American Precious Metals, LLC.

**Please see important attachments at the bottom of the page**

December 17, 2014 Update:

See Downloads section below for the Order closing the Receivership in the case of FTC v. American Precious Metals LLC

See Downloads section below for the Receiver's Final Report in the case of FTC v. American Precious Metals LLC

September 17, 2013 Update:

See Downloads section below for the Receiver's Tenth Report in the case of FTC v. American Precious Metals LLC

April 30, 2013 Update:

See Downloads section below for the Receiver's Unopposed Motion for Authority to Liquidate Tanner Condominium in the case of FTC v. American Precious Metals LLC

March 18, 2013 Update:

See Downloads section below for the Receiver's Ninth Report in the case of FTC v. American Precious Metals LLC

January 15, 2013 Update:

See Downloads section below for the Receiver's Eighth Report in the case of FTC v. American Precious Metals LLC

January 8, 2013 Update:

See Downloads section below for the Order Granting Receiver's Unopposed Motion to Approve Settlement with Lea Nehme

December 17, 2012 Update:

See Downloads section below for the Order Granting Receiver's Unopposed Motion to Approve Settlement with Marc Erenstein

December 12, 2012 Update:

See Downloads section below for the Receiver's Unopposed Motion to Approve Settlement with Marc Erenstein

December 11, 2012 Update:

See Downloads section below for the Order Granting Receiver's Unopposed Motion to Approve Settlement with George Sarafianos, John D'Onofrio, Janeco, Inc., and APM Sales and Marketing, Inc.

See Downloads section below for the Order Granting Receiver's Unopposed Motion to Approve Settlement with Deron and Gary Baugh

December 7, 2012 Update:

See Downloads section below for the Order Granting Receiver's Unopposed Motion for Authority to Liquidate Jewelry Secured by the Receiver

See Downloads section below for the Receiver's Unopposed Motion to Approve Settlement with Deron and Gary Baugh

December 6, 2012 Update:

See Downloads section below for the Receiver's Unopposed Motion to Approve Settlement with George Sarafianos, John D'Onofrio, Janeco, Inc., and APM Sales and Marketing, Inc.

December 5, 2012 Update:

See Downloads section below for the Receiver's Unopposed Motion for Authority to Liquidate Jewelry Secured by the Receiver

See Downloads section below for the Receiver's Unopposed Motion to Approve Settlement with Lea Nehme

November 19, 2012 Update:

See Downloads section below for the Stipulated Final Judgment and Permanent Injunction against American Precious Metals, Harry Tanner, and Andrea Tanner

See Downloads section below for the Stipulated Final Judgment and Permanent Injunction against Sam Goldman

November 16, 2012 Update:

See Downloads section below for the Order Granting Receiver's Unopposed Motion to Approve Settlement with Sam Goldman, Rosalind Goldman, and RJG Group Inc.

November 7, 2012 Update:

See Downloads section below for the Receiver's Unopposed Motion to Approve Settlement with Sam Goldman, Rosalind Goldman, and RJG Group Inc.

October 15, 2012 Update:

See Downloads section below for the Receiver's Seventh Report in the case of FTC v. American Precious Metals LLC

July 16, 2012 Update:

See Downloads section below for the Receiver's Sixth Report in the case of FTC v. American Precious Metals LLC

April 18, 2012 Update:

See Downloads section below for the Receiver's Fifth Report in the case of FTC v. American Precious Metals LLC

January 19, 2012 Update:

See Downloads section below for the Receiver's Fourth Report in the case of FTC v. American Precious Metals LLC

January 5, 2012 Update:

See Downloads section below for the Order denying Defendants’ motion for return of funds in the American Precious Metals bank account at TD Bank

December 28, 2011 Update:

See Downloads section below for the Preliminary Injunction against Defendant Sam J. Goldman

December 22, 2011 Update:

See Downloads section below for the Order dated December 22, 2011

November 7, 2011 Update:

See Downloads section below for the Order Granting Motion for Settlement with Hartford Precious Metals, LLC and Its Affiliates in the case of FTC v. American Precious Metals LLC

October 21, 2011 Update:

See Downloads section below for the Receiver's Third Report in the case of FTC v. American Precious Metals LLC.

