Instead, the agency says Bond paid a third-party promoter to stage the event at the Harvard Faculty Club using a fake Harvard insignia.

But the FTC says the school never invited him.

In 2017, RagingBull emailed subscribers that Bond was invited to speak at Harvard Business School and posted video of the speech. The suit says they have incurred 'substantial and persistent losses' from their own stock and options trading activities. The company's marketing materials don't tell consumers that Bishop and Bond primarily derive their incomes from RagingBull customers' subscription fees, not from stock and options trades. Many consumers have had their refund requests denied and had trouble canceling their online services, the FTC says.Īds for Bishop's services call him a 'genius trader who has made millions in the stock market.' The company's website says Bond is a former gym teacher who taught himself to trade stocks and rid himself of $250,000 in debt. The FTC says bank records show the company is bilking consumers, many of whom are retirees or immigrants, out of millions of dollars each month. The company sells online services related to stock and options trading and claims to have thousands of subscribers, according to the lawsuit. APO/FPO, Alaska/Hawaii, American Samoa, Antigua and Barbuda, Aruba, Australia, Austria, Bahamas, Bahrain, Bangladesh, Barbados, Belgium, Belize, Bermuda, Bolivia, Brazil, Brunei Darussalam, Bulgaria, Cambodia, Canada, Cayman Islands, Chile, China, Colombia, Costa Rica, Cyprus, Czech Republic, Denmark, Dominica, Ecuador, Egypt, Estonia, Finland, France, French Guiana, Germany, Gibraltar, Greece, Grenada, Guadeloupe, Guam, Guatemala, Guernsey, Honduras, Hong Kong, Hungary, Iceland, Indonesia, Ireland, Israel, Italy, Jamaica, Japan, Jersey, Jordan, Kuwait, Latvia, Liechtenstein, Lithuania, Luxembourg, Macau, Malaysia, Maldives, Malta, Marshall Islands, Martinique, Mexico, Micronesia, Monaco, Montserrat, Netherlands, New Zealand, Nicaragua, Norway, Oman, Pakistan, Palau, Panama, Paraguay, Peru, Philippines, Poland, Portugal, Puerto Rico, Qatar, Republic of Croatia, Reunion, Romania, Saint Kitts-Nevis, Saint Lucia, Saudi Arabia, Singapore, Slovakia, Slovenia, South Africa, South Korea, Spain, Sri Lanka, Sweden, Switzerland, Taiwan, Thailand, Trinidad and Tobago, Turks and Caicos Islands, United Arab Emirates, United Kingdom, United States, Vietnam, Virgin Islands (U.S.Bishop and Bond formed RagingBull in 2014.

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