Lloyds Asset Lending, LLC. and Lloyds Asset Management, LLC.
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., Stropp Williams Financial Group, LLC., James Burbage, Marni Burbage, Sean Stropp, Sylvia Williams, 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.
Subsequent to the filing of the action, the defendants, Sean Stropp, Sylvia Williams and Stropp Williams Financial Group, LLC. filed a motion to compel the claims against them to arbitration before the American Arbitration Association, which request was granted by the court.
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.