• Report: #1017307
Complaint Review:

Sterling Trust - Superior Gold(Bruce Sands)

  • Submitted: Wed, February 20, 2013
  • Updated: Wed, February 20, 2013

  • Reported By: Peggy — Dalton Nebraska United States of America
Sterling Trust - Superior Gold(Bruce Sands)
Wooded Acres, Ste120 Waco, Texas United States of America

Sterling Trust - Superior Gold(Bruce Sands) We rolled over retirement accouts into precious. Money went to sterling trust and was giving to Sands in return for precious metals which never made it into our accounts. Waco, Texas

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In 2008 we made the decision to roll  our retirement accounts into precious metals, after hearing Bruce Sands on a Christian radio station. Bruce had us set up accounts at Sterling Trust to roll our accounts over into. The money went to
Sterling Trust and they gave it to Superior Gold - Bruce Sands. But the percious metals never made ther way into our retirement accounts. Accounts we were being charged all kinds of fees on. Managing fees storage fees for empty accounts. They were managing and storing nothing.

Bruce Sands - Superior Gold were taken to civial court by the city attorney of Santa Monica. (we have the court transscripts)

Now we have lost 75,000.00 and are having a terrible run around by Sterling Trust to just close the accounts. In the  mean time Sterling Trust is charging fees for an account that has nothing in it. They want what they call a Fair Market Evaluation Sheet signed and noterized by a third party. We can find no one who can do this. We feel if anyone can say the accounts are empty it should be Sterling Trust themselves. No one wants to noterize a document saying these accounts are of no value. They have no way of knowing that except what we tell them.

So we have empty accounts being charged fees for managing and can't get Sterling Trust to just close the accounts.

This report was posted on Ripoff Report on 02/20/2013 10:12 AM and is a permanent record located here: http://www.ripoffreport.com/reports/sterling-trust-superior-goldbruce-sands/waco-texas-76710/sterling-trust-superior-goldbruce-sands-we-rolled-over-retirement-accouts-into-prec-1017307. 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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