Changes Trading owner apologizes for payout delays
Modeled on the failed Ponzi scheme Bids That Give, Changes Worldwide initially launched in late 2013 as a $25,000 revenue-sharing scheme.
For whatever reason, that didn’t last long and a few months after launch Changes Worldwide switched names to Changes Trading.
Whereas Changes Worldwide attached itself to an irrelevant dietary supplement, Changes Trading sought to hide behind a day-trading platform.
As per the Changes Trading website,
Changes Worldwide brings you a revolutionary breakthrough in the world of day trading: The Changes Trading System (CTS).
The Changes Trading System has a documented and verifiable track record of unmatched performance in trading futures contracts (commodities).
Our proprietary and proven system is unique and is found nowhere else in the world. It is designed for both the new, inexperience trader as well as the seasoned professional.
This color-coded system is simple and easy to understand. It gives you exact entrance and exit points. And, we provide an unparalleled level of personal help and training to each user of our extraordinary system.
If you have a desire to own your own life, working from the comfort of your home, on your computer, in an “ALL CASH” business, the Changes Trading System could be for you.
Built on the foundation of Changes Worldwide, it wasn’t long before Changes Trading too ran into problems.
I haven’t yet formally reviewed Changes Trading, but have read reports of affiliate commissions being withheld for some months.
With silence thus far from Changes Trading corporate and facing mounting criticism from his investors, CEO Timothy Baggett has finally addressed the issue.
In a recent email sent out to Changes Trading investors, Baggett writes
Dear Friend & Changes Worldwide Affiliate,
It has been such an honor to get to work with each and every one of you over the past year; words cannot express my feeling of gratitude and appreciation.
I know over the past several weeks there have been a lot of rumors floating around and some pretty vicious attacks on me personally as well as this company. Though I will not get sucked into a war of words and respond to the attacks I would like to share some insight on where we are and where we are going.
First as all of you know we have fallen behind in commissions that were owed from the last couple of months.
I want to sincerely say how sorry I am that this has happened and I want to assure you that we are working very diligently to get this resolved. We had some unexpected events occur with our bank accounts and the cost of our website/back office being thousands of dollars more than was quoted to us.
Bank account “problems” is typically code for regulatory issues in Ponzi circles. Unfortunately Baggett does not clarify the specific details of the banking problems he claims Changes Trading went through.
Whether or not company funds were frozen or seized too remains unclear.
We also incurred some additional unexpected expenses in July and August. The above items combined caused us to fall behind on payouts and were unable to fulfill our obligations. But let me assure you WE FULLY INTEND TO PAY ALL COMMISSIONS OWED.
Being from the field myself I fully understand how frustrating this is.
How Baggett intends to make his investors whole is of course not elaborated on.
Commissions being paid correctly, and on time is the life blood of any business like ours and it is essential to staying open.
We have always taken pride in getting our commissions paid on time and correctly we intend to get this fixed and to get back on the right track.
Over the next few weeks we will be sending out payments to you as we try and get this completely cleared up.
As for the Business Promotional Packs that were purchased. We are working on getting all of the refunds processed and sent back to those that requested a refund.
I hope that you will continue to be patient and understand that we are working to get everyone their money returned as quickly as possible.
The “Business Promotional Packs” Baggett refers to were part of the original Ponzi offering:
As you may have noticed we have shut down the Changes Worldwide site and replaced it with the Changes Trading site. For any business to stay open it must first be profitable.
The MLM side of our program was simply not profitable. We have been losing money for the past several months and it had to stop.
We are no longer selling any products other than the trading system and the travel program.
Much easier to operate a virtual currency platform to shuffle new investor funds than to waste your time pretending to sell a tangible dietary supplement. Ditto travel memberships, they only require the transfer of money too.
We have changed our commission program to more of direct sales, two level model. We understand that many of you would rather be involved with an MLM and that is ok.
If you decide to move on, we understand completely and wish you nothing but the absolute best and much success. Please know this will in no way affect our decision on paying you any commissions that are owed you and you will not be discriminated against for making that decision.
For those of you that would rather stay and help us by selling our incredible day trading system, we are making sure that commissions are paid within 48 hours of the payment clearing on your sale.
We have been able to do this for the past two weeks and will continue to do so going forward. I want to assure you that it is my intention to never allow commissions to fall behind again.
