In May 2011, the Federal Trade Commission issued a consumer alert about the dangers of gold fraud.
It was a prescient warning. Five months later, in October 2011, con artist Jamie Campany told ABC News how he cheated nearly 1,400 people of almost $30 million with a fake gold scam.
In February of this year, Goldline International, one of the country's largest dealers of gold and precious metals, agreed to pay $4.5 million to customers who had bought gold coins through them. The company,...Full Story