Home > Tools of the Trade > Educational Resources > Be Careful Doing Business With Right Line Trading Company

Be Careful Doing Business With Right Line Trading Company

  1. Be very careful doing business with Right Line Trading, RLT owned by Mark Sachs. They gave the following guarantee which is from their ad copy; "To demonstrate our confidence in the system we are now offering the WEBINAR SPECIAL PACKAGE with a two week, no questions asked, money back guarantee" "We take all the risk and we are 100% confident that you will take all the profit."
    I only signed up because of the guarantee. If their trading software worked, great. If not I got my money back. The cost of their software was $1699. Their technician set it up on my computer and their server sends the trades to automatically run on my computer. The software is called Transition Zone and it lost money so I requested my money back. The owner, Mark Sachs refused to return my money. When I continued to press him for a refund he said quote "If you complain to any organization or demand a refund from Visa I will refer this matter to my attorney to prosecute you to the fullest extent of the law". In summary a simple no strings attached guarantee was given. The software wasn't profitable as he claimed. Mark Sachs would not return my money and he threatened to sue if I went to any authorities or agencies. Its up to you to determine if this is the type of person or company you wish to do business with. It is important that traders share experiences, good or bad, about vendors so you can avoid the many software vendors that scam traders and support the few vendors that don't.
     
  2. Why would you even believe a claim like that to be true? If someone had a secret system that made 100% profits why would the sell it for 1699?
     
  3. Oldest trick in the book, if you within 60 days of purchase, send your credit card company whatever says he has a guarantee and send them email saying you tried to get refund and send letter he sent you, and you will get all your money back. He will lose more money just going into his lawyers office to sue you, and he in the wrong anyway.

    Learn the lesson, anything good that is on a software would never be sold, take years to learn how to trade well.

    https://www.bbb.org/south-east-flor...ight-line-trading-in-palmetto-bay-fl-90305807

    Says he is a Commodity Trading Advisory, I believe he needs to be registered for advertising this? Am not sure, but you can contact CFTC. Am very sure they would love to know about your situation.

    Many people don't know, but if you get a refund by defending yourself with credit card company, vendor receives a red spot on his account for be flagged, and I believe you can find their history of dealing with others.
     
  4. Yeah screw that guy, he's not gonna sue, sounds like a real POS
     
  5. You have been on ET for 11 years how can you fall for such a thing? Easiest way to get your money back is to have an attorney send him a letter.
     
  6. That is not the easiest way, do what handle says.
     
  7. Yes, do what Handle123 says and file a chargeback with your credit card company.

    He won't sue you because: 1) he has nothing to stand on. 2) it costs more than $1699 to use an attorney to sue somebody.

    It's kind of dumb for him to not just give the refund, since a chrageback will hurt him. I'm sure he just thinks you'll drop it and he can keep the money. I hate dealing with scumbags like that. Thanks for posting so that others can know.
     
  8. What are you talking about?
     
  9. I was the original poster about Right Line Trading and Dr. Mark Sachs last week.
    I wanted to give an update.

    Yesterday I received an email with this quote from Dr. Mark Sachs as he has threatened to sue me if I go to Visa(which I have done) or any other agency to get a refund.

    "I am making you a special project of this company.

    After you lose the law suit I am going to garnish your wages, your car and your furniture.

    I will teach you that you cannot interfere, slander and libel a business because you did not get a refund you are not entitled to. We do not roll over in the face of clear-cut written letters of extortion.


    See you in court.
    Sincerely,
    Mark Sachs
    Right Line Trading
    www.RightLineTrading.com
    Phone: +1 (855) 765-6681
    Skype: RightLineTrading

    My "clear-cut written letters of extortion." was continuing to ask for a refund backed up with too many actual facts, their ad copy and emails saying I was getting a refund. While I was in the room I noticed noticed that he had lost his butt on many occasions but it wasn't showing up on the daily performance as the daily performance wasn't being posted. I asked Rory about this and he said they were just behind posting. Somehow a few months later those many horrible trading days turned into profitable months. Imagine that.
    What I paid for was what RLT calls Transition Zone. It does the trades from RLT's server and is hands off on my part. Their Tech installed it on my computer. There are 2 attachments, 1 is my actual results and the other is RLT's posted results. RLT's results show big gains and somehow I have losses. Again, imagine that.
    Someone sent me a lawsuit from the state of Florida. https://www.tradingschools.org/wp-content/uploads/2015/11/HGPYBE4E490F87610580510072011.pdf Dr. Mark Sachs was busted for running a pill mill and had his medical license suspended. I wish I had found that out in advance. Character matters, lack of character matters more.
    Anyway, Thanks again.
     
