CFTC Charges Precious Metals Dealers And Their Owner In Mult

<p><span>The Commodity Futures Trading Commission announced today it has filed a civil enforcement action in the U.S. District Court for the Eastern District of New York against two affiliated precious metals dealers located in Los Angeles, California,&nbsp;</span><span>Fisher Capital LLC&nbsp;</span><span>and&nbsp;</span><span>AMS Consulting Solutions LLC d/b/a Fisher Capital&nbsp;</span><span>(collectively Fisher Capital), and Fisher Capital&rsquo;s principal,&nbsp;</span><span>Alexander Spellane a/k/a Alexander Overlie</span><span>,</span><span>&nbsp;</span><span>for perpetrating a precious metals investment fraud targeting elderly persons nationwide. The complaint charges defendants with defrauding hundreds of elderly persons into investing more than $30 million in gold and silver coins worth far less than the defendants led victims to believe.</span></p>

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