Page 1 of 3 123 LastLast
Results 1 to 15 of 41

Thread: Gullible, naive Fox News Viewers Scammed Into Spending Retirement Savings on Silver

  1. #1 | Top
    Join Date
    Nov 2017
    Posts
    3,559
    Thanks
    925
    Thanked 1,886 Times in 1,202 Posts
    Groans
    2
    Groaned 182 Times in 172 Posts

    Default Gullible, naive Fox News Viewers Scammed Into Spending Retirement Savings on Silver

    Fox News Viewers Scammed Into Spending Retirement Savings on Silver: Report
    November 18, 2019

    Gullible, naive Trump supporters who clicked ads on Fox News' website are allegedly being fleeced of thousands of dollars, which they traded for silver coins worth a quarter of what they paid.
    The report from Quartz focuses on the experience of a senior named Cheryl, who clicked on some banner ads on the Fox News website, to be routed to a company called Chase Metals which appeared to be associated with the network according to the banner ads.

    Within 24 hours, Cheryl was called by a representative saying they were from Chase Metals. Calling numerous times and trying to bond with her by discussing the Fox News programs she enjoys, the representative slid into her daily life before delivering a hard-sell pitch, which Cheryl said was "extremely high pressure."
    Among other things, the salesman informed her that President Trump's policies would devalue the current worth of the dollar and she'd lose money if a recession hit, mentioning a nonexistent law that would allow the government to strip Americans of their savings.

    The Chase Metals representative's solution? Transfer $83,000 from her 501k and buy coins from Chase Metals to be held in a special IRA that would allow a broader range of material investments. She bought an additional $63,000 in physical coins, which were later delivered to her home.
    But when Cheryl checked in on her IRA, it turned out that her holdings were worth less than a third of the $83,000 she'd spent; the value of the metal in the coins she'd purchased was less than the price she'd paid for them. While she eventually regained the $83,000 of her original investment, she ultimately still lost $25,000, money she had to make up for by selling back the coins she'd bought to Chase Metals at a reduced price. Because of the lost money, Cheryl and the two grandchildren she's raising are currently living off of Cheryl's Social Security checks.

    Cheryl filed a complaint with the Consumer Financial Protection Bureau through a Freedom of Information Act request. It turns out that Chase Metals has already been under investigation by various state regulators, who accuse the company of fraud or illegally offering investment advice without being registered in their states to do so. Multiple seniors have lost money investing with Chase, buying metals that had been marked up in value to up to 200 percent.

    Kentucky, Alabama and Georgia all have cases pending against the company as of press time, with the state of Texas declaring that Chase Metals had violated state law.
    A Facebook spokesman said to Quartz that the deceptive ads had "no place" on the website.
    "Over the past year we have removed pages and their associated ad accounts, but the people behind these ads continue to intentionally break our rules," he said.
    A Chase Metals—the sister company of metals.com—representative strongly denied all of Quartz' accusations, telling them it "takes an honest approach with its customers."


    A fool and her money are soon parted.


  2. #2 | Top
    Join Date
    Nov 2017
    Posts
    3,559
    Thanks
    925
    Thanked 1,886 Times in 1,202 Posts
    Groans
    2
    Groaned 182 Times in 172 Posts

    Default


  3. #3 | Top
    Join Date
    Oct 2017
    Location
    Living in rural America "clinging to my God and Guns"
    Posts
    12,581
    Thanks
    1,601
    Thanked 8,022 Times in 5,814 Posts
    Groans
    64
    Groaned 189 Times in 181 Posts

    Default

    Quote Originally Posted by DonaldvoTrumpovich View Post
    Fox News Viewers Scammed Into Spending Retirement Savings on Silver: Report
    November 18, 2019

    Gullible, naive Trump supporters who clicked ads on Fox News' website are allegedly being fleeced of thousands of dollars, which they traded for silver coins worth a quarter of what they paid.
    The report from Quartz focuses on the experience of a senior named Cheryl, who clicked on some banner ads on the Fox News website, to be routed to a company called Chase Metals which appeared to be associated with the network according to the banner ads.

    Within 24 hours, Cheryl was called by a representative saying they were from Chase Metals. Calling numerous times and trying to bond with her by discussing the Fox News programs she enjoys, the representative slid into her daily life before delivering a hard-sell pitch, which Cheryl said was "extremely high pressure."
    Among other things, the salesman informed her that President Trump's policies would devalue the current worth of the dollar and she'd lose money if a recession hit, mentioning a nonexistent law that would allow the government to strip Americans of their savings.