Well sure, until Changes Trading is hit with “banking problems” again.
We are very excited about where we are going as a company. The trading has by far been our most popular product and we feel that by shifting and narrowing the focus to this product we are on the right path to help change a lot of lives.
We are switching to a new back office system and feel confident that we will be able to have the new website and back office live by early next week.
We are also working on a marketing system for our affiliates to use to aid you in building your business. We will also be releasing the new presentation next week. Like I said, we are very excited about what the future holds for Changes Trading.
Once again I want to say how much I appreciate each and every one of you. It has been a privilege meeting and working with all of you.
God Bless,
Timothy Baggett II
Typically when a scheme experience banking problems and attempts a re-open, it does so without access to funds frozen or seized. And as a result of said problems, often the scheme is required to approach financial institutions willing to take on their risk.
More often than not these are short-lived partnerships with the institution playing dumb to collect a month or two’s worth of fees, before they shut down the account. Either that or you’re looking at banking options where regulation is questionable at best.
Who Baggett is now using to handle Changes Trading’s accounts is not revealed. But you can bet they’re just as murky as the business opportunity itself.
what ! no mention of changes trading going public by timothy baggett?
has he changed his mind then ?
This thing will crumble in no time flat. Here is a common post on the changes facebook group:
Didn’t we hear that our old buddy Craddock’s involved in the highest level?
These alleged “trading system” had been around for ages. Like CandleStick and other systems, they always claim “proven track record” and they want $$$.
if it works, they could be trading options (which requires very little capital) and be making so much money they don’t need to sell the system.
Craddock is the mastermind behind the reverse stock merger BS and the one helping Baggett make poor decisions. Let’s see what “changes” happen this week as this boulder rolls down hill at full speed
wonder what happened to the 15% guaranteed monthly rev share? These systems will make a lot of people lose their homes
These guys got some splainin to do. That 15% you are referring to is a security, registered with the US SEC. Craddock being an exec should have been a flag alone.
The SEC should be all over it soon and Tim and Robert should be in cuffs soon joining Bernie.
People just don’t learn, do they?
Sounds like Tim Baggett has taken a page from the Ponzi Playbook:
DENY, DELAY, DECEIVE… looks like he is on the last page
i wonder what his next move will be. Rumor among the reps is that he is going to bankrupt Changes Worldwide and run the company as Changes Trading.
that plan worked awesomely for TelexFREE, lets see if slipppery Craddock and Timmy Baggett can do a better job of shafting the system and the promoters!!
Hang on people, one of their biggest distributors just pulled the plug on their affiliation with Changes.. sounds like all is not well in paradise
While I do agree in principle that if the trading system is any good, they should be making money on it, there are practical reasons why some day trading systems won’t work with options because of the much larger spread.
There are trading systems (stocks, futures, forex) that look to scrape a few points on certain patterns and you can make the case that it can’t be automated or scaled, therefore, it is a perfect business to share/educate.
A related example in terms of scale is poker – there are many training products to teach you how to play poker. Since the teachers can’t play on all sites and all tables and can only find so many games (brick & mortar or online multitabling), it’s completely legitimate to “teach” others how to also profit from the same profession.
Now, I have no idea as to the efficacy of the program being sold here, but just wanted to provide a possible explanation on how a trading program could be effective and sold/taught.
In all likelihood this is either yet-another-ponzi, or follows the model of many forex/bitcoin investment pseudo-scams where the money is collected like a ponzi, but then leveraged in speculative trading.
*If* the trading is successful, the profits continue and payouts for the ponzi are available. The scammer then has to decide either to shut it down (take the $ made and run) or parlay the ponzi further.
Changes world wide\trading collects $2900 for the trading software and that’s it. It’s up to the user to put more cash in a ninja trader account to actually trade futures.
Then each month changes wants you to pay $250 to use the software and have access to the indicators and training room that’s run by a 3rd party.
The. Whole thing is a big ol scam if you ask me.. They start an mlm, sell crappy vitamins, buy in to commissions. That didn’t work so they sell some BPP securities and promise returns they never pay, that didn’t work, sell some trading software under a different name and make off with the cash leaving a trail of net losers looking for their money.
One of my friends was involved with Changes Worldwide/Changes Trading. and that person was able to finance their software through Changes Whatever.. $1000 down with the rest due later.