  10. I would immediately file a complaint with the CFTC, with all pertinent information and statements.
     
  11. I'm not sure they have any jurisdiction over trade rooms that are "for educational purposes only" but I am going to call them to find out. If anybody knows of any agencies that have authority over "educational" trade rooms let me know.
     
  12. The CFTC is cracking down on rouge trade room vendors. They just indicted a bunch of them. Good luck.
     
  13. Thank you, I'll call them. My goal is to make this the most expensive $1699 Dr Mark Sachs of Right Line Trading ever took from someone. All I have to do is tell the truth using his own emails and website. The internet will make him famous. Somehow he forgot that ethics and reputation matter in business. The internet will help him remember.
     
  14. Why on earth did you go that way in the first place? You don't even seem to put any part of the blame on yourself, as you sincerely believe a money printer could be sold for 1600+, or any amount for that matter, by a person who probably met you in the trading business. I believe you just want that money back to pass it over to another better selling wizard.
     
  15. I trade manually fulltime. This was automated and supposedly had a good track record. If it made only averaged $50 per day it would have paid for itself in 2 months. I wasn't looking to get rich quick, just something that would chug along while I traded. With a no risk guarantee I shouldn't have had anything to lose.
     
  16. Tradingschools had a review of Rightline for a while. However, in the first review Emmett was fooled by Sachs who sent him a photo of a fake wharton phd, trying to pass himself off as a former business professor. Instead he was an md without the requisite license to do plastic surgery where he got several complaints of mutilations. Then he tried the pill pushing, avoided going to jail by paying the feds over a million dollars, then in his current incarnation is a typical ninjatrader dummy indicator and strategy scam room vendor. He even reneged on his updated review promising to show his results truthfully, but now as you've reported, doing the same scam fake results tricks every other vendor has done in the decades since online day trading started. Tradingschools needs to put up their list of reviews in a tabulated form. Too many newbies to day trading are missing the reviews done already by Emmett on sites they get fooled into signing up.
     
  17. Right Line Trading

    RE: 123r34

    Dear Sirs:

    The client, hereafter referred to as ML purchased software from Right Line Trading on 10/18/16. He was provided with a 15-day money back guarantee. He requested a refund well after the guarantee period had expired. He was informed of this by our customer service department.

    Instead of dropping the matter he threatened to post defamatory material on the Internet in a forum such as this, in an attempt to damage the company if we did not return his money. He was informed that Right Line Trading would sue him if he followed through will his threat. His threat in fact, met the legal definition of extortion. The threat to sue ML (court action), is the mechanism that civilized society has created to arbitrate problems such as this.

    ML filed a dispute (chargeback) with his credit card company in early February of this year. He provided them with a mountain of material to review to prove his case. This company responded on February 12, 2017.

    Two weeks later, ML lost the refund request. His own credit card company denied him a refund. ML has now taken his case before one impartial organization. I say impartial with some hesitation as it is well know that credit card companies heavily favor the buyer over the seller: nonetheless, he lost.

    ML has carried through with his threat to defame the company. Right Line Trading will carry through with its promise to sue ML for damages incurred from this defamation. ML has already lost this case once, which his credit card company, he will lose the case a second time in front of a second impartial forum, the court and a jury.

    ML has comported himself in manner unique to the history of Right Line Trading. We consider all our members to be part of our trading family and have 65 loyal members in our morning live trading room.

    If any members of this forum would like to speak to me personally they are welcome to call me in the office at any time.

    Sincerely,

    Mark Sachs

    Right Line Trading

    1-855-765-6681
     
  18. I have a problem in this bit...

    "Right Line Trading is not a financial advisory service and therefore...We do not provide Investment Advice in any capacity and therefore visitors or subscribers will assume full liability for all their trading decisions...

    ...Careful consideration of your financial position should be made prior to trading: never risk more than 2% of your account on any trade. "


    If RLT is not a financial advisory service, than how can they advise people what they should or should not do with their account? Isn't that bona-fide financial advice?
     

