Wolf of Wallstreet Targets Conservative Circles – Orchestrated IRA Gold Scams w/ Dale Whitaker

➡ A whistleblower named Dale Whitaker has exposed scams in the gold industry, particularly involving IRA investments. These scams involve salespeople pressuring clients into buying overpriced assets, often resulting in significant losses. Dale urges anyone who thinks they may have been scammed to act quickly, as companies may soon lack the resources to refund victims. He also recommends investing with reputable companies like Miles Franklin, who have been helping victims recover their life savings.
➡ The speaker started working part-time for Augusta Precious Metals, teaching the owner, Isaac, bookkeeping. Eventually, he was hired full-time despite knowing nothing about the precious metals industry. Over time, he noticed questionable practices, such as selling coins at a much higher price than their worth and buying them back at a lower price. He tried to expose these practices but found it difficult due to the complexity of the situation and the industry’s lack of transparency.
➡ Over the past two months, a lot of money has been raised, which is great. Even though some believe changes should be made at the federal level, states, particularly California, can also take action to protect people. However, there’s criticism that California often promises to help but ends up causing harm. The speaker appreciates the guest’s efforts and believes their work is very important.
➡ The text discusses the tactics used by salespeople to convince customers to buy products at higher prices. It highlights the use of a compliance sheet that guides what to say and what not to say to customers. The text also mentions a product called ‘sloop’ that mimics exercise and is popular among athletes and bodybuilders. Lastly, it talks about the deceptive practices in the gold and silver market where items are sold at high prices and bought back at lower prices, leading to significant losses for customers.
➡ The speaker discusses their experience with media outlets like ABC and NPR, who failed to publish a story about companies scamming people in the coin industry. They believe these companies are backed by famous individuals who may not realize they’re part of the problem. The speaker has tried to expose this issue for years, reaching out to various influential figures, but has seen little progress. They express frustration and hope that these individuals will start paying attention to the harm being done.
➡ Buying premium coins from companies can be risky as they often mark up prices significantly, with the extra money going into the salesperson’s pocket. These companies often target vulnerable individuals, including the elderly, who may not fully understand the financial implications. The salespeople are incentivized to sell premium coins over bullion due to higher commissions, leading to potential scams. It’s important to be cautious and informed when investing in such assets.
➡ The text discusses a company that uses aggressive sales tactics to sell premium coins to customers, often resorting to insults and fear tactics. The company targets conservative Christians over 50, exploiting their belief in the value of physical gold and silver during apocalyptic events. The salespeople often convince customers to buy coins that are not in their best interest, leading to significant financial losses. The company culture is described as cutthroat, with recruitment often from Craigslist and a high turnover rate, but high earning potential for successful salespeople.
➡ The speaker discusses a problematic work culture where employees disrespect customers who don’t upgrade to premium services. They also express frustration about the lack of action from authorities regarding this issue, despite their efforts to bring it to light. The speaker emphasizes the importance of selling quality products and services, and criticizes the idea of relying solely on donations for income. They believe in the value of providing good content and products, and see it as a win-win situation for everyone involved.
➡ The speaker is working with a congressman to pass legislation and is also in contact with a prominent media personality who could potentially expose an issue through a documentary. The speaker believes this could have a significant impact and lead to change in the industry. The speaker also mentions being a whistleblower and the possibility of receiving a percentage of any recovered funds from a lawsuit, but emphasizes that their actions are not motivated by money.
➡ The speaker filed a complaint with the CFTC in 2018 about a company’s questionable practices, but was told they didn’t have jurisdiction. Despite this, the same company was sued by the CFTC and SEC in 2023 for similar issues. The speaker is frustrated with the delay and inconsistency, and offers to testify against the company. The speaker also discusses the moral decline of society, suggesting that it’s easier to do evil than good, and speculates about the end times and societal changes.
➡ The text discusses the inherent nature of humans, the potential for manipulation in sales, and the consequences of unethical practices. It suggests that some people, driven by greed, can exploit others for personal gain, such as taking a portion of someone’s retirement funds. The text also warns of a potential financial crisis, likening it to a bank run, where companies may not have the capital to buy back sold items, leading to significant losses for individuals. Lastly, it emphasizes the need for justice against such unethical practices and encourages people to reach out for assistance if they’ve been victims of such schemes.

Sam Sa I go out onto the sales floor like, what’s going on? And it was one of the salesmen on the phone with their client calling them an effing idiot. If you buy these assets, meaning the silver and gold American eagles, I won’t sell them to you because you’re dumb, you’re stupid, and then just okay, because this was his style. This is what worked for him. What worked for him was I’ve been doing this for 15 years. You can’t call me and tell me what assets are best for you when I’m telling you as the professional, as the salesman, as the fiduciary that these assets, these premium assets are what are going to be better for you in the long run.

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They have the same values you do and they have amazingly great coffee. Go to 1775 Coffee.com Sarah and get $200 worth of coffee for only $99. There’s only 1000 kits like this, so be sure to act on it right now. Again. 1775 Coffee.com Sarah welcome to Business Game changers. I’m Sarah Westall. I have Dale Whitaker coming to the program. He’s the one that’s been blowing the whistle on these IRA Gold scams and he’s going to talk about how his specific company, Augusta Metals have, have been scamming people. But it’s much broader than it. He’s naming names and if you listen to this, you’re going to hear a lot of really famous names be brought up.

And I am still under the impression that these people don’t realize that they’re scamming people and that because their reputation’s on the line and I just, I just hope I implore some of these people to, to pay attention to who they are and what it is that they’re telling their listeners to buy because these people are really scamming people. Listen to the show and you’ll learn some of their procedures and what they’re actually doing. I mean legitimately. These salespeople make nothing. At least in the company he work for. They don’t get paid if they sell you legit products.

So they’re incented to sell you crap to, to take your life savings. And so he’s going to explain how this works. And I just recommend that people pay attention to what you have and not be ashamed because this window is, is going to close. So I would recommend that if you’re somebody that thinks they got scammed, act on it now because this window could close as far as you being able to get your funding back because they are, this is starting to get out there and once it gets out there big time, these companies are going to start falling like dominoes because they’re not going to have the ability, the resources to make you whole.

Once that happens, you will not be made whole. So take advantage of this while you can. I’ve been working with Miles Franklin. Go to sarahwestall.com Miles Franklin fill out that form. And they have been making people whole. They’re getting their life savings back. And so don’t be ashamed. Drop the fear, drop the shame. Figure out if you’ve been hosed, you’ve been scammed and move on it because the window isn’t long and you need to preserve your wealth and your assets for your family. And so just do it and just know that you’re working with, you know we aren’t going to take advantage of people and that we are getting making people whole.

If you are interested in investing in gold and silver, know that you’re working with a good company. Franklin. They haven’t taken advantage of anybody and their premiums are fair. You, you shouldn’t be paying more than a couple percent over premium for vanilla stuff. Now there are some things that you might pay a little bit higher premium but nothing like these guys are selling it for. I mean there’s 170%, 173% is their max and then like 125% over spot is average. You get that’s not normal. So pay attention to what you bought. Look at your, your receipts, look at your IRAs, look at your coins and figure out what you’re paying for it.

