Terry White, a disabled retiree from New York, bought into Lear Capital’s claims that its gold coins were ample protection from the loomingSo the 70-year-old invested $174,000 into the company’s gold coins, according to a lawsuit by the New York attorney general.
What White didn’t know is that Lear charged a commission rate of 33 percent and as he made transactions, he eventually found himself nearly $80,000 in the hole. White’s wife toldshe blamed the situation on Fox News, calling the network “negligent.” White was shocked that Fox would lead him astray, telling thethat he believed the network “wouldn’t take a commercial like that unless it was legitimate.
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