Articles Posted in Commodities and Precious Metals Fraud

Issues Related to the Purchase and Sale of Gold Coins This post is being provided for informational purposes only. The associations referenced below are not being endorsed by the writer but are solely being provided for the convenience of the reader. The gold coin business as well as the sale of other precious metals is…

The Goldline International Customer Agreement: As indicated in an earlier Goldline International blog, a case seeking class action certification was filed in the United States District Court for the District of South Carolina, Greenville Division styled Tim Clark; Johanna Clougherty; Michael Clougherty; on behalf of themselves and all other similarly situated v. Goldline International, Inc.,…

Goldline International: California based, Goldline International, Inc. was recently accused of deceptive sales practices in a lawsuit filed in the United States District Court of South Carolina, Greenville Division. More specifically, the plaintiffs charged Goldline International with violating the Racketeer Influenced and Corrupt Organizations Act (RICO) and for the use of unfair and deceptive trade…

Precious Metals Fraud: As an example of precious metals fraud, the reader need look no further then what recently happened to a California gold dealer, Superior Gold Group LLC, which was seized and whose assets were frozen by a court order. Recently, a California judge froze the assets of Superior Gold Group LLC of 100…

SEC Charges Three with Promoting and Selling Forex Offering: As a reminder of the risks associated with commodities and precious metals trading, please read the below litigation summary, which relates to the case of Securities and Exchange Commission v. Clifton K. Oram, et al., Case No. 2:10-CV-01173-DB (D. Utah). This real life example demonstrates how…

NASAA Cautions Investors Mining for Golden Opportunities: WASHINGTON (October 20, 2010) – With gold prices reaching record highs, investors are increasingly turning to gold-related investments. The North American Securities Administrators Association (NASAA) today reminded investors to be cautious about jumping onto the gold bandwagon. “The soaring price of gold has sparked a modern-day gold rush…

December 14, 2010: Four men at a now-defunct South Florida precious metal company have been charged with stealing up to $1.3 million from investors who wanted to capitalize on the rising prices of gold and silver. The president of The Bullion Trading Group and three company brokers face mail fraud charges, accused by federal prosecutors…