Consumer reviews and reports on scam companies, bad products and services
Newbridge Metals Gregg Scott Took 47000.00 in silver and gold to invest in more silver to help me double my money, then 8 months later said they had t
25th of Jan, 2013 by User836122
I took my precouis metals IRA, which was 47000.00 in silver and gold and sold it to newbridge metals because they said that was the only way I could leverage my metal for them to re-purchase more silver for the leverage in which they said I should be able to double my silver amount by the end of the year. I was told for 6 months that I was making money and everything was going great, then I saw that the commodities futures and trading commission was sueing Newbridge alliance corp. for making false contracts. I confronted gregg scott about this (my broker) and he said that they were just a company using their name and said that there was nothing to worry about. about 2 weeks later he told me that they had a lawyer check in to it and said they had decided to send their clients their silver back and he was going to send me my silver because they were scared that because of the lawsuit that they might have their assets frozen and that all their clients would lose everything. I assumed that he was sending me my 47000.00 worth of silver back to me, so I agreed. I tried to call gregg scott for about 2 weeks and could never get in contact with him. Gregg tells me for the last seven months that the silver that we had been purchasing was being stored in a depository. I finally get in touch with a guy name jonathan, that telss me that they are sending me a check instead of silver because they could not purchase it because the price is too high. I then get another story about having to purchase it after I have been told it was in a depository. I knew then that I was being ripped off, but what do you do? I recieved the check in the mail and put it in the bank, because I figured if I didn't, I would be lost that too. I would like to talk to other investors that have gotten tied up in this, and pursue a class action lawsuit if possible, because I don't know what else to do in order to get my silver and gold back.

Post your Comment

Complaint Details

Get new code


Recently Updated Reports

580 days ago by thestoryofdianegerrish
goldendoodle world - goldendoodle world lake ridge kennels Vulgar,...
I just came across this page a few minutes ago. I am Sandra Johnson and although this page was...
805 days ago by freeinfofraud - Unable to withdraw funds
Bitky be Aware! Unable to withdraw money! Bitky idoes not allow you to withdraw your funds, do...
809 days ago by ned l.
Bi Polar Bullies - Bi Polar Bullies Kennel Karen Wolfe BUYERS BEWERE OF THIS...
thank you for bringing this to my name is Karen Wolfe, i'm the owner of...
810 days ago by ned l.
ServiceMagic ServiceMagic scams and cheats contractors...
Jason - I'm sorry to hear about your experiences with your leads recently. The leads that...

User Registration

Already a member? Log in now.
E-mail address
Get new code

User Registration

A confirmation email was sent to "".
To confirm your account, please click the link in the message.

If you don't see the email in your Inbox, please check your Spam box.

User Login

Not a member of Register now.
E-mail address
Forgot your password?
E-mail address
Loading, please wait...
Your password has been sent to the specified email address. Log in