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 Ju
🤖 Quick Answer
What was Changes Trading's original business model?Changes Trading originally launched as Changes Worldwide in late 2013, operating as a $25,000 revenue-sharing scheme modeled after the failed Ponzi scheme "Bids That Give." The company subsequently rebranded to Changes Trading and repositioned itself as a day-trading platform offering the proprietary Changes Trading System for trading futures contracts.
Why did Changes Trading rebrand from Changes Worldwide?
Changes Worldwide rebranded to Changes Trading within months of its 2013 launch. The original company had attached itself to an irrelevant dietary supplement business. The rebrand allowed Changes Trading to distance itself from that association and instead present itself as a legitimate day-trading platform with purported proprietary trading systems.
What compensation issue did Changes Trading face?
According to available reports, Changes Trading's owner apologized for payout delays affecting investors. The company faced difficulties in
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