I am sure this won't keep Joseph Dufresne (a/k/a/ Joseph James) and Megan Renkow (a/k/a Megan James) from popping up again under a different identity. But at least these two fraudsters for now, have been shamed.

Federal Court Orders California Residents Joseph Dufresne, Megan Renkow, and Their Companies to Pay More than $4.9 Million in Restitution and a Monetary Penalty for Fraud in Connection with Offering and Selling Futures Trading Strategies and Systems

Sadly this thief is still up and running using a Delaware address and selling his fraud for $4999

Quoting 

3) purported to make profitable trades in live accounts in real time in SoT’s “Live Trade Room” when, in fact, none of the trades called or profits claimed to have been made in the “Live Trade Room” can be found in any of Defendants’ accounts.... -CFTC

they could have just said "he sim traded only".

I don't get it. His channel on Youtube is still active. Just posted something 12 ours ago. Are they going to shut him down or not?

emini2000 

I don't get it. His channel on Youtube is still active. Just posted something 12 ours ago. Are they going to shut him down or not?

It passes the smell test if there is a claim of 'for education purpose only' somewhere.

cory 

It passes the smell test if there is a claim of 'for education purpose only' somewhere.

LOL. A bargain at any price.

This thread is from a long time ago. Today, SOT is not bad; just learn from his free stuff and YouTube. As people said, those who teach don't trade. However, it doesn't mean he didn't have anything good to learn, since he has grown a lot in his skills.

The two are not the same; people make money in the market, and don't teach. Most successful traders have paid many times over $5000 for education or blown their accounts. It looks like he misrepresented himself long ago, and today, he is more like any other trading YouTuber. His nightly videos are good reviews if you are a trader already.

Only a few percent of people succeed as traders; the journey is long, spanning years.