Real Rise Academy Review: Forex training with blurred retail
Real Rise Academy operates in the forex training MLM niche.
The company was founded in 2021 by CEO Raphael Vargas.
One of the first things I came across in researching Vargas is this unbelievably cringe sob story.
If you don’t want to risk that click (I don’t blame you), here’s a taste;
Showing up to a party that was shortly after busted by the police turned out to be a life-threatening day for him.
As he was leaving the party, 3 men started to approach him, which caused him to turn around and go back into the party.
Little did Raphael know the owner of the house was a gang member as well. Raphael was jumped by multiple gang members, getting hit with bats, brass knuckles, and getting his face broken from the impact.
Scarily enough, it didn’t end there. He was then cornered in a room filled with 10 to 15 guys holding guns, bats, and other weapons, telling him, “you’re not going anywhere.”
As they started to approach Raphael, he knew that was it. At the age of 18, he was going to see his life end right before his eyes.
By the grace of God, it just so happened, there was a window by his feet that for some odd reason led to the basement of the house.
Raphael quickly broke the window and fell through into the basement, where he would find his way out of the house and make it to the hospital, where he spent 2 days getting patched up.
Police show up and shut a party down. As Vargas is leaving fifteen armed gang members “corner” him in a room.
Vargas hits pause, jumps through a window and lands in the basement. Fifteen scary armed gang members do nothing and Vargas escapes. Oh and the police disappeared too.
Something something god, real-estate and then Vargas makes $1 million by 24.
And the best part is Vargas wrote that spiel himself.
Anyway, Vargas does seem to have made a career for himself in real-estate. Soon enough though he turned it into a business opportunity.
Through faith, prayer, and an insane work ethic, Raphael became a Multi-Millionaire in his early 20’s and knew he could help others do the same.
Soon came 2019, where he would start teaching over 1,300 investors and become recognized by Inc. 500 Fastest Growing Companies for Real Estate Investment Education.
Turning countless students into millionaires, he would run into yet another roadblock.
With every good entrepreneurial story comes inevitable obstacles. Another bad partnership pushed Raphael out of the real estate education business and caused him to rethink what it was that he wanted to do next after making his fortune.
To hear Vargas tell it, after his real-estate business fell apart he got into shilling ecommerce automation.
I found marketing though suggesting Vargas started his ecommerce training business in “late 2018”:
In any event, that didn’t last long and by early 2019 Vargas was back to his real-estate origins.
This time it was Real Empire, operated through parent company Real Advisors.
That lasted until March 24th, 2020;
One year ago, Real Advisors set out to create and launch a program to help active real estate investors grow and scale their wholesaling businesses through REAL, proven actionable training that would yield REAL results.
Shortly after Real Advisors signed Raphael Vargas as our newest expert, and Real Empire was born.
We launched the Real Empire brand in early 2019, which was a huge hit for our company and we changed a lot of lives through our collective efforts.
We are announcing today that the Real Empire brand has determined it necessary to commence the process of winding down the brand and consolidate all business operations under its parent company and publisher, Real Advisors, who will continue to fulfill all previously purchased training events, products and services…
For those currently enrolled in our Real Advisors coaching program, we have made changes to improve the program, and those changes go into effect today, starting with the updated daily coaching schedule, taught by REAL active real estate investors/coaches…
The subtle dig at the end suggests it wasn’t an amicable split.
After Real Empire Vargas claims he rode the ecommerce COVID-19 wave, after which he got into forex.
Deciding to get into e-commerce such as Shopify and Amazon, Raphael quickly saw massive successes once again.
Not knowing that Covid-19 was coming, it did everything but hurt his business.
He says, “When covid came, E-commerce blew up. I had no idea that covid was coming. All I knew is that God told me to do it. We literally did over $10,000,000 in 7 months.”
If there’s one thing Raphael knows how to do, it’s how to be a success in anything that you do with no exceptions. Never falling short of building more financial freedom, he took a portion of his profits to invest in Forex.
