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Criminal Gold Dealer Gets 5 Years for Fraud

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Published : September 02nd, 2013
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( 7 votes, 5/5 ) , 2 commentaries
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Category : Gold and Silver



24hGold - Criminal Gold Dealer...




Minneapolis, Minnesota USA


David Marion, whose International Rarities Corp. conned 57 victims (many of them elderly ) out of $3.4 million, received a sentence of 5 years in prison.


One of Marion�s 57 victims was the late father of Susan Turner. He lost $400,000 which he had saved for the benefit of his family and two mentally disabled sons.


Further information on this particular case can be found by clicking here.


A 2011 StarTribune Report documented shady coin dealer operations, click here & here for more.


You might be asking yourself, "How could this happen?".


Investing in gold and silver may seem simple and straightforward, the reality is not so.


There are many types of ( quote, unquote ) "investments" in gold and silver you will want to avoid.


Gold and silver dealers are no different from any other industry or crowd of people.


Within our industry you will find many good honest professionals and organizations, but you will also find some bad outfits whose practices can be described as underhanded, even criminal.


Being one of the world's largest gold and silver bullion dealerships, we have had the pleasure of speaking with and serving thousands of our clientele.


Through the years we have both researched and heard first hand accounts from some of our very own customers who had previously fallen prey to some unscrupulous precious metals dealers.


These folks learned the pitfalls in gold and silver investing the hard way.


You don't have to learn these lessons the hard way. 


Common Gold & Silver Pitfalls to Avoid




Click here for a tutorial on the many gold and silver investing pitfalls out there, so you can always avoid them. 


Knowing what not to do when investing in gold and silver is just as important ( if not more important ) than knowing what to do.  


By the end of this report, you should also be able to perform some fast and easy steps of due diligence in order to quickly recognize the types of organizations you and your hard earned savings should steer clear of.


***




The information, opinions, and financial data presented are for educational purposes only and are not intended as investment advice. No guarantees are made as to the accuracy of the information provided herein. Situations can change from day to day. Every investor should do their own due-diligence to determine which investments are best for them.
You must assume the responsibility and liability for all decisions that you make on the basis of the information herein contained.
GoldSilver.com
, makes no warranties, expressed or implied, as to the fitness and accuracy of the information provided or for the results obtained by using the information. Those making investment decisions based on any of the information presented should do so in the knowledge that they could experience significant losses. In no event shall GoldSilver.com be liable for direct, indirect, or incidental damages resulting from the use of the information.

***




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Since 2005, Mike Maloney has been the precious metals investment advisor to Robert Kiyosaki, author of the most successful financial book in history, Rich Dad, Poor Dad. Mike founded GoldSilver.com, an online precious metals dealership featuring concierge services, physical delivery of gold and silver to customer doorsteps around the world, as well as providing international 3rd Party Vault Storage options for customers' precious metal holdings
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He should have opened a Bank. No worries there he could have stole 3 or 300 billion and your untouchable. When's Corzine trial again?
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At 3.5 million he was most likely still working up enough money to pay the entrance fee required for anyone wishing to set up a bank.

Lets hope they catch more of these assholes and I would dearly like to see some real sentences handed down, hot just a 5 year slap on the wrist. Think about this, 5-years will equate to 6 months after appealing the sentence, being a model prisoner while in holding and getting double the air miles for time already served.

Now if only they would grab the Bernak and all of his scum buddies, toss them into a good old fashioned 14th century dungeon for 40 odd years, we might actually see banking turn around as the consequences would no longer be worth the paltry couple of million fee most of these guys get slapped with. I'll bet the Bernak and his buds have more then a few million tucked under their pillows in case some therapeutic shopping is needed.
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At 3.5 million he was most likely still working up enough money to pay the entrance fee required for anyone wishing to set up a bank. Lets hope they catch more of these assholes and I would dearly like to see some real sentences handed down, hot just a  Read more
Spokes - 9/2/2013 at 11:23 PM GMT
Rating :  4  2
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