Eric Pozniak
Las Vegas,#2REBUTTAL Individual responds
Wed, December 19, 2012
I am writing to do the best I can to let individuals know how these Precious Metal Firms work. I, Eric Pozniak, unfortunately learned the hard way. I put trust in the owners of the firm believing they actually had the best interest of the clients at heart. I was wrong and certainly learned a hard lesson. I responded to an ad off of Craigslist for a "Precious Metals Broker".....no expereince required. Now mind you this was in S. Florida which is notorious for shady business practices. I was easily hired and quickly noticed the majority of individuals in the room where uneducated, had criminal records, and many had drug problems. In fact, one of the top producers and money makers was constantly looking out the window for his parole officer always trying to avoid a drug test. Xanax was his pill of choice....how else do you get by everyday losing (or should I say stealing) other peoples money. From the get go I was amazed at how much money the few at the top were making while just about every, if not all, of the firms clients were losing all their money.
Before I go any further, please understand I am speaking from my experience and will be more then happy to speak with anyone interested in "really" knowing the truth behind these boiler rooms. As I mentioned S. Florida was and still is a hotbed for precious metal dealers that "leverage" the metal for their clients. This is high risk with super high fees which make it virtually impossible for anyone to make money. The first company I went to was called GLOBAL BULLION EXCHANGE, followed by LLOYDS ASSET MANAGEMENT, and finally my last stop at the ROTHMAN GROUP or ROTHMAN METALS (not sure what they go by these days). The latter being owned by Michael J. Rothman who I actually looked up to while working next to him at LLOYDS ASSET MANAGEMENT. What a mistake that was.
Anyways the three firms all have some common factors. They all offered a high risk, high fee based investment making it virtually impossible for investors to make money unless they are extremely lucky. They all have roots in S. Florida and operate without any government regulation. They all hire just about anyone who has half a brain and isn't afraid to cold call. Remember unregulated means these indviduals are NOT licensed brokers.....they are very crafty salespeople who will say anything to get your money. They were all owned by highly skilled manipulators of employees and clients who also had expensive "habits" they needed to support. The bottom line is I got cuaght up with a real bad element in our society. This goes far beyond these three firms. Even in the above article the client accusing me of wrong doing did business with me because he felt I was honest......well I was honest with everything I said to him......it was when I put my trust in others within the organization when it all went wrong..........
I need to take a break for right now but please stay tuned for part two and three and maybe even four. I have alot to share and surely am going to upset a few owners still operating these unregulated firms. Please feel free to email with any questions or for additinal information......stay tuned!!!!!