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Report: #916802

Complaint Review: Lloyds Asset Management - West Palm Beach Florida

  • Submitted:
  • Updated:
  • Reported By: Larry — Oklahoma City Oklahoma United States of America
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  • Lloyds Asset Management 515 N. Flagler Drive West Palm Beach, Florida United States of America

Lloyds Asset Management reported on a 1099, false info. to the tune of 1.7 million dollars West Palm Beach, Florida

*Consumer Comment: 1099 fraud too

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Got a nasty letter from the IRS.  They claim that I understated my earnings (I actually lost money) of 1.7 million.  The original 1099 that I received from Lloyds Asset Management and filed on my 2010 taxes was fradulent to begin with.  It stated that I made over 900K.  I filed my taxes with that form and my CPA showed the loss that I had experienced.  Now the IRS says they received a 1099 that shows that I earned 1.7 million, not 900K, which are both fradulent.  So, not only did I loose 180K, but I have to prove to the IRS that I didnt receive 1.7 million from Lloyds Asset Management.  WHOOSE IN CONTROL OF THESE GUYS ANYWAY??   I personally think that all these metal brokers are predatory and interested in your money going into their pocket.  

I tried to contact Lloyds today, but the web site is down and their phone does not work.  It really angers me that I was lied to and took a big loss, but now I have to deal with the Feds about money I never received.   My best advice is to stay completely away from all the Metal's Guys. 

This report was posted on Ripoff Report on 07/24/2012 02:28 PM and is a permanent record located here: https://www.ripoffreport.com/reports/lloyds-asset-management/west-palm-beach-florida-33401/lloyds-asset-management-reported-on-a-1099-false-info-to-the-tune-of-17-million-dollar-916802. 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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#1 Consumer Comment

1099 fraud too

AUTHOR: Karen - (USA)

POSTED: Saturday, March 26, 2016

wondered the outcome of the fraudulent 1099 as I Have been in process of 1099 reported to IRS for 2.7 million that I never received either.  Did you get straightened out with IRS as they are playing hard ball with me?  my mistake was being swindled under loss of loved one I lost the insurance money and now face homelessness if can't get straightened out.

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