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Is Paul Mampilly A Scam? A Fake? A Fraud? The Real Deal?

Is Paul Mampilly A Scam

Is Paul Mampilly a scam, a fake or a fraud?

That's the question I'll try my best to address in this post.

Online reviews are very mixed: Some people claim Paul Mampilly is a total fraudster, while others swear by his Profits Unlimited financial newsletter and say he's the real deal.

Calling anyone a scammer is a very strong accusation to make but sadly, when it comes to learning how to make money online there are plenty of con artists out there who will do anything to get their hands on your cash and it's almost impossible to know who to trust.

Everything here is my opinion and I'm not getting paid to write this review. I simply say what I see to help readers avoid scams and discover money-making programs that work.

Who Is Paul Mampilly, Exactly?

Paul Mampilly started investing back in 1991 as a hedge fund manager, managing multimillion-dollar accounts for Bankers Trust, Deutsche Bank and ING.

He's been featured on the likes of Bloomberg TV and Fox Business News talking about how he made a lot of money on Wall Street.

As a research assistant and professional speculator, he says he learned how to spot stocks that were about to go up and identify trends so he knew when to sell:

“With a starting investment of $50 million, I managed to generate a 76% return in a two-year period, growing that investment to $88 million … but even more impressive was the fact that I achieved this during the 2008 and 2009 financial crisis.”

According to Paul, a real defining moment in his life was when, in the aftermath of the 2008 market crash, he made the decision to relocate to Raleigh, North Carolina.

“I grew tired of the pace on Wall Street and of making money for only the top 1%. Now, I’ve shifted my focus to helping everyday people make money on their investments.

As a senior editor at Banyan Hill Publishing, I specialize in helping Main Street Americans find wealth in growth investing, technology, small-cap stocks and special opportunities.”

Paul claims that rather than spending his time making the rich richer, he now shows everyday, ordinary people like you and me how to make money buying and selling stocks.

He does this primarily through his Unlimited Profits investment newsletter where anyone can sign up, pay the monthly fee of $47 and get Paul's recommendations on what stocks to buy and sell.

Here's a video interview with Paul Mampilly giving advice to beginners on trading stocks:

Is Mampilly's Profits Unlimited A Scam?

profits unlimited

A lot of people say Paul Mampilly's Profits Unlimited is a scam, and to be honest I kind of understand why…

Just like Zach Scheidt's Cash For Patriots Program and Robert Baillieul's Insurance Return Checks, they use a lot of hype and cheesy sales tactics to promote it. Critics accuse them of misleading potential subscribers by promising them a sure-fire way to unlimited wealth.

Paul is not afraid to make big and bold claims when promoting his newsletter. Just take a look at this screenshot from the Unlimited Profits website and you'll see what I mean:

profits unlimited scam by paul mampilly

Putting all the hype and sensationalism aside for a moment, for me the most important question is:

Does Paul actually know what he's talking about and will you benefit from taking his advice?

Let's take a look at some stats:

If you joined Paul's newsletter when he started it in June 2016, took action and invested in every single stock he recommended until the present day, you would have more winners than losers.

More importantly:

Paul's recommended stock picks (mainly in the technology market) outperformed the market overall.

Has he made mistakes that meant people taking his advice lost their money? Yes, but because he's right more often than not you'd still come out with a profit.

Paul Mampilly Reviews: What Others Say

On Paul Mampilly's Facebook page he has a total rating of 4.6 out of 5.0 after 162 reviews.

Again, the reviews are very mixed:

Make money: you'll love him and call him a genius.

Lose money: you'll hate him and call him a scammer.

The Good:

His raving fans say Paul is a professional whose skills and experience have helped them become financially free.

The Bad:

Some people say Paul doesn't know what he's talking about and uses too much hype to promote his newsletter.

The Ugly:

Paul's worst critics accuse him of making more money off of his subscribers than he ever made trading stocks.

Is Paul Mampilly A Scam Artist?

In my opinion, Paul seems like a genuine and legit guy with a proven track record, but I agree he should tone down the salesy promotions.

I suspect those who call Paul Mampilly a scammer are angry they followed his recommendations and lost their money, and I totally get that.

I'm no stock market expert but here's what I do know:

There's always a risk when trading in the stock market.

