Review by Dave "UPS" Brown, October 4, 2009

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Richard Fisher - Leakedstocks.com

Ok, I know you have seen them, those advertisements on yahoo and google claiming things like “The Company that has Bill Gates Scared”. Well all of those send you to leakedstocks.com where Richard Fisher tells you he runs a stock newsletter that costs $12,000 a year but sign up and he will send you the next four picks for free.

Well, I signed up, and about a week later an e-mail came to my inbox telling me to buy MTCH.OB that week. I decided, what the heck and dropped about 1,500 in the pick on a Tuesday….tried to get in on Monday but it didn’t hit the price I had set. Well, I watched it go up for the next two days and then sold on Friday for a 17% gain. not bad at all, but if I hadn’t been watching I would have let it sit as he predicted it would triple in price or he would quit picking stocks.

It didn’t triple, I was reading daily on the stock and posters were quick to link articles about their management team, which had run a lot of pump and dump companies over the last decade. I used caution and took the small gain…glad I did as it crashed the next week and now sits around .23, lower than what I bought it at the week prior.

Also, if you read the fine print of his e-mail….he was paid $250,000 by a third party to promote MTCH.OB. Not what you like to see. Anyway, I was still trying to understand how he does what he does so I signed up my wife’s email account and a friend’s e-mail about 2 weeks after I did.

This is where it gets interesting, the next stock pick is being announced but I noticed in my first account the e-mail came that the stock would be announced Oct 6, then at the same time the e-mail came to my wife’s account and said Oct 7. My friends account also had Oct 7.

So what is Richard Fisher doing? As you sign up, you are grouped into a distribution list and then he layers his “stock pick” over the course of 1 to 2 weeks to these lists,, each one thinking they got the “hot” pick that day. There were 8 “hot” days of MTCH.OB trading so you would think that people received the e-mail at least over a 5 day period, of course the stock “dumped” after people quickly got out.

I am assuming what he is doing is legal, as it is just a stock “pick” not a bonafide analyst BUT it is very fishy. He never says that he trades the stock, he just says that he is paid to promote the stock. This next one also came with a promise that if it didn’t triple in price, he would quit as a stock picker…..I highly doubt it.

Also, his pitch and fine print are identical to a guy that did the same thing about a year ago, inboxstocks.com but if you try to sign up on that page now, it errors out. Maybe the same guy using a different name and website.

Does anyone else have experience with this? If so, please post here or e-mail me directly.

I plan to see how the next pick shakes out and I will historically look at the volume of the pick to determine where I am in the “grouping” of lists.

More to come but I have found no other blog on the Internet fully analyzing leakedstocks.com or Richard Fisher. Please tell others and e-mail this link it if is useful to you.

My full article on the subject: http://tradingstocksplits.blogspot.com/2009/10/review-of-leakedstockscom-richard.html

Review by TonyC, October 18, 2009

I would like to contact the proper legal web-site watchdog group to cancel, bann, or restrict Richard Fisher from his bait and switch registration tactic by providing a news story you might be interested in, but when you click on it, it takes you to the Leakedstock.com scam and automatically registers you for his tips that you might not want. Not to mention he provides a dummy Opt-Out e-mail address that doesn’t work. Please help me, or let me know how we can STOP Richard Fisher.

Review by Joshua Tan, October 29, 2009

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This is a pure scam, period. The stock picker
would not use the real name and makes a lot of
dubious disclaimers - in small print.
Do not fall prey to this scam.

Review by Recent subscriber, October 30, 2009

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There is no customer support in this case. This is scam
service, a pure pump and dump scheme. Better avoid.

Review by NA, November 2, 2009

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I’d rather not give any stars to this scam, but I gave 1s across the board to at least show an effort to rate it…

I was curious to see how Richard Fisher’s approach worked, so I read the teaser e-mail (…people pay $12k to subscribe!…), signed up for a “free trial”, got the name of the next pick, and bought a small amount to see what would happen. The stock pick was Blackhawk (BHWX), a lithium mining company, and got a flurry of e-mails guaranteeing the stock would “triple in 5 days or I will retire as a stock picker.” The stock did indeed grow by over 50% within a day, but then steadily retreated. For the first 2 days I received update e-mails touting the incredible stock price appreciation, with promised that “this is just the beginning”. However, by day 3 or 4 the stock wasn’t moving and I got a new e-mail from Richard saying that he still believed the stock would triple, but that it would now take 10 days; therefore, he was adjusting his “promise”. For 1 or 2 days after that I got additional e-mails touting the stock and reiterating his “guarantee” that the stock would triple within 10 days (no mention of the fact that he had unilaterally changed the guarantee from 5 days).

Well, a week or so later the stock is now down from the initial price following the initial “recommendation”, the e-mails from Richard have stopped, I have unsubscribed from Richard Fisher’s scam service, and I have experienced a classic “pump and dump” scam from the inside.

