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Advantage Metals, L.L.C., a/k/a and d/b/a Advantage Metal Advisers, L.L.C., and Advantage Metals Holdings, L.L.C., had previously filed a Verified Voluntary Petition for Appointment of a Receiver, which request was granted on June 6, 2011. A copy of the court’s order appointing the receiver may be viewed by following the highlighted link.
At the hearing, David Hoines, Esq., the attorney for the company, was appointed the receiver. Mr. Hoines was instructed by the court to send a notice to all customers of the companies that he is able to identify. Apparently, this is because the financial records of the companies are in very poor shape and may not reflect an accurate list of firm clients or the amounts that clients paid to or received back from the firms.
There were additional disclosures that were made concerning the amount of money that is left and how that money was invested. Please see precious metals fraud. We would strongly recommend the reader to immediately retain qualified counsel relative to this matter as it will greatly enhance your chances of recovering your investment. If you have any questions about the other information disclosed at the hearing, please call the law office of Russell L. Forkey, P.A.