Robert Higgins, the owner of Argent Asset Group (LLC) and First State Depository Company, LLC, was embroiled in a media firestorm when the Commodity Futures Trading Commission (CFTC) alleged fraud against him and his companies in connection with a multimillion-dollar scheme involving hundreds of customers.
The civil suit, filed in October 2022, claimed that since 2014 Argent and First State Depository, operating as a single enterprise under the tutelage of Higgins, fraudulently solicited and misappropriated at least $7 million from at least 200 customers with a silver-leasing plan known as the Maximus Program. The CFTC asserts the Maximus Program promised payments to enrolled customers who leased silver to Argent and that customers were informed silver would be acquired and insured on their behalf.
However, the suit asserts that the defendants misappropriated the customers’ assets and misled clients who attempted to transfer their holdings to other depositories and failed to provide the insurance coverage promised. The CFTC claims Higgins is at least indirectly responsible, given his role as the operator of Argent and First State Depository. And that’s not all…
PRIVATE SAFETY DEPOSIT BOXES RAIDED
On the West Coast came another bombshell when U.S. Private Vaults in Beverly Hills, California, was raided by FBI agents in March 2021. The storefront safety-deposit company operated on a system where customers could rent boxes on an anonymous basis. This raised concerns from authorities that “only those who wish to hide their wealth from the DEA, IRS, or creditors would” anonymously rent boxes from U.S. Private Vaults, as wrote FBI agent Lynne Zellhart in an affidavit.
この記事は COINage Magazine の April - May 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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この記事は COINage Magazine の April - May 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
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