Arthur John Schlecht

Date:

April 3, 2014

Type of alert:

Fraud  

Arthur John Schlecht was found guilty of operating a fraudulent precious metals investment business that fleeced $25 million from investors. Schlecht, of Boone, North Carolina promised hundreds of clients purported safe investments in gold, silver, platinum, and palladium. He assured these innocent investors that the precious metals would be stored in vaults, all while making steady gains. But instead of investing the money, Schlecht spent millions on cars, jewelry, maid services, landscaping, interior furnishings, and other personal luxuries.

Schlecht hid his scam by creating several sketchy corporations, Global Bullion Trading Group Inc., WJS Funding Inc., d/b/a Capital Asset Management, and Certified Inc. d/b/a Certified Clearing. Each business claimed to be a prudent investment firm offering investors the opportunity to purchase precious metals with a track record of safe returns. However, the companies did not purchase actual metal in the name of their investors.

Frederick B. Gomer, Carlos Rodriguez, Ricardo Padron, and Robert Roca helped him steal millions, making the crimes a conspiracy. Each co-defendant pleaded guilty prior to trial.  Schlecht now faces up to a 40 year sentence as well as fines and restitution.

Take the next steps to find out if you have a claim:

Step 1.

Talk to an Experienced Attorney Today

Call and speak to one of our attorneys* for a no-cost consultation to discuss your situation, answer your questions, and help you determine the next steps. This call usually takes about 15 minutes, but we are happy to talk to you as long as you would like!

Step 2.

Quick Review of Your Paperwork

If we think you might have a case, we will need to review a few basic documents. If we determine you have a case, then you will have the option to hire us as your attorneys to pursue it.

Step 3.

Signed Attorney/Client Agreement

If you decide to hire us to pursue your case, we will have you sign an attorney-client agreement so we can begin the process of trying to recover your losses.*

*In the vast majority of cases, our agreement is contingent – meaning you won’t owe us any money unless we recover money for you.


Request a Consultation

This site contains attorney advertising. The attorneys at ChapmanAlbin are licensed to practice law in Ohio and Michigan. Any reference to past cases or successes made herein should not be construed as a guarantee of any future outcome. Each client and each client’s case is unique, and no result or outcome is or can ever be guaranteed. The information provided in this website is offered for general information purposes only; it is not offered as and does not constitute legal advice in any way. // Disclaimer