Tower Equity, Chase Metals, and Barrick Capital RECEIVERSHIP CLAIM DEADLINE – APRIL 30
Devils Lake Journal
Bismarck ND – North Dakota Securities Commissioner Karen Tyler previously announced that the Commodity Futures Trading Commission and 30 state regulators filed a joint civil enforcement action in the U.S. District Court for the Northern District of Texas against two precious metals dealers and their companies for perpetrating a $185 million fraudulent scheme targeting elderly persons nationwide.
The complaint charges defendants TMTE, Inc., d/b/a Metals.com, Chase Metals, LLC, Chase Metals, Inc. (collectively “Metals.com”), Barrick Capital, Inc. and its principals, Lucas Asher a/k/a Lucas Thomas Erb a/k/a Luke Asher and Simon Batashvili with executing an ongoing nationwide fraud that solicited and received more than $185 million in investor funds to purchase fraudulently overpriced gold and silver bullion. Tower Equity, LLC is also charged as a relief defendan
Metals com Case Arkansas Securities Commissioner Enters Final Cease and Desist — KFFB 106 1 FM — Arkansas Radio — Online Radio–Arkansas Politics–Local News kffb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kffb.com Daily Mail and Mail on Sunday newspapers.
To embed, copy and paste the code into your website or blog:
On September 22, 2020, the CFTC along with 30 state securities regulators filed a historic joint enforcement action against two precious metals dealers and their companies for perpetrating a $185 million scheme to defraud over 1,600 persons nationwide. The scheme, which targeted the vulnerable elderly population in particular, induced the victims to purchase gold and silver bullion at inflated prices averaging from 100% to 300% over the spot price. CFTC, Alabama Securities Commission, et al. v. TMTE, Inc. a/k/a Metals.com, et al, (20-cv-2910) (N.D.Tex. Sept. 22, 2020). The joint enforcement action is the largest joint filing in CFTC history with state regulators, and the first resulting from a 2018 information sharing agreement between the CFTC and the North American Securities Administrators Association, which represents state and provincial securities regulators in the United States, Canada, and Mexico. While the