• Report: #687859

Complaint Review: Sterling Trust Company

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  • Submitted: Fri, January 28, 2011
  • Updated: Sun, February 13, 2011

  • Reported By: Bill — St. James New York United States of America
Sterling Trust Company
7901 Fish Pond Road, Waco, TX 76710 Internet United States of America

Sterling Trust Company As the custodian of my IRA account, Sterling Trust totally ignored its most basic fiduciary responsibilities regarding gold investments with Superior Gold Group from Santa Monica California. Internet

*Author of original report: Victim Update & Information found here.

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This is an IRA fraud case, in which Sterling Trust Company (Sterling), with intent to deceive or defraud or with reckless disregard for the truth or the law materially aided Bruce Sands of Superior Gold Group in committing fraud.

(Superior Gold Group is currently under investigation by the Santa Monica Attorneys office)

Sterling breached its fiduciary duty as a trustee by not investigating and or reporting to the authorities non delivery of gold to IRA accounts.

They were directly responsible as legally appointed custodians. [continued below]....

..... They claim no responsibility because the accounts are called 'self directed'. If the accounts were truly self directed then the law would not require them to be custodian between IRA customer and gold brokers.

It has been over 2 years since I sent Sterling Trust company my IRA money and they have not completed the transaction or given my money back.


This report was posted on Ripoff Report on 01/28/2011 07:13 AM and is a permanent record located here: http://www.ripoffreport.com/r/Sterling-Trust-Company/internet/Sterling-Trust-Company-As-the-custodian-of-my-IRA-account-Sterling-Trust-totally-ignored-687859. 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:
1Author 0Consumer 0Employee/Owner
Updates & Rebuttals

#1 Author of original report

Victim Update & Information found here.

AUTHOR: Higgins - (United States of America)


This is one place that all victims can share updated information on Superior Gold Group Case and Sterling Trust Company.

In Yahoo Groups: SGGINVESTOR

http://finance.groups.yahoo.com/group/SGGINVESTOR/

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