By United States Attorney’s Office, District of Montana …… On Monday, November 7, 2022, a Colorado man who admitted to defrauding a Montana family of $391,280 USD by purporting to invest the money in gold in Africa was sentenced to 27 months in prison and fined $5,000, to be followed by three years of […]
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Commodity Futures Trading Commission (CFTC) …… On Thursday, September 22, 2022, the Commodity Futures Trading Commission (CFTC) issued an order filing and simultaneously settling charges against Goldline, Inc. and A-Mark Precious Metals, Inc., both California companies, for fraud in connection with off-exchange retail commodity transactions; failing to register as a Futures Commission Merchant (FCM); […]
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By Commodity Futures Trading Commission (CFTC) …. The Commodity Futures Trading Commission (CFTC) advises the public not to take cash from their retirement plans under relaxed distribution rules provided in the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to speculate or invest in gold, silver, or other precious metals without first consulting licensed […]
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Investors wanting to enter the gold and silver markets or add to existing portfolios should be wary of potential counterfeits, plated “gold coins”, or overpaying for any purchases. This advice comes from the Accredited Precious Metals Dealers (APMD) division of the nonprofit Professional Numismatists Guild (PNG). “The new ‘Gold Rush’ of significantly higher prices this […]
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With the recent, rapid jump in the price of gold, investors should beware of scam artists trying to lure them with urgent claims of too-good-to-be-true low prices and quick, guaranteed bullion market profits, cautions leaders of the Accredited Precious Metals Dealer (APMD) program, a division of the nonprofit Professional Numismatists Guild (PNG). “Don’t make a […]
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Former politician Larry Bates played on the beliefs of fellow Christians to sell gold and silver that he never delivered By Hubert Walker for CoinWeek …. Seventy-year-old Larry Bates is a talk radio CEO, a former Tennessee state representative, and a gold and silver bullion dealer. Now, after a five-week trial in Memphis back […]
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By Coinweek …. Welcome to the latest edition of CoinWeek’s Weekly Coin and Currency News Roundup. In this series we recap some of the cool, interesting, offbeat, ludicrous and maybe even disturbing news items that we’ve read over the past week. Brain Food 1.) The Iron Bank Will Have Its Due No, that’s not […]
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By Charles Morgan and Hubert Walker for CoinWeek… In CoinWeek’s initial report on Merit Gold and Silver, we wrote that the Santa Monica City’s Attorney’s Office had filed a complaint against the firm, alleging that Merit had “engaged in an aggressive, nationwide fraud scheme that… bilked customers out of tens of millions of dollars”, and […]
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By Charles Morgan and Hubert Walker for CoinWeek… In CoinWeek’s initial report on Merit Gold and Silver, we wrote that the Santa Monica City’s Attorney’s Office had filed a complaint against the firm, alleging that Merit had “engaged in an aggressive, nationwide fraud scheme that… bilked customers out of tens of millions of dollars”, and […]
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