Sometimes stock prices go up…

And sometimes they go down…

That's just the nature of the beast!

paul mampilly scam review

To Paul's credit, he never claims investing is ever risk-free and though he makes every effort to give the best recommendations, results are never guaranteed.

This is why you should never invest money you can't afford to lose!

At the end of the day, I think you'll do better with the advice of an investment expert who's worked on Wall Street than trying to figure out which stocks to choose on your own, especially as a beginner.

Final Thoughts

Though I've dabbled with buying dividend stocks in the past, I've never seen it as more than a side hustle because, even with the best advice, your income is never guaranteed. It's never been something I was willing to base my entire financial future on.

That's why I decided to start my first online business in 2014. Today I have several websites that generate a passive income for me all year round, and that's thanks to websites like Amazon and Google.

Anyone can do this:

You simply create a website that gets ranked in Google so you have a regular stream of daily visitors coming to your site. You can make money with ads, affiliate marketing or selling your own products. There's no end of ways you can make money online once you know what you're doing.

Here's the beginner's training course I followed that enabled me to quit my old day job and buy a one-way ticket to Thailand.

Whatever your income goals are, I know that with right training, guidance and support, you can get to where you need (and deserve) to be.

What Do You Think?

Is Paul Mampilly a scammer or the genuine article? If you've ever signed up to any of his newsletter subscription services I'd be really interested to get your take on this guy.

If you have any questions about generating a passive income online, message me in the comments and I'll be more than happy to help any way I can.

35 thoughts on “Is Paul Mampilly A Scam? A Fake? A Fraud? The Real Deal?”

  1. I am really confused now. I lost a lot of money with coronavirus and I want to try to make up for it. Now I question Paul.. and signed up for another called Shadow Pools, which cost me money. It’s about 5G. They talk for hours and you sign up and pay and I still don’t have the name of the stock for 5G which is supposed to blow up on Aug 6th. I am going broke now. I need help

    • I lot of these newsletters are super hyped-up. Paul Mampilly and friends are very good at marketing and are well-known for cross-selling numerous newsletter subscriptions.

      It sounds like you’re not getting what you paid for. Is there any chance you can get a refund?

  2. Hello Simon, thank you for your review on Paul. Upon visiting your website, I started looking into Wealthy Affiliate and am intrigued.

    I am a pilot for the airlines but have days, if not weeks, off at a time. Do you think I would be able to do Wealthy Affiliate as a side gig?

    Also, I noticed this article you published didn’t really have a definitive answer on Paul, but was able to drive traffic, like me to your website. Is that the basis of Wealthy Affiliate? Thank you for your time.

    -Lauren H

    • Hi Lauren,

      The quick answer is yes, absolutely!

      When I started out at Wealthy Affiliate in 2014 I was working full-time in a call centre and just used any spare time I had in the evenings and weekends working my way through the video training and followed every action step. I made my first commission (a whopping $1.20 lol) but I was crazy happy because after wasting A LOT of time on worthless scams I knew this process worked and I just had to keep going.

      By the end of the year, my online income was more than the income from my job so, as I like to say – I kissed my boss goodbye, booked a one-way ticket to Thailand and I’ve never looked back!

      Since then things have just got better and better. Last year I smashed my goal of making more than $1,000 in a day and in Feb 2020 I met Wealthy Affiliate owners Kyle and Carson on an all-expenses-paid trip to Vegas.

      As you can see, it’s by no means an overnight thing, but the sky is the limit in terms of how much you can earn and at Wealthy Affiliate you’ll have everything you need to make it happen. Work hard at it, use the training as a roadmap to follow and you WILL get to where you want to be.

      When I’m writing reviews I always try to give people the benefit of the doubt but after reading so many of the comments here I may have been too generous…

      Wealthy Affiliate will give you a simple 4-step process on how to create income-producing websites around any passion, hobby or topic you are interested in that get ranked in Google and other search engines so you get free and daily traffic. They then show you all of the ways you can monetise your site, either through affiliate marketing (my favourite!), ads or promoting your own products/services.
      The possibilities are endless!

      Take a look at my Wealthy Affiliate review to get all the ins and outs, but one of the things I really like about Wealthy Affiliate is that you can join as a free Starter member and test out the whole platform without getting your credit card out. And even if you do decide to go premium like I did, it’s only $49 a month. That’s pretty good in my view which is why I continue to stay with them.

      I hope this helps give you a better picture of what to expect, please feel free to hit reply if you have any questions or leave me a message on my WA profile here.

