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Steve Bannon's Dodgy Nonprofit Teamed Up With Company Linked to Accused Gold Scammers - 2020-09-27

F375.png Steve Bannon's Dodgy Nonprofit Teamed Up With Company Linked to Accused Gold Scammers September 27, 2020, William Bredderman, Daily Beast

When former White House chief strategist Steve Bannon's nonprofit sought to restore an American golden age, it turned to a company with connections to a consortium that allegedly strip-mined the retirement accounts of elderly conservatives, The Daily Beast has discovered.

Bannon's "economic nationalist" group Citizens of the American Republic hired the Wyoming-based firm Platinum Advertising Corporation in 2018 to handle its "websites/social media," Internal Revenue Service records show. A tangle of corporate and legal documents ties Platinum Advertising to TMTE Inc.—a precious metal dealer accused on Friday of fraudulently extracting $185 million from senior citizens by selling them overpriced bullion.

The massive joint action the federal Commodity Futures Trading Commission and 30 states announced against TMTE alleged that the Los Angeles-based company had suckered 1,600 mostly silver-haired victims into sinking their life savings into precious metals sold at up to 300 percent of their market value. The charges are familiar to anybody who has followed the long trail of news reports and regulatory actions describing how TMTE—which has variously used the monikers Access Unlimited, TEM, Chase Metals, and Metals.com—cashed in on the right-wing paranoia of the Trump era.

Wikipedia cite:
{{cite news | first = William | last = Bredderman | title = Steve Bannon's Dodgy Nonprofit Teamed Up With Company Linked to Accused Gold Scammers | url = https://www.thedailybeast.com/steve-bannons-dodgy-nonprofit-teamed-up-with-company-linked-to-gold-scammers | work = Daily Beast | date = September 27, 2020 | accessdate = September 30, 2020 }}