Profits Unlimited Review – Paul Mampilly Scam?

Profits Unlimited is a popular investing newsletter from Paul Mampilly.

He claims it will help you find 'innovative companies" that are about to experience growth.

At the end of the day Paul is promising big returns.

Can you believe him or is he a scam artist?

Well you'll get an answer to that in this review.

In addition you'll seem some important background information, an overview of what you get and a look at the price.

You'll know if Profits Unlimited is right for you by the time you're done reading.

Let's get started!

3 Things To Know About Paul Mampilly

If you search for a review of Profits Unlimited you'll see the same facts about Paul repeated over and over.

But these reviews are just copying what's in Paul's bio.. they're not actually looking into his past critically.

I'm not just going to repeat things Mampilly has said about himself.

Here's what I think is most important to know about Paul Mampilly:

1) I Can't Verify Any Of Paul's Claims

Paul Mampilly's bio is very impressive if you read it.

He claims to have run hedge funds, been a portfolio manager overseeing billions in assets, won investing competitions..

But there's one problem with this.

There's zero proof any of his claims actually happened.

One thing you should NEVER do is trust the word of these financial gurus.

You wouldn't believe the type of characters I come across being promoted as experts.

For example, one guy of the most famous newsletters is run by a guy who is kicked out of Wall Street for life.

Another one of the big faces recently got out of jail for real estate investing scams.

This industry is full of the worst people imaginable.

Despite Paul's glowing "resume" I can't prove any of it is real.

He claims to have been a portfolio manager for a company called Bankers Trust Company.

To be a portfolio manager you need to pass exams and register with a regulating board called FINRA.

If you manage anything over $25 million you have to register with the SEC as well.

Paul claims he helped grow the hedge fund from $1.3 billion to $5.8 billion.

You can look up everyone that's registered with FINRA and the SEC.

When you look up the name Paul Mampilly nothing comes up, however:

So no proof Paul ever held any of the positions he claims and there's no proof he passed any of the exams to hold the positions he claims.

There's two explanations for this.

1. He's lying about his past
2. He's using an alias

Many people use an alias once when they start writing on the internet.

It can be to hide some uncomfortable truths in a person's past or it could be for privacy reasons.

Like I said earlier, though..

You never give these people the benefit of the doubt. 

2) Paul Wrote For Agora (Not Good!)

Another red flag in Paul Mampilly's past is he worked for many newsletters owned by Agora.

Agora is the biggest financial newsletter distributor in the world.

You might think this is a good thing about but it couldn't be further from the truth.

This company has some of the most fraudulent financial products out there.

They're so bad they had to pay millions in fines a few months ago for ripping off senior citizens!

Agora sells health products and even got in trouble for selling phony diabetes cures. 

This company regularly hires legitimate criminals to sell newsletters and the sales room for them reminds me of an old school boiler room.

Customers are constantly complaining about random charges on their credit cards when they buy from them and support is nearly non-existent.

The newsletter Mampilly ran for Agora was called FDA Trader and it apparently wasn't a good product.

Here's a few comments of people talking about how they were losing money with this newsletter:

There's a lot more comments you can read here as well.. most are pretty negative.

He also worked for another Agora owned publication called Stansberry Research.

I've reviewed some of their services in the past as well and wasn't impressed with them. 

3) I Have Concerns About Banyan Hill

Paul Mampilly now works for Banyan Hill which publishes a bunch of investing newsletters.. I believe he's been here since 2016.

This is actually the first product I've reviewed from them but I have my concerns about how legit Banyan Hill is.

The reason is they just hired a financial scammer named Andrew Keene. 

Andrew Keene is someone that I came across years ago and he worked for an Agora owned publisher called Money Map Press.

Then he was selling a service that he claimed could detect insider trading.

It's complete nonsense of course and the price tag was several thousands.

I knew it was 100% a fraud because Andrew was using faking testimonials on the sales page.

This is directly from the old sales page for this product:

However, if you do a reverse image look up for each of the pictures you'll see they're just actors:

Only a fraudster would pull a move like this.

