Is This a Known Scam? Trader's Edge Network and Stock Whiz Kid

[tjlocke99]

I was hunting around trying to see if Jeff Augen was still publishing any articles anywhere. I found from Augen's linked in account and from google searches that Augen appeared to have an affiliation with this site Traders Edge Network:

http://www.tradersedgenetwork.com/

This is run by a "Preston James" fellow. In google searching a bit I wasn't clear if Preston James is a known scam artist? He may not be but there are forums that reference him. Of course the Internet has posting on everyone, so I am not saying those forums are true.

Anyway, I bring most of this up because from this traders edge I then found this association with this "stockwhizkid.com"

To me this seems very shady looking. Advertising doing GOOG short butterflies during an earnings period sounds like the IV collapse we always preach here. Even the example is taken AFTER GOOG's January 2012 earnings were announced.

http://www.stockwizkid.com/thank-you/

The young man who is the "stock whiz kid", Karson Keith's site now seems like it is called "Karson Keith with Jeff Augen indicators"

http://stockwizkid.kajabi.com/user_sessions/new

Does anyone know if this site is legit? It just seems shady and the reason I ask is mostly because I seeking some up to date articles from Jeff Augen.

[cwelsh]

A quick google search leads to half a dozen SEC complaints, amongst many others, about the "kid," his site, and past schemes.

I'm not saying this is -- I'm just saying I wouldn't touch it with a ten foot pole. I haven't dug through his site, but sites like that just give me the shivers*.