Carried out the fraudulent scheme by explaining to victims that RRC’s silver trading program was a lucrative investment that involved the buying and selling of actual silver bullion; that 100% of investor funds would be used to buy actual silver; that all the silver bullion purchased would be stored at Brinks Global Services in Salt Lake City or Los Angeles
Global Gold Exchange, LLC and its managers, were sentenced in federal court today for committing multiple financial and firearms crimes, including laundering money through their unlicensed money transmitting business by falsely reporting transactions as “gold” and other precious metals
The former President & CEO of Northwest Territorial Mint, a now-bankrupt company dealing in precious metals, was convicted today in U.S. District Court in Seattle of 14 federal felonies resulting from a Ponzi-like scheme that defrauded customers of millions of dollars, announced Acting U.S. Attorney Tessa M. Gorman.
South Florida federal prosecutors have charged a Miami-Dade County business owner with facilitating a $140 million transnational illicit gold smuggling operation aimed at laundering cash with alleged ties to criminal activity.
Fraudsters posed as the leaders of the scheme and told victim-investors they had created a plan to make money by extracting gold from dirt using a revolutionary process developed by one of the team – who was held out to investors as an expert in metallurgy and the refining of precious metals.
Karlsson admitted that he used the website to invite potential investors to purchase shares of the plan for less than $100 per share, promising an eventual payout of 1.15 kilograms of gold per share, an amount of gold which as of Jan. 2, 2019, was worth more than $45,000.
Lovett executed a financial fraud scheme involving investments in mining projects involving precious metals. During the course of the scheme, Lovett fraudulently obtained nearly $850,000 from more than 30 investors, by inducing victims to invest in Safari Minerals, Inc. (Safari) and other entities with which Lovett was affiliated.
Have you ever thought about paying for a training program to learn how to invest in real estate or start an online business?
Defendant made millions of dollars from the sale of a new cryptocurrency but evaded reporting that income to the IRS, including by filing a false tax return, operating his business and owning assets through pseudonyms and shell companies
The Federal Trade Commission announced it has sent letters warning 20 more marketers nationwide to stop making unsubstantiated claims that their products and therapies can prevent or treat COVID-19, the disease caused by the novel coronavirus.
Dual U.S./Swiss Citizen Convicted of Fraudulently Soliciting Millions In Investment Scheme To Purportedly Export Diamonds and Gold From Africa. Fritz Kramer was sentenced today to 108 months in prison, and ordered to pay $7,956,267 in restitution, following convictions for wire fraud and commodities fraud.
“For over eight years, traders on JP Morgan’s precious metals and U.S. Treasuries desks engaged in separate schemes to defraud other market participants that involved thousands of instances of unlawful trading meant to enhance profits and avoid losses,” said Acting Assistant Attorney General Brian C. Rabbitt
Surprise as FTC moves to add two of the biggest real estate celebrities Dean Graziosi and Scott Yancey to their ongoing case against Nudge
You probably know Payday Loans are an expensive way to get money – charging annual percentage rates of as much as 500-700% – but during the Covid-19 pandemic people are running out of choices
The fact is, Publishers Clearing House never notifies winners in advance. And anyone who says, “You’ve won. Now pay us,” is always a scammer. Period.
Yesterday some high-profile people had their Twitter accounts hacked by scammers who sent out fake tweets asking followers to send money using Bitcoin…
The marketers of a low-level light therapy device (LLLT) called Willow Curve will have to stop making alleged deceptive claims that the device treats chronic, severe pain and associated inflammation, under a settlement with the Federal Trade Commission.
The Federal Trade Commission and U.S. Small Business Administration (SBA) have sent warning letters to six companies that may be misleading small businesses seeking SBA loans as a result of the coronavirus 2019 pandemic.
The FTC is mailing refunds totaling more than $8.7 million to 187,425 consumers who signed up online for “risk-free” trial offers, but were then charged full price and enrolled in expensive continuity plans without their knowledge.
FTC Sends Letters Warning 30 More Marketers to Stop Making Unsupported Claims That Their Products and Therapies Can Effectively Prevent or Treat COVID-19
The COVID-19 pandemic creates the perfect storm of hopes and fears that dishonest business try to exploit with fake promises of protection and healing. But when these promises are not backed by science
FTC Sends Warning Letters to Multi-Level Marketers Regarding COVID Health and Earnings Claims The Federal Trade Commission today announced it has sent 10 letters warning multi-level marketing companies (MLMs) to remove and address claims that they or their participants are making about their products’ ability to treat
The FTC Takes Action to Stop Direct Mail Pill Marketers’ Unproven Health Claims The marketers of three supplements called Neurocet, Regenify, and Resetigen-D have settled a Federal Trade Commission complaint alleging they deceptively promoted their products to older Americans using false claims that their products could stop
FTC Takes Action to Stop Company Posing as SBA Lender and Preying on Small Businesses The Federal Trade Commission has charged a Rhode Island-based company and its owner with falsely claiming to be an approved lender for a federal coronavirus relief lending program and asked a federal
