Among the many paradoxical things about the court-ordered dismantling of Larry Bates' ill-gotten monetary empire is that a consistent part of his lawful self defense was to disregard as plain "anecdotes" the specific stories of sufferers created by the deceitful practices of his precious-metals firm, FAMC.
The painful truth of those little "stories" has amounted to a cumulative judgment by precious-metals clients around the United States that Bates and FAMC are "guilty" of not deserving their business at all. That's why Bates was in court in Memphis on Monday as his company and possessions entered into receivership.
And in time, those "stories" will come into play once again as the court decides on the $80-million class-action suit brought against Bates and his company by several of the victims of his deceitful practices. To name a few things: his company under-delivered purchases of precious metals or put off deliveries, defrauding consumers out of hundreds of thousands of dollars.
To us, these aren't merely "stories" but the true accounts of actual people who were exploited in an evil way. We feel saddened by the number of people whom Bates cheated for many years. We directly assisted several of them understand just how he was cheating them. We guided some of them toward the lawful assistance they needed, and this eventually resulted in the class-action suit.
We are humbled that the Lord chose us to help deliver a form of earthly justice against this fraudulent man and company, who garnered so much of their business by masquerading under "Christian" principles.
Now, following Monday's court procedures, we are hearing many more "anecdotes" in the form of letters of thanks from those we had helped.
"Many thanks for all your hard work!" read one e-mail. "You were 'anointed' for this. I luckily got my gold (assume it is gold) [from FAMC] and when I didn't get my silver order after years, they finally sent me a check with an increase as price had gone up. But I am [not sure] what I would have gotten had I actually gotten the silver."
The unfortunate aspect of this entire business is that Bates continued to create victims even when his house of cards was collapsing all around him. One man we just recently heard about had actually waited for more than a year to obtain a check for a trade he'd made. FAMC had the precious metal coins, yet the man didn't get his $30,000 from Bates.
And now the sad thing is that he most likely never will. That's one more "story" Bates can tuck away.
The painful truth of those little "stories" has amounted to a cumulative judgment by precious-metals clients around the United States that Bates and FAMC are "guilty" of not deserving their business at all. That's why Bates was in court in Memphis on Monday as his company and possessions entered into receivership.
And in time, those "stories" will come into play once again as the court decides on the $80-million class-action suit brought against Bates and his company by several of the victims of his deceitful practices. To name a few things: his company under-delivered purchases of precious metals or put off deliveries, defrauding consumers out of hundreds of thousands of dollars.
To us, these aren't merely "stories" but the true accounts of actual people who were exploited in an evil way. We feel saddened by the number of people whom Bates cheated for many years. We directly assisted several of them understand just how he was cheating them. We guided some of them toward the lawful assistance they needed, and this eventually resulted in the class-action suit.
We are humbled that the Lord chose us to help deliver a form of earthly justice against this fraudulent man and company, who garnered so much of their business by masquerading under "Christian" principles.
Now, following Monday's court procedures, we are hearing many more "anecdotes" in the form of letters of thanks from those we had helped.
"Many thanks for all your hard work!" read one e-mail. "You were 'anointed' for this. I luckily got my gold (assume it is gold) [from FAMC] and when I didn't get my silver order after years, they finally sent me a check with an increase as price had gone up. But I am [not sure] what I would have gotten had I actually gotten the silver."
The unfortunate aspect of this entire business is that Bates continued to create victims even when his house of cards was collapsing all around him. One man we just recently heard about had actually waited for more than a year to obtain a check for a trade he'd made. FAMC had the precious metal coins, yet the man didn't get his $30,000 from Bates.
And now the sad thing is that he most likely never will. That's one more "story" Bates can tuck away.
About the Author:
Want to find out more about precious metal investing, then visit Anne Trimble's site on how to buy gold and silver.
No comments:
Post a Comment