And if you’ve been scammed, reach out to us again. Sarah Wessel.com Miles Franklin even if you haven’t been scammed, this is a really interesting show. You need to be listening to this so that you can protect yourself and understand what games are being played out there in the financial world because you’re going to get this in stocks, you’re going to get this everywhere. And so it’s important that you understand the games that are played in finance so that you aren’t taken advantage of. It’s very much the wolf of Wall Street. It’s the same exact formulas that are going on in all these different companies.

And the reason why this keeps happening is because these people aren’t brought to justice. They just are allowed to continue to be like this. And until we bring people like this to justice, you know, you, you have consequences for stealing people’s life savings. Until that happens, they’re just going to keep doing it. So you just know that. And so you have to protect yourself. Right? You have to be responsible for yourself. And that means if you’ve been in this situation, drop the fear, drop the shame and contact us. Sarah westall.com Miles Franklin okay, let’s get into this really interesting conversation that I have with Dale Whitaker.

Hi Dale, welcome to the show. Hey, I appreciate you having me. I’ve been wanting to do this for a while because you are able to explain from the inside how these IRA scams are happening with the gold industry. I think it’s a, it’s a scandal waiting to blow up. There’s so thousands and thousands of people who have lost significant parts of their life savings in these scams and it’s incredible. I’ve been working with Miles Franklin to help people and you know, he keeps talking about how you are one of the whistleblowers that came out and how I have to have you on my show.

And I think people’s jaws are going to drop at what’s actually going on behind the scenes. Before we get started, can you tell people a little bit about your background? Yeah, so I’m actually British. I moved here to the United States in 08. I became a citizen in 2015. I have a wife. You know, we have a beautiful house and we, we’re just, you know, very blue collar workers. I have my own small tax practice. She, my wife has a cleaning company. And so we’re just very, just everyday people. You know, we’re very conservative. We are very involved locally politically.

We are just trying to keep America the place that we were promised, you know, to live the American dream as an outsider coming in, it’s really what we look for. So, you know, and, and in 2000 2017, I quit my job. I was being paid about 150 to $180,000 a year. Depending on the year and blew the whiskey. Oh, okay. That’s when you’re financial officer of. Of Augusta Precious Metals. So, yeah, I’m an accountant by trade. I run for secretary of state last year. And now that this issue has resurfaced, I’ve been working on this for the past seven years.

Now that it’s resurfaced and gotten more traction, obviously I’ve pivoted and started working on this a little bit more. So. Well, I know that when we have people coming in, Augusta Metals is one of those that I see on the sheet. There’s other ones that are even more prominent than them. I don’t see that them as often. Can you explain what you saw firsthand and how they’re actually scamming people? It’s very similar to the Wolf of Wall Street. If people have seen that movie or read the book, it’s very similar. You know, there’s. There’s financial scams, there’s the psychological intimidation, and then there’s a work culture.

Can you. I suppose we should go through all of these, but can you explain kind of how you got involved and what you started seeing? Yeah. So the. I’ll try and keep this as short as I can. It’s kind of a complicated from start to finish. It’s very complicated. And that’s part of why it’s hard for you to figure out that you’re being scammed. But I got started actually because I had major kidney surgery and I was on bed rest for. I had a birth defect. I was on bed rest for about two months in 2013.

So I started freelancing. I started picking up gig work, doing financials. So just doing someone to come and say, hey, I need my bookkeeping done for the last 12 months. You know, can you help me out? I started doing that, and in that, Isaac had posted a job saying, the owner of Augusta Precious Metals had posted a job saying, hey, I need someone to help me learn to do my own bookkeeping. Because at the time, his goal was to do his own bookkeeping. So he was just paying me like it was $25 a month or something like that to do one hour of work with him at the time to teach him.

And then I think he slowly started to realize, hey, I’m not going to be able to do this on my own. And eventually he hired me part time initially and then full time. So that’s how I got my start in the industry. I didn’t know anything about gold precious metals and knew nothing. My training was a One hour Skype session where the owner, Isaac, basically said, hey, go get a whiteboard from Walmart and I’ll talk and you write. And so I hung this whiteboard on my wall, and he would talk, and I wrote, and I had this whiteboard of notes, most of it not making sense.

And then I just did a ton of research on my own. You know, fortunately, I had that financial background. I’d been working for six years at this point, for, you know, what, eight to 10 years at this point. So I. I had the financial background, so I knew how to do the. The bookkeeping side of the job and so on, but I knew nothing about the metals market. And it was, you know, the. The idea was, well, you don’t really need to know much about the market because we’re not hedging. We’re not doing things that are really that complicated.

We are just buying. Someone calls in, they purchase from us, and then we immediately buy from the wholesaler and send it to them via drop shipment, so. Or to their trust company via drop shipment. So there wasn’t a. You know, there was a huge learning curve at the time, I feel like, because I’m just. I was just like your everyday investor. I had no idea how it worked. I didn’t know what coins were good, what coins were bad. And so there was a huge learning curve in the beginning. But then, you know, as you settle into any, like, any new job, you get comfortable with it, and you move forward from there.

Okay, so you started doing this, and at first, was it legit? And you were like, okay, I’m just selling gold and silver? I mean, no, I don’t think it was ever legitimate. And there were some red flags in the beginning, but it really. So I think I kind of have to preface this a little bit. Not making excuses, but I was 24 years old, young, dumb, was really seeking the American dream, which at the time I believe to just be financial. Securities. Financial success, essentially. And so for me, there was a little bit of that. And then also, for example, so Isaac was the.

Was a salesman at a company called Merit Financial that was sued by the city of Santa Monica. Sued into. Into closure, basically. Well, not basically. They were. And, you know, when we would talk about it, he’d say, well, they were doing things they shouldn’t have been doing, et cetera, et cetera. And because I didn’t know much about the industry, this is, let’s say, in the first six months of my time at Augusta, because I didn’t know much about the industry, I There was just a element of deference. I would just defer to him. He knows what he’s talking about.

He’s the guy with the money front making, fronting this company. I’ve seen the money he has. So obviously, you know, there’s just that element of him being an expert and me just being a wet behind the ears accountant, learning the industry for the first time. Okay, so when you got in there, you started noticing scams that they were doing. And could you. What kinds of scams were they doing? Well, so it actually isn’t that black and white. It took me a few years to figure it out. In fact, you only realize you’ve been scammed once they.

Once you go to sell your coins back to the company, that’s when you realize. And so what they do is part of their sales tactics are, hey, you’re buying this asset from us, but we want you to hold this asset for 7 to 10 years and before you sell it back to us, because you need the market to appreciate, et cetera, et cetera, et cetera. So there’s, so there’s an element where, you know, we, we’re selling, we’re selling. So we’re selling through 2014, 15, 16, and 17. And then in 17, 2017. So we were selling for four whole years before someone decided to sell coins back to us.

