Sitting on a Throne of Gold: Former TN State Rep. sued in $80 million class action lawsuit

[doeriver]

Fair Use of WMC news report - for the complete news report (sans a .pdf of the complaint filed with the court) and follow-ups visit the WMC web site.

Bates also aired these commercials over his Information Radio News USA Network --- including "The Matthew Hill Show" (hosted by TNGA Rep. Matthew Hill), although many of the archived "The Matthew Hill Show" podcast files have been removed from both the IRN USA Network web site and the Apple iTunes web site.

I searched through my iTunes podcast library and even found a one minute advertising spot for the First American Monetary Consultants airing approximately at the 14:00 timemark of the December 16, 2009 "The Matthew Hill Show" podcast (of IRN The Matthew Hill Show)...

The IRNUSA web site also features a store hyperlink directly to the First American Monetary Consultants online bookstore (including even one book penned by Tennessee Regulatory Authority Chairman Kenneth C. Hill, who often serves as a guest host on the IRNUSA "The Matthew Hill Show".

***

Former State Representative included in $80 million class action lawsuit
http://www.wmctv.com/story/16408304/former-state-representative-included-in-80-million-class-action-lawsuit

"MEMPHIS, TN - (WMC-TV) - A former Tennessee legislator is the target of an $80 million class action lawsuit after plaintiffs claimed he tricked them into buying gold by saying it was God's will.

The 47-page lawsuit filed Wednesday in federal court is seeking damages for people who claim they were duped by the defendants, including former State Representative Larry Bates.

Bates is First American Monetary Consultants' "chief economist." He is the first defendant listed in the lawsuit filed by a Covington, Tennessee law firm.

Through a website, a radio program, and conferences called "A Nation in Crisis," the lawsuit claims Bates and FAMC fraudulently convinced customers to buy precious metals like gold and silver coins before, among other things, withholding delivery.

According to the lawsuit, "FAMC specifically targets devout Christian believers, elderly individuals, and widow/widowers with significant life savings" who see Bates as a trusted Christian advisor.

They claimed Bates used Bible verses to solidify his precious metal sales pitch.

"I'm here to help you separate yourself from the masses who will be victims of this inevitable debacle," Bates said on audio recordings.

Plaintiff's attorneys consider recordings evidence of the company's "sky is falling" approach used to swindle what they described as unsuspecting customers..."

(more at the hyperlink above)

[Jackpine Radical]

1. Doesn't Glenn Beck do a pitch like this too?

Maybe he'll get spanked in a suit like this too.

[DCKit]

2. If God wants me to have gold, he'll just give it to me, right? nt