Multi-Level Marketing Precious Metals Scheme at the Center of $55m Fraud
Posted: Wed Aug 31, 2016 10:54 pm
According to a court order issued in Nevada, the perpetrator of an off-exchange precious metals trading scheme, Toney Blondo Eggleston and his company My Global Leverage LLC have been mandated to compensate 12 investors to the tune of $700,000 after receiving almost $800,000 in deposits.
The clients of My Global Leverage LLC, whose controlling person is Toney Blondo Eggleston have already been repaid $93,597 with the remaining funds yet to be recovered. The owner of the company has conducted his business in Las Vegas between July 2011 and November 2012.
Retail clients were solicited by telephone to engage in leveraged, margined, or ... (read more)