He stated, “I gave my Forex fund manager $300,000, and he turned it into $1,200,000 in 4 months.
So we raised a bunch of capital, and I put more money in myself. Now we have a multi-million dollar forex fund.”
Now Raphael is giving back once again with his all-new mastermind group giving away all of his knowledge on forex, real estate, marketing, and e-commerce.
That saw Vargas launch Ace Equity Pros circa mid 2020 (just after Real Empire collapsed).
By early 2021 Vargas was back to shilling real-estate, which Stephen Cornelia pegged as mortgage fraud.
A few months after that expose, Real Rise Academy was launched.
Read on for a full review of Real Rise Academy’s MLM opportunity.
Real Rise Academy’s Products
Real Rise Academy sell a membership subscription for $197 a month.
Real Rise Academy membership provides access to
- in-depth courses
- live trading and…
- more in-depth courses
Unlock the power of learning step-by-step from real successful expert traders. Imagine having someone who is in the top 1% of traders walk you through your trades to make sure you’re making the right moves.
That’s why we partnered with some incredi-bly successful people that are ready to help you level up and get REAL results!
Real Rise Academy claims it teaches a “unique trading style”. No further specific information is provided.
Real Rise Academy’s Compensation Plan
Real Rise Academy’s compensation plan pays on the sale of membership subscriptions.
There’s no distinction between sales to retail customers and recruited affiliates.
Real Rise Academy Affiliate Ranks
There are fourteen affiliate ranks within Real Rise Academy’s compensation plan.
Along with their respective qualification criteria, they are as follows:
- VP150 – generate a downline of 3 members, capped 2/1 across your unilevel team, and at least 591 GV a month
- VP500 – generate a downline of 10 members, capped 6/3/1 across your unilevel team and at least 1970 GV a month
- VP1000 – generate a downline of 25 members, capped 15/8/3 across your unilevel team and at least 4925 GV a month
- VP2000 – generate a downline of 70 members, capped 42/21/7 across your unilevel team and at least 13,800 GV a month
- VP5000 – generate a downline of 210 members, capped 126/63/21 across your unilevel team and at least 41,400 GV a month
- Exec10 – generate a downline of 450 members, capped 270/135/45 across your unilevel team and at least 88,600 GV a month
- Exec25 – generate a downline of 1200 members, capped 1200/630/210 across your unilevel team and at least 236,000 GV a month
- Exec50 – generate a downline of 2100 members, capped 2700/1300/450 across your unilevel team and at least 413,000 GV a month
- Exec100 – generate a downline of 4500 members, capped 2700/1300/450 across your unilevel team and at least 886,000 GV a month
- Exec250 – generate a downline of 12,500 members, capped 7500/3700/1200 across your unilevel team and at least 2,400,000 GV a month
- Founder500 – generate a downline of 25,000 members, capped 15,000/7500/2500 across your unilevel team and at least 4,900,000 GV a month
- Founder750 – generate a downline of 37,500 members, capped 22,500/11,200/3700 across your unilevel team and at least 7,400,000 GV a month
- Found 1MM – generate a downline of 50,000 members, capped 30,000/15,000/15,000 across your unilevel team and at least 9,800,000 GV a month
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):
If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.
If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.
Placement specification is due to a 60%/30%/10% max per leg rule. I.e. up to 60% of your members can come from any one unilevel team leg, 30% from another and 10% from a third.
Members are required to be “qualified” to count towards rank qualification. This isn’t clarified but is assumed to require members to have an active Real Rise Academy subscription.
The term “member” itself also isn’t defined. I’m assuming it counts both retail customers and recruited affiliates.
GV stands for “Group Volume”. Group Volume is sales volume generated via the sale of Real Rise Academy subscriptions to retail customers and affiliates.
Retail and Recruitment Commissions
Real Rise Academy pays a $50 commission per retail customer referral or affiliate recruited.
