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Violation Tracker Individual Record

Company: American Precious Metals LLC
Penalty: $24,300,000
Year: 2012
Date: December 11, 2012
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: The promoters of a bogus investment scheme have agreed to a $24 million settlement to resolve Federal Trade Commission charges that they conned consumers into buying precious metals on credit without clearly disclosing significant costs and risks
Level of Government: federal
Action Type: agency action
Agency: Federal Trade Commission
Civil or Criminal Case: civil
Source of Data: (click here)
Archived Source: (click here)
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.