The Jarvis Formula is one of the latest entries in a seemingly never-ending flow of online binary option auto-trading scams. These guys are the umpteenth outfit to claim they have found the magic key to El Dorado, and they do it in an entirely unoriginal manner. Nothing about this scam is original…in fact, it looks like a mosaic of a bunch of other such scams, tossed together and blended into a 30-minute long goo, which will drain the very life force out of those unfortunate enough to view it all the way through. The Jarvis formula presentation video goes on and on, sometimes repeating itself needlessly, calling on a whole bunch of entirely unnecessary “testimonials” obviously delivered by a bunch of low-grade actor wannabes. The whole thing is a train-wreck, and it screams “scam” in so many ways, one hardly knows where to begin debunking it.
The video starts out with the all-too-familiar private jet bit. The plane takes off, flies in a circle apparently and lands at the same airport. Then, the main man, Paul Jarvis, gets out and into a luxury vehicle, with fake “Jarvis Formula” license plates. Yes guys, we get it that our main protagonist here is rich… for the love of God, why won’t you settle for a rental car with regular fake license plates? It would be more believable… also, drop the private jet bit as it is… it’s grown really stale.
Uncle Jarvis drives right up to the building which is allegedly where his company is headquartered, and which is apparently a favorite target of such scammers. We have seen this very location used for at least two other auto trading scams. The actors are different this time, but the setting is the same, right down to the conference room where Jarvis’ “Brew Crew” also known as “Some of the Seven Dwarves” is pretending to be working.
As said above, nothing about the Jarvis Formula is original. Paul Jarvis, the head honcho, claims that he used to be involved with trading and that the 2008 global financial crises destroyed his career. He salvaged the team that used to work for him though, whose members were out of jobs too, playing GTA all day… unable to put their phenomenal talent to use by themselves apparently. Along came Jarvis though, to save the day. He whipped the 7 Dwarves into shape and they soon pushed out a trader which was easily capable of winning 95% of its trades.
Already in “impossible feat-territory,” Jarvis pushes things further. Always the ambitious one, he spurs his team to further improve their trading mojo, and soon, they are able to win every trade they happen upon, even those never offered by anyone anywhere. Such is the life of the successful binary options brokers… drowning in money, Jarvis and his Dwarves then decide to spread to love to 50 beta testers, of whom, you, the would-be millionaire, are one. This is your chance to make it big, and you should really join now, as the spots are filling up quickly.
Jarvis runs his software in “demo mode” twice, to show us how much money he can make with it, but along the way – besides making the presentation as boring as possible and nearly identical both times – he commits a few major mistakes. First of all, he uses the same screenshot of the auto trader’s interface they used for the Drexel Code. If the Drexel Code rings a bell, it should: that’s where you have seen Paul Jarvis before, only that time, his name was Cory Drexel…not only have they re-used the software, the re-used the same actor too!
The second mistake is that although Jarvis/Drexel claims he’s leaving the software to trade in auto-mode for 5 hours, according to the time on his own screens, only a few minutes pass between the “before” and “after” segments.
Who exactly is this Paul Jarvis guy though? We know for sure he isn’t who he says he is, and it’s safe to assume he isn’t Cory Drexel either. A closer inspection of the code of the page used for the Jarvis Formula scam reveals though that the video is hosted on the Vimeo account of a certain Mark Doherty, an account which hosts several scam videos in the same vein. Mark Doherty is probably the name of our man here (unless he used a fake one for the Vimeo account too) and not only is he a bad actor, as it turns out, he’s sort of a compulsive scammer too.
The rest of the cast used in the video can be tracked down too, and they seem to be actors residing in the Portland area, so we now have an idea where these scam videos are being made too.
The secretary manning the reception desk, is an actress too. Her name is Jane Bement Geesman, and she too is the veteran of several auto trading scam videos.
The lively young “beta tester” in the red shirt, is Emery Frazier, also a Portland area actor, who advertises his services on q6talent.com.
We then have Kari Montoya, the other lucky beta-tester to be given a giant check, whose real name is Alysse Fozmark, and who can apparently be hired through Arthouse Talent. Talking about giant checks: they too have been re-used from the Drexel Code scam. They are identical save for the actual logo on them, which is now the Jarvis one… nothing a little glue and tape can’t fix.
The older person in the glasses and baseball cap delivering the 4th or 5th unnecessary and totally bogus testimonial is Gary Powell, another actor who’s seen his fair share of scam videos. On his resume, he has a testimonial for the Obcasio Formula scam, as well as the Nesdek scam.
The leader of the “Brew Crew,” or rather, Tudor of the Seven Dwarves, is Eric Newsome, who has pushed the Plenitude Formula scam before, not to mention the Dream Profits bit, where he was known as Matthew Warner. The list goes on and on.
The bottom line is that the Jarvis Formula is a hilarious collection of scam cliches, apparently meant as a parody of the genre… on second thought, maybe these people are indeed serious about this… Let’s not forget that at one point they have the gall to encourage their victims to borrow money from their friends and relatives, to then hand it over to them.
Obviously, we won’t be recommending that you sign up with Jarvis Formula or with any other software that claims it can generate money on autopilot. It is possible to make money with binary options, however it’s quite tricky because there are so many scams.
If your serious about pursuing binary options as a money-making method, I urge you to read our guidelines for dealing with binary options brokers and our binary options tutorial.
Our Binary SCAM Scale (Last Updated: December 20, 2016)
(binary options scams, from the most dangerous to the least dangerous)
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