A residual commission is also paid out to the first upline VP-500 and VP-1000:
- first upline VP-500 receives $25
- first upline VP-1000 receives $10
Residual Commissions
Real Rise Academy pays residual commissions based on rank:
- VP150s earn $150 a month
- VP500s earn $500 a month
- VP1000s earn $1000 a month
- VP2000s earn $2000 a month
- VP5000s earn $5000 a month
- Exec10s earn $10,000 a month
- Exec25s earn $25,000 a month
- Exec50s earn $50,000 a month
- Exec100s earn $100,000 a month
- Exec250s earn $250,000 a month
- Founder500s earn $500,000 a month
- Founder750s earn $750,000 a month
- FounderMMs earn $1,000,000 a month
Rank Achievement Bonus
Real Rise Academy rewards affiliates for qualifying at VP-1000 to Exec10 with the following one-time Rank Achievement Bonuses:
- qualify at VP1000 and receive $1000
- qualify at VP2000 and receive $2000
- qualify at VP5000 and receive $5000
- qualify at VP10000 and receive $10,000, paid out of over two months
Note that VP10000 rank qualification criteria is not provided.
I’m not sure if this is an error on Real Rise Academy’s part.
Monthly Gap Bonus
Exec10 to Exec250 ranked affiliates qualify for the Monthly Gap Bonus.
The Monthly Gap Bonus pays on additional GV, above the current rank minimum monthly requirement.
E.g. Exec25 requires 236,000 GV a month. Exec50 requires 413,000 GV a month.
Any GV between 236,001 and 412,999 is used to calculate an Exec25’s Monthly Gap Bonus.
If the Exec25 affiliate made 280,000 GV that month, they’d receive a percentage on the additional 44,000 GV they qualified with (280,000 – 236,000).
- Exec10s and Exec25s receive a 4% Monthly Gap Bonus rate
- Exec50s receive a 3% Monthly Gap Bonus rate
- Exec100s receive a 2% Monthly Gap Bonus rate
- Exec250s receive a 1.5% Monthly Gap Bonus rate
Joining Real Rise Academy
Real Rise Academy affiliate membership costs $296 and then $216 a month.
There is a “I agree to Customer Package” toggle when signing up as a Real Rise Academy affiliate. This suggests it might be possible to sign up without the $197 membership fee.
If that’s the case then I suspect the sale of a membership is required to be counted “qualified” for commissions.
This is not clarified on Real Rise Academy’s website or in their marketing presentations.
Real Rise Academy Conclusion
Real Rise Academy’s legitimacy rests on the ratio of retail customers it has, against how many memberships are held by affiliates.
Real Rise Academy offers retail customers free membership if they recruit and maintain two active retail customers themselves.
For affiliates though there’s no incentive to focus on retail. Free membership is available on the sale of five memberships, irrespective of whether those are made to retail customers or affiliates.
From a retail customer perspective, I go onto Real Rise Academy’s website and get a vague forex training pitch.
“Unique trading style”, top 1% of traders, 8-figure earners… nothing specific. And that’s not good enough.
This is for the individuals that are serious about building a more meaningful life and investing in their financial education.
You will be equipped with the knowledge, guidance, and develop the skillsets to be in control of your financial success.
Real Rise Academy failing to provide any evidence of its claims is a potential violation of the FTC Act (disclosures and deceptive marketing).
But back to being a retail customer. We know they themselves aren’t providing any of the marketed services because they admit it on their website.
That’s why we partnered with some incredi-bly successful people that are ready to help you level up and get REAL results!
Raphael Vargas claims he started forex with a manager. Maybe he learned a thing or too along the way?
Wanting to suss things out, you look up Vargas and find this:
But Oz, that’s just one post. Yeah it is. If you want to get sucker punched with pages and pages of douchebaggery, go look up Vargas yourself.
One can still be a poncy douchebag and trade forex though. I did try to verify whether Vargas has a forex past and couldn’t.
Whoever is providing the forex service Real Rise Academy is attached to isn’t disclosed. And again, not providing consumers with basic information is a violation of the FTC Act.
