Category: PRECIOUS METALS FRAUD

Precious Metals Fraud typically involves deceptive practices where individuals or companies misrepresent the nature, value, or ownership of precious metals like gold, silver, or platinum to investors or buyers. Common schemes include falsely promising high returns on investments in precious metals, selling counterfeit or non-existent metals, using misleading sales tactics, or failing to deliver purchased metals altogether. Fraudsters exploit the allure of precious metals’ stability and value to deceive victims, often through complex schemes that involve convincing documentation or elaborate marketing strategies. Victims can suffer significant financial losses when they discover they have invested in worthless or nonexistent assets, highlighting the need for caution and due diligence in dealings involving precious metals.

CFTC-PR-8898-24

File ID:  CFTC-PR-8898-24 Date:  April 25, 2024 Accessed:  June 19, 2024 Headline:  Federal Court Orders California-Based Precious Metals Company, CEO, Senior Salesperson to Pay Over $56 Million for Fraud in Connection with Precious Metals Sales. Source:  https://www.cftc.gov/PressRoom/PressReleases/8898-24 Categories: PRECIOUS METALS FRAUD FRAUDULENT MISPRESENTATIONS CFTC-PR-8898-24 – Viewer: ▼▼▼ (Download PDF File )

CFTC-PR-8881-24

File ID:  CFTC-PR-8881-24 Date:  March 20, 2024 Accessed: June 15,2024 Headline:  Joint Effort Launches to Warn Retirees about Precious Metals Fraud and Gives Tips on Protecting Themselves. Source:  https://www.cftc.gov/PressRoom/PressReleases/8881-24 Categories: AGENCY ADVISORIES CFTC ADVISORIES PRECIOUS METALS FRAUD CFTC-PR-8881-24 – Viewer: ▼▼▼ (Download PDF File )