About two weeks ago, shortly after Master Agent Rob Skinner and his crew were busy posting pictures of their “Changes” cruise, that friend got an offer to make a one time, that day only payment of $500 and Changes would write off the $1500 (50%) balance due… if that isnt a fire sale, I dont know what is.
i guess Tim Baggett and Robert Craddock figure that the best way to build value in their product is to fire sale their most prized product.
what’s next for these guys? i am actually shocked that people are still engaged with Changes What in the World is my name this week.. but i guess some people never learn
but ninja trader is available online for $995 alongwith an offer of installments.
ninjatrader.com/purchase-own.php
no wonder distributors in changestrading earn $800 commissions on sale on the trading platform ,the price has been inflated hugely.
i dont think people are buying this expensive trading system to actually trade , its all about the pyramid commissions. for trading newbies there are lots of trading platforms available for free.
investing.com/directory/trading-platforms/22
The whole thing is a cash grab. They sell that software for 2999.00 one day, 1995.00 the next day, finance it for 1000.00 down and then decide ask for 500.00 “today only” via paypal to pay off you balance when they run low on cash knowing they will not pay commissions.
Now I hear leaders are quitting and there are no employees left. Who is running this scam? Bagget, Craddock and the rest of the rats in the building?
Rob Skinner was promising 25% return each month at the beginning it never hit that number best might have been 16% and it was in the 7-12% for a while.
It cost more money in autoship then “Profit” to run a Changes Biz.
what ! crash landed before take off?
bagett and craddock should try their hand at ‘honest enterprise’ for a change . they’re just too dumb to carry off fraud .
Jeff did you ever get paid those numbers?
Tim Baggett, Changes World wide thief in hiding, decided to try and make all his problems go away today with this email to the field:
Can someone tell me how a “businessman” can start a business, take in MILLIONS of dollars from the field, then have the audacity to not pay the promoters, and now make an announcement “oops, my bad, but THESE guys are going to take over, while i sail off into the Florida sunset with all of the promoters money…”
Nowhere in the above “letter” from Tim Baggett does it say that he takes responsibility for the failure; he has dropped the rhetoric about “paying the field every penny they are owed”, nor did he have the courage to actually announce this change anywhere than in an email from “support” that goes unanswered.
The phone number listed above is NOT answered, and does not have the ability to leave a message, and he has changed his personal cell phone number for the third time, so Tim Baggett thinks he can hide out until the uproar blows over. For such a big man, he is completely lacking anatomically!
I, for one, am filing a complaint with the Florida Attorney General for fraud, and encourage everyone else to do the same, not only in Florida, but in your home state as well before it is too late.
Every day that you buy into this man’s lies is a day closer to him getting away with stealing from every one of us. I will hold you accountable Tim Baggett, along with every one of your cronies who helped you… remember the comments you made to the field about never wanting to wear an orange jump suit? I suggest you get over that fear, because that day is coming…
Oh and the address in his announcement is his OLD company address. They moved last month to:
according to their CHANGESTRADING.COM website
I was being paid those numbers of 9-16% till like may when trouble first started.
So Jeff, did you ever get any kind of sales report or anything else to support the amount of money you received? did Changes ever tell you WHERE the money was coming from?
This seems like a classic PONZI to me; new money comes in to pay off the old money (like Jeff) but it appears that somewhere over the summer, the money train ran out, so people got cut off..
Jeff, wasn’t your deal supposed to last for two years, at 15% per month? that was the pitch i got.. that is a 360% return on your investment…
Great deal, but totally unsustainable.
Can you tell me how to do that? I am in the same boat.
My pitch was at 25% by Rob Skinner for 2 years. Over the summer they stopped paying. They gave us 2 to one for our money.
happy to help “Some Guy” and anyone else who needs to file a complaint.. here is the contact info for Polk County prosecutors office, Lakeland Florida police, and two links to Florida Attorney General’s office
Polk County Proseuctors office-Lakeland
(863) 802-6240
Lakeland Police department
863.834.6900
Florida Attorney General’s office:
myfloridalegal.com/contact.nsf/contact?Open&Section=Citizen_Services
Florida AG consumer complaint division:
myfloridalegal.com/Contact.nsf/Contact?OpenForm&Section=Consumer_Protection_Division
So Jeff, are you saying that Ron Skinner actually offered you 25% MONTHLY return on your money? and that Changes Worldwide actually PAID that sum? and you were offered 25% until you made double your money back?
