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Certified Gold Exchange Applauds AZ Attorney for RICO Suit Against Alleged Gold Fraudster - Valley News Live - KVLY/KXJB - Fargo/Grand Forks

Certified Gold Exchange Applauds AZ Attorney for RICO Suit Against Alleged Gold Fraudster

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Americas Trusted Source for Gold spokesperson Janet Jones believes Maricopa County Attorney Bill Montgomerys insistence on bringing an alleged financial criminal to justice could deter future gold storage scams.

FORT WORTH (PRWEB) June 26, 2014

Just days after Ray Stern of the Phoenix New Times reported on the RICO suit being filed by the Maricopa County (AZ) Attorneys Office, the official Certified Gold Exchange has gone on record to applaud Maricopa County Attorney Bill Montgomery for giving potential criminals something to think twice about" in regards to taking advantage of gold investors. CGE spokesperson Janet Jones said Wednesday that she would like to see stiffer penalties imposed on brokers who misuse clients' trust.

Without commenting on any specific case, I believe individuals who use investors' hard-earned money to buy themselves expensive cars and mansions before they even deliver the investment itself should be punished severely," said Jones. "After prison it might be a good idea to ban them from commodities trading altogether.

The RICO suit's case number is CR-0162706 and is being handled by the Superior Court of Maricopa County. Montgomery believes the suspect in the case has allegedly taken more than $54 million from over 1,300 victims, and a special web page has been created for individuals who may have been victimized by the same person. "[The suspect] has finally run out of tricks," Montgomery said about the alleged criminal.

Maricopa Countys RICO suit alleges that the suspect allegedly has a hidden cache of precious metals and coins believed to have been stolen from NACC [for] expensive cars, jewelry, and travel while at the same time allegedly using a company, Mango Trust, to hide money that would have otherwise gone to victims. The best way to protect oneself from shady characters is by dealing exclusively with BBB and TrustLink-approved gold dealers, added Jones.

Certified Gold Exchange, Inc. is one of North Americas premier precious metals trading platforms, providing unparalleled service to licensed dealers, institutions, and household investors since 1992. Certified Gold Exchange maintains an A+, Zero Complaint Better Business Bureau rating. For more information or a free Gold Investors Guide, visit http://www.certifiedgoldexchange.com or call 1-800-300-0715 today.

For the original version on PRWeb visit: http://www.prweb.com/releases/2014/06/prweb11976753.htm

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