• Report: #610994

Complaint Review: lloyds asset managements eric pozniak

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  • Submitted: Sun, June 06, 2010
  • Updated: Tue, December 18, 2012

  • Reported By: arnold — kelowna British Columbia Canada
lloyds asset managements eric pozniak
kelowna, British Columbia United States of America

lloyds asset managements eric pozniak took 100,000.00 dollars from me in 6 weeks kelowna, British Columbia

*REBUTTAL Individual responds: The REAL Truth PART 1 ...met Michael J Rothman at Lloyds

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lloyds asset managements , convinced me to invest into metals palladium , eric pozinak sounded very honest on the phone and convinced me to invest 100,000.00 dollars and promissed that he would look after the account and that he would put in place stop orders in case the price of metals would drop , well the price did drop and he kept phoning tell me to stay in and that we were ok, the prises will go up as fast as they went down ,and told me not to watch the market every day and that i was in good hands with him , well 4 weeks later i got a call from him saying that the market was down 100.00 per oz. and tha i had to sell of 1/2 of my holdings or come up with another 70,000.00 dollars , so i sold of 1/2 the holdings ot pay the so called short as he put it , he had placed on stop order to protect me as promissed , he just let me lose my money , know my 100,000.00 dollar investment was worth 30,000.00 dollars and he still told me we would bonce back , well the next thing the prices fell some more , then he said i,ll have to sell of and put the balance into silver , this is the only way to recover , they took there commision up front every time know my investment is down to 13000.00 dollars , this only took 6 weeks for them to get all of my money , these guys sell you and tell you the price is going up ,at the same time they are shorting the market , they know whats happening and there get all of your investments ,they are straight out crooks , eric pozinak and mr . strob i wish i would have done more resreach before i invested , please do not invest into this rip off company lloyds asset management , they manage there own assets not yours

This report was posted on Ripoff Report on 06/06/2010 09:04 PM and is a permanent record located here: http://www.ripoffreport.com/r/lloyds-asset-managements-eric-pozniak/kelowna-British-Columbia-v1p-8k2/lloyds-asset-managements-eric-pozniak-took-10000000-dollars-from-me-in-6-weeks-kelowna-610994. 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:
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Updates & Rebuttals

#1 REBUTTAL Individual responds

The REAL Truth PART 1 ...met Michael J Rothman at Lloyds

AUTHOR: Eric Pozniak - (United States of America)

I am writing to do the best I can to let individuals know how these Precious Metal Firms work. I, Eric Pozniak, unfortunately learned the hard way. I put trust in the owners of the firm believing they actually had the best interest of the clients at heart. I was wrong and certainly learned a hard lesson. I responded to an ad off of Craigslist for a "Precious Metals Broker".....no expereince required. Now mind you this was in S. Florida which is notorious for shady business practices. I was easily hired and quickly noticed the majority of individuals in the room where uneducated, had criminal records, and many had drug problems. In fact, one of the top producers and money makers was constantly looking out the window for his parole officer always trying to avoid a drug test. Xanax was his pill of choice....how else do you get by everyday losing (or should I say stealing) other peoples money. From the get go I was amazed at how much money the few at the top were making while just about every, if not all, of the firms clients were losing all their money.

Before I go any further, please understand I am speaking from my experience and will be more then happy to speak with anyone interested in "really" knowing the truth behind these boiler rooms. As I mentioned S. Florida was and still is a hotbed for precious metal dealers that "leverage" the metal for their clients. This is high risk with super high fees which make it virtually impossible for anyone to make money. The first company I went to was called GLOBAL BULLION EXCHANGE, followed by LLOYDS ASSET MANAGEMENT, and finally my last stop at the ROTHMAN GROUP or ROTHMAN METALS (not sure what they go by these days). The latter being owned by Michael J. Rothman who I actually looked up to while working next to him at LLOYDS ASSET MANAGEMENT. What a mistake that was.

Anyways the three firms all have some common factors. They all offered a high risk, high fee based investment making it virtually impossible for investors to make money unless they are extremely lucky. They all have roots in S. Florida and operate without any government regulation. They all hire just about anyone who has half a brain and isn't afraid to cold call. Remember unregulated means these indviduals are NOT licensed brokers.....they are very crafty salespeople who will say anything to get your money. They were all owned by highly skilled manipulators of employees and clients who also had expensive "habits" they needed to support. The bottom line is I got cuaght up with a real bad element in our society. This goes far beyond these three firms. Even in the above article the client accusing me of wrong doing did business with me because he felt I was honest......well I was honest with everything I said to him......it was when I put my trust in others within the organization when it all went wrong..........

I need to take a break for right now but please stay tuned for part two and three and maybe even four.  I have alot to share and surely am going to upset a few owners still operating these unregulated firms. Please feel free to email with any questions or for additinal information......stay tuned!!!!!

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