Are you a victim of coin fraud?
We are here to help you recover your hard-earned money and life savings from dishonest precious metal dealers. We represent consumers throughout the United States who have been victimized by unscrupulous coin and bullion dealers.
You are not alone.
By 2014, the Federal government estimated that “10,000 Americans have been victimized through these schemes, with losses of around $300 million.” In the years since the precious metal fraud problem has only become worse.
The Federal Trade Commission testified before the United States Senate that it had “observed a proliferation of schemes [where] deceptive telemarketing operators posing as “brokers” and offering precious metals as purported high-profit, low-risk investments. By failing to disclose key information about the investments’ terms and high costs, these brokers deceive consumers into believing that the investments provide a safe and secure vehicle for savings.
The FBI found that corrupt coin dealers intentionally target the elderly “because they were elderly and [the dealer] thought he could get away with it” and that, while the amount defrauded may seem small in comparison to certain other financial frauds, “it represents a great deal to the victims – it was one man’s life savings.”
Gold and other precious metals—such as silver, platinum, and palladium—have long been considered “real money” and continue to be popular physical assets and investments. Unfortunately, the public's interest in and demand for gold and other precious metals has also resulted in the rise of numerous dealers who engage in coin and precious metals fraud.
These unscrupulous coin and bullion telemarketers are slick. They take advantage of the fact that the precious metals market is largely unregulated in order to prey on widows and abuse the elderly. They take advantage of those who came of age in a “high trust” society. They employ scare tactics such as playing on fears of stock market crashes, memories of the Great Depression, current political and world unrest, and the ever-increasing threats of economic crises and runaway inflation.
They seek to gain your trust, to claim to be your “friend.” But once your guard is down, they may tell you they are giving you a “great deal” only to sell you coins at grossly inflated prices that will never attain, much less exceed, their purchase price during your lifetime.
Getting your monies back is complicated and difficult. That is why you need trustworthy, experienced attorneys with special expertise in precious metals fraud litigation. Coin Fraud Lawyers have successfully represented consumer victims of coin fraud in over 30 States, and we are here to help you recover your hard-earned money and life savings stolen by unscrupulous coin dealers.
Why Choose Coin Fraud Lawyers
Combined Litigation Experience
In Claims Pursued
Cases Closed with Clients Represented in 32 States
Recently, I felt the need to hire an attorney to assist me in recovering my retirement. I had read that gold coins were 'safe.' Regrettably, the salesman convinced me to spend more than I wanted and the coins ended up being worth much less than I was led to believe. After spending most of my retirement account, I found that I had been duped. These lawyers really rescued me; otherwise, I would have lost my retirement. I was surprised at how easy it was to resolve my dispute and get my money back. Thanks to them, I feel secure again.
A few years ago I purchased over $400,000 worth of gold coins from a popular company. They convinced me that the coins I purchased would appreciate in value faster than bullion. After a couple of years, another gold coin dealer appraised my coins and we discovered that I had been scammed. I hired Lyn Stevens to handle my claims. To make a long story short, I got ALL of my money back. My attorney was very professional and smart. He guided me through the whole process and we prevailed against this crooked company. If you have a similar problem I HIGHLY recommend Lyn Stevens, he is the best you will find in this business. Thanks again, Lyn.
As a recent widow, I wanted to leave some financial security for my family. I became interested in a magazine article about a "gold coin company" that claimed that gold and platinum coins were the safest haven against a bad economy. They were very friendly and "wined and dined" me over the phone. Little did I know that they kept a book on our conversations, learning the names of my family members and events in my life, and using that to befriend me for their gain. They even sent me gifts and, before I knew it, they had taken me for over $80,000 on coins that were worth a fraction of that. I was so embarrassed and did not know what to do. When my financial condition collapsed, I tried to sell them the coins back and learned that their "money back" guarantee was a scam and I was a victim of fraud. Thank goodness for Lyn Stevens. He helped me recover my savings and took a huge burden off my shoulders, and did it in just a few months. If others are victims of fraud, then I recommend my attorney. He knows what he is doing and helped restore me.
I recently became power of attorney for my mother. Little did I know what I was in for when I found out that she had been scammed by a seemingly creditable coin company for almost a quarter of million dollars. Luckily we found Lyn to help us through this. Lyn was very personable and professional throughout the entire process. He knew not only about the financial toll something like this places on a family but also the emotional toll. Lyn re-assured my elderly mother that it wasn’t her fault and that he knew how to get her money back. Lyn was diligent in resolving the matter and ensuring that this company never attempted to scam her again. Thanks Lyn for a job well done! We highly recommend Lyn’s services if you need a personable attorney that is aggressive, efficient and a pleasure to work with.
Doug L., Arizona
When you are over 80, you hate to admit being a victim to a high pressure sales tactics. A coin company convinced me that I was getting such good deals on gold and silver coins that I ended up with a significant debt and my life savings in jeopardy. I had been scammed by “friendly” slick salesmen. They refused to accept a return of the coins even after I filed a complaint with the Attorney General and sought help from a non-profit consumer protection services. Nothing helped until I hired Lyn Stevens. He was understanding and patient. He told me that there were unscrupulous coin dealers after the elderly and that I was not the only victim to their schemes. He went to work for me and recovered my retirement, without going to court!
