Got a nasty letter from the IRS. They claim that I understated my earnings (I actually lost money) of 1.7 million. The original 1099 that I received from Lloyds Asset Management and filed on my 2010 taxes was fradulent to begin with. It stated that I made over 900K. I filed my taxes with that form and my CPA showed the loss that I had experienced. Now the IRS says they received a 1099 that shows that I earned 1.7 million, not 900K, which are both fradulent. So, not only did I loose 180K, but I have to prove to the IRS that I didnt receive 1.7 million from Lloyds Asset Management. WHOOSE IN CONTROL OF THESE GUYS ANYWAY? I personally think that all these metal brokers are predatory and interested in your money going into their pocket.
I tried to contact Lloyds today, but the web site is down and their phone does not work. It really angers me that I was lied to and took a big loss, but now I have to deal with the Feds about money I never received. My best advice is to stay completely away from all the Metal's Guys.
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