Even more so if you’re throwing purported riches in their face to sell your opportunity.
This brings me to a particularly interesting angel investor post from presumably sometime in 2021;
On Instagram he cites himself as “god’s fav billionaire (otw)”. Elsewhere’s he’s cited as an “8 figures entrepreneur”:
That’s eight figures, as in tens of millions of dollars.
In an October 2021 Real Rise Academy webinar, Vargas explicitly stated he’s
actually multi 8 figure, it’s weird to say this… I’m a thirty-year old entrepreneur. I’ve been an entrepreneur now for ten years. I’ve made tens of millions of dollars in my career.
So why then was Real Rise Academy begging investors for $3 million?
If we buy into Vargas “I gave $300,000 to my fund manager and four months later had $1.2 million” story, if he gave the fund manager that $1.4 million, in another 4 months he’d have over $3 million.
Something isn’t adding up here.
As a potential retail customer, if for some reason you think forex training from persons unknown is going to make you rich, ask for evidence.
Again in violation of the FTC Act, Real Rise Academy fails to provide any evidence or statistics pertaining to its subscribers.
At a minimum, Real Rise Academy should be able to provide audited results of traders generating the wealth it represents is possible.
I’m sure there’s plenty of people who’ve made money promoting Real Rise Academy – but we’re specifically talking about the forex side of the business.
I’m confident these people don’t exist, because Real Rise Academy is modeled on IM Mastery Academy.
Scroll up and have a look at that “begging for money from investors” screenshot again;
Our biggest Competitor has over 400,000 Active members because of their Network Marketing Backround [sic]. And Doing roughly $80MM a Month in reoccurring revenue.
We will have over 100k active members by the end of 2022.
At some point Vargas has seen IM Mastery Academy, and gone “I want that”. That’s all Real Rise Academy is.
Vargas only discloses who’s behind Real Rise Academy’s “forex education” on live calls:
Update 14th June 2022 – Donna Marie has been in touch to advise she severed ties with Vargas and Real Rise Academy in 2021.
Despite this, and a subsequent cease and desist, Vargas and Real Rise Academy continue to use Donna’s name and likeness in their marketing materials.
For reference, the above Real Rise Academy executive marketing slide is in Real Rise Academy’s official marketing presentation. It was accessed as part of my research into this review in June 2022, eight months after Donna cut ties. /end update
Archie Rice is credited as Real Rise Academy’s “head forex trader”.
Rice is a former IM Master Academy promoter.
In a February 2020 interview, Rice claims he got into forex trading in 2018. Shortly after he signed up as an IML distributor.
I first signed up at the uh … house events or whatever? You know?
Me and my homeboys went there. We’re doing penny stocks at first, when I came across trading. So we tried IML, and I would say I was definitely convinced that they were … the people that were going to be the saviours of financial freedom.
What I did come to find out about two weeks, it was very very short … that there wasn’t much in the quote unquote academy.
I think they talked more about forex rather than how to make money in forex.
Cancelled my subscription, it was over after that.
That interview was for Blue Capital Academy, some other forex opp that doesn’t exist anymore.
Rice goes on to claim he learned forex from “private classes”. At the time of the Blue Capital Academy interview, Rice was running GoLongFX Academy.
GoLongFX Academy was a forex training subscription company. It too doesn’t exist anymore.
On forex training MLM opportunities like IM Mastery Academy and Real Rise Academy, Rice had this to say;
[10:50] I’ve got some DMs from (IM’s) higher up Chairmans … bringing in nice residual income.
Now that they’ve built the residual, now they actually want to learn trading.
I said that to kinda just say that you can’t do both at one time. You gotta pick and choose one and one, and then go back to the other.
Real Rise Academy being modelled on IM Mastery Academy brings with it the same problems it has, namely that it’s a pyramid scheme with little to no retail activity taking place.
And not a single documented or audited case of anyone making significant wealth through IM Mastery Academy’s forex training.