R. Young, Hawaii
I am 81 years old and fell victim to some shady California and Texas coin dealers. When I started out with Lyn Stevens, I feared we would never see a penny. I had already used one attorney and felt we had reached the end of our trail. But Lyn Stevens showed dedication and resourcefulness. He not only recovered my losses, but he kept me informed and involved along the way. I highly recommend Lyn Stevens to anyone that has been scammed by coin dealers.
S. P. - Kansas City, Kansas
Mr. Stevens is a good, honest, and ethical man who simply does what he says he is going to do. If you are able to have Mr Stevens take your case you can rest assured that you are being represented by a true professional with exceptional skills. Thank you very much again for taking my case and bringing it to a satisfactory resolution.
E. Curtis, Louisiana
In the last few years of my father’s life, he invested heavily into gold and silver coins. An appraisal found that his coins were only worth a fraction of what he had paid. We hired Lyn Stevens to assist us untangle this problem and he help us recover a substantial portion of the funds. Lyn Stevens is knowledgeable about the coin market and the tactics employed by crooked coin dealers. He was persistent and dedicated to our case. Best decision we made was hiring him.
E.T., Ft. Worth, Texas
My mother had a horrible experience with a company that took advantage of her....convincing her to send them coins that they then kept and sold, without her consent. With Ken's assistance, we were able to recover the vast majority of her coins. We would highly recommend reaching out to him if you find yourself in a similar situation. He provided a wealth of knowledge and guidance throughout the process and was very easy to work with.
Susan L., Missouri
About Coin Fraud Lawyers
Thousands Of Americans Have Been Victims Of Precious Metals Scams
WE ARE HERE TO HELP
The Coin Fraud Lawyers have developed proven, effective, and successful legal strategies against dishonest coin and precious metals dealers. We apply these strategies on behalf of defrauded clients throughout the United States. We are highly experienced and knowledgeable about every aspect of the precious metals industry–and especially dealers who engage in precious metals scams— and we are committed to seeking justice for you.
Because the precious metals coin and bullion industry is largely unregulated, it can be difficult or impossible for normal customers to determine at the outset whether they are purchasing from a reputable dealer or a coin fraud dealer. The coin fraud dealers’ slick telemarketers and fancy websites and brochures are too often indistinguishable from honest coin brokers. They may use fancy titles, like “Senior Gold Consultant.” Most often, coin fraud victims have no reason to realize that they are dealing with a “wolf in sheep’s clothing” until they have “invested” large amounts of money for coins and bullion that are worth just a fraction of the amounts they paid for them.
R. Lyn Stevens
Trial Lawyer & Coin Fraud Attorney
My associates and I have been helping victims of unscrupulous precious metals dealers for over 20 years and have over 70 years of combined litigation experience. We have worked with Federal and State authorities to pursue and bring to justice coin dealer scam artists, and our goal is to help you recover your life savings.
If you have been ripped off, swindled, or just think something is not right about your coin dealer, contact us for a free no-obligation consultation and evaluation to see if you have a case.
Fraudulent Dealers Target Senior Citizens
Sadly, most of our clients are senior citizens—often widows or widowers—whose life savings had been targeted and attacked by unscrupulous coin dealers. This is not just a coincidence.
In 2014, the United States Senate determined that (at that time) about 10,000 elderly Americans had been swindled out of over $300 million through precious metals scams. In fact, the U.S. Senate Report revealed that the “overwhelming number of victims in precious metal fraud are seniors.”
These precious metals fraudsters and con artists target and prey on the elderly, courting them as if they were “old friends” and using coercive sales pitches, including misleading—and sometimes illegal—high-pressure sales tactics to misrepresent coin values, to sell counterfeit coins, or even to persuade consumers to finance coin purchases with home mortgages or retirement savings. These coin scamsters too often convince seniors to buy higher priced items as “investments” that they claim are a “better deal.”
You can read the entire 2014 U.S. Senate Report at the following link:
"Exploring the Perils of the Precious Metals Market, U.S. Senate Special Committee on Aging" https://www.aging.senate.gov/hearings/exploring-the-perils-of-the-precious-metals-market (U.S. Senate Report).
Likewise, the FBI examined this phenomenon and found that corrupt coin dealers intentionally target the elderly specifically “because they [are] elderly and [the dealers] thought [they] could get away with it.
“Fraudster Targeted Elderly Victims” https://www.fbi.gov/news/stories/the-case-of-the-corrupt-coin-dealer
In fact, most of the fraud advisories and enforcement actions by the various Federal and State agencies against the precious metals industry have focused on the financial exploitation of the elderly at the hands of fraudulent coin dealers.
Likewise, the American Association of Retired Persons (AARP) has warned its membership of the dangers of unscrupulous precious metals dealers.
“Older Investors Lose Millions Buying Overpriced Gold, Silver” https://www.aarp.org/money/scams-fraud/info-2020/older-investors-gold-scam.html
This much is now clear.
The coin fraud dealers are not your friends. They are liars. They are thieves. They are scoundrels. And they don’t care whom they hurt or bankrupt in their quest for ill-gotten gain.
You are not alone... we are in your corner
We offer free initial consultations and evaluations. You are under no obligation to pursue any legal claims. In fact, if we determine that you do not have a viable claim or if we cannot be of assistance, we’ll tell you that straight up and endeavor to provide you alternative options for you to attempt to recover your funds or offset your losses.
If you decide to pursue legal action, we work under contingency contracts where we only get paid if you recover, and our goal is to have any attorney fees paid by those who have taken advantage of you. If you do not recover, you are not responsible for any attorneys’ fees, court costs, or litigation expenses. In short, our goal always is to make you as whole as possible.