    The Chase Metals representative's solution? Transfer $83,000 from her 501k and buy coins from Chase Metals to be held in a special IRA that would allow a broader range of material investments. She bought an additional $63,000 in physical coins, which were later delivered to her home.
    But when Cheryl checked in on her IRA, it turned out that her holdings were worth less than a third of the $83,000 she'd spent; the value of the metal in the coins she'd purchased was less than the price she'd paid for them. While she eventually regained the $83,000 of her original investment, she ultimately still lost $25,000, money she had to make up for by selling back the coins she'd bought to Chase Metals at a reduced price. Because of the lost money, Cheryl and the two grandchildren she's raising are currently living off of Cheryl's Social Security checks.

    Cheryl filed a complaint with the Consumer Financial Protection Bureau through a Freedom of Information Act request. It turns out that Chase Metals has already been under investigation by various state regulators, who accuse the company of fraud or illegally offering investment advice without being registered in their states to do so. Multiple seniors have lost money investing with Chase, buying metals that had been marked up in value to up to 200 percent.

    Kentucky, Alabama and Georgia all have cases pending against the company as of press time, with the state of Texas declaring that Chase Metals had violated state law.
    A Facebook spokesman said to Quartz that the deceptive ads had "no place" on the website.
    "Over the past year we have removed pages and their associated ad accounts, but the people behind these ads continue to intentionally break our rules," he said.
    A Chase Metals—the sister company of metals.com—representative strongly denied all of Quartz' accusations, telling them it "takes an honest approach with its customers."


    A fool and her money are soon parted.

    They primarily prey on seniors all over the country by a variety of ad scams and telephone solicitations. Don't act like a dick by pointing out one example and making it look like they only prey on "hillbillies."
    Common sense is not a gift, it's a punishment because you have to deal with everyone who doesn't have it.

  4. #4 | Top
    Join Date
    Nov 2016
    Posts
    17,083
    Thanks
    1
    Thanked 7,931 Times in 5,049 Posts
    Groans
    0
    Groaned 1,132 Times in 1,060 Posts

    Default

    And computer security systems, used to be mattresses, but it seems that didn't fit in with the right's innate paranoia

  5. #5 | Top
    Join Date
    Nov 2017
    Posts
    3,559
    Thanks
    925
    Thanked 1,886 Times in 1,202 Posts
    Groans
    2
    Groaned 182 Times in 172 Posts

    Default

    Quote Originally Posted by archives View Post
    And computer security systems, used to be mattresses, but it seems that didn't fit in with the right's innate paranoia
    It's interesting. If you watch FoxNews, you see a lot of these scamming advertisements because they know FoxNews viewers are extremely gullible and just plain stupid.


  6. #6 | Top
    Join Date
    Jul 2009
    Posts
    83,604
    Thanks
    4,586
    Thanked 22,051 Times in 17,793 Posts
    Groans
    2,016
    Groaned 2,112 Times in 2,009 Posts

    Default

    its an advertisement.......is Fox also responsible if you aren't happy with your My Pillow?........
    Isaiah 6:5
    “Woe to me!” I cried. “I am ruined! For I am a man of unclean lips, and I live among a people of unclean lips, and my eyes have seen the King, the Lord Almighty.”

  7. #7 | Top
    Join Date
    Oct 2017
    Location
    Living in rural America "clinging to my God and Guns"
    Posts
    12,581
    Thanks
    1,601
    Thanked 8,022 Times in 5,814 Posts
    Groans
    64
    Groaned 189 Times in 181 Posts

    Default

    Quote Originally Posted by DonaldvoTrumpovich View Post
    It's interesting. If you watch FoxNews, you see a lot of these scamming advertisements because they know FoxNews viewers are extremely gullible and just plain stupid.

    Still acting like a dick...
    Common sense is not a gift, it's a punishment because you have to deal with everyone who doesn't have it.

  8. #8 | Top
    Join Date
    Feb 2016
    Posts
    44,046
    Thanks
    250
    Thanked 6,662 Times in 5,795 Posts
    Groans
    17
    Groaned 421 Times in 410 Posts

    Default

    Quote Originally Posted by RB 60 View Post
    Still acting like a dick...
    He's not acting. He's a dickhead.