Real Rise Academy likely operating as a pyramid scheme brings me to Raphael Vargas’ latest Instagram post;
That’s Peter Jensen, who certainly didn’t “leave retirement”to join Real Rise Academy.
Jensen made a name for himself in MLM as a top promoter of the YTB pyramid scheme.
In 2008 the company was sued by California Attorney General Jerry Brown.
An out-of-court settlement required changes to the company’s business model, and generated a decrease in membership attributed to bad publicity.
Jensen left YTB in 2009 and went on to launch AMA Nation in mid 2010.
A year later in 2011, AMA stole their affiliate’s customers and shut down their MLM operations.
A year in 2012, Jensen pled guilty to tax evasion. In 2013 he was fined $2.1 million and sentenced to 31 months in prison.
Jensen didn’t serve the entire sentence. He was released early and, in mid 2014, launched RE247365.
RE247365 was a real-estate themed membership pyramid scheme (go figure).
By the end of 2014 RE247365 had collapsed. Rather than just admit he was running a pyramid scheme, Jensen came up with sob story alleging frozen funds and fraud.
Jensen’s next MLM gig was Master Distributor for Direct Cellars in 2016. That lasted until Direct Cellar’s collapse in 2019.
As Direct Cellars was collapsing, Jensen signed on as a “spokesperson/consultant” for isXperia in late 2018.
Jensen’s LinkedIn has him in that role until November 2021, after which we have Real Rise Academy.
Both Direct Cellars and isXperia have monthly membership business models. There’s a definite theme to the type of MLM opportunities Jensen gets involved in.
The last thing I want touch on is Real Rise Academy’s refund policy:
Real Rise Academy products and services are educational products that include digital and online interactive training content for analyzing, learning & discussing general and generic information related to investments and strategies.
We Guarantee Your Satisfaction. The best just got better! Though it’s very rare but if for any reason you are not satisfied with your purchase we want to know about it. We stand behind our products 100%.
We guarantee the quality on everything we sell. If you think something doesn’t match up to our description of it, return the unused portion for a 100% refund or exchange, the original shipping & handling charges are non-refundable.
The offer is void if product is more than 50% used.
As far as I know, Real Rise Academy don’t sell any physical products – meaning this is a copy+paste job from somewhere.
The long and the short of it?
If someone approaches you about Real Rise Academy and can’t provide you evidence of consistent cash-flow through forex trading, you’re being pitched on a pyramid scheme.
Update 22nd September 2022 – Peter Jensen appears to have already moved on to ResClub.
Wow! How do you get these updates as quickly as they appear on the net. I nearly joined this project some days ago until I decided to do more research.
I would be glad if you give a hint of your source of info.
Not sure what you mean by updates, this is the first time BehindMLM has covered Real Rise Academy.
Vargas flipping the bird, the tats, the getting beaten up stories and the fake humility, all give me the vibes of a certain Bulgarian crypto bro involuntarily currently in NY. This isn’t the first time
Raphael Vargas (Real Rise Academy) is not to be trusted. Thank you for exposing his dangerous business practices I appreciate the opportunity to share my side of the story.
First, I do not work as the Compliance Officer for Real Rise.
Raphael Vargas was referred to me by Attorney Steve Richards (not Mr. Vargas’ lawyer). On July 19, 2021. Mr. Vargas and I entered into a contractional relationship, for my company to set up his Compliance department.
Mr. Vargas has an inflated ego and thinks he knows everything about MLM and Compliance but had no idea how to run a successful MLM. He was unprepared to open the door, but he had done so fueled with hyperbole, flash and lies.
Already in a shaky position, he came to me without a legal team – moving full steam ahead with an illegal compensation plan.
He did not have any accounting or auditing set up for funds he was generating. I referred him to the leading Accounting service in the industry and he blew them off.
He did not have MLM software. I introduced him to his current software vendor.
On September 30, I sent a memo stating I would resign unless he hired a legal team, within 30 days. A few well-known MLM lawyers had already turned him down.
