rfrankowski

Precious metals, like gold and silver, are classified as commodities. The United States Commodity Futures Trading Commission (CFTC) is the federal agency that regulates commodity markets. The agency has issued an advisory regarding the fraudulent activities surrounding precious metal investments. The advisory warns of “tricky promises of easy profits,” and provides potential investors with warning signs that likely indicate fraud. As security fraud lawyers, the attorneys of The Frankowski Firm advocate for parties injured by investment schemes. We pass on this information in hopes that it will prevent our clients from becoming victims of these financially devastating frauds. How the scam works A precious metal scam generally begins with an aggressive sales pitch. The individual may present themselves as a merchant of precious metals and attempt to entice you with promises of quick wealth. They may employ tricks, like name dropping or offering to cut their commission, in order to gain your trust. A fraudulent merchant uses high-pressure tactics to [...]