Lloyds Asset Management, LLC. and Lloyds Asset Lending, LLC.
West Palm Beach, Florida Precious Metals Fraud Attorney, Russell L. Forkey, Esq.
Recently, four out of state residents 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, 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 and that the prices that the Plaintiffs were charged were not reasonable but contained substantial undisclosed mark-ups.