These investment companies are top-rated in our Trusted Directory and have been fully vetted and reviewed as part of our 5-step verification process.
The following Scam Reports are filed in the Investing category.
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
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
Yesterday some high-profile people had their Twitter accounts hacked by scammers who sent out fake tweets asking followers to send money using Bitcoin…
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
If you’ve ever fantasized about never having to worry about money again, you’re not alone. But before you spend big money for a chance at wealth, read on…
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.
As Cryptocurrency regains popularity with retail investors, so too do cryptocurrency scams. When you know the scams you can easily avoid them
For the second time in about a month, the FTC sued a company that falsely promised it would show people how to earn money in real estate – after getting them to pay thousands of dollars for seminars.
There are many companies out there promising to tell you how to make money by flipping real estate, but not all those promises are real.
Whether you’ve had a suspicious looking email promising you millions of dollars for no risk, you’re considering buying a “miracle” supplement, an oddly cheap product online or a you’ve discovered a can’t-lose investment – you’re on the verge of being scammed. Fight back!
Assistant Attorney General Brian A. Benczkowski said “The defendants and others allegedly engaged in a massive, multiyear scheme to manipulate the market for precious metals futures contracts and defraud market participants”
The SEC is warning investors not to make investment decisions based solely on celebrity endorsements. It is never a good idea to make an investment decision just because someone famous says a product or service is a good investment.
Defendants Allegedly Fraudulently Solicited and Received more than $4 Million from Customers in Connection with Purported Gold Sales
