ED Magedson – Founder
Sterling-Trust Company, Fidelity Trade And APMEX Precious Metal7901 Fish Pond Road, POBox 2526 Waco, Texas United States of America
Sterling "Trust" Company and Superior Gold Group ripped off my $5,500 401(k).
Relieved of my employment February 2009, I had to rollover my 401(k). I called Superior Gold Group and they directed me to send my 401(k) fund to Sterling "Trust" Company to convert the 401(k) into an IRA. Sterling's job was to wire transfer the fund to SGG to purchase Proof Gold and Silver.
Both companies helped themselves to several hundred dollars in fees and I have nothing to show for it as of June, 2010. No precious metals; no IRA account. Repeated phone calls and e-mails are ignored.
Sterling "Trust" even bills me an annual fee even though they report they do not have my money. If I refuse to pay this fee they promise to ruin my credit. Sound like a scam? PLEASE tell me there is some way to get my money back?
Dr. DLP June 24, 2010
This report was posted on Ripoff Report on 06/24/2010 02:36 PM and is a permanent record located here: http://www.ripoffreport.com/r/Sterling-Trust-Company-Fidelity-Trade-And-APMEX-Precious-Metal/Waco-Texas-76710/Sterling-Trust-Company-Fidelity-Trade-And-APMEX-Precious-Metal-Sterling-Trust-and-Supe-617200. 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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