Additionally, Andrew claims he got his start at Botta Capital which was shut down by the government for scamming its customers.

You have to understand the goal of these publishers isn't to find the best stock pickers - it's to find people that can sell newsletters.

Keene may be a scoundrel but he can sell a newsletter.

The reason I bring this to your attention is Profits Unlimited is a cheap product.

It's meant to be the product that gets you in the door.

Once you buy you'll be bombarded with offers to buy more products from Banyan Hill every single day.

And many of these offers will be to join Keene's new services.

Avoid them.

Recommended: The Best Place To Get High Return Stock Ideas

Paul Mampilly's Track Performance Is Pretty Good

I can't tell you how every stock Paul has ever picked has performed.

However, every once in a while Paul will run a big marketing campaign teasing a stock pick.

This acts like a sweetener to get you to buy Profits Unlimited.

These picks are supposed to be the best Mampilly can offer.

Here's how they've performed in the past.

Virgin Galactic, 3D Systems And Microchip Technology In January 2021

This teaser ran in January 2021 and was titled "Three Hottest Space Stocks To Buy Right Now."

It all revolved around three stocks that Mampilly claims will help get Americans to Mars and might be "the biggest investment in history."

The stocks are Virgin Galacics, 3D Systems and Microchip Technology.

Here's how they've performed since the campaign was released:

At the time the stock was around $34 and now it's $9.74.

This is a big time loser right now, although, it was up big in June 2021.

If you held on to the stock you're down significantly right now.

Next up we have 3D Systems:

This is another that's down pretty big.

Since being recommended it has lost about half its value and has no signs of recovering.

Last is Microchip Technology:

This one has stayed pretty even so far and is up a little over a buck.

These are stocks you're supposed to hold for a while so they still need time to fully mature.

However, this campaign doesn't look great at the moment.

Rambus In December 2020

Another campaign Mampilly ran was titled "These Warehouses Hold The Key To A Potential Multi-Billion Dollar Revolution."

Mampilly claimed this stock is the most important technology since the internet and was only $15.

The stocks name is Rambus which is a computer company with various patents involving computer memory. 

Here's how the stock has performed since December 2020:

This stock has performed very well and has almost doubled since this teaser started running.

AMD In July 2018

This was a long running ad from Paul Mampilly and it went for many years, starting in July 2018.

It's very similar to the campaign you just saw and this one was called "Warehouses Hold Key To $3.Trillion Revolution."

The stock being teased is AMD.

Here's how it's performed since the first time this campaign appeared:

Can't really do much better than this!

You could have bought this stock anytime between 2018 to 2020 and would have done well with it.

Ormat Technologies In Early 2017

In early 2017 Mampilly started running a campaign called "Untapped Ocean Energy Found Under All 50 States."

This stock ended up being Ormat Technology.

Here's how it's performed since the launch of the campaign:

The stock has done reasonably well and for a short time in 2021 was up pretty big.

Overall Paul's stock picks do well with some stinkers in the mix, as this customer points out:

Recommended: The Best Place To Get High Return Stock Ideas

What Does Profits Unlimited Offer?

There's a few different components to Profits Unlimited.

Here's an overview of each section:

Monthly Newsletter

Every month you'll get the Profits Unlimited newsletter.

This is an in depth report that's usually around 8 pages long and focuses on a new investment idea that Paul likes.

Additionally, you'll get updates on the portfolio and a look at the market.

Sometimes moves need to be made before the newsletter comes, though.

There's alerts that get sent out in case you need to sell a stock or make a move.

Model Portfolio

Another thing that's nice is you get access to the model portfolio the second you sign up.

This means you'll have plenty of stocks that you can invest in right away.

Along with the stocks you'll get price targets, profits and more important information.

You'll also get to see how well each stock has performed since they were recommended.

Weekly Updates

Along with the alerts you get weekly updates.

This is done in the form of a video podcast and goes out every Tuesday.

You'll get updates on your investments, a look at what's going in the market and more.

Special Reports

Lastly, if you sign up for the premium subscription you get access to a bunch of special reports.

