cares more about people than scamming a quick buck. You made the top 5 of Harmonic Traitors and it will be clear to all now.

7:11AM
Jason: Well Scott the things you are saying about me and my company online are untrue. I’ll ask you to please take them down. Regarding your claims, I will have to look into it. I claim no expertise in that area.

6:34PM
Scott: My attorney will be in touch
Chat Conversation End
__________________________________________________________________
So, I am filing legal action against you and recently my attorney sent you a Cease and Desist letter. It goes something like this:

Notice to Cease and Desist All Business Activities

Mr. Jason Stapleton
Trading Institute LLC
15700 College Blvd, Ste 301
Lenexa, KS 66219
1.8163326947
Email:
info@tradeempowered.com <mailto:info@tradeempowered.com>
Web: tradeempowered.com <http://tradeempowered.com/&gt;

Dear Mr. Stapleton,

I represent Mr. Scott Carney creator of the patterns and owner of all intellectual property associated with the terminology and illustrations protected by international Trademark and Copyright law that encompass the Harmonic Trading methodology. You are under jurisdiction in the United States to abide by the laws and procedures required to use his intellectual property through written consent and proper citation. In our opinion, you have blatantly and knowingly violated these regulations. Despite Mr. Carney’s attempt to contact you over the past six months, you have ignored his requests and your business has continued to profit from his intellectual property domain.

We hereby give you 30 days to Cease and Desist all activities related to his intellectual property, respond to this notification and prepare to come to a financial settlement related to your damage to his protected domain. We are prepared to pursue all legal action against your current and prior business entities. We will petition your Federal District court in Kansas with an injunction to seize business and personal assets of you and your related partners and employees until such financial remedy is realized. We demand that you immediately end all business operations including website services, education programs and your Constellation software damaging Mr. Carney’s intellectual property. We consider the violations that you have committed during the past six years as material and significant.

Based upon our legal due diligence to date, we estimate that you have earned in excess of $7million over the past three-year period at a minimum, selling products and services related to Mr. Carney’s intellectual property. Typically, these penalties range from 100-300% of revenues received from your business related to Mr. Carney’s domain. This would result in our initial legal claim to be filed for approximately $15-20million in civil damages. If you do not respond to this letter within 30 days to resolve these infractions, we will begin proceedings to file a motion that will prevent you from further business activities. After receiving approval of this injunction, we will move ahead with a civil lawsuit to recover financial damages for all business revenues received through your illegal activities over the past five years.

After we receive approval of our request of an injunction from the U.S. District court, we will subpoena your financial records to get exact revenue figures and apply the legal damage multiplications that are associated with such infractions. Your past and present related companies such as TripleThreatTrading.com, The Syndicate and your “Harmonic Retreats” will be investigated thoroughly to determine if more substantial damages have been incurred. Furthermore, your partners and material employees including Mr. Todd Brown and Mr. Akil Stokes will be named as co-defendants in our proceedings, as they are liable as knowing participant in these civil infractions.

As a part of this Cease and Desist request, we would like to outline a few examples that demonstrate the degree of your violations. Mr. Carney has received several variations of your webinar programs, live events and advanced pattern course from many different former students who are quite unhappy with your instruction. Many of these individuals have come forth and they are willing to testify on Mr. Carney’s behalf to substantiate our claims. Although you give Mr. Carney a glancing reference in one or two of those programs, you failed to acquire proper written consent beforehand. We will prove to the U.S. Federal Court that you knowingly omitted proper citation of his work. Your insufficient citation and misrepresentation clearly violates United States intellectual property law. We present two of many direct violations that we have identified for you and your attorney to understand the basis of these claims.

Example 1:
“Trade Empowered Advanced Pattern Course” Pattern Improvements

We have cited a blatant and material offense in your “Trade Empowered Advanced Pattern Course” presentation that clearly gives the appearance that you have created an improvement on his intellectual property but it is merely a plagiarized illustration from Mr. Carney’s “Harmonic Trading: Volume One” book (implied Copyright 2004 and Registered Copyright 2010 Financial Times Press, Pearson Education).

