Tag: scams

Coin Scammers Strike Again, Get Slammed with Unprecedented Government Lawsuit

Coin Scammers Strike Again, Get Slammed with Unprecedented Government Lawsuit

Bad actors within certain segments of the retail precious metals industry continue to prey on people who are looking to acquire gold and silver bullion. Regulators in 30 different states recently joined together with the Commodities Futures Trading Commission and filed an unprecedented federal lawsuit and enforcement action against a company accused of operating a large-scale precious metals fraud scheme. The company, Barrick Capital (a.k.a. Chase Metals, Metals.com), is accused of targeting mainly elderly customers through traditional and social media. Once they were identified as prospects for buying gold or silver, the victims were apparently subjected to aggressive sales tactics from boiler-room phone banks, pressured to liquidate stocks in their […]

Continue Reading

Gold & Silver Investors’ 8 Commandments for Avoiding Rip Offs

Gold & Silver Investors’ 8 Commandments for Avoiding Rip Offs

For every promising investment opportunity, you come across, there are multiple opportunities for bad-faith brokers and hucksters to try to rip you off. It could be undisclosed commissions and fees in an annuity, unwanted accounts opened up by a banker seeking additional fees, trades sabotaged by market manipulators, or any number of other schemes. Rip-off artists, unfortunately, operate within the precious metals space as well. Most recently, a scammer posing as a government agent in order to gain people’s trust was convicted of selling counterfeit gold bars and phony Morgan silver dollars. He took one investor for $11,000, according to reports. You can avoid this type of scam as well […]

Continue Reading