October 17, 2011 Update:

See Downloads section below for the Receiver's Complaint against Sam Goldman, Rosalind Goldman, and RJG Group Inc.

October 7, 2011 Update:

See Downloads section below for the Receiver's Unopposed Motion to Approve Settlement with Nonparties Hartford Precious Metals; LLC and its Affiliates; Incorporated Memorandum of Law

August 1, 2011 Update:

See Downloads section below for the Receiver's Second Report in the case of FTC vs American Precious Metals LLC

July 1, 2011 Update:

Since the last update on June 16, 2011, Global Asset Management, Inc. has informed the Receiver that (1) it has fully distributed funds to customers whose accounts were liquidated pursuant to the Receiver’s instructions (and had a positive account balance upon liquidation); and (2) all metals have been shipped to customers who have requested physical delivery of their metals. If you have any questions regarding the above, please contact Global Asset Management, Inc., toll free at: 1.888.421.1021. Global Asset Management is located at: 2321 Hollywood Blvd., Hollywood, FL 33020, and its e-mail is: info@globalam.net. Regarding the customers who deposited funds into American Precious Metals, LLC’s bank account during the week before the receivership’s commencement (i.e., from May 4, 2011 onward), the Receiver will be addressing with the Court in the near future the disposition of the funds held in that bank account as of the receivership’s commencement, as well as funds deposited after the receivership’s commencement. The Receiver appreciates all customers’ continued patience during this process.

June 16, 2011 Update:

Global Asset Management, Inc. has informed the Receiver that (1) it has already distributed $1,809,983.65, via check or wire, to 192 customers introduced to Global Asset Management, Inc. by American Precious Metals, LLC, who provided Global Asset Management, Inc. with written liquidation instructions; (2) certain customers had negative equity in their accounts upon liquidation, and therefore Global Asset Management, Inc. will not owe any monies to these customers and will not seek to collect on the deficient amount in these accounts; (3) Global Asset Management, Inc. will distribute today funds to customers whose accounts were liquidated pursuant to the Receiver’s instructions (and had a positive account balance upon liquidation); and (4) certain customers have requested physical delivery of metals, which are scheduled to ship in the near future to the address they have designated. If you have any questions regarding the above, please contact Global Asset Management, Inc., toll free at: 1.888.421.1021. Global Asset Management is located at: 2321 Hollywood Blvd. Hollywood, FL 33020, and its e-mail is: info@globalam.net.

June 9, 2011 Update:

The Honorable William J. Zloch granted Receiver's Emergency Motion for Authority to Direct Global Asset Management to Distribute Liquidated Funds, Precious Metals Positions, And/or Physical Metals to APM's customers.

June 7, 2011 Update:

Receiver files Emergency Motion For Authority to Direct Global Asset Management, Inc. (The American Precious Metals, LLC, Clearing Firm) To Distribute Liquidated Funds, Precious Metal Positions, And/Or Physical Metals to APM's Customers. (Please see Receiver's Motion attached below).

June 6, 2011 Update:

The Receiver has received, and continues to receive, numerous inquiries from American Precious Metals, LLC (“APM”) customers concerning the status of the accounts and assets held at Global Asset Management, Inc. While the Receiver understands and empathizes with APM’s customers concerns, the Receiver required sufficient time to review and analyze documents and information just recently obtained to make a determination as to how to handle these assets.

The Receiver has now concluded that process and intends to file a motion with the Court in the coming days seeking authority to instruct Global Asset Management, Inc. to receive and act upon APM customers’ instructions to either release customer funds (cash), transfer assets away from Global Asset Management, Inc. or deliver metals to the customer.

The Receiver will post a copy of his motion when filed with the Court.

May 25, 2011 Update:

Pursuant to the Court's Order dated May 13, 2011, and as the Receiver has previously advised, Global Asset Management, Inc. has been instructed to begin liquidating all of those APM accounts that have not, as of the close of business on May 24, 2011, made an election to Global Asset Management, Inc. to liquidate and/or hold the positions in accounts.

