Published on August 23rd, 20130
Sterling Precious Metals
The FTC has banned Sterling Precious Metals from selling precious metals after the telemarketing company conned nearly $5 million from elderly consumers. Sterling Precious Metals allegedly promised customers they could profit by investing in precious metals with little risk, but failed to mention they might have to pay more money to the company later to avoid losing their investment. The settlement order imposes a judgment of more than $4.7 million against the leaders of the operation.
Always be careful when making investments, and if you are getting lots of unwanted telemarketing calls, learn how to stop them.