Gold and other precious metals—such as silver, platinum and palladium—have long been a popular physical asset and investment. Many coin and bullion investors buy and hold precious metals as a hedge against inflation and a refuge from fluctuating world economies. Unfortunately, the strong demand for gold and other precious metals has resulted in the rise of numerous dealers engaging in coin fraud and precious metals fraud.
Collecting and investing in rare coins and precious metals today is a very complex and confusing market for those who must deal with problems associated with building collections, dividing estates, and evaluating complex issues when dealing with fraud and price gouging involved.
In some cases, unscrupulous coin and bullion telemarketers prey on widows and abuse the elderly. They employ scare tactics by playing on stock market crashes, memories of the Great Depression, current world unrest, and economic crisis. They sell coins at grossly inflated prices, knowing that the value of the coins will never exceed their purchase price during an investor’s lifetime.
With the advent of sales platforms available to people worldwide, there are many counterfeit coins and precious metal coins and bars being sold online.
Dishonest coin and bullion dealers in some cases hide behind multiple layers of corporations. They regularly drain their companies of funds to support their lavish lifestyles. In many situations, the only way to successfully recover money paid to dealers engaging in coin fraud or precious metals fraud is to bypass or pierce their sham corporations and go after the shady individuals behind the companies.
In order to do this most lawyers need an expert in the field to walk them through the maze.
Here at Hancock & Harwell we are uniquely qualified in this area. Give us a call if you or your attorney needs help.