May 21, 2011 Update:

In light of the fact that customers are continuing to provide instructions to Global Asset Management, Inc. as to their intentions to liquidate and/or hold the positions in accounts, the Receiver will allow APM customers up through the close of business on Monday, May 23, 2011, to provide written instructions to Global Asset Management, Inc. as to their intentions. After such date, the Receiver, in his sole discretion and without further notice, may instruct Global Asset Management, Inc. to begin liquidation of all those APM accounts that have not, at that point in time, made their written election to Global Asset Management, Inc.

May 19, 2011 Update:

The Receiver, in cooperation with legal counsel for Global Asset Management, Inc., the clearing firm for American Precious Metals, LLC ("APM"), has been carefully monitoring the situation with respect to APM customers' instructions to Global Asset Management, Inc. to either liquidate their account positions and go to cash, or to hold. Global Asset Management, Inc. has informed the Receiver that, to date, a significant number of APM customers have made such an election (i.e. to liquidate or hold), and significant numbers of APM customers continue to do so on a daily basis. Given the material number of APM customers who have made such a decision to date, the Receiver, out of a desire to respect the investment decisions of APM customers to the extent possible under these circumstances, balanced against his recognition of his Court-ordered authority to effectuate liquidation of APM customer accounts if, and when, deemed prudent, the Receiver will allow APM customers up through the close of business on Friday, May 20, 2011, to provide written instructions to Global Asset Management, Inc. as to their intentions. After such date, the Receiver, in his sole discretion and without further notice, may instruct Global Asset Management, Inc. to begin liquidation of all those APM accounts that have not, at that point in time, made their written election to Global Asset Management, Inc.

May 16, 2011 Update:

On May 13, 2011, United States District Court Judge William J. Zloch granted the Receiver’s Emergency Motion for Authority to Liquidate Positions at American Precious Metals, LLC’s Clearing Firm Accounts. The Court’s Order authorizes the Receiver to instruct Global Asset Management, Inc. to liquidate all open precious metal positions in accounts – whether titled in the name of, or controlled by, American Precious Metals, LLC and/or American Precious Metals, LLC’s customers – except:

(1) accounts for those specific customers that have already liquidated their positions; and

(2) accounts for those specific customers that have already instructed Global Asset Management, Inc. not to liquidate their positions.

Accordingly, if you do not want the Receiver to liquidate your account, you must instruct Global Asset Management, Inc. in writing by no later than the close of business on Tuesday, May 17, 2011 of your intentions, as the Receiver intends to begin liquidating accounts as of Wednesday, May 18, 2011.

In the event you wish to liquidate your investments purchased through American Precious Metals LLC, you may do so by contacting Global Asset Management, Inc., toll free at: 1.888.421.1021. Global Asset Management is located at: 2321 Hollywood Blvd. Hollywood, FL 33020, and its e-mail is: info@globalam.net (Please send a carbon copy of any e-mail instructions sent to Global Asset Management to the Receiver as well at: robert@americanpreciousmetalsllcreceiver.com).

May 13, 2011 Update:

PLEASE BE ADVISED that AMERICAN PRECIOUS METALS LLC and its subsidiaries, affiliates, divisions, successors, and assigns, including fictitious names under which it does business was placed into Receivership on May 11, 2011, pursuant to an Order issued by Judge William Zloch, United States District Court Judge, in Case No. 11-61072-CIV-ZLOCH (See link to .pdf file on this website to download Temporary Restraining Order), pending in the United States District Court for the Southern District of Florida. American Precious Metals LLC will not, pending further order of the Court, be providing investment advice or accepting any purchase or sell orders.

In the event you wish to liquidate your investments purchased through American Precious Metals LLC, you may do so by contacting Global Asset Management, Inc., toll free at: 1.888.421.1021. Global Asset Management is located at: 2321 Hollywood Blvd. Hollywood, FL 33020, and its e-mail is: info@globalam.net (Please send a carbon copy of any e-mail instructions sent to Global Asset Management to the Receiver as well at: robert@americanpreciousmetalsllcreceiver.com).

