Scammers get what’s coming when the law catches up to them and it all goes wrong in court!
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.
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.
“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
In Austin today, a federal judge sentenced 49-year-old Charles McAllister, CEO and owner of Bullion Direct, Inc. (BDI), to ten years in federal prison for money laundering and scheming to defraud customers out of millions of dollars
U.S. Coin Bullion, a local Orlando company formed in 2012 engaged in a conspiracy to defraud customers. Instead of using the customers’ funds to purchase precious metals as had been promised, the owners caused U.S. Coin Bullion to use customer funds to pay other customers.
The U.S. District Court for the District of Nevada has ruled in favor of the Federal Trade Commission in a case against the operators of a scheme that deceived financially distressed homeowners by falsely promising to make their mortgages more affordable.
The Federal Trade Commission is mailing 79,771 refund checks totaling over $1.8 million to consumers who signed up for “risk-free” trial offers for skin care products, but were enrolled in negative option programs with recurring monthly charges
The FTC will be mailing refund checks totaling more than $2 million to people who lost money to a Utah-based business coaching scheme that operated under the names Coaching Department and Apply Knowledge, among others
Financial judgement against defendants over $100 million – with agreement to court orders settling FTC allegations related to their alleged scheme to defraud consumers via deceptive “free trial” offers and negative option continuity plans.
As alleged in the FTC’s complaint, the defendants used a variety of deceptive sales tactics and falsely promised that their clients were likely to earn substantial income, their training programs were personalized and open only to qualified participants, and they needed consumers’ financial information to determine if they qualified.
Man Found Guilty of Federal Charges Stemming from Fake Debt-Elimination Services with More than 500 Victims Identified
Defendants Allegedly Fraudulently Solicited and Received more than $4 Million from Customers in Connection with Purported Gold Sales
Man sentenced to 15 months in federal prison for illicitly distributing anabolic steroids and intentionally misbranding a dietary supplement that secretly contained erectile dysfunction drugs.
Thousands lose out as fraudulent business education program “My Online Business Education” – or MOBE taken down by FTC. Many experience crippling losses or mounting debts, including some who have lost more than $20,000
Defendant received at least $550,000 from the scheme and acknowledged the proceeds were sent to a bank account he controlled in Belize.
Defendants charge up to $13,995 – usually on consumers’ credit cards – for a purported business coaching program that provides information that is largely available for free on the Internet.
Body-Building Supplements Worth $1.3 Million Condemned and Forfeited to the United States Under Consent Decree. The court order is the result of efforts by the federal government to protect consumers from potentially dangerous products
FTC to Return $1.7m to Consumers Who Bought Worthless Credit Card Interest Rate Reduction Programs. The court held defendants liable for 11 violations of the FTC Act and the Commission’s Telemarketing Sales Rule
FTC Returns Nearly $315,000 to Consumers Who Bought Worthless Credit Card Interest Rate Reduction Programs
FTC Stops Operators of $6.2M Fake Credit Repair Scheme. Alleges scammers charged upfront fees and falsely promised to improve credit scores.
The FTC alleges ISO, sales agents laundered millions in credit card charges – as case concludes monetary judgment of $5.8 million suspended due to the defendants’ inability to pay
