Wow, gotta see how this plays out for us seniors. Hopefully none of the folks in this forum will be impacted. With gold falling the last couple of days could be bad if folks can't get access to theirs being sold.
Judge Freezes Assets of Beck's Gold Advertiser | Mother Jones
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At the request of prosecutors from LA County and Santa Monica city who have filed a civil suit against the company, Los Angeles County judge has ordered that Superior Gold be placed into receivership and all of its assets—bank accounts, real estate, and presumably gold stored for customers—frozen. On Monday, a court-appointed lawyer actually physically seized control of the company, presumably to prevent further wrongdoing. The lawsuit alleged that among other things, Superior had defrauded its customers by overcharging them, fraudulently inducing them to buy overpriced collectors' coins rather than the bullion that they wanted, and taking customers' money for coins they never produced. The prosecutors hope that the lawsuit will provide restitution for all of the company's ripped off customers. The judge will hold a hearing later this month to decide whether the company's assets should remain frozen until the case goes to trial.
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This could be very difficult on seniors and hopefully none were really ripped off.
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