Attorney General James Sues to Stop Precious Metals Scheme That Defrauded Seniors Out of Millions

Posted to Applied Web NY on Fri, 09/25/2020 - 11:47

NEW YORK – New York Attorney General Letitia James today announced that she, along with 29 additional states and the U.S. Commodity Futures Trading Commission (CFTC), have filed a lawsuit against Metals.com and a host of other entities and individuals for defrauding seniors across New York and the rest of the nation by soliciting more than $185 million and by charging exorbitant fees for overpriced precious metals. The lawsuit specifically names as defendants TMTE Inc. (also known as Metals.com, Chase Metals Inc., and Chase Metals LLC), Barrick Capital Inc., and Tower Equity LLC, along with the individuals Simon Batashvili and Lucas Asher.

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