- Report: #687859
Complaint Review: Sterling Trust Company - Internet Internet
Reported By:
Bill -
St. James, New York, United States of America
Submitted:
Updated:
-
Author Not Confirmed
Why?
Sterling Trust Company
7901 Fish Pond Road, Waco, TX 76710 Internet, Internet, United States of America
Phone:
254.751.1505
Web:
http://www.sterling-trust.com/company/contact.html
Categories:
Business Rating:
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Sterling Trust Company As the custodian of my IRA account, Sterling Trust totally ignored its most basic fiduciary responsibilities regarding gold investments with Superior Gold Group from Santa Monica California. Internet
Report Attachments
This is an IRA fraud case, in which Sterling Trust Company (Sterling), with intent to deceive or defraud or with reckless disregard for the truth or the law materially aided Bruce Sands of Superior Gold Group in committing fraud.
(Superior Gold Group is currently under investigation by the Santa Monica Attorneys office)
Sterling breached its fiduciary duty as a trustee by not investigating and or reporting to the authorities non delivery of gold to IRA accounts.
They were directly responsible as legally appointed custodians. They claim no responsibility because the accounts are called 'self directed'. If the accounts were truly self directed then the law would not require them to be custodian between IRA customer and gold brokers.
It has been over 2 years since I sent Sterling Trust company my IRA money and they have not completed the transaction or given my money back.
1 Updates & Rebuttals
Higgins
St. James,New York,
United States of America
Victim Update & Information found here.
#2Author of original report
Mon, February 14, 2011
This is one place that all victims can share updated information on Superior Gold Group Case and Sterling Trust Company.
In Yahoo Groups: SGGINVESTOR
http://finance.groups.yahoo.com/group/SGGINVESTOR/
Power in numbers, please join to find out where complaints have been sent and what will be next.
