I am Latino, and nobody investigates thoroughly, they only look for fast money based on promises and absurd dreams (sells courses and promises of 500% earnings).
I only collect information, since that sect is dangerous.
More interestingly, this occurs in scams like MLMs as well. Latino communities are targeted because in general they are more closely knit than average. This causes the "miracle cure" diatribe to travel faster than usual, and therefore increase profits for the guys at the top. Double it if the guy peddling the crap is Latino himself.
Herbalife recently went down for this type of targeting. It's insidious.
EDIT:
https://brokercheck.finra.org/firm/summary/47883
Here is one of this guy's great ideas. Terminated in 2012.
https://www.leagle.com/decision/innyco20080722261
Here is an interesting court case.
EDIT AGAIN:
More fun
https://www.ripoffreport.com/report...t-hlv-trading-vcm-stole-money-internet-625159
https://www.elitetrader.com/et/threads/velez-capital-management-yay-or-nay.114207/
https://investimonials.com/prop-firms/reviews-team-trading.aspx?page=3
"In 1999, Dow Jones dubbed him "The Messiah of Trading" and financial programs on CNBC, CBS and Fox News frequently seek out his expertise. Mr. Velez and his life-long dedication to bringing more awareness to trading as a way of life have been favorably mentioned in the New York Times, the Wall Street Journal, Investor's Business Daily, Barron's, Forbes, Stocks & Commodities, Equities Magazine and a whole host of other financial publications"
( ••)
I think we can call him...
( ••)>⌐■-■
a...
(⌐■_■)
false profit
YEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEAAAAAAAAAAAAAAAAAHHHHHHHHHH
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