As others have noted, there is a small print disclaimer with Fisher’s e-mail that notes he was paid quite a bit of money to market the stock, and that neither he nor anyone associated with him is in any way qualified to recommend or trade stocks.

In short, not only is Fisher (or whatever his real name is) a crook, but any company that pays money to be represented by his service is clearly ethically challenged as well. Needless to say, I wish nothing but economic misfortune on Blackhawk and any other company that paid shareholder money to perpetuate this type of scam.

Review by Amazin, November 5, 2009

Fisher is a crook, out and out.

He touted Black Hawk on the 23 of October, saying it would triple in three days or he will quit. He said it would open at 140. I bought. It opened at 1.5753 and promptly dived. I am here because I have just received this -

“Congrats to all who profited on last week’s stock pick.

The stock rocketed up high, and is continuing to forge upwards all this week.

But…

This is a quick email to let you know…

Yesterday I stumbled upon what looks like another remarkable
penny stock. etc. ”

Now, I don’t happen to like lying shiesters, so I wrote:

“What are you talking about, you pig? Your pick dived from the word go, and you know it. If they find you and break your legs, you have only yourself to blame.

Thanks for nothing, you crook. ”

Unfortunately, his email does not receive, but he might read it here. He belongs in jail, and if I can help in any way to send him there, let me know. I have copied and kept his emails as evidence.

I think his racket is to collapse a stock, then buy it at rock bottom and double or triple his own money in a day or too.

Jail for him, not stars.

Review by Joyce, November 10, 2009

Rating should be below zero! What a scam Richard Fisher is. I sent a complaint to FINRA and SEC. Maybe if they get enough, they will do something. I should have read the disclaimer more closely before buying. He could have easily retired after receiving $3,500,000 for recommending the stock. His emails stopped regarding BHWX but he was at it again this week with another recommendation. When I replied that he was a fraud, I didn’t receive any more emails.
See: http://www.finra.org/Investors/ProtectYourself/p118636

Review by MrBill6666, November 12, 2009

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I reiterate what NA said about BWHX. Once the stock didn’t perform the way he said it would, then the ‘personal’ emails stopped. But now I see advertisements for the stock, touting how well it will perform and that it is not too late to buy it, within streetauthority.com emails. Well if he said he would retire from stock picking, then why didn’t he send us all an email saying so, instead of another email starting this scam all over again. Sigh!

Review by Kim, November 14, 2009

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I cashed in half of my porfolio where through the entire down turn I had been up 1000% by following my own research. I decided to gamble and buy in. However I didn’t initially buy BHWX because I was unable to login to my CPU due to my type of work. I watched an knew that Fisher was talking about AMLM American Lithium, but it crashed along with BHWX, so I took my first hit with AMLM so when I got back to my CPU I sold it and bought BHWX. This was even a bigger mistake because it plummeted and plummeted to the point of no return. I lost 50% of my porfolio hoping the stock would rebound.

WE’VE BEEN HOODWINKED, BY A REAL SHIASTER. Fisher continued to send emails; first acknowledged the 16% hit that the investors had not even began and would be about 10 days. The 10 days have come and gone. After considerable loss he exuberantly claimed the stock had been rising and hoped everyone enjoyed their stocks gains. GO FIGURE, WHAT A SCAM!

Review by bart goble sr, November 18, 2009

This is purely a scam from the jump, I was very skeptical from the begining, I invested minimal amount of money and promtly lost half !! Rich!! If thats your name!!I hope you lose all functions and can only move your eyes!!, Sooner or later. What goes around come around!! Would love to meet you one day!!!! As for a rating? how about rat!!!Shame on you. Especially if older people on fixed income have lost money to you

Review by Nick, November 18, 2009

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A total sham!! this guy operates multiple websites & names and he just keeps closing the older ones when enough people find out. Another one which I strongly believe is run by him/them is contrarianpicks.com. Stay away and protect your hard earned money.

Review by I was Screwed, November 18, 2009

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Richard, I am not man i am just very upset at you and all the BS you are sending out,I was Going to buy BHWX for $4000 and thank G-d i didn’t because something stopped me i am not sure what it was, i only put $1100 on this stock now it is 68.07% loss and I think i learned my lesson at a very expensive price but i did, “Never never take advice from anyone.” U want to play with stocks invest the time and effort and then you might make profit, no easy way out.

Review by David, November 20, 2009

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I don’t know if Richard Fisher even exists, or of he is honest & just made a mistake with his recent pick of BHWX. I bit & wish I hadn’t, but a reminder to be cautious & take responsibility for your own screw-ups.

I am thinking of taking a new position in that pick @ roughly 1/3 of its price when he reco’d it several weeks ago.

