Independent research site. Not affiliated with the SEC, CFTC, DOJ, FBI or any government agency.

Cases / Investment funds & advisory

First American Monetary Consultants, Information Radio Network

Larry Bates, Charles Bates (aka Chuck Bates), Robert Bates

ReportedAug 5, 2015
LocationMemphis, TN
Amount$18,000,000

This entry summarizes public reporting and government filings. Charges and civil complaints are allegations unless a court has entered a conviction or judgment — check the source for the current status.

Company / entity
First American Monetary Consultants, Information Radio Network
Industry
Gold and silver coin sales
How investors were recruited
Christians and elderly people via radio broadcasts (Information Radio Network); presented as a trusted Christian financial company
Pitch & red flags
Needed gold and silver for protection from "Mystery Babylon," an alleged coming economic, political and religious downturn

Pitch phrases from this case

Source

U.S. Department of Justice official

Related cases · Investment funds & advisory

All investment funds & advisory cases →

Other cases in Tennessee

All Ponzi scheme cases in Tennessee →