What Is Commemorative Coin Fraud?
What are precious metals and commemorative coin frauds? Dallas, Texas based personal injury attorney Bruce Steckler explains the types of precious metal coin scams and when sales tactics can cross the line into actionable fraud. As Bruce discusses, in precious metals and commemorative coin scams, salespeople mislead consumers about the investment risk and value of the coins. The coins are sold for multiple times the value of the metals, often marked up as high as 300%. The scams often target senior citizens and retirees with deceptive sales pitches and scare tactics to convince them to use their retirement funds to purchase the coins. Some consumers have been defrauded out of millions. Bruce explains the potential claims for recovery and how victims can seek to recover their losses.
