Wednesday, 22 February 2012

SOT legal case in California Small Claims Court

SOT Case Details

On the 29th March I was contacted by an advanced member of SOT who was very angry with becomming another victim of their scam. Because this member was living in the UNITED STATES they were able to pursue a case in the small claims court against SOT. This member has been progressing a legal case through the California Small Claims court during the last 6 months and did not want to have details of the case published until they had successfully won the case and received their money back.

On the 22 August 2011 at 10.30am PST the first hearing was scheduled and JJ failed to show up at court. Unfortunately the court did not have evidence that JJ was served notice. Accordingly the court re-scheduled the hearing for the 14 September 2011 at 10.30 am.

This second hearing was also re-scheduled after it was revealved that JJ did not personally receive the paper to appear in court but had somebody else accept the paper. The hearing was re-scheduled once more to be heard on the 19 October 2011.

At the hearing on 19th October JJ failed to show up and the judge requested a number of pieces of evidence to be brought back in front of him.

On the 7th of November 2011 the requested evidence was brought before the judge and the case was reviewed.

On the 11 December 2011 the case against SOT was won, a judgement was received and ruled in favour of the plantiff and granted for the membership fees to be reclaimed against the defendant(JJ & SOT).

SOT was now granted the right to appeal the case judgement. No appeal or response was ever received.

As you can see the legal process has been lengthy but is now complete.

This case paves the way for all ex-members based in the UNITED STATES to pursue a refund of their membership fees. I can provide further details to any ex-member who wants to pursue a claim against SOT, please contact me via email at

To FILE your case and SERVE the Defendant, the price for California is $199.95 which covers court filing fees and defendant(s) serving fees. These court filing fees are added to your complaint against the defendant(s).

Cases can be submitted against SOT here :


  1. We are no 1 small claims filing providers in Western United States since 1993. It includes file small claims, small claims court California.

    1. Thanks for posting your contact details, we already have a few questions coming forward from individuals who want to start a claim.

      -1 How can non US residents process a claim?
      -2 Can the claim be made against the individual involved in this scam, namely Joseph James, as oppossed to the company he hides behind namely, United Business Servicing LLC.

      Thanks in advance for your assistance.

  2. why don't you "Cry babes" watch and study the Entry Techniques video in the "Advanced Course" over and over again where JJ teaches how to use the swing highs and swing lows to get into trades with limit orders, it DOES work,...I'm a slow learner and it took me a long time to "get it",...but my diligents paid off and made me a successful trader.

  3. I would not surprised if 95% of School of Trades ex-members went on to pursue legal action. Because 95% fail. Only a small percentage actually put the time and effort it requires to be a professional trader. And when they fail they feel it is the teachers responsibility. I graduated college with an electrical engineering degree. But failed miserably in that career. Should I sue the college I attended? No. And I still paid my the tuition I owed. And Cry Baby? Oh Lloyd, your the biggest one of all. I have read all your posts on the internet about how you have failed. Everyone knows you failed. You did not fail because of SOT, you failed cause...well many reasons traders fail. Would imagine you did not put in the effort required. That is my 2cents anyways.