I found one that would accept an introduction to Mr. Vargas. When the appointment rolled around Raphael was a no show and sent an underling to meet the attorney.
On Oct 11, 2021, Mr. Vargas insisted that we take a month off from our Compliance contract, with NO further compliance actions and no contractual payment.
He repeatedly said he needed to raise money for the company. But most importantly, I knew he wanted me to stop investigating and advising him on what he was doing wrong with his lack of Compliance efforts.
On Oct 26, 2021, I officially terminated our Service Agreement in writing. At that time, I notified Raphael directly that he may not use my photo. It had been posted by Mr. Vargas’ former assistant, Roy, without my permission.
I soon discovered that he also inserted my photo on his PowerPoint opportunity slides as his (spelling) Cheif of Compliance. Go to RealRiseHub.com look under resources and then look at the Real Rise Presentation, my picture is within the first 7 slides.
On October 27, 2021, a Cease & Desist letter was sent from Dempsey, Roberts, & Smith, my attorney. I have since made numerous written attempts to pull the photos. I request your immediate assistance getting my picture off your website.
I have NO current affiliation with Real Rise. They are not authorized to use my picture in any manner.
I was worried that Mr. Vargas was breaking regulatory guidelines, and was not cooperating, so I exited from my arrangement with him and Real Rise. His company is held together with lies and deceit.
On the other hand, my company spends all day, every day trying to stop these kinds of compliance issues and provide reliable compliance education.
I’m waiting for the SEC to stop him. He must be stopped from hurting people.
Watch out Raphael Vargas, they are coming to get you!
Sorry to hear about your situation Donna. Unfortunately I can’t say I’m surprised.
Can you confirm there’s no automated trading going on behind the scenes? I didn’t see anything that would trigger a potential FTC/CFTC investigation. FTC maybe.
Your photo appears in the one executive marketing slide I’ve cited. As you acknowledge Real Rise Academy are still using your likeness to market the company.
I’ll make a note you ceased involvement with the company and sent them a cease and desist right below the image. I’m leaving it up though as that’s the only corporate information Real Rise Academy provide.
I sourced the slide June 2022 so it looks like you’re legal efforts have thus far been ignored.
Thank you Oz, for exposing these guys. I have heard crazy stories about what has been done to affiliates and the losses people have taken from the signals.
I know Donna Marie and I cannot believe the experience she has had to go through.
Signed up for this, didn’t vet them first. Didn’t even see the mlm angle at first.
This certainly isn’t for me, lesson learned and a few dollars lost, hope cancellation is possible without asking AmEx to do it for me.
Another thing that has not been brought up on this page is that Real Rise brought on a guy named Cash or Cuzin Cash.
I met this man at an event and it became well known that he would lie about almost everything in his life.
The stories were crazy and people found out that Cash was manipulating web pages to elevate his binary trading skills.
It is just one more sign of the depths that the people in this company are willing to go to defraud others.
Too many names with too many bad reputations from Ponzi schemes or pump and dumps. Buyer beware.
They’re making their way to Australia. I was so close to joining, they attempted convincing a large group of people (20+) with a “FREE 3 DAY TRIAL” went though the live video chats, encouraged to add/invite more people to the crazy opportunity, even had the chance to meet a ‘Million dollar mentor’ from Miami on the Zoom call.
Throughout the 3 days; she provided videos and taught us how to set up our trading accounts via: MetaTrader4 & Coinbase.
The ‘recruiter’, claimed that she could get herself ‘into trouble’ by providing us with the signals as we weren’t members. It was up to you to use real money or trade on a demo account.
People apparently earned real money which convinced me more but weather they were able to withdraw this is unknown to me.
Those who joined after the trial were given the opportunity to “meet the team” in Sydney they claimed that you only have to pay for flights which you could even earn through trading.
They’re now convincing others with the chance to visit Miami and meet the even bigger team.
– they began asking us to invite more people, when I learned that they are in their position due to compensation (getting others to join) I was instantly turned off and questioned their true intentions and trustworthiness.