Anybody have intelligent thoughts on “Mr. Fisher” or on what appeared to be an interesting play in BHWX?

Review by Vincent, November 21, 2009

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I don’t need to say anymore about this crook.
People have said enough. Now, what can we do about
it and what can we do for other people? This
crook continues to use other names and websites
for the same kind of scam. For example, the ad
that starts with “the stock that terrifies Bill
Gates…” is from the same person (or company).
They use almost the exact words (word by word,
seriously, I checked) in the disclaimer section
(in small print, of course).
Can anyone start a class action agaist this guy?
Maybe we can recover some of the money lost?

Review by Joyce, November 21, 2009

Overall Rating
Performance of Picks/Advice	Not Rated
Consistency	Not Rated
Interesting to Read/Educational	Not Rated
Customer Service	Not Rated
Value for the Money	Not Rated

I said in my post of Nov. 10 that I stopped receiving emails from Richard Fisher after I emailed him that he was a fraud. But I have begun receiving them again. He is pushing another stock and saying he will retire if it doesn’t triple in 14 days. I urge all of you to report this to FINRA.
See: http://www.finra.org/Investors/ProtectYourself/p118636

Review by Evelyn, November 21, 2009

leakedstocks.com
Richard Fisher should go to jail for fraud !!!!!!!!!!!!!!!!!!!!

Review by Joe, November 24, 2009

I would rate him a zero, and that includes as a person. I use to raise money for small cap and OTC and pink sheet companies years ago when Reg S was different. Back then a company could raise money at the beginning of a quarter and not tell their other stock holders until the investor (which would be outside the country) already had a chance to begin to offload their shares. They would sometimes short the stock, also, because they knew once the original stock holders got wind of an equity (or debt) investment that their shares would be worth less. THe SEC closed this loophole so what you are seeing now is this type of advertisement which I believe is at least misleading. When I looked at BHWX it looks like it went public in October - (when you look at historical pricing there are no figures before the 9th, although SEC quarterly reports go back to Oct 08) - just when Fisher touted it as a stock pick. You will also notice that they announced an Entry into a Material Definitive Agreement, Unregistered Sale of Equity Make sure you read that. I do not know for sure, but if they are hiring this firm just to raise the stock price to get their capital at others expense, if this is only unethical. It is possible the SEC would like to know what BHWX knows about this type of misleading advertising. And of course this is my opinion and 2 cents

Review by Joe F Smith, December 3, 2009

I think that the way this crook, Richard Fisher, makes money is this: step 1 - he identifes a stock as his potential tool; step 2 - he chooses a date of his pick; step 3 - he gets as many small investors’ attention as possible (every one would be ready to become his victim) by telling you that on such a date you will receive his pick; step 4 - he then buys a bunch of the stock right before he makes the announcement; step 5 - when you all buying his pick (which pushes his pick up quickly), he then sells all his stocks by the end of the day of his announcement.

I’m sure that the real person of the fake “Richard Fisher” will go to hell after his long jail time!!

Review by sdmy123, December 3, 2009

Zero rating. NEVER EVER BELIEVE THIS GUY. SCAMMER!

Review by Ray Kraemer, December 5, 2009

I’m writing about Richard Fisher. I bought BHWX per his reco at $1.65. It is now at around .63 cents. So I bought right when it started coming back down. I’m still holding it. But he is an absolute fraud. How do we stop him?

Review by Monty, December 10, 2009

—– SCAM SCAM SCAM —–
No $$$ invested from here…but have been following emails and recommendations from this supposed person named Richard Fisher…sort of a morbid curiousity, I suppose…

My primary confusion —– why is this person not behind bars yet???

In Nov he named Blackhawk to triple in price, after which it rose 60-70% (where he probably cash out), then dropped to 1/2 (where he probably bought back in)….and, now in Dec he has the nerve to hype the very same stock with the same old “triple promise”, so that he can cash out at a handsome gain while his “clients” ride back down to the bottom.

DO NOT THROW ANY MORE MONEY AT THIS UGLY CROOK…. LOCK HIM UP!

Review by Star.Flyr, December 10, 2009

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I suspect the Richard Fisher stock pick is a bit of a scam. I too got on his list. Last month he came out with his BHWX pick. For a reason I can’t remember, I didn’t get in at the opening bell. The 1st day the stock went up around 50% ($1–>around a $1.50 or so). I decided to take a “flyer” at $1.50 and the stock continued upwards to nearly $2 before starting the slide back. I ended up getting out at around $1.40 or just about a $100 lost (500 shares).

Last week the his rumor mill started up again with a new stock promised on Dec 9th. On Dec 8th, he sent out a letter stating that the stock was being advertised in the WSJ and USA Today previous Friday’s edition. So I went to my local library to look at the previous Friday WSJ edition and found the advertisement he mentioned in his letter. To my GREAT SURPRISE, it was once again BHWX! Just before the close on Tuesday I put in for 500 shares at 80 cents per share. Sure enough, the next day (Dec 9th), he sent out his flyer stating that his pick was indeed BHWX without mentioning that he touted the same stock the previous month.