The Receiver, David R. Chase, will shortly file a motion with the Court asking for the authority to instruct Global Asset Management, Inc. to liquidate all open precious metal positions in all accounts – whether titled in the name of, or controlled by, APM and/or APM’s customers – except:

(1) accounts for those specific customers that have already liquidated their positions; and

(2) accounts for those specific customers that have in writing instructed Global Asset Management not to liquidate their positions. Accordingly, if you do not want to have your account liquidated as part of the Receiver’s motion (assuming such motion is granted by the Court), you must immediately contact Global Asset Management and inform them in writing that your account should not be liquidated as part of the Receiver’s motion.

All inquiries concerning this Receivership should be e-mailed to Robert Carey, Esq., Deputy Receiver, at: robert@americanpreciousmetalsllcreceiver.com. In order to efficiently utilize the Receiver’s limited resources at this early stage, it is requested that all inquiries should be made in writing to Mr. Carey’s e-mail address. All reasonable efforts will be made to respond as promptly as possible under the circumstances.

The Receiver will provide material, periodic updates about the Receivership as they arise.

Downloads

Order closing the Receivership

Receiver's Final Report.pdf

Receiver's Tenth Report.pdf

Receiver's Unopposed Motion for Authority to Liquidate Tanner Condominium.pdf

Receiver's Ninth Report.pdf

Receiver's Eighth Report.pdf

Order Granting Receiver's Unopposed Motion to Approve Settlement with Lea Nehme.pdf

Order Granting Receiver's Unopposed Motion to Approve Settlement with Marc Erenstein.pdf

Receiver's Unopposed Motion to Approve Settlement with Marc Erenstein.pdf

Order Granting Receiver's Unopposed Motion to Approve Settlement with George Sarafianos, John D'Onofrio, Janeco, Inc., and APM Sales and Marketing, Inc.pdf

Order Granting Receiver's Unopposed Motion to Approve Settlement with Deron and Gary Baugh.pdf

Order Granting Receiver's Unopposed Motion for Authority to Liquidate Jewelry Secured by the Receiver.pdf

Receiver's Unopposed Motion to Approve Settlement with Deron and Gary Baugh.pdf

Receiver's Unopposed Motion to Approve Settlement with George Sarafianos, John D'Onofrio, Janeco, Inc., and APM Sales and Marketing, Inc.pdf

Receiver's Unopposed Motion for Authority to Liquidate Jewelry Secured by the Receiver.pdf

Receiver's Unopposed Motion to Approve Settlement with Lea Nehme.pdf

Stipulated Final Judgment and Permanent Injunction against American Precious Metals, Harry Tanner, and Andrea Tanner.pdf

Stipulated Final Judgment and Permanent Injunction against Sam Goldman.pdf

Order Granting Receiver's Unopposed Motion to Approve Settlement with Sam Goldman, Rosalind Goldman, and RJG Group Inc.pdf

Receiver's Unopposed Motion to Approve Settlement with Sam Goldman, Rosalind Goldman, and RJG Group Inc.pdf

Seventh Receiver's Report.pdf

Sixth Receiver's Report.pdf

Fifth Receiver's Report.pdf

Fourth Receiver's Report.pdf

Order Denying Defendants' Motion for Return of Funds from TD Bank Account

Preliminary Injunction against Sam J. Goldman

Order dated December 22, 2011

Order Granting Motion for Settlement with Hartford Precious Metals, LLC and Its Affiliates

Third Receiver's Report

Receiver's Complaint against Sam Goldman, Rosalind Goldman, and RJG Group Inc.pdf

Receiver's Unopposed Motion to Approve Settlement with Nonparties Hartford Precious Metals, LLC and its Affiliates; Incorporated Memorandum of Law.pdf

August 1, 2011 Second Receiver’s Report.pdf

06-09-2011 Order Granting Receiver's Emergency Motion.pdf

Receiver's Motion for the Authority to Direct Global to Return Funds.pdf

Receiver's Proposed Order for the Court regarding Motion for Authority to Direct Global to Return Funds.pdf

May 24, 2011 Stipulated Preliminary Injunction.pdf

May 23, 2011 Exhibit A to Receiver's Report.pdf

May 23, 2011 Receiver's Report.pdf

05-20-2011 Defendants' Response to Courts Order to Show Cause.pdf

CFTC Charges APM With Fraud.pdf

FTC Stops Bogus Precious Metal Dealers.pdf

APM TRO.pdf

FTC Emergency Order.pdf