And so how I figured it out was Isaac had called me. So there was a gentleman that wanted to sell 5,000 silver coins back to us. And Isaac had called me. And so at this point, I’m more familiar with the market. I understand how these things work. Done a little bit of digging into merit, not too much, you know, just surface level stuff. I never read the lawsuit or anything like that, but Isaac called me and said, hey, we have a gentleman that wants to sell 5,000 coins back to us. I want you to reduce the bid price.

So what reducing the bid price meant for us was that we were saying to the customer, you, the customer is, we are going to pay you less money for the coin that we sold you and told you that we have a 29% spread on. So just for easy numbers, if, if you bought a coin from us for a hundred dollars and you, you came back to us, the. And all, everything has stayed the same. All the market conditions have stayed the same. Our spread was 29. That means we would give you $71 for that same coin.

Which you. And you didn’t figure out that that was higher premiums than the entire industry. Well, I knew it was higher premiums. But it. There’s an element of willing. So very early on, when I blew the whistle, we went to NPR with the story. I had a journalist introduce me to npr. NPR interested in it. But they felt it was too complicated to say over the radio, because it is very complicated. And one of the things that the producer and it really. It kind of ticked me off, but it is kind of true at the same time.

Said was, well, there’s an element of willing buyer, willing seller. But I have a recording of one of the customers on a. What we call a recorded confirmation line. So they’ll sell you all the coins, they send you to an administrator, then they record you agreeing to all of these terms on a recorded line after you’ve been told by the salesman, hey, don’t worry if this is just a formality, don’t worry about it. But this is actually the legal part where they implicate you into agreeing to the things after you’ve been hard sold. So I had had this, this recorded call confirmation of this gentleman saying they’d asked him a question, you know, this is your price or whatever.

And he said, well, that’s not what I was told, but go ahead. And I. So my point to NPR at the time was, if it’s willing buyer, willing seller, why is he hesitating? Why is he doubting himself? And they just felt it was a little too complicated. They thought it was too complicated, which I don’t think this is too complicated. You sell something at 100 coin when it really is, you’re selling it for a hundred bucks. It really should be 70 bucks that you sell it for maybe 72. I mean, the premium’s only two to the max.

Is. I’ve seen people that I say are sort of legit at 8%, you guys are selling it at almost 30%. It’s, whoa, it’s way more than that. It’s way more than that. So that’s just our bid price. So, okay, so we sell just to, to. To close this up. So we sell you at 100. You come back, we sell, we will buy back at 71. So Isaac had called me and said, hey, I want you to reduce the bid price. So what that does, in effect, is instead of us saying, we’re going to give you $71, we’re going to give you $50.

So you’re going to lose more than the 29%. You’re going to lose half some, sometimes quarter, sometimes half, it depends. Have to sell it back to you. Right? I mean, they could sell it back to somebody else. Wasn’t the original sale bad, too? Yeah, so if you. Yeah, so. So when I say it’s more than a 50% markup, it’s actually, you know, the, the highest was 173%. Oh, my God. Okay. So when they would buy a coin, let’s say the coin is worth 20 bucks, how much would you really sell them for that 20 coin? Like the market price on silver being 20 bucks? Close to.

Close to 50. Okay. And how, how did you convince a person that something that the market. The list price should be 20. How did you convince them to buy it for 50? So it depends on the salesman. So it’s actually interesting. Isaac had a sheet because he was trying to avoid being sued like merit Financial. He had a sheet, and it was basically called the compliance sheet. But it, on that, it listed a lot of different. And I still have the sheet. I could share it with you. There’s a lot of different sections of this sheet.

You know what to say, and then it basically goes down and says what to say and what not to say. So what you cannot say and what you can say. So it’s interesting. You see the manipulative verbiage in this sheet, and then, then really it’s up to you, the salesman. So if you’re a salesman and you have a style, then your style and your style works for you. As long as you’re not saying the things you want not be saying on that compliance sheet, it’s up to you. So for. I’ll give you a couple examples. There was one gentleman who I had go.

So I, I, I worked remotely that I think part of this with me not realizing earlier was because I was separated from everyone. So I’m in Washington state. Most of these companies, including a ghost, operate out of Los Angeles, Los Angeles County. So I’m. I’m in Washington state. I go down there once a year, twice a year maybe, and. But once a year, always for the Christmas party. So I’m at the office, and there’s this guy. I’m in Isaac’s office. He. And I would, I would share his office with him. When I was down there, I’m in his office.

He had gone out to get water or something, and I hear yelling from the sales floor. And so I go out onto the sales floor, like, what’s going on? And it was one of the salesmen on the phone with their client, calling them an effing idiot. If you buy these assets, meaning the silver and gold American eagles, I won’t sell them to you because you’re dumb, you’re stupid and then just hangs off. Okay? Because this was his style. This is what worked for him. What worked for him was, I’ve been doing this for 15 years. You can’t call me and tell me what assets are best for you when I’m telling you as the professional, as the salesman, as the fiduciary, that these assets, these premium assets are what are going to be better for you in the long run.

Quick break from the program to share with you something amazing. This is called sloop. It’s actually Slu P P332 been shortened to sloop. And this thing mimics exercise. It seems too good to be true. I first shared this on my substack and I had Dr. Diane Kaser and we went through all the benefits of this and the whole thing sold out. You can’t get it anywhere really across the industry and the people who are using it the most are athletes and bodybuilders and people who want to see extra performance in athletics. Because this in pre clinical studies with mice increased their endurance by by 70% and their distance by 45%.

I mean it’s incredible. And it’s been shown to mimic exercise even when you’re at rest. In pre clinical studies with obese mice, they lost upwards of 12% of their body weight in four weeks and it increased muscle. So this is really taking the industry by storm. It’s actually not that expensive either. With my 10% coupon, it’s about $80 for maybe a two month supply if you take one capsule a day. If you decide to up it to two capsules a day because your dosage depends on what you want, then it’s a one month supply. But Dr.

Diane recommends doing one capsule a day until your body gets used to it. You might not see the same level of results right away that the mice did, but your body can get used to it and see if it’s something that you really want to do. If you are interested in this, I will have a link below so you can try it yourself or go to sarah wessel.com under shop. Remember to use the code Sarah to save 10%. And so they’re trying to sell premium. Basically it’s BS. We’re convincing you this is premium because it has a lot a higher potential in the long run.

Is that essentially what they’re telling people, BS stuff? Yeah. So they’ll tell you that it has higher potential in the long run. They’ll tell you that they’re bet they perform better in the market than traditional bullion. They’ll tell you a whole lot of things. They’ll tell you, hey, these things. We’ve only minted 200 thousands of 200,000 of these coins. That’s why it’s worth more. So they limit the mintage. So there’s the whole side of it, too, from the perspective of the mints. You know, we enter into an exclusive distribution agreement with the mint, so that the.

So let’s say the royal Canadian Mint, for example, and we get a legitimate coin from a legitimate mint, and they. The part of the terms of that contract is that we are the only ones that can distribute that coin in the primary market in the United States. So when people call in and we start selling this coin, and then they call Miles Franklin, and they say to Miles Franklin, hey, what’s this? Canadian bald eagle? What is this coin? And Miles Franklin go, we have no idea. You know, and then they try to source that coin, and no one will sell it to them because you can’t legally sell it to Miles Franklin on the primary market.

