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  • Report:  #898255

Complaint Review: Aurum Advisors

Aurum Advisors Aurum Charged Outrageous Premium Los Angeles, California

  • Reported By:
    Michael — Portland Oregon United States of America
  • Submitted:
    Sat, June 16, 2012
  • Updated:
    Sat, June 16, 2012
  • Aurum Advisors
    1801 Century Park E., suite 2500
    Los Angeles, California
    United States of America
  • Phone:
    800-940-7793
  • Category:

I bought $231,000 of gold proofs from Aurum, and then exchanged 70% of the gold, upon Aurum's advice, for silver proofs, all, as I recently learned, at incredibly inflated premiums.  I paid approximately $176,000 more than another dealer, from whom I bought physical silver regular bullion, told me were    reasonable prices on the days I bought from Aurum. 

The Oregon Department of Justice asked me to submit a complaint which they put together with at least one other complaint from an Oregon victim of Aurum's in order to build a case. 

Oregon DOJ told me recently that they have thus far been unable to convince the FBI to investigate Aurum.  DOJ also said they thought Aurum is connected with Columbian drug dealers, and that they are in the process of shutting down their operation in Los Angeles. 

DOJ will try again to get the FBI to investigate, but they need more complaints that represent larger sums of money.

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