      I look forward to working with you and hope you have a great week! 🙂

  3. I purchased a subscription a few weeks ago. I have not had one recommendation since purchase and I am unable to get a refund. On many occasions they will contact me to buy an extended service. I need my money back.

  4. Paul is different than the others. Yes, a subscription is required but you can’t get financial advice for free. That’s life. I’ve purchased stocks from his recommendations and today I’m up $3500.00 in two weeks. For a $79 annual subscription I think it was well worth it. I’m quite cautious regarding investments because I like most folks work hard for my money. I also like to save money. Paul cautions against just investing and walking away. You MUST follow his guidelines, one of his number one rules is to spread out the $$. Invest in the majority of stocks etc. equally. That way if there are losses in one the ones that gain override the losses. This makes total sense.
    I’m happy so far.

    • Hi Caroline,
      I also just signed up for his Profit Unlimited,
      On 3/22/20. it s that the one you signed in too? I watched their videos and see they re professional and I do trust on them even I have not won any.
      I still confused how to get the information about his recommendation about which stock to buy and sell. When ……

      They sent so many emails, but must of them just I introduce the new program and services so confusing .

      So as your experience, can you please show me how and where I can get his recommendations ?

      Thank you so much Caroline !


      • I have two of his subscriptions and both allow you to see his portfolio in detail. Sign up for the text alerts on when to buy and sell. Do not buy if it’s been months since the recommendation, you may have missed the opportunity and could lose.

        For the comment, “I lost over 90% on his INTERNET OF THINGS Recommendation. I think he is paid to promote stocks!” The guy is referring to his recommendation to buy STM which I bought and made a nice return. He recommended the stock at $5.99 and today it trades at $22/share. Definitely not a loser.

        Last week I bought an option (KBH) on his recommendation and got an 80% return in 3 days. Also bought another (W) and 50% in 4 days.

      • You shouldve got the recommendations in the email they sent you for your receipt. its in one of the paragraphs as a link

  5. The best advice I have ever heard is this: If it’s too good to be true, than it’s probably a bunch bs; and of course there’s this: there are no free lunches.

    IMO, that’s the best advice to follow.

  6. Hi, I am a subscriber to Pure Income with Banyan Hill. Chad Shoop/Pure Income recommends stock to sell puts on. I am in my second year and am very pleased with the results so far. My wife and I both have accounts that we make transaction in. Our first year, we made around 9% in each account. This year hasn’t been quite as good, we’re at 6%.

    After this year’s subscription is up, we plan on going for a third year.

  7. I’d be curious to know how his picks compare vs. the overall market, as it sounds like he’s operated in the longest bull market to date. If you have more (US Large Cap) stocks that have gone down vs. up in this time period, it’s simply awful stock selection; I’m not at all surprised that people have seen outsized returns.

    Also Adel – passive income is from investment income, not earned income from running a business. It’s usually in the forms of interest and dividends paid from an investment portfolio of stocks and bonds, or being a passive investor in real estate ventures.

  8. If you have the secret to making money in stocks, why would you share it with everyone else? Doesn’t make sense.

  9. I’ve been in Profits Unlimited and Extreme fortunes since the very beginning. I can tell you I have made much more than I have lost by a substantial amount. My portfolio as it stands today has numerous stocks with over 100% gains. Most of the people that lose money with his stocks do so because they don’t follow his rules of risk management. He tells you to spread your bets, equal weight your positions, and avoid buying only low dollar stocks. He gives you good advice on how to be successful, but at the end of the day it’s up to the subscriber on whether or not he wants to take it.

    • Hi Michael,
      I m also using Profit Unlimited now but I don’t receive any email and alert about trading as the program said .

      Could you pls show me how to get that information . Thank you so much Micheal!

  10. Mampilly’s new promo video describing a $37 TRILLION dollar boom in the tech industry is too easy to figure out …. it’s the future, and current, development in AI. Anyone who follows future tech development (and general next industry development), can easily figure this out. Mampilly’s scam is to tell you about this growing industry because you are probably too lame an investor to really be in the market to begin with, and just want to follow the so called “Get-Rich-Quick” route …. which rarely works out for the average retail investor.

    Just sign-up (start an account) with a top name on-line brokerage firm, and use their on-line research and resources to self-educate yourself on stock picks and good investment choices.