Now, if someone had sold them, like, let’s say, to a different dealer on the secondary market, Miles Franklin could buy them then. But why would you. Because no one knows or wants that coin. Yeah, they say you just have to melt it down because it’s not worth anything. It’s really. It’s only worth the. The gold or the silver that’s underlying it. And so they’re just lying to people. Okay, so let’s say they’re selling the silver, the ounces of silver, at it’s. Let’s say it’s $50 worth of silver, and they’re really selling it for 100 bucks. They’re marking it up almost 100%.

Right. You said even 179% at times. 173 is the maximum. That when I was there, and that was the average. The average was around 120, 130. So that’d be like selling something that’s worth 50 for 120 bucks. And then. And then when you go to buy it back, they give you half of what it’s worth. So not only did you get hosed on the front end, you get hose the back end. That’s where you could take a $500,000 life savings IRA and turn it into, you know, less than 200,000. You just got scammed out of hundreds of thousands of dollars.

Yeah. In fact, I’m helping someone right now who invested over a million dollars, and they have come back. So it was closer to 1.25 million. And they’ve come back and offered her $800,000. Okay. Even though the, what year did she buy? She bought in the last couple of years. A lot of these coins have been platinum coins. And platinum is down a little bit, but not significantly from when she purchased. So if you go spot to spot differential, what she had have lost in the market, maybe be 50,000 bucks. It’s not even close to, to the 500, 000 they’re saying it is.

Yeah, well, you’re seeing people lose that with gold, even though it’s gone up 40%. I’ve, I just helped a couple get their money back. They, they, they actually made some money, which was good, but they didn’t make, they, they ended up losing, I, I guess you could say in margin. They lost a hundred thousand dollars of what they would have gotten if they bought traditional bonion products. They got their money back plus a little bit of a premium because they, they, because I, but they should have them. Yeah, well, because I coached them on how to get that, that, that price and, and they tried everything they could to not give them that price.

And fortunately they stood their ground. And, and I just told them, look, hey, you’ve got to get comfortable with understanding you’re not going to get what you should have gotten, but we need to get you to a place where we can make you whole and hopefully get you something out of it as well. Well, and are these companies buying back because they can at least buy the silver or gold from them for less than they can from the Mint? No, because that’s not necessarily true. So for example, with a, a silver coin, let’s just say silver coin.

Let’s use your example and say silver’s $20 on the open market. Our premium on a 1 ounce silver coin would have been about 5 bucks. So 25. So if we sell you that coin for 55, $60 and then we buy it back at, you know, let’s say 45, that’s still costing me more dollars in actual dollars than it would if I’d have just bought a new coin. Because you’re, you lose margin, but you don’t lose money. You’re buying it back for the, the markup that you totally hose these people over. So you’re trying to get some of that back too.

Okay, that makes sense. It’s too bad that NPR wasn’t willing to take it on. On. I think they’re just scared to take on because they know that there’s so many people in this industry that are doing it, that are. There’s a lot of name, very famous people that are selling companies and promoting companies that are actively hosing people over in, in a huge way and they just don’t know it. Well, I don’t think they are or are they not. NPR isn’t actually the biggest, the biggest, the, the biggest problem that I’ve had in the media, actually.

So I had ABC fly me to Florida and I sat and I did a whole day of shooting with ABC. I forget if it was for Nightline or 20 20. It was one of the two with a journalist named Kira Phillips. And we had actually helped my attorneys and I had helped, well, actually my attorneys based on recommendations from complaints that I had while at Augusta. I gave my attorneys a list of names for people who had realized they’d been scammed, gotten their money back and subsequently send an NDA and said, hey, you should contact these people and see if they’re willing to talk to you.

So my attorney, my attorneys worked to build trust with those clients and said, hey, we have ABC that want to come to your house and sit down. So ABC went to their house, sat down with these people who were nervous about speaking out because they’d signed a non disclosure agreement with Augusta and recorded that their stories and so on flew me to Florida. I had, like I said, spent. I was there for a few days, but I’d spent a whole day shooting, doing an interview with them. And you know, yep, the, the story’s coming. The story’s coming.

The story’s coming in. The story never came. They failed on it. I was. How many years ago was that? That was 2019. That was in 2019 and a few years ago. I don’t remember exactly when, but there’s an executive producer at ABC News called Cindy Galley. I emailed her and I told her what they did was absolutely a barn. They built trust with individuals who had, who were going to lose their life savings, fortunately got their money back. We’re scared to death about going on camera and talking about this issue. You built trust with them and told them that you were going to do something good and then you recanted and you won’t give a reason why.

Did they give you a reason to even respond to you? Nope. Kira Phillips got suddenly promoted to the White House beat. The White House beat. She didn’t want. When we were filming, she had told me that her husband was working at Fox News and she didn’t want to go work at the White House beat. She didn’t want the beat she wanted to do more investigative reporting like she was doing with my story. And then suddenly, you know, within a couple of months of filming, she’s on the White House beat for abc. Doing the abc. Yeah. Why do you think they weren’t going to do it? I think it’s because there’s too many big names involved.

I mean, whenever I see big names involved, I’m just not convinced that they all realize that they’re hosing people over. But these companies are approaching people and offering them huge sums of money monthly to sell huge amounts. Right. I had people tell me, sir, you could make a killing. Well, I shouldn’t be making a killing. I don’t, you know, I, I should be making. Honestly, I split the, the markup with, in the best case. Best case, I might. For a million dollars that I give Miles Franklin, you know, I’ll say best case, I, I might make a thousand bucks per.

100,000. That’s best case. Yeah. And then that’s so good. But that’s still good. It’s great money. But that’s the best case. And half that per 100,000. And so because it’s, the margins are so small. I’m not being honest. What, you know, so I appreciate anybody that tells people that you’re working with me because I don’t make that much money for, you know, what I do to help people out or to promote this and either does like Miles Franklin, they’re not making a killing. It’s a small margin business. So when people come to me and say, Sarah, you could sell gold and you should be making a killing, like I shouldn’t be making a killing doing this could be, I don’t think should be is the correct term.

I think that you should be scrupulous in who you promote and why you promote them. That’s right. And I, and I think that you’re doing the right thing by working with a company who aren’t policing people. And. But look, this has been known. So there was actually a. In, in the early 2000, I think it was 2004. Around 2004, there was a huge public, public debate between, well, public debate. It was more like a rowdy argument between Glenn Beck and Anthony Weiner. Yep. Because Glenn Beck was selling for Gold Line and Anthony Weiner had a lot of victims from Goldline who were coming to him.

And Anthony Weiner actually had legislation on the House floor to try and fix. And I’ve read the legislation. It wouldn’t have fixed the entire problem, but it was a good start. Unfortunately, if you know anything about Anthony Weiner, he is not a good guy. Was just sent to prison for sexting like a 16 year old. Yeah. Picture of his private parts to a 16 year old and it actually got all over the place. Viral. I’m glad I didn’t see it. I just heard about it. Yeah, like I did not. They were all good, but it was, it was easily viewable.

