ED Magedson – Founder
Superior Gold Group100 Wilshire Boulevard, Suite 950 Santa Monica, Ca Waco, Texas United States of America
SGG stole our investmentsandthe increase in their value since January 2009. They are now using our life savings against us in court.Bruce Sands(Owner & CEO)alwaysseems to have the deck stacked in his favor.
I have not received delivery for 2 years.My original contract said delivery within 2 to 4 weeks.Greater than"30 days is breach of Contract."
I had my money transferred to SGG according to Government IRA regulations which included Sterling Trust Company as the custodian of the account. Their custodial andfiduciary responsibilitiesshould be investigated for not receiving delivery of the order andnot reporting it to the authorities.
I have been told by the Santa Monica Attorneys office there are more than 100 victims and that number is now growing.
Why hasn't this been reported in the media?
If you think you may be a victim of these companies, you probably are and should report it everywhere today. There are complaints at the FTC, SEC, Santa Monica City Attorneys office, Congressman Weiner (NY), and many other consumer protection agencies. SGG has stolen a lot of money from a lot of people, and the fact that much of it is peoples life savings makes it worse. The fact that many of these are IRA accounts means the government should stand by the system they set up for these investments. This may be the tip of the iceberg.
I have heard Bruce Sands of SGG has moved much of the assets offshore. I don't see how a judge could consider giving any assets back to Bruce Sands when none of it belongs to him, it belongs to the victims of this fraud.
The LA Times & ABC seem to be the only media to get a story out on the tip of the iceberg:
This report was posted on Ripoff Report on 01/02/2011 07:22 AM and is a permanent record located here: http://www.ripoffreport.com/reports/superior-gold-group/waco-texas-76710/superior-gold-group-superior-equity-group-gold-101-sterling-trust-company-sterling-trust-677700. 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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