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Report: #605087

Complaint Review: EMPIRE WEALTH MANAGEMENT GROUP - New York New York

  • Submitted:
  • Updated:
  • Reported By: ExFedofficer — San Diego California United States of America
  • Author Not Confirmed What's this?
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  • EMPIRE WEALTH MANAGEMENT GROUP 40 Wall St New York, New York United States of America

EMPIRE WEALTH MANAGEMENT GROUP Spyker metals, World Clearing Corp. Scam, Boiler room, Ripoff New York , New York

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This firm is "silently" owned by Lou Alamera/ Ferrara of Spyker Metals. This firm has a front man Leon Cheshy  who's name is on the NYS corporation paper for Empire Wealth Management. These people also own the clearing firm that the victim sends their money too. World Clearing Corporation is a virtual office with Regus AND not registered any were in England. They sell to the elderly and use their self directed IRA account if the people dont have the cash to pay for it. The fees are out of this world 45% of the victims money is taken off the top because of the 3 to 1 leveraging. There is a 7% finance fee on the order. They read from scripts that are so bad that you can tell it was written by a idiot. They hire only brokers who has lost thier license ...since precious metals has no regulation you are being ripped off by some of the best criminals Wall st every produced. If you are sending your money to an "overseas" clearing firm owned by the same man that owns the firm that opens the account you are ripped off.  Even the people that work there are ripoff with bounced paychecks. If a scam artist from Empire Wealth calls you hang up. They are taking folks for thier retirement money and just opening shop under a different name every time. If I was still with the Bureau these guys would be done...just do a little research and everything I tell you is true.

This report was posted on Ripoff Report on 05/19/2010 08:29 PM and is a permanent record located here: https://www.ripoffreport.com/reports/empire-wealth-management-group/new-york-new-york-/empire-wealth-management-group-spyker-metals-world-clearing-corp-scam-boiler-room-rip-605087. 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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