Commodities Futures Trading Commission Alleges that Companies Ripped Off $8M From Investors In Silver Trade Scheme
This suit was surfaced by Law.com Radar. Read the complaint here.
July 02, 2021 at 08:45 AM
1 minute read
The Commodity Futures Trading Commission filed a securities lawsuit against Precious Commodities, National Coin Broker and other defendants Thursday in New York Southern District Court. The defendants are accused of misappropriating $8 million in cash and silver through a fraudulent leasing program which claimed to guarantee investors monthly payments in exchange for use of silver. Lawyers have not yet appeared for the defendants. The case is 1:21-cv-05707, v. Baldwin et al.
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