I just chose not to go look for it. Yeah, well, I, I’ve never seen it either, so. And I’m glad about that. But he. So the point being this is that’s 20 years ago. That’s 20 years ago. And Glenn Beck viciously defended Gold Line. And it’s like, well, of course you did because you’re making millions of dollars a year. Millions. Because Anthony Weiner was, was on the good side of that debate. Correct. And Glenn Beck was doing that. Oh, that’s too bad. So Glenn Beck knew. Did he get out of that? How long did it take for him to get out of that situation? Pretty sure he’s still selling.

I don’t know. I don’t think he’s selling that one. Unless they change. I think it’s Lear Capital he’s selling now. Okay. I don’t know. Then he’s still selling. Did they leave it at that? Okay, so why do you think that these big names are still. I mean, they’re okay knowing they’re scamming people and they’re just. Because they’re making a killing. I mean, I don’t understand why Glenn Beck would be doing that. And I would think that especially if he got in a fight with Anthony Weiner. I know there’s other people who are. Are big names at that level too who are selling these things.

Yeah, well, I mean, I can’t speak for Glenn. I have heard from other people that have worked with him on other projects that he is a sincere and. And a good man. So why he would do. Why he would continue selling it after that debacle, whether that was just a left v. Right thing, whether it was just because it was Anthony Weiner. Who knows? Does he not know? I mean, I. And doesn’t have financial. I mean, I’m going to give these people a benefit of the doubt, but I really, really, really hope that they start paying attention because they’re destroying people’s lives.

Well, I have reached out to. So I’m tired of giving the benefit of the doubt because I’ve reached out to Ben Shapiro, Jordan Peterson, Matt Walsh. What’s the guy’s name? Bill O’reilly. Hannity. I’ve reached out to all of them via like their contact forms on their website, trying to send emails, blind email, email addresses. I have done everything and anything that I could to reach out to folks. So I’m, I’m kind of past giving people the benefit of the doubt. I’ve spent seven years of my life trying to reach out to these people. Most recently, I went to University of Washington here in Washington state and handed a packet to one of Charlie Kirk’s staffers that were out there and said, hey, get.

Then it was a copy of my whistle redacted whistleblower complaint to give to him. So I’m kind of over giving. All those guys are doing that. Wow. Oh, oh, that’s not even all of them. I know. But I’m just saying everybody you just listed, that’s really. I confronted Brendan Tatum at a Turning Point USA Faith event and they don’t know because I, I would think this is bullying. Do you think some of their customers are not getting hosed? It’s just more, the, the more vulnerable ones because it just, it’s like that’s so overwhelming that there’s this many people.

You are getting hosed if you buy the premium coins. No. No matter which company you buy for, if you’re buying at a company that is mark, even if you’re marking up, even if you’re only marking up 50, let’s say you have a fit and I say only, but let’s say you’re marking up 50%. And if you have a 25, 30% spread, where’s the spread going? Well, the spread’s going to go into the salesman’s pocket and commission 7 to 10% commission. Right. Plus commission bonuses. So if I earn $20,000 in commission, so if I actually earn $20,000 in commission based on 10%.

So if I’ve sold, you know, $200,000 worth of coins and I’ve made 10% and I earn $20,000, I get a bonus for hitting that commission threshold because the more that I sell, the more money the company earns. Because while I’m making, you know, a few hundred thousand dollars a year, a million dollars here as a salesman, that’s only amplified by the company. So but then they also hose them on other things on buybacks, on fees, on all. So and they’re going after the most vulnerable because I see all these emails coming in because we have this process, I have a process with Miles Franklin.

People fill out a form. Sarah Wessel.com Franklin they fill out the form I hand give it to Andy and then he gets it to his people that, you know, the top people, depending on what the situation is. And almost they’re having almost 100% luck helping these people. But I read through these things every time because I scan. Because people also fill out that form just to get price lists and to get that, you know, work with a company they can trust. And so those just go to the normal salespeople. But I scan everyone looking for the, the IRA scams to make sure those people are taken care of.

And so I read these stories. You know, at first I tell people, don’t be ashamed if you are, because there’s so many people that are getting scammed. But I think it’s the more vulnerable people. I just had somebody come in the other day, an elderly man who was like, I’m not probably not going to live very much longer. I put my entire IRA into this thing and I want to make sure my wife can survive when I die. You know, I mean, I hear stories like that. And that’s not unusual. You know, these kinds of stories.

And they’re scared. The people are scared. I mean, they. So anyways, what do they assess them out? Do they say, okay, this person is more likely to be. I can scam this person because they’re not financially astute and they think they’re gonna buy my bs. I mean, I might have bought the BS when I was younger, you know, a premium. That makes sense. I’m gonna buy a stock that has upward val. You know, huge upward potential. I, I could see people doing that. Yeah. So it’s. It. The answer isn’t really linear. It’s kind of a case of it depends.

So. And I’ll push back a little bit on the, the vulnerable ones. The vulnerable, vulnerable folks are actually easy. The easy targets. But they sell people with PhDs that I’ve seen engineers that work for oil companies buy in. I mean, that’s why you shouldn’t be ashamed. Well, it’s because if you’re selling the upside of it. I remember getting hard sold premium coins and how if you really are an investor and you’re really serious about silver and gold, that you really want to buy the premium because that’s where the long term money’s at. That’s what I was sold.

I never bought. Did it at that time, but at that point I didn’t question it. That was years ago, like 20 years ago. Right. And so there’s kind of a process that goes through. So if you call in and you’re looking to purchase, they pre qualify you. So there, there’s like a certain threshold. 50. It’s 50,000 now, I just looked. But at the time we would do anything over 15,000. I think at one point we, you raise it to 25. So if you call in, you say, I have $25,000 in an IRA or $50,000, you will get a junior account executive who so basically someone that’s brand new, probably found on Craigslist, that’ll say, hey, do you have this much? Do you have a script you read? Do you have this much in your ira, et cetera, et cetera.

So then you say yes, you get qualified and then you get passed off to an account executive, a senior account executive. And then the senior account executive will start talking to you. Hey, how’s it going? Right, so they’ll be build rapport. And this rapport is so some trades will move very fast where it’ you just call if you’re like no, if you’re no nonsense. You call and say this is what I want. Etc. Etc. Then you start moving and you get through the process. Once they have your money in house, then they’ll try and flip you no matter what.

So they call it flipping. So no one ever calls and says I want your premium exclusive coins. No one ever, ever does that. Not one time had it ever happened in the four years I was there. So what people do is they call and they want silver and gold American Eagles and they say, hey, I have this, you know, money in my ira. So they roll it over into our trust account and then they we wouldn’t close a deal unless we had the money in house. Meaning hey, we’ll quote you prices, but we’re not going to lock you into those prices until we have the money in house so that we can get you locked in at the current market rate.