  19. Return his money...you would have gained more in the end returning the money. Reputation and integrity is priceless.
     
  20. This is in reply to Mark
     
  21. To Mark Sachs of Right Line Trading,
    After reading your letter above it becomes crystal clear to me that you and the truth are never in the same room at the same time. My credit card company, VISA refunded my money on 2-9-17. Below is the cut and paste from my credit card statement.

    Other Credits
    02/09 02/09 F5583001800083871 ADJUSTMENT-PURCHASES 1,699.00
    Next you said that I ran past the money back guarantee time. Your software,Transition Zone, was performing poorly. I emailed Rory asking for a refund. Rory offered to extend the refund date to 12-18-16. That email is below.
    Hi Mark,

    Pursuant to our conversation on the phone concerning your time to request a refund, we have extended your refund date to reflect an additional 30 days to make a final decision. You purchased the system on October 18th, 2016. This agreement will extend your refund date to December 18th 2016.

    Respectfully'
    Rory
    Right Line Trading

    Your software continued to lose money during the extended refund period so on 12-16-2016 I requested a refund and Rory responded with the email below.

    From:
    info@rightlinetrading.com [mailto:info@rightlinetrading.com]
    Sent: Friday, December 16, 2016 1:15 PM
    To:xxxxxxxxx <xxxxxxxxxxx@hotmail.com>
    Subject: RE: Status of Refund
    Mark:

    It will not be a problem. We will get you refunded.

    Sincerely,

    Rory
    Right Line Trading

    I did some further research on you. According to the internet, Florida newspapers and the State of Florida you
    1. Were arrested for running a pill mill
    2. You went to jail
    3. Paid a huge fine
    4. Lost your doctors license for the state of Florida
    5. Had many bad reviews for doing very shoddy cosmetic surgeries
    I ran across 4 lawsuits you lost for nearly $500,000 prior to your drug arrest.
    That information came from the Miami-Dade Clerk of Court public records under Sachs, Mark K and under document type put in Judgement.


    https://www2.miami-dadeclerk.com/public-records/StandardSearch.aspx?AspxAutoDetectCookieSupport=1

    A business person with a little common sense would have just honored his written word and refunded my money. I would have taken my refund and moved on wishing you the best in a tough business but you needed to be special just like your past history stated above.

    In my opinion you are a very unethical person with a large case of delusion thrown in.
    May you find all of the Karma that you deserve
    .




     
  22. Dear Sirs:

    I just got off the phone with the company merchant account.

    At the time of the dispute the money was instantaneously debited from the business account: this is standard practice. It was transferred back into the business account on February 14, after the dispute was arbitrated.

    I will check back into this forum at least two more times. One time to notify everyone at the time ML is served with the lawsuit. A second time to appraise you of the outcome.

    I think this forum has overall excellent content.


    Sincerely,
    Mark Sachs
    Right Line Trading
     
  23. I waited to respond to the above post from Mark K Sachs of Right line Trading until I had the official notification from Wells Fargo/VISA.
    He has posted several times above about this case and almost the only thing he told the truth about was typing in his name. I received a letter from Wells Fargo today saying I had won my case with VISA against him. There had never been any arbitration as he said above. If there had I would have been a party to that.

    This is my favorite clip of an email Mark Sachs sent me.

    "I am making you a special project of this company.

    After you lose the law suit I am going to garnish your wages, your car and your furniture.

    I will teach you that you cannot interfere, slander and libel a business because you did not get a refund you are not entitled to. We do not roll over in the face of clear-cut written letters of extortion.

    See you in court.
    Sincerely,
    Mark Sachs
    Right Line Trading

    I am glad he forgot to mention kicking my dog while he was loading up my furniture.

    I will now file a complaint with the CFTC and the BBB.

    These forums can't weed out every scam trading site and pill mill felon out there but it
    does help us compare notes even though we will never meet. That is very valuable.
    Thank you all for your time and good trading.
     
  24. This sort of thing is the sign that the sender is clearly unhinged.

    If you run a business, you don't focus on this sort of thing. You write it off, move on and work on generating business.
     
  25. Thankyou to the poster on this thread. I had seen right line auto trading software on youtube and was considering taking a trial. I did some googling and found this forum post on top of the search result. After reading this thread i have changed my mind. One thing is for sure that this sachs guy is an obnoxious jerk who goes out of his way to threaten his customers on a public forum. I second jigsawtrading's observations regarding this unscrupulous tout.