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  • Report: #812052

Complaint Review: Aurum Advisors

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  • Submitted: Tue, December 20, 2011
  • Updated: Wed, June 20, 2012

  • Reported By: Steve — Glide Oregon United States of America
Aurum Advisors
1801 Century Park East Los Angeles, California United States of America

Aurum Advisors Big RIPP OFF!! Los Angeles, California

*Author of original report: Aurum Advisors, Lubaszka Gold Fraud

*General Comment: I'm a victim of Aurum Advisors too

*Consumer Comment: Another rip off

*Author of original report: Aurum Advisors Rip Off - Update #3

*Author of original report: Follow Up On Aurum Advuisors

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I have invested my life savings with Aurum Advisors.

I looks like I have lost over half.

Have been trying to retreive my money for almost three weeks now and no one is available to take my calls, 22 of them.

It appears they they charge around 1K per coin above the actual value. This is is justified by saying that they are traded in some sort of rare coin market that costs $4300 to join. I have yet to find this so-called market.

I originally invested 50K. Their latest valuation is 63K Not bad-but try to cash it in. All of sudden nobodys home.

The gold is held in trust and I seems I can access it but only a real market thtough another. Right now the gold held is worth about 24K. I invested 50K. It appears more then half is stolen.

I am in contact with the DOJ Fraud section and I will keep you posted.

I will post an apoligy if somehow this is straightened out. But I doubt it. Needless to say stay away from Aurum like the Swine Flu!


This report was posted on Ripoff Report on 12/20/2011 06:16 PM and is a permanent record located here: http://www.ripoffreport.com/r/Aurum-Advisors/Los-Angeles-California-90067/Aurum-Advisors-Big-RIPP-OFF-Los-Angeles-California-812052. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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REBUTTALS & REPLIES:
3Author 2Consumer 0Employee/Owner
Updates & Rebuttals

#1 Author of original report

Aurum Advisors, Lubaszka Gold Fraud

AUTHOR: Steve G. - ()

This is a follow up report on Marc Lubaszka, and the Aurum Advisors gold theft.After well over 2 1/2 years the FBI is finally persueing Lubaszka and his band of dirt bags.

Also NBC Channel 4 Los Angeles ran a good piece on him on the Evening News a t 5PM 8/15/13.You can see it on thier site at NBC Channel 4 News.

Just google it. Good report overall but failed to mention the years of trying to get a government agency to persue it.You can also view it here; 

 
We have identified over 50 victims with over $2 million in loses.
If you are or were a Victim please contact me through this site and/or contact FBI Speicial Agent Damara Schlitz, Eugene Oregon. (541)685-6264.
 
We are going to track this crook down and will not rest until Justice is served.
 
Thank you,
SteveG
(541) 496-3136  

 

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#2 General Comment

I'm a victim of Aurum Advisors too

AUTHOR: hahndojr - (United States of America)

I'm out about $2500 from Aurum Advisors.  There is a group of us that are trying to take legal action.  The more the people we have, the better.  Email me at hahndojr@hotmail.com.  Thanks.
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#3 Consumer Comment

Another rip off

AUTHOR: raj123 - (United States of America)

Hey Steve

Similar thing happened to me. I bought Gold worth over 10k+ from aurum on March 05 2012 and since then chasing them for delivery/refund. Robert Drake the salesman agreed to refund on April 12 2012 but the story is the same. they never pick up phone or return calls.

I was told 4 days ago by the receptionist of the company that Robert Drake has left and the management has asked her to forward all calls to Voice mail directly. I think they mite be planning to shut off and run. I have left a voice mail at the number you gave, please contact me at (((redacted))).

CLICK here to see why Rip-off Report, as a matter of policy, deleted either a phone number, link or e-mail address from this Report.
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#4 Author of original report

Aurum Advisors Rip Off - Update #3

AUTHOR: Steve G. - (USA)

In Feb, 2012, Aurum agreed to exchange the gold in my IRA account, with Standard Trust, for $50000.
They had the gold forwarded to them, but have not replaced the $50,000.

After 5 months of unanswered phone calls, some excuses and out right lies. I am out the gold I purchased and the cash I invested with these crooks.

The Oregon Department of Justice is conducting an ongoing investigation. The F.B.I is looking into these folks. I am in the process of filing a complaint with the Calif. D.O.J.

If anyone steals 50K from a bank they would pay a hefty price. I have been robbed and Mark Luaska and his minion Barry Davis will pay a price. I will not be denied.

If you have been swindled by Aurum, you may cll me for direction to the proper authorities. (541) 496-3136.

I will post updates.
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#5 Author of original report

Follow Up On Aurum Advuisors

AUTHOR: Steve G. - (United States of America)

I since not received my cash since Dec.20/1010.I am convinced that these these crooks are involved in a Ponzi.  I now have the Oregon Dept. of Justice involved.

They are working on this case.

I also plan on notifing the FBI. The amount involved in this rip off is small ($50K) by FBI standards. I know that I am not the only party bilked by these worms. I am looking for other victims to join me in starting an FBI probe.

Please feel free to contact me.
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