With nothing better to do, I bought another 500 shares and today it rose to around $1. I do have my stop in at 90 cents and plan to mess around with the stock at least through Friday.

The strange part of his current pick is that on Tuesday, the stock rose 10 cents after flatlining around 70 cents for several days. I suspect either a lot of people saw the article in the WSJ earlier in the day or got an early tip that the suckers would be coming in the following day.

I don’t believe for a minute that this stock will triple in any reasonable time, but it may spin on a little profit for a couple of days. That’s why I will be out of it later tomorrow.

Review by Lok, December 16, 2009

Damn, I Wish I’d seen this site a few days ago.

I’m long 2000 shares at 0.95.

Wil set a limit order to get out at $1 for a small profit if it gets hit, fingers crossed tomorrows a pump day, not a dump day.

Review by Matt, December 22, 2009

The Leaked Stocks newsletter and four free picks are a scam don’t fall for it. Richard Fisher is a real person who is chairman of the fed in TX but the man who writes this newsletter is not him! The stock pick I got BHWX, on two occassions now has tanked every time and is worth half what I paid for it. This is a complete lie, he won’t retire and may not even be a real person. The ads are faked and if you follow this advice you will surely lose money.

Review by Person who reads t&cs, December 24, 2009

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Obviously you should never use this kind of site and, if you do, read the terms and conditions! The document refers to Richard Fisher as apocryphal ie. non-existent. It also says, in legal-ese, that all the information that they refer to as fact or true is not to be taken as that because it is not. It goes on to say that all references to the performance of a stock is in fact hypothetical - it actually is slightly worse than that because they say that when they say a stock performed well in the past, they are not referring to its actual, real-world performance but rather to how they imagined it had done. In essence the terms and conditions say “all content in this site is incorrect and you should be prepared to lose your money when you invest according to it”. The money making side of the operation is explained thus: “Is [sic] should also be noted that if you do choose to pay for a subscription to the apocryphal Richard Fisher’s email newsletter, the newsletter does occasionally accept compensation from publicly traded companies for advertising purposes.” One should take the precaution of interpreting this as “we get paid by companies to promote their stock to you”. As always, caveat emptor, but ultimately if you lost money to this or any other of the ‘Richard Fisher’ sites it is YOUR fault for being greedy and believing in free lunches.

Review by D.J.H., December 29, 2009

“John Meriwether”, New name, same scam….

Review by TomN, January 12, 2010

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Hey you guy’s that got screwed by Fischer or whatever the heck his name is. I to got hooked by bhwx but got out with my skin or at least most of it before I realized he was working the game. The SEC might be interested in this and go after bhwx and fischer if we get some complaints going their way.One avenue is http://www.sec.gov/edgar. Pretty interesting stuff. Good luck and lets hang the bstrd.

Review by Dave "UPS" Brown, January 15, 2010

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Thanks everyone who posted! I totally agreed and as I researched his picks more after MTCH and BHWX it was obvious that he has groups of e-mail addresses that he sends out on each day culminating mid week with the largest group.

He pumps and then dumps and it all comes crumbling down. It is sad to see. I have no idea why they haven’t locked him up.

I appreciate everyone commenting though. Sorry about my blog address in the original post, I was going to continue to research scammers like this but decided to simply report on this website as it has HUGE readership.

If any of you are interested I have followed another blog: allallan.blogspot.com for several years and if you really want to learn about technical trading, this FREE website has loads of info.

UPS

Review by stupid enough to fall for this, January 25, 2010

Thanks, Gumshoe, for providing a forum here. I only just now was intelligent enough to google BHWX, where “scam” immediately came up after it. This was the site that convinced me to immediately sell my shares. Of course, I’ve lost over 50% already. Fortunately, it wasn’t a big investment, but I still feel like a fool. I suppose nothing more needs to be said about this jackass who swindled us. Just a chance to vent.

Review by Macman, March 5, 2010

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Performance of Picks/Advice
Consistency	Not Rated
Interesting to Read/Educational	Not Rated
Customer Service	Not Rated
Value for the Money	Not Rated

The first time I followed his advice, the stock increased nicely over a day or two, up 10% - 15%; then it tanked, took a loss. It seems any increase in stock price comes in the first few days; sometimes only the first day; one case it was only the first few hours. If you want to use his service, get in quick and get out even quicker. My concern is the misleading numbers he often puts out, claiming the stock increased by “X” over a certain time period; in an effort to entice other prospective newsletter subscribers; most of the info on price increases are bogus; the key, always do your due diligence. The only easy ride offered by this guy is an easy ride to the poor house.