I approached Lear Capital to invest some retirement savings into physical silver.
Jody Alway was the company rep who was my contact person and wanted to inform me of the benefits of my decision to invest with Lear and silver bullion.
After many conversations and setting up my account, I wired my money to Lear. I then received a call from Alex Alexeff, whom I had never spoken to or been introduced to. It seems that once they have my money, sweet-talking Jody leaves the scene and Alex the shark steps in.
From the onset of my discussions with these people at Lear Capital, I had expressed my intent to purchase silver bullion at spot price. In the midst of my busy work schedule, Alex phoned me in the middle of the day, congratulating me that he had purchased my silver bullion at just under $30 per ounce. He was somewhat fast-talking and double-talking in his conversations.
After all was said and done, I received confirmation that what was actually purchased with my money were speculative 5 oz collector coins at $235 each. All I know is that my initial investment into silver has gone down $10,000 since my purchase with these people, which represents 1/3 of my investment!
Buyer beware of these people; they prey on the unsophisticated investor. I have since purchased a lot more silver, but not through these crooks. I have spread the word when I can to never speak to Lear Capital, and I plan to tell this and other stories I am familiar with of ripoffs from Lear. I will be contacting the Rush Limbaugh Show, 77 AM radio and any other advertisers Lear Capital uses to get their name out.
Mark
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