  9. #9 | Top
    Join Date
    Apr 2017
    Posts
    1,990
    Thanks
    34
    Thanked 759 Times in 603 Posts
    Groans
    10
    Groaned 55 Times in 53 Posts

    Default

    that's nothing

    run some numbers on what my FICA dollars would look like if I could of invested privately

  10. #10 | Top
    Join Date
    Nov 2017
    Posts
    3,559
    Thanks
    925
    Thanked 1,886 Times in 1,202 Posts
    Groans
    2
    Groaned 182 Times in 172 Posts

    Default

    PostMortemPussy
    fully immersed in sin..
    This message is hidden because PostMortemPussy is on your ignore list.

    IQ 60
    COVFEFE.
    This message is hidden because IQ 60 is on your ignore list.

    CUM
    Verified Loser
    This message is hidden because CUM is on your ignore list.



  11. #11 | Top
    Join Date
    Oct 2017
    Location
    Living in rural America "clinging to my God and Guns"
    Posts
    12,581
    Thanks
    1,601
    Thanked 8,022 Times in 5,814 Posts
    Groans
    64
    Groaned 189 Times in 181 Posts

    Default

    Quote Originally Posted by DonaldvoTrumpovich View Post
    PostMortemPussy
    fully immersed in sin..
    This message is hidden because PostMortemPussy is on your ignore list.

    IQ 60
    COVFEFE.
    This message is hidden because IQ 60 is on your ignore list.

    CUM
    Verified Loser
    This message is hidden because CUM is on your ignore list.




    Go jack off to your pic of a naked Trump.
    Common sense is not a gift, it's a punishment because you have to deal with everyone who doesn't have it.

  12. #12 | Top
    Join Date
    Nov 2017
    Posts
    3,559
    Thanks
    925
    Thanked 1,886 Times in 1,202 Posts
    Groans
    2
    Groaned 182 Times in 172 Posts

    Default

    IQ 60
    COVFEFE.
    This message is hidden because IQ 60 is on your ignore list.



  13. #13 | Top
    Join Date
    Dec 2016
    Posts
    23,243
    Thanks
    6,494
    Thanked 13,818 Times in 9,601 Posts
    Groans
    19
    Groaned 343 Times in 331 Posts
    Blog Entries
    2

    Default

    Quote Originally Posted by RB 60 View Post


    Go jack off to your pic of a naked Trump.
    He is quite the wimpy bastard for sure.
    Consider the Oyster.

    C-4 is just angry playdoh.

  14. #14 | Top
    Join Date
    Mar 2018
    Location
    NC originally from NYC
    Posts
    10,980
    Thanks
    27,002
    Thanked 4,992 Times in 3,341 Posts
    Groans
    50
    Groaned 750 Times in 702 Posts
    Blog Entries
    1

    Default

    Quote Originally Posted by DonaldvoTrumpovich View Post
    It's interesting. If you watch FoxNews, you see a lot of these scamming advertisements because they know FoxNews viewers are extremely gullible and just plain stupid.

    Nationalism is an infantile disease. It is the measles of mankind. Albert Einstein

    America's future is bright, not white

    And it's not surprising then they get bitter, they cling to guns or religion or antipathy toward people who aren't like them or anti-immigrant sentiment

    ברוך השם

  15. #15 | Top
    Join Date
    Nov 2017
    Posts
    3,559
    Thanks
    925
    Thanked 1,886 Times in 1,202 Posts
    Groans
    2
    Groaned 182 Times in 172 Posts

    Default

    Quote Originally Posted by guno View Post


    So, the one on the left is Sailor and the one on the right is CFM. Right?


Similar Threads

  1. Replies: 3
    Last Post: 10-06-2019, 01:08 PM
  2. Forced to look at Retirement Savings (puking)
    By Chapdog in forum Current Events Forum
    Replies: 191
    Last Post: 03-21-2014, 05:41 AM
  3. White House budget proposal caps retirement savings accounts
    By cawacko in forum Current Events Forum
    Replies: 10
    Last Post: 04-14-2013, 01:44 PM
  4. Replies: 62
    Last Post: 11-24-2011, 01:27 PM
  5. Replies: 6
    Last Post: 01-06-2009, 02:07 PM

Bookmarks

Posting Rules

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •