Meyer Wilson

Recovering Losses Caused By Investment Misconduct

Portland Gold and Silver Investment Scheme Results in Fraud Charges

Lawrence Heim, of Tigard, has been indicted on 13 counts of mail fraud and wire fraud after accusations that he took 1.7 million from defrauded investors.

According to the indictment, Heim was the owner of the Portland-based US Gold & Silver Investments, Inc. and offered investments in silver coins. Investors would pay Heim through the mail, and he would then transfer that cash to his Portland bank account. Unfortunately, Heim is accused of not delivering the promised coins. Investors did not receive refunds on the cash, either.

Some of the affected investors report they trusted Heim and have been doing business with him for a long time. Robert McCurtain was among those investors, and he had also recommended his brother and mother invest their cash with Heim. "It's hard to admit that somebody you thought was a friend could have done something like this," said Robert McCurtain. "Did I screw up? I don't know." He estimates that his family lost a collective $350,000 to the scheme, not taking the coins' appreciation into account.

Heim is due in federal court next month for the charges.

If you have lost money on a fraudulent gold investment or other Portland investment fraud, contact a qualified investment fraud attorney today.

Categories: Investment Fraud

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