These special reports are the teaser stocks I mentioned in the last section and they're constantly changing.

Right now the reports are:

• $51 Trillion In Endless Energy
• Blockchain Fortunes
• How To Ride AI's 76,000% Surge To Massive Profits
• The Insider Code To Stock Market Riches
• 3 Stocks To Retire A Multimillionaire
• 3 Ticking Time Bombs To Avoid

Profits Unlimited FAQ's

You might still have some questions about Profits Unlimited.

Here's some answers to any remaining questions you might have:

1) Is Paul Mampilly Legit?

You can't really tell because you can't verify anything he says.

He makes a lot of different claims but he doesn't show up in FINRA.

This means he's lying about his past or he's using a fake name.

If he's using a fake name you'd have to ask why that is.

If it's just for privacy reasons and he actually has done everything he claims (just under a different name) then it's not that big of a deal.

However..

You can't trust these guys.

Paul does seem to give pretty good stock picks but I'd need to know more about his past before saying he's legit or not.

2) Is The Price Of Profits Unlimited Fair?

There's two different prices for this product.

The first is $47 per year and the second is $79 per year.

The difference is the more expensive subscription comes with a bunch of special reports.

To be honest I think both prices aren't bad and either is fair for what you're getting.

However, just recognize this is all part of a larger sales funnel.

Once you buy Profits Unlimited you'll be pressured to buy newsletters that costs up to tens of thousands of dollars per year.

Those expensive products aren't worth it in my opinion.

3) Is There A Refund Policy?

There's actually an excellent refund policy.

You get 12 months to test out the newsletter and if you're not satisfied you get a full refund:

BUT..

There's a little more than meets the eye with this guarantee.

The more expensive products offered at Banyan Hill don't have money back guarantees.. only the cheap ones.

For example, another one of Paul's services cost $10,000 and there's no way to get your money back.

Profit Unlimited is only $47 to $79 so getting that back isn't that big of a deal.

4) How Much Do I Need For Investing?

I think having around $25,000 for investing would be a good idea.

Once you sign up you get access to an entire portfolio which will have a lot of stocks to invest in.

You won't want to invest in them all but you might like 10 or so.

You should have around $10,000 for that.

Additionally, you should have at least $1,000 for each pick Paul gives you every month.

That's around $12,000 you'll need per year on stocks.

5) What Are Customers Saying?

Overall I'd say Profits Unlimited is one of the more positively reviewed newsletters from a customer standpoint.

For example, over a 1000 people reviewed this course and the average score is a 4/5:

That's a very good score.

Most customers point out there's some losers but there's more winners.

I'm actually impressed by the amount of people who claim they're up since joining.

Recommended: The Best Place To Get High Return Stock Ideas

Profits Unlimited Conclusion

This is one of the more interesting reviews I've done in a while.

I say this because I think Profits Unlimited is a good service and worth the money.

However, it just comes with so much baggage that it almost makes me want to not recommend it.

The biggest piece of baggage is that it's sold through Banyan Hill.

I haven't really dug into this company too much but they recently hired Andrew Keene which is a HUGE red flag.

That guy is a verifiable scammer and has been for YEARS.

I know how the marketing at these newsletter companies work.

Profits Unlimited is cheap but the other products aren't. You will be pressured to buy these other products that cost tens of thousands of dollars.

You'll be pressured to buy products from Andrew Keene.

My advice is if you're interested in Profits Unlimited just buy it but nothing else.

I don't care how slick the marketing is for the other services.. resist the urge.

Don't buy anything else unless it comes with a good refund policy and don't buy anything from Keene.

I'm not sure about the other guys at Banyan. I intend to review all of their products but it will take time.

Once I have a better idea of who the rest of the characters at Banyan are I'll update this section with who to trust and who not to.

Here's A Better Opportunity

Profits Unlimited is a good newsletter but there's better out there (and ones that don't have the baggage of a bad publisher).

I've spent months reviewing all the best stock picking services.

To see my favorite (which is very affordable), click below: