Jason Bond and Raging Bull Named in $137m FTC Lawsuit
Stock picking gurus Jason Bond and Jeff Bishop were named last week in a $137 million lawsuit by the FTC. The suit alleges that Bond, Bishop and others made false claims to convince potential students that they had methods for achieving abnormal stock trading returns.
Bond and Bishop operate under the “Raging Bull” brand, which offers beginning traders an education in how to day trade stocks and options.
Many of the company’s ads and videos make bold claims, such as top student Kyle Dennis making $2.8 million trading part-time.
The FTC lawsuit alleges that Bond and Bishop actually lost money trading in their personal accounts at various times, and are nowhere near the prolific traders they claim to be.
Jason Bond has not tweeted to his 78,000 followers since December 2nd.