– started researching their accounts, “mentors”, Real Rise Academy and was not getting many questions answered
– a lot of their “lavish lifestyle”, is created, they present you well laid out videos and photos with appealing cars, holidays etc. Question your intelligence by saying you could have this life too if you just do what I did, stop working that 9-5, talk down on your ‘regular’ life
– they’ll claim to have made so much money within months but also not to only rely on only on trades, once you join they want to teach you about affiliate marketing, forex, Airbnb, hiring out cars etc. – I now believe that they either lied about their earnings or actually tricked that many others into joining to get to where they are
*** Save yourself some time and money, when someone approaches you with this opportunity to become “rich”, financially free, leave your 9-5 etc.
Don’t give them your time; You’re just another member (number) to add to their pyramid scheme and profit off ***
I don’t know about Vargas. I can tell you about Archie though. I was hired to put turf in at his house and I seen this GoLongFx on everything.
We couldn’t figure out if he played football or his wife played soccer. So I googled it. Gooooood DAMN wasn’t expecting to see that.
So next time I seen him outside I got in his ear about it. Guy is cool. takes a little time to explain the game showed me his trade history on his meta account on his phone and scrolled it.
Damn Near all BLue just a couple reds. Said all that to say Ive seen how he’s living I’ve seen with my own eyes how he’s doing it. Guy was 100% transparent no hidden gimmic or pyramid talk.
If Archie is attached to it you are going to succeed in the forex market.
I came across this post looking for a link to sign up for his GoLongFx academy. I finally saved up something to work with and Archie sold me on it without even saying the firsy word.
I’m bummed I read it’s not up and running anymore. Don’t know what Im gonna do now.
Yeah makes you wonder if Archie was such a trading genius why GoLongFX Academy isn’t around any more hey.
You got rolled. Consider yourself lucky you didn’t sign up to lose money.
Be thankful for not losing your money to that guy. Con artists are really good at coming across as stand-up, transparent, hard-working, kind, yada-yada. That’s why they’re called “artists.”
Keep your eyes a bit wider open next time and don’t let yourself be taken in again by a slick-talking hustler.
All blues and hardly any reds? Doesn’t happen in real life, but is easily faked. Ask Bernie Madoff.
Oh, you can’t; he died in prison, after being put away for faking returns in a massive con game.
Making a note of this here because it initially got me:
On September 21st the SEC sued Rafael Alberto Vargas Gonzalez for running EmpireX, a $6.6 million Ponzi.
sec.gov/litigation/litreleases/lr-25845
I initially ran with this being Real Rise Academy’s Raphael Vargas, as both are based out of Florida and EmpireX fits in with Vargas’ branding.
Turns out they are two different Vargas’ (first name spelt differently).
I was surprised why we hadn’t come across EmpireX and having looked into it I believe it wasn’t MLM.
On the topic of Real Rise Academy, websites are offline and socials were abandoned in July 2022. Vargas has also deleted his cited Instagram account.
As far as I can tell, Real Rise Academy has collapsed.
If you look into Raphael Vargas he actually has been running with 8000 affiliates the ERC program ercstraightline.com as well as he is running his Forex Automation.
He is also using realwealthmastermind.com now to get people to pay for 15k to learn how to sell his Forex Automation and get people funded accounts with Juan Mancera and AOSfunded.com
They also are getting people who font have the money for his Mastermind 0% 15k loans to pay back in 6 months guaranteeing them money.
Basically they are tea hing them to sell there products and find them more clients and pay them 1$15k for this.
I tried ERC 8 months had 200 people doing it for me and made nothing. Hard to trust them again but do what you wish with this info.
Research and add more to this. Not sure what will happen but they are living in a 10,000 sqft compound and his 2nd one in 9 months.
He said his IG got shut down so he had to leave that place because he wasn’t sure how it was going to make money without IG I think that’s BS but not sure where all the money is form guess enough fall for scams