That sounds WAY too good to be sustainable.
I just wonder how Changes Worldwide thought they could sustain that kind of payout??
No it was double points before Christmas. Rob was telling folks in NC that you would get 25% a month. I put in 10k and CWW made it 20k at 25% but I never got 25% best month was like 16.9%
So if my calculator is working correctly, you got paid 16.9% on 20,000 “points” for a 33.8% return on your $10,000 investment?
Thats even crazier!! How long did you get paid? Are you at least whole on the deal? I personally know one person who brought in $45,000 in May-June time frame and never got a dime back…
So Baggett, instead fixing problems (you can’t fix “no new money is coming in”), was working on a backroom deal and has now sold the CW affiliatebase list to the company providing the third-party service he attached to his Ponzi scheme.
Bet he got a nice juicy payout too.
These guys were coming off the back of Zeek Rewards.
Like most reload scams they thought they were going to attract the hundreds of thousands Zeek suckered.
Don’t forget Robert Craddock was whispering sweet nothings into Baggett’s ear too.
20,000 x .25 = 5k was how we would have been paid. That how it was sold. If it was 20k x 16.9% then thats what it was.
make your future LLC is headed by kimball parker, and the company is almost 4 years old.
parker is a ‘Network Marketing Professional for 15 years in financial services field as well as outdoor recreation fields’, and was previously with world marketing alliance [now world financial group , WFG]
WFG appears to be a actual MLM company , so wonder why kimball is playing ball with the likes of ponzi experts tim bagett and craddock.
the make your future website says nothing about the owners of the company and provides only a post box no and email for contact.
if kimball is selling such a great trading system which will put people back by approx 2000$ ,how about giving them a street address and a phone no ? as a professional why is there a need to hide ?
actually kimball parker, of 1myf.com , has been playing an active part in the changes trading business, he was involved with the training webinars .
bagett, skinner and parker , have been engaging in some heavy duty bonding over some fishing and hunting escapades , whizzing around in a private plane !
i think since payouts cant be made , they are ‘paper’ transferring ownership from company to company , and keeping the affiliates distracted.
a video posted by kimball parker on 1myf.com , actually says quite the opposite.
parker has sold makeyourfuture to bagett . moving forward , parker will remain involved only with training webinars as before, but without controlling interest of MYF.
in his email [ post#16] bagett says :
‘ I will step down as the owner and CEO of Changes Trading System, and MYF will assume direction and control on November 1st, 2014’
the cunning fox omitted saying that he is stepping down from CTS ,BUT, stepping up as new owner of MYF .
no money to pay affiliates , but enough money to buy out companies and fly private planes ?
Here is a link to the announcement that Kimball Parker, as owner of Make Your Future, makes wherein he announces that Tim Baggett and Changes Trading Systems, a DIVISION of Changes Worldwide have purchased MYF, then he goes on to state that Rob Skinner is directly in charge of all customer support, etc.
1myf.com/stock-vs-futures
So here are my questions; as anjali above so cleverly points out, nowhere in Mr. Baggett’s announcement does he state that he is resigning from MYF, rather that he is resigning as CEO and owner of CTS:
so, is Mr. Baggett secretly trying to hide behind a shell game of dumping companies with liabilities and skulking away to the next one? I surely hope he doesn’t think for a minute that will work….
and is Rob Skinner still in control of the affiliates as announced in Kimball Parker’s video on the MYF website?
so the guys who ran Changes Worldwide into the ground are now running the EXACT same deal, even using the Changes Trading name, but hiding behind a new company to keep bleeding affiliates… well at least this company has assets, so when the affiliates or the AG or the SEC step in to seize things on behalf of the affiliates, there will be something to sell.
and i thought Kimball Parker was just another victim until anjali also dug up that he has been in the network marketing game for quite a while.. so is Mr. Parker in on this too? only time will tell, and the good thing about Changes is that if you dont like the company name today, stick around it will change tomorrow..
CFTC Charges Utah Resident Kimball Parker and Florida Resident Timothy Baggett with Fraud and Other Violations in Connection with Offering and Selling a Futures Trading System
cftc.gov/PressRoom/PressReleases/pr7469-16
Thanks for the heads up MasterTrader, much appreciated!