So what gives you an incentive to call your, your trust company and say, hey, I need you to transfer my hundred thousand dollars to Augusta. The salesman and I have come to basically agree an agreement on pricing and I want to get it there as soon as possible so that I can lock in my pricing. So then you send the money to Augusta and we have your hundred thousand dollars on account. And you think you’re going to buy gold and silver American eagles, but the salesman has zero interest in selling you those coins because he doesn’t make commission.

So what the salesman will do is call you and say, hey, I know that you wanted gold and silver American Eagles. However, they make commission for you. They make commission. They just make the commission I’m talking about. And they don’t want to make that. No, no, no. They want to make the hundred. They want to take your 500,000 and they want to make 200. They want to have that 200,000 go to them. So at the time we. So we implemented a 1% commission on bullion, because at the time we were selling bullion basically as close to spot as possible.

So we were marking up from, you know, dealer, from our wholesaler, maybe 2 to 3% because we didn’t ever want to. So we. But we wouldn’t pay the salesman commission on that, though. The salesmen were only making commission on the premium because. Yeah, you have to disincentivize selling the bullion. So if I’m not a very. That’s a snake. That’s a snaky company. You cannot, you will be paid nothing if you sell them a appropriate product. You will only get paid if you take advantage of somebody. Right. Because if I’m not a very good salesman, but I’m nice to people on the phone and they want to buy a bullion and I can earn 1%.

All I got to do is sell a lot of gold and I can get my 1%, which is the right thing to do, to be honest. Correct. And. But the issue is the company doesn’t make money by paying you 1% commission. They do. They just have to work. We wouldn’t be honest. So at Augusta, we wouldn’t because we would only mark it up basically, you know, 3%. So by the time you pay the 1% commission on gross, I mean, we were very, very, very fine margins. Why would I sell you something at 3% markup when I could sell you something at 170? I, I understand that from a financial standpoint, but the good gold companies only sell it at that margin, and that’s how much they make.

I mean, they don’t make a lot of money. It’s a low margin business, right? Yeah, it’s. It’s high sales, low margin. And on the flip side, this is. They don’t care about having. I mean, they want as many sales as they can, but really it’s about getting the, the quality of. What they mean by quality is the people who will buy into the premium. They don’t need very many people to scam. I mean, if you’re going to be. If you are making a hundred grand off somebody’s 200 grand, then that’s like 50 people. One to 50.

Like you need one person compared to 50, doing it the legit way. Exactly. And so you, so when you pre qualify the person, they go through the process. We have your money in house. You call to buy those coins. Why would I sell you the coins? I have no incentive. So my incentive is always to sell you the premium coins. And that’s when I would start what we call hard selling you. So I would start saying, hey, I know you wanted these gold and silver American eagles, but I don’t want to sell you that. I wouldn’t say that.

I’d say, but that’s not the right product for you. You should look at this product. And then they’ll walk you through all the reasons why. And then in some cases, they’ll just yell at you. Like the gentleman, I told you earlier, he would just say, you’re stupid, you’re dumb. You don’t know what you’re talking about. And so there’s that element of it. And, and then now is it can. Now somebody was being yelled at like they already transferred their money into a trust, you know, the, your account. And they, the salesman starts treating you like that’s abusive.

Can you say, okay, I don’t want to buy from you at all. Transfer my money back. Back. Screw you. But the thing is, the money isn’t with the trust anymore. The money is with us. Yeah, but so you guys, would you transfer that money back if somebody said we would? Yeah. There was never an instance where we kept money if a customer had pushed back hard enough. But here’s the problem. So we talked about the psychological issues earlier. The psychology of it is this person has, and this company has a hundred thousand dollars, $200,000, a million dollars of my money.

And now they’re calling me an idiot because I want to buy coins and they want to sell me these coins. Hey, maybe. And then you get. So then you have some folks that they just, you. This fear, the fear element. Oh, holy crap, am I, is this person just never going to send my assets, am I going to get my money back, et cetera, et cetera. So there’s a, an element of deference that comes in and go, you know what, you’re right. Because you, then you’re in fear of losing the whole thing. So you go, okay, yeah, yeah, I’ll buy the things.

Obviously, clearly you know what you’re talking about. And then when the, the coins hit your account, you’re kind of like, oh, thank God, you know, I actually received my coins. The only difference is when you get your assessed value, it’s 50% of the purchase price. Wow. So, yeah, so now you just lost a half a million dollars. So, okay, so what was the culture like? Because that’s the other thing is that you create this culture of you, you’re just sharks. You’re just going after their targets. And that’s the psychological thing of the salesperson. You know, as I was reading through how these companies do that, they turn people into targets to conquer kind of.

Well, yeah, I mean the specific targeting is 50 plus conservative Christian. And that. And that’s why it’s all conservative media that you’ll see this on. Which is also why it’s kind of interesting that ABC News didn’t run the story because you’d think the right v Left issue would have taken. Why? Why 50 plus conservative Christian? Because they’re more trusting? No, actually, because 50 plus conservative Christians tend to believe that if you have physical gold and silver that you can use it to barter and trade with during the apocalyptic event, that, I mean, really, that’s what it has nothing to do with.

It’s. It has nothing to do with trusting or anything. It just is. You need the bar, the bartering stuff. Yep, yep. And so that’s why you’ll see the advertisements are financial collapse. And you know, the US dollar is as losing value, which those things might be. True, there may be. It is. We’re in real. We’re in a really unstable time. But it doesn’t necessarily mean we need to use this collapse as a way to take advantage of somebody. And that’s exactly how they get you. So they use the fear mongering as a way to get you in the door.

Then they entice you with free silver. So they say, hey, we’ll give you 500, $5,000, whatever, free silver. It’s not worth that. New Year. Close. Ask Miles Franklin. Hey, if someone called with a hundred thousand dollars, could you give them, could you afford to give them $5,000? Don’t give me free silver. Just give me what I should be doing based on the money I give you. I know what the. If people don’t want to get hosed, you got to look at what the current spot price is, make sure that you understand what your premiums are and just buy smart like you would anything else.

But the issue is a lot of people call and understand that, but it’s a lot different when you have someone. Okay, so let’s say that I call because I saw a Glenn Beck commercial for whatever company he sells for. And I call because I trust Glenn Beck, because I know, Glenn Beck is a good man, and he says the things that I believe in, and we believe the same things, and so on and so on. So I call and then I say, hey, I want to buy. And I’ve done, let’s say, just minimal research. I know that gold and silver American eagles are what I need.

I know what my sweat price is, and so on. And then I call that company, and then that company says, hey, how did you hear about us? We heard about you from Glenn Beck. Okay, great. So then they’ll leverage that too. They’ll say, oh, you know, well, there’s a reason why Glenn Beck works with us. And so on and so on and so on. So they’ll use these things against you to get you to buy the coins that they want to sell you, not the coins that are best for you. It’d be like Sarah, if they were using me.