    Anyone who is going to be in the market as an investor, or make money investing needs to DO THEIR OWN RESEARCH …. plain and simple!

  11. A year and a half ago I was “hypnotized” by the “saint” guru Mampilly who helps people in the street to become a millionaire by following his advice.
    After enduring watching several videos I decided that it would be a good investment to be able to access such accurate forecasts, so as a fool I subscribed to the “lifetime” option of $ 454. As I operate with my platform, I wanted to know what were the wonders that they were going to propose to me. But I realized that I had bought only the right to enter a supermarket, where they sell their products for one to invest there. So I wonder why I paid a subscription?
    Today I see for example a post by Ted Bauman, where he says he has a defensive stock that beats the SP500, but it turns out he doesn’t say which one it is. Then I go to a link on the page about marijuana stocks, and it doesn’t say what they are. In summary I feel cheated and this page is not useful in the least.

    • Thank for the opposing comment.

      Funny how “Simon Crowe” never responds to negative, or less than total positive feedback on this blog. Makes one wonder how much he is getting to promote Mampilly on his site?

    • Enrique:

      Your right, most, if not all, of these type of guys who say they have the best get-rich-quick stocks, never do. They only direct you to some obvious stock, or category, that everyone pretty much already have heard about.

  12. I invested in Paul Mampilly’s Profits Unlimited, True Momentum and Extreme Fortunes almost since they started. It’s been a great experience and I’ve made a great return on investment. I’m looking at my portfolio right now and see stocks with %total gains per stock of 51% 145% 148% 9% 236% 20% 14% 40% 181% 105% 42% 81% 70% 95% 85% ……. the list goes on. How could anyone be disappointed ??? Those are just a few. Definitely a 5 star rating for Paul Mampilly.

  13. “If you joined Paul’s newsletter when he first started it back in June 2016 and taken action and invested in every single stock that he recommended until the present day, you would have more winners than losers and be in profit.” Sorry, but this is an intentionally vague statement. If instead I placed the same amount of investment in low cost index funds, I would also be in profit. The unanswered question is, would I have been in a lot more profit buying Paul’s services. I think not.

    • You make a great point Jon and I tend to agree with you.

      Since writing this I’ve read a lot of complaints about the aggressive sales tactics used to get people to buy in to other Banyan Hill newsletters. This kind of reminds me of the California Gold Rush where the people selling the picks and shovels made more than the miners ever did. I suspect this is exactly what’s happening here.

  14. This is really cool. I am so glad that you are giving your honest opinions on these online programs that claim they can make you money because there are just so many scams online. It makes it hard to tell the legit from the fake. Too many times newbies get on the internet searching up ways to make money online and all these scams op up and just take advantage of their ignorance. I know this because I was that newbie to fall in the trap of a scam and still don’t know how to make money online. Do you have any recommendations? Great review, definitely going to post this on Facebook page so others can benefit as well. 

  15. I think it’s important to keep in mind that people will always have positive reviews before they get the actual results back.  As one of the screenshots suggests, Paul ‘feels like someone to trust’.  That being said, many of the con artists of the internet have to fall back after a few months when enough people catch on.  Just by an overview of the operation that is being done, I’d have to assume that Paul is the real deal, but it’s hard to execute his plans properly, creating the posts calling it some sort of scam.

  16. I responded to pauls latest get rich project and here is what went down they got my c card info. sent me three e=mails blowing more smoke. I called the number they gave me then said they had no information on me and then she said this this other outfit had ran my card I had ever heard of oxford club . So if any one has a number i can reach Paul thanks in advance . Mack Roden

  17. I bought in to Profits Unlimited
    promotion code P190V548
    and have not recieved anything as of to date 5-29-19
    Please let me know when this information will get to me.
    David l. Mayes [cell number deleted]

    • Hi David, I’m sorry, you’ve commented on an article that’s telling people to stay away from Paul Mampilly and any of his products. If you are looking for a refund you are going to need to contact them Profits Unlimited or Agora Financial directly.

      All the best,


    • Hi Adel, if you start an online business and put in the work upfront can achieve a monthly passive income like I and so many others have done. To get the ultimate guide and walk through, check out this step-by-step beginners training and you’ll see how anyone can be successful if they set a goal and take massive action on making it happen.

      If you have any questions along the way, you can reach to myself and 1,000’s of other online entrepreneurs within the community.


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