Certified Gold Exchange Investor Advisory Warns of Leveraged Gold Transactions
Fort Worth (PRWEB) April 07, 2014 -- The U.S. Commodity Futures Trading Commission (CFTC) has announced in a press release that a Florida court is ordering two Florida men and their companies to pay $3.3 million in restitution for allegedly swindling investors via an off-exchange gold financing program, and Texas-based precious metals dealer Certified Gold Exchange, Inc. spokesperson Janet Jones wants to make investors aware of such schemes so the public is protected when scammers attempt similar schemes in the future.
“Americans are very trusting and a lot of investors, especially senior citizens, are constantly receiving calls from investment solicitors,” Jones said. “Sometimes the excitement of a rare investment opportunity clouds our judgment if the swindler is a smooth talker, but at least investors are getting some restitution in these cases.”
Jones believes the best way to avoid off-exchange gold transaction fraud is to buy physical metals instead of financed gold. “If you pay for 100% of your gold up front the company is legally required to send the package within 10 business days, unlike off-exchange gold loans where the victims can sometimes go months before discovering they have been defrauded in a gold Ponzi scheme.” The cases in question are 9:12-cv-81311-XXXX and 9:12-cv-81311-DMM and both cases were tried in the southern district of Florida.
Certified Gold Exchange, Inc. is one of North America's premier precious metals trading platforms, providing unparalleled service to licensed dealers, institutions, and household investors since 1992. Certified Gold Exchange maintains an A+, Zero Complaint Better Business Bureau rating. For more information or a free "Gold Investor's Guide," visit http://www.certifiedgoldexchange.com or call 1-800-300-0715 today.
Ken Hansen, Certified Gold Exchange, Inc., http://certifiedgoldexchange.com, +1 800-300-0715, [email protected]
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