From Your “Trade Empowered Advanced Pattern Course” Week 7:
“NOTE: There are a wide variance of Fibonacci levels that can be applied to specific patterns that will be technically “correct”. We’re going to briefly cover those ratios but for the purposes of our training when I refer to an advanced pattern I am refer­ring to the “perfect” pattern. This will reference specific ratios that historically pro­duce the highest probability outcome. ” t2U_fxpro_190100_advanced_patterns.pdf July 2014

(We have documented evidence of this course as early as May 2011)
We bring your attention to Mr. Carney’s 2010 filed Copyright Registration April 2010 ISBN-10:0-13-705150-6 Harmonic Trading Volume One: Profiting from the Natural Order of the Financial Markets pages 119-122 Pearson Education LTD. where he defined, outlined and illustrated the perfect harmonic pattern concepts long before you “optimized” harmonic patterns. You clearly misrepresent the work and refer to the perfect pattern by stating, “…for the purposes of our training when I refer to an advanced pattern I am reffer­ring to the “perfect” pattern …“ This concept was originally created and initially presented in Mr. Carney’s Harmonic Trading Volume One which was released in 2004 with an implied Copyright and later republished by Financial Times Press with a registered Copyright dated 2010. We direct your attention to pages 119-122 of his 2010 book that outlines the exact structure he discovered while in your course you show the same material. The terminology of a perfect pattern and the exact illustrations that Mr. Carney presented are protected under international Copyright that cannot be used in business for profit under any circumstances without his express written consent and proper citation on your behalf. Furthermore, your interpretation of his perfect illustration that changes one ratio measurement does not represent a material improvement of this information and confirms your knowing violation of his intellectual property domain.

Example 2: Trade Empowered “T2 University FX Pro” Live Webinar Course

Another example of your egregious violation comes from a live webinar presentation entitled the Crab pattern. We have created a link for you to review a brief snippet from that presentation. At the 39-minute mark, an individual asks you where did you learn all of this. You respond by saying that you studied 200 books to gather this knowledge. We have edited the material for you to easily reference this infraction. Please review the following link at this location: https://www.youtube.com/watch?v=t60BGFDEWrI&feature=youtu.be 
Mind you, this presentation was entitled the “Crab Pattern” which is a term created by Mr. Carney and trademarked (No. 2,953,258) registered May 17, 2005.

Your other webinar titles including the Bat pattern, the Gartley, the Butterfly and others are in direct violation, as well. These are two examples of many infractions that you have incurred in Mr. Carney’s domain of Trademarks and Copyrights over the past five years at a minimum. Among his numerous registrations, Mr. Carney owns the Trademarks and Copyrights for all of his harmonic pattern discoveries including the Gartley, the Bat, the Butterfly, the Crab, as well as related terminology of Harmonics, Harmonic Trading, Potential Reversal Zone and many more.

We have more than a dozen specifics infractions that we will gladly present in our legal proceedings when we file an injunction against your company to stop all activities in our process to file a claim for damages. In most cases Mr. Stapleton, Copyright and Trademark violations result in triple damages of monies received as a result of your business endeavors in Mr. Carney’s intellectual property domain. Mr. Carney is very serious and he will not stop in his determined pursuit to permanently prevent you from further activities in his domain and seek financial remedy for the extensive damage incurred to his intellectual property.

Although you have recently responded to Mr. Carney after his repeated requests, he will no longer communicate with you directly. All communication must be handled through my office. You or your attorney must contact me directly within thirty days of receipt of this notice. If we do not hear from you, we are prepared to move ahead immediately with all legal proceedings. We await your response to disclose your willingness to agree to a settlement in regards to these damages and your proposal of resolution for future business endeavors in his intellectual property domain.
Sincerely,

Attorney-at-Law for Scott M. Carney
______________________________________________________________

You violate the United States Fair Use guidelines that dictate copyright usage and egregiously damage all trademarks that have been secured by me.  These examples of misrepresented pattern illustrations in your seminar material and other strategies on your YouTube videos are exactly from my books, The Harmonic Trader (1998), Harmonic Trading Volume 1 (2004, 2010 Second Ed.) and Harmonic Trading Volume 2 (2007, 2010 Second Ed.) There are numerous other of violations including your variation of the Potential Reversal Zone (PRZ) that you call the Price Reversal Zone. Classic and typical of someone who has no idea how to trade or has done the work to know where all of this originates. Your hubris will be your downfall. How could you be so obtuse ? Your offenses run far and wide. Now, you will be dealt with legally and be held to account on every violation from course material, website resources and other information that you disseminate illegally.

Sincerely,

Scott M. Carney