She’s a trustworthy person. You ever think she’d sell something that wasn’t trustworthy? God, I’d be so angry if people are doing that under my name. Yeah. And so they’ll use that. They’ll. Like I said, there was very few things you couldn’t say as a salesman. And it’s telling that the sales calls. So when you call in, the sales calls are not retained. So that we would record them and we’d only keep them for 30 days, and then they’d all get purged. But then we have a specific line in a specific room with admin that would call and lock in, lock in your trade with you on a recorded line that was retained in your file, which is you agreeing to all of the purchase prices and so on.

But you. The legal part. The legal part, but you never get to hear the part where they sold you the coins. And then you got to ask yourself, why is that? And it’s very simply put, because if those recordings were made public, then you would be. These companies would be in a world of hurt because they’re everyone to come out, all the legitimate guys would come out and be like, this is not good. This is not true. So on and so on. But to answer your question on culture, so it very. I’m sure it varies office to office, but essentially these are not people that you would trust to watch your kids, never mind, you know, investing your whole life savings that you’ve worked for.

So the, the recruitment usually for us came from Craigslist. It was like a five dollar on Craigslist or whatever. And then you’d bring them in and we call it. We Like I said, we call them Junior A’s. And then depending on the person, most people didn’t cut it because it’s, it’s super cutthroat. But those that did make it had the upside of that is huge. Right? You could go from making $20 an hour at McDonald’s to making half a million dollars in your first year if you’re good. So the upswing of being good is, is massive.

And is it like a party scene too? I mean, they go out, they laugh, they laugh, oh, I just got this guy to buy this. I mean, you know, because like in the Wolf of Wall street, they, they just laugh at the people. They do drugs, they do sex parties. I mean, it’s just a gross environment. Do you see some of that too? So there was a lot of high fiving and, you know, good job, you know, a lot of drinking. So we, our offices were right across the street from the Doubletree Hotel in Culver City.

So we actually moved out of the city of Santa Monica attorney’s office jurisdiction because Isaac was concerned about being sued. So we moved into Culver City. So our office was right across the street. So you’re talking 10, 11 o’ clock in the morning. Shade Johnson Kelly, our VP at the time. All right, boys, Bloody Mary time. And they’d go over and their lunch was alcohol and like a salad. I mean, they operated on, on booze. There was guys that. I remember a guy, one of the, the first account executives that came from Merit, he had a flask of whiskey all the time and he was just drinking.

He would just drink on the job. And so you had this culture, this like kind of frat boy type culture where. And, and it was more, it was actually more that if you called and they couldn’t flip you into premium, that they would get mad that they couldn’t. So that, like they hang up the phone. Let’s say you called and you was, you were trying to buy bullying and I tried to flip you. I couldn’t flip you. And you were just like, nope, I want this. This is what I want. They’d call you, they’d call you a lot of names when they hung up the phone, you know, and the, the big.

Would they say it to you? I mean, if you were a serious professional, they wouldn’t, they would, they would never say, except for in the instance in that guy that I told you about who would say it to you. So they would sell you what you wanted if you, if they knew they couldn’t take advantage of you sometimes yeah, like for example, the guy that I told you about, he would send their money back. He would say, I’m not going to sell to this person. Why would he? You have no incentive to sell it to him.

You’re not making any commission. Why should I make money for the company if I don’t get anything from that? Does information come back to the, the, to the people who are promoting, you know, like these people treated me like crap. Why are you selling these people? How do you get, how do you get in contact with Glenn Beck? How do you get in contact with Sean Hannity? How do you get. I mean, I’ve tried, I’ve tried every which way you could imagine. How do you get in contact with these folks? Well, maybe they’re shielded from it.

You know, they, I know you don’t want to give them the benefit of the doubt, but gosh, they’re sitting on a reputation killer that is dangerous to their reputation waiting to explode. And I totally understand that, which is why I’ve tried to go out and talk to them and, and you’re right, there may be being gate kept. I just think for me, it’s just this has been seven years of my life and now I’m at the point where the. Protecting the customer, protecting the client, protecting the people’s IRAs supersedes. Yeah. Someone else’s reputation because they’ve been out in the media and built its reputation.

Well, they need to stop because it’s hurting too many people and they just need to learn about this and figure it out because their rep. Their reputation’s on the line and they’re going to. It’s just a matter of time that you usually. Truth comes out over time and even if it’s through back channels, it just comes out. There’s too many people that are losing their life savings. It’s incredible. Incredible. I mean, what we’re seeing, the flood of people coming in is incredible. So that is telling me this is, this is a serious operation and, and the feds and everybody’s looking the other way.

Well, so that’s another element to this that really frustrates me. I don’t think they’re necessarily looking the other way, but they’re not doing as much as they need to. So I’m currently working with my congressman, I have a freshman congressman, I had worked with my prior congresswoman to, and get legislation on the House floor floor. And this is federal level. This is at the federal level. There’s no way to solve this state by state. It would take too long. So the only way to solve this is you have to get federal legislation on the House floor and you have to get it passed.

It’s the only way to solve the problem. But do they care because it’s conservative Christians being taken? Well, it makes you wonder because Ted Cruz has a gold sponsor. There’s a bunch of these guys. Now, do I think that Ted Cruz knows that this is happening? Probably not. Want. But the point being is if you look at all of these guys who have a podcast or something like that, then they all have a gold sponsor. In fact, Kyle Seraphin told me that the question isn’t, you know, the question is, how do you have a gold sponsor? And why not if you don’t have one? That’s true.

Well, but I’ve had a lot of people, you know, different influencers that people have called me and they’re smaller and they’re like, I need a gold person. I need a gold person. I’m like, think, okay, go get a gold person. I’m like, that there’s other things you can sell too. It’s not like gold is the only thing. Everybody feels they have to get a gold. And it’s probably because they’re all talking about how much money they can make. I’m like, well, I make decent money, but I mean, there’s other things you can make decent. I mean, I, you know, I.

Because I’m not making a killing, I’m like, well, I don’t know, you know, just find other products too. It’s good. But, Well, I, I don’t. For me, I think that if, if you’re, if your motivation for doing something, like, I, I started my own show. I’ve got a small thing going. My motivation isn’t to make money. My motivation is to inform people of things that are happening. So if you’re, if that is your primary motivation, if you’re starting out and look, I understand it, I, I get that, you know, you. Sometimes having that leg up is a really good way to boost yourself in the long term.

But like Kyle says, it’s. You have to be scrupulous in what you sell. Absolutely. That’s my point. I’m like, well, I don’t know. And the other thing is you in a position, like me, like you or whatever, you have to make money to keep this operation going. Right? I have a team of people that help me now because I just can’t do it on my own. It’s a lot of work. And so you have to pay your expenses. You have to pay all the things that you’re doing. So I have to make money. But I see it as a win win because I’m promoting good products and good people and they, the listeners get to have a.

Because I really vet things out as much as I can. So now you get an option this of a great product and it’s a win win. You’re not just donating money to me. I don’t like donations because I feel like you’re not anything. Whereas if, if I can share products, the entrepreneurs win because they’re selling a good product. They’re providing jobs for people doing something good. The listeners who want that get it and it’s good and then I benefit. So I’m a business person, so I don’t think business is bad. That’s how our economy works. And promoting entrepreneurs doing good things is good.

