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
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
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.