Fort Lauderdale, Florida Precious Metals Fraud Attorney, Russell L. Forkey, Esq.
Recently, an out of state resident filed a law suit, in the Circuit Court of Palm Beach County, Florida, against the Lloyds Asset Management, LLC., Lloyds Asset Lending, LLC., James Burbage, Marni Burbage, Sean Stropp, Sylvia Williams, David Love, Tim Cavender and Frank Gaudino, in which it was generally alleged that the defendants, some of who were previously licensed by the NFA, set up a high pressure precious metals firm that "cold" called individuals and extolled the substantial profits to be made by purchasing precious metals, on margin, while downplaying the risk associated therewith.
It is further alleged that the Plaintiffs do not believe that the firms ever actually took possession of the metals as they represented that they did.
