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Report: #1342335

Complaint Review: Augustus Precious Metals - Beverly Hills California

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  • Updated:
  • Reported By: Mi1234 — California USA
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  • Augustus Precious Metals 8484 Wilshire Blvd Suite 515 Beverly Hills, California USA

Augustus Precious Metals Augusta Precious Metals Augutus Scams Me with Home Storage IRA Beverly Hills California

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In 2014 I responded to an online ad from Augustus Precious Metals about a home storage IRA that they were advertising. I transferred money to them to set up the home storage IRA. I paid them a fee to have it set up and they sent me the gold to store in my safe deposit box. Everything seemed OK until I received an audit letter from the IRS in 2016 stating that the home storage IRA Augustus set up is illegal. I was forced to pay almost $2000  in penalties to the IRS and the IRA Augustus set up was invalidated. In their quest for greed I lost of money for retirement needs. They scammed me into believing that a home storage IRA was legal but it's not. 

 

This report was posted on Ripoff Report on 12/09/2016 02:51 PM and is a permanent record located here: https://www.ripoffreport.com/reports/augustus-precious-metals/beverly-hills-california-90211/augustus-precious-metals-augusta-precious-metals-augutus-scams-me-with-home-storage-ira-1342335. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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