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Report: #703967

Complaint Review: Lloyds Asset Management - Internet

  • Submitted:
  • Updated:
  • Reported By: Josh McAllister — Winnfield Louisiana USA
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  • Lloyds Asset Management 515 N Flagler Dr, Suite 305 Internet United States of America

Lloyds Asset Management Lloyds Commodities, Bob Stropp, James Burbage, Frank Gaudino, Sylvia Williams They stole our money!!!! Internet

*Consumer Suggestion: File Complaint with FTC CFTC FBI

*Consumer Suggestion: Contact CFTC,FTC and FBI

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This guy named Bob Stropp started calling in the spring of 2010 wanting my father-in-law to invest some money in polladium and silver. So  my father -in-law invested some and so did I . We made a small return on our investment on Polladium becuase Mr. stropp Had a commission right off of the top at around 10% plus a spead on the commodity you and service fees which they put in their pocket and also the interest rate on the loan they leverage your money with. So when we sold out I intially invested 25,000 dollars and my father-in-law invested 100,000. We began the process of trying to get Mr. Stropp to send our money home. He would not do it until we threatened him with attorneys.

Well I kinda keep up with the markets and knew that I could make some money in the Polladium market at the end of 2010 and also Mr.Stropp would not stop calling wanting me to invest. So I overlooked the problem with the first investment and reinvested 20'000 with him and demanded an internet account so I could keep up with my profit and loss. Well Polladium took off and I was making some money and lloyds was making alot of money. So I sold out at the end of December and told Mr. Stropp to send my money home which would have totaled 32,000 dollars. He said he had already reinvested the money into silver and he could not send it home, but promised me I would make over 5,000 dollars by the end of the year. I argued with him forever because I knew silver was not going to be profitable at the end of the year.

During this time I convinced my father-in-law to invest into polladium because I thought I was doing so great and he did. He invested 20,000 into polladium and 100'000 into silver and Bob knew that he did not keep a check on his accounts online. Well of course silver started to fall and I started trying to call Mr.Stropp and ask hime to sell my account so I would at least get my intial investment back, but I could never get bob on the phone . I would call probably 15 to 20 times a day. The secretary would say he is in a meeting or gone. So I asked for anybody in the office, but according to her no one else could handle my account. This went on for 1 month until the end of January when Bob calls and says Josh you are out of equity on your silver and you account value is only 16,000 dollars but I will put that into polladium and we will get your intial investment back.

I was so mad and argued with him forever and told him to send my money home that he had lost 16,000 dollars of my money while I had to sit and watch it dwindle down because he was nowhere around and would not return my calls. His famous saying is you only lose it when you take you money home and he said he would reinvest it into polladium. Well I knew polladium was a safe bet and I made them record me saying the phone that Bob would not make a commission on the trade. Two or three days later I get a statement in the mail that says my account value is at 8,000 so I call and threaten with my attorney and he sends another statement a week later that says the account value is like 10,000. He hid his commission on the first statement hoping maybe I would not notice and also pocketed some unallocated funds I had in my account.

After the bogus statements we started looking into my father-in-laws account ( prodigy of Mr .Stropp ) Max called my father-in-law and told him his account was up 12,000 dollars. So we demanded a password so we could check it on the computer. We found that his account value was only 74,000 and that Mr. Stropp had not been mailing out his statements and last but not least had been trading the account with out my father-in-laws knowledge or consent.
Had I know that shaun bob stropp was a 29 year old lying theif. I would have enver done business with him. Had I known all the people that I know of now that has been screwed by this company I would not have done business with him. Had I know I had more of an education in business and finance than him I would not have done business with him. Ladt but not least if we had just done a little investigating this company we would not have fallen victim to this company, but we learned a valuable lesson and will do everything within our power to prevent other investors from falling into this scam operation they have going.

This report was posted on Ripoff Report on 03/07/2011 06:35 PM and is a permanent record located here: https://www.ripoffreport.com/reports/lloyds-asset-management/internet/lloyds-asset-management-lloyds-commodities-bob-stropp-james-burbage-frank-gaudino-sylv-703967. 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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#2 Consumer Suggestion

File Complaint with FTC CFTC FBI

AUTHOR: fraud detectve - (USA)

POSTED: Thursday, May 19, 2011

you need to file your complaint with the CFTC here www.cftc.gov against lloyds commodities, lloyds metals and hunter wise commodities their "alleged" physical metals ultimate "clearing firm" have the CFTC  run an audit and you will know whether any PM were ever bought for you at all or you just got robbed. If you did get ripped off contact the FBI and your local U.S. Attorney's office.They will put those crooks in prison and you might get some of your money back thru CFTC civil case efforts because CFTC will have a federal judge freeze these scumbags assets until they are proven guilty or innocent.

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#1 Consumer Suggestion

Contact CFTC,FTC and FBI

AUTHOR: fraud detectve - (USA)

POSTED: Thursday, May 19, 2011

you need to file your complaint with the CFTC here www.cftc.gov and FTC here ftc.gov against lloyds commodities,WORTH BULLION GROUP,WORTH METALS AND lloyds metals and hunter wise commodities their "alleged" physical metals ultimate "clearing firm" have the CFTC run an audit and you will know whether any PM were ever bought for you at all or you just got

robbed. If you did get ripped off contact the FBI and your local U.S. Attorney's office.They will put those crooks in prison and you might get some of your money back thru CFTC and FTC Civil case efforts because CFTC will have a federal judge freeze these  scumbags assets until they are proven guilty or innocent.

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