CUSTOMER ALLEGES THAT HE INCURRED LOSSES AFTER HE INVESTED IN A "SILVER PROGRAM" THROUGH ATLANTIC BULLION & COIN, A NON-AFFILIATED ENTITY WHICH THE RR TOLD HIM ABOUT. . ATLANTIC BULLION & COIN WAS NOT AN INVESTMENT APPROVED BY THE FIRM.
CUSTOMER ALLEGES HE INCURRED LOSSES BASED ON THE RR'S RECOMMENDATIONS TO TAKE LOANS FROM HIS TRADITIONAL WHOLE LIFE INSURANCE POLICIES TO INVEST IN A NON-NEW YORK LIFE INVESTMENT("SILVER PROGRAM" THROUGH ATLANTIC BULLION & COIN). ATLANTIC BULLION & COIN WAS NOT AN INVESTMENT APPROVED BY THE FIRM AND WAS DETERMINED TO BE A PONZI SCHEME
THE CUSTOMER ALLEGES SHE WAS DEFRAUDED IN OR AROUND AUGUST 2011 UPON THE RR'S RECOMMENDATION TO INVEST IN A NON-NEW YORK LIFE INVESTMENT SCHEME WHICH INVOLVED THE PURCHASE OF SILVER OFFERED AND SOLD BY ATLANTIC BULLION & COIN, INC. ("AB&C")
MR. GARRISON WAS TERMINATED AFTER HE ACKNOWLEDGED THAT HE ENGAGED IN AN UNAPPROVED INVESTMENT WITHOUT THE COMPANY'S KNOWLEDGE. MR. GARRISON INVESTED HIS OWN MONEY AND REFERRED OTHER PUBLIC CUSTOMERS TO INVEST IN A "SILVER PROGRAM" THROUGH ATLANTIC BULLION & COIN, A NON-AFFILIATED ENTITY, WHICH RECENTLY WAS NAMED IN A CIVIL COMPLAINT FILED BY THE SOUTH CAROLINA COMMISSIONER OF SECURITIES ALLEGING THAT ATLANTIC BULLION & COIN ENGAGED IN A FRAUDULENT SCHEME SELLING UNREGISTERED SECURITIES.
MR. GARRISON DENIED ANY KNOWLEDGE OF, OR INVOLVEMENT IN ANY ALLEGED FRAUDULENT SCHEME PERPETRATED BY ATLANTIC BULLION & COIN.
New Episode by Bill Singer, who clearly has far too much time on his hands.
- He alone of the six Texas Rangers still lives.
- Kemosabe, it mean trusty scout.
- I'll hide my identity somehow. I'll wear a disguise of some sort. You mean like mask? That's it Tonto, for now on I'll wear a mask.
- Here, hat, me wash in stream, dry in sun, make whiter. Thanks Tonto. Here gun to kill bad men. I'm not going to do any killing. You not defend yourself? Oh, I'll shoot if I have to, but I'll shoot to wound, not to kill. A man must die, that's up to the Law to decide that, not the man behind the six shooter.
- Yes, Tonto, I am a Lone Ranger.
- Buffalo dying, horse look bad, me shoot him?
- Him a beauty, like mountain of snow, silver white. Silver -- that would be a name for him. Here Silver. Come back big fellow.
- Then, in the future, whenever Tonto and I come back here we'll get the pure metal for money and bullets. Bullets? Yes, I want some of the ore cast into silver bullets. Thunderation, what's the matter with lead bullets? They'll kill just as well.
LONE RANGER: Jim, I'm here for another 60 bullets.JIM BLAINE: I'm not sure how to put this, but, this time, I have to charge you.RANGER: Charge me?BLAINE: Yeah, by criminy, you see I bought some silver futures to hedge our silver mine assets and the market sort of turned against us.RANGER:What do you mean "us"?BLAINE:Well, you know, you and me, kemosabe and all.RANGER: Don't kemosabe me, JimBLAINE: Now all of sudden I ain't no kemosabe of yours. I know Tonto too.RANGER: I know Tonto. Tonto is a friend of mine. You, Jim, are no Tonto.BLAINE: Okay, how about I pretend that I'm Lloyd Bentsen?RANGER: Is he riding with the Quayle gang?BLAINE: No.RANGER: Then stop calling me kemosabe.BLAINE: Okay, don't get all huffy on me. In any event, the spot market price for silver is $21.50 an ounce, you got an ounce of silver in each bullet, that's $21.50 times 60, which I figger is sumpthin' like $1,290 but let's round it up to an even $1,300 to cover my handling, and, for ol' times sake, I'll give you a discount. Howsabout we call it even at $1,000?RANGER: Jim, you smoking that Mexican grass again? You doing those funny mushrooms we used to pick in them thar hills? Did you recently take the stagecoach on a round trip to Denver?BLAINE: That depends. You askin' as my kemosabe or as a law enforcement agent with the Texas Rangers?RANGER: Look, I am not paying a thousand bucks for 60 silver bullets; and, anyways, I'm a part owner of the silver mine.BLAINE: Okay, tell you what, just cuz you're bringin' that part-owner thing up and throwin' it in my face and all, this one time only, you can have the 60 bullets for $500.RANGER: You're driving a hard bargain. You do realize that I have a gun and am wearing a mask, right? I could just as easily rob you and you'd never know who did it.BLAINE: And you do realize that I know you're John Reid, right?RANGER: Oh, yeah, I sort of forgot about that. Look, Jim, here's the thing, Tonto and I are a bit short this month. The shopping center appearances have been drying up. It's all Iron Man this and Spiderman that these days. No one seems to appreciate an Old Western hero anymore. Tell you what, let's go down to a half ounce of silver per bullet.BLAINE: Hmmm . . . listen John, sorry, Lone Ranger, what if we just do a full ounce of lead and I paint the thing silver. Work just as well. No one will ever know. I could do that for something like $20, just to cover my time and all.RANGER: Can I pay for that with PayPal?BLAINE: Sure . . . I'll even accept BitCoin.RANGER: Fine, I'll make the payment through my iPhone, but I'll need to recharge the battery first. Where's your outlet?BLAINE: Don't got no outlet. They ain't invented that electricity thing yet. Got no Wi-Fi or Internet either. We're still in the 19th Century.RANGER: Oh my, then we have a continuity problem.