That’s why I don’t like donations. And there’s people out there saying if you just, if you’re making money, you’re bad. No, I, you, I, I don’t believe in that. I think it’s the opposite. I think that’s a communist. That’s a bad attitude to have. That being said, you have to vet what you’re selling. 100 and, and I think the people that watch you in and enjoy your content want you to continue doing it because that’s how they get their news or that’s how they are entertained. So you know, is this whole thing with Twitch, I don’t know if people know what Twitch is, but it’s a, a streaming platform and people go, well, why would I give you five doll? Why would I donate to you? And so on.

It’s. Well, that’s the form of entertainment they choose to, to tune into. So if you are providing them some form of entertainment value, people are more than willing to pay you for that entertainment value. And that’s, that makes sense. That’s not a donation. Then. Then you’re paying me for providing material. But that’s the same thing. So if someone came to you and said, hey Sarah, I really like what you’re doing. I really like your content. You are where I go to get my news. Here’s 10 bucks because you provided me value. Very few. I just think there’s so much competition that it’s.

Very few people can make. Very few can make enough money just on donations. And if you can. Oh yeah, absolutely. I mean, and so people out there saying you should just take donations, like, well, unless you want me to live as a popper. I mean, it doesn’t usually work that way. Right. No, I agree with you. You can’t. There’s very few that can make money off of just solely donations. I agree with that. But I think as one element that’s fine. But yeah, I mean, yeah, like my sub stack and then I give people exclusives or whatever.

And that’s a different, that’s different. But to expect people, it’s kind of like everybody’s expecting everybody to make money off donations. It doesn’t, the world doesn’t work that way. Even, even as someone who’s worked in, in the, in the nonprofit sector. Even in the nonprofit sector. It doesn’t work that way. It’s very, very hard. You have to sell something. Yeah, you sell something and then that money goes to the non profit because people want something for their money. They can’t afford to be just giving everybody money to do stuff. Right. Well, unless you’re a gold company that’s marking up your products 170%.

So that’s. So there’s some good news. So there’s some good things. Like I said. So I’m working with my congressman on the, on trying to get legislation passed and helping him draft policy positions so that we can get something hopefully introduced under the House flaw floor floor. Then the other thing is there is a very large influencer, very large media personality who I had. So I had a source reach out, reach out to me last year and say, hey, this person was offered multi million dollars a year contract, asked for all of the information, went away, came back and said no, I’m good, thank you.

I don’t want to sell this product for you. So this person has figured it out out fortunately and I reached out to them and said this is who I am. This is what I’m hearing from my sources in the industry. Is this true? And I crickets for a few weeks. Then I heard from his team saying, hey, we are wanting to do a documentary on this issue. Is that Mike Adams? Because I know Mike Adams. I’m not going to disclose who it is because I don’t have their permission. But it is someone who could absolutely, in one episode completely end this issue.

Well, because Mike talked about it before. So if it’s him, I don’t know if he can end it in one issue. I don’t know if anybody can end this in one issue anymore. Being honest, I’m just gonna. This person has the reach where they absolutely could have a massive impact. Absolutely have a massive impact. Like, like meaning the. It would be a lot easier to get a Bill on the House floor. If this person did an episode, let’s just put it that way, so there this person has the capacity, ability and reach to completely stop this from happening going forward.

And so if they move forward with doing the documentary, which I’ve been in contact with their producers for the last couple of weeks and they say that they’re going to start in June. So, so I’m hoping that this does move forward because like I said, it would be a complete game changer for what I’ve been working on for the last seven years of my life. Well, that’s good. That would be really good if that happens. That would be great. I just want to say that I don’t know unless they can get millions and millions of views.

I mean look at plandemic with Judy Mikovitz that got a billion views and that didn’t make a difference. I’m just telling you I’ve seen a lot. So I don’t know. Yeah, and you, and you could be right. I guess I’m more optimistic that if someone from the conservative space that has that kind of reach comes out and speaks out against it or allows someone to speak out against it, that has the evidence to back up the claims like I do, that we have a massive opportunity to cut the final head off of the snake. Think once and for all because it will create enough of a, it will create enough of a firestorm throughout the conservative space that the, at least I think the, the larger guys, the Charlie Kirk’s, Glenn Beck’s of the world will at a minimum, it’ll make them reassess, hopefully will have them back out of any of the deals that they have with gold companies.

And so that, that’s my hope. And you know, hopes, hope’s dangerous because it doesn’t give you any results. But I’ve just seen a lot. I mean it usually takes, it usually takes more than. It depends on who this person is. And if it’s a somebody that’s as big as them, then maybe if somebody is, this is someone that’s at the top, they’re at the top. And, and there’s just like I said, they have astronomical reach. It’s like a Tucker Carlson or something then maybe. Or if it’s somebody like that, but if it’s anybody else, but they’re, they’re also mainstream.

I mean those, someone like Tucker Carlson is a, is, is more than what you think. I mean he’s backed by intelligence agencies and stuff. So he would be. Work. The, the intelligence agencies would take it Very seriously and so would Congress at that point. Just a short break from the program to share with you an amazing peptide to help you lose weight. It’s stronger than Ozempic and why it’s because it not only reduces your appetite but it also burns fat. These other GLP1s on the market, they do not burn fat, they just reduce your appetite. This one retatrutide is stronger.

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Go to sarah wessel.com under shop or use the link below and remember to use coupon code Sarah. I mean it remains to be seen but like I said, if this person is able to do the documentary there, I’m hoping for widespread change almost immediately in the industry. I think it would be very helpful. Okay, well good, good, that would be, that would be really great. It would be huge. It would be huge. And we like for me, like I said I’ve been doing this for seven years and my big thing has been I’ve never, I’ve never stopped doing things.

I’ve always tried to continue but there was just a point where I was, it was like a part time job. I mean it was 20 plus hours a week that I was trying to get people to listen, talk to California Attorney’s General’s office, talked to the cftc, the sec. I still have ongoing complaints with them. And, and I just finally said you know what guys, if you guys aren’t going to do anything. I’ll just do it myself. Like, I, I don’t, I’m not going to sit around. So just full disclosure and I disclosed this on Kyle Seraphin show.

If I, if, if the SEC and the CFTC were to actually close down Augusta tomorrow and we’re able to get any form of restitution. So let’s say they get out. So for example, Shade, Johnson, Kelly, I mentioned him earlier, he’s the guy, let’s go get bloody Marys at 10:00am Guy. He, he quit Augusta, stole all of the lead databases and he started a company called Red Rock, secured the CFTC and SEC filed a lawsuit against him for 68 mil. $68 million lawsuit against him. So let’s say that they were able to actually get $68 million, which I highly doubt, but let’s say that they were able to recover $68 million.

I am entitled to under the law 10 to 30% of that claim. So I could and it’s totally dependent. So minimum is 10%, maximum is 30 and it’s at the discretion of the agency. So if the agency says you were pivotal in doing this, you get 30%. If and if they say, well you, we, you didn’t really do much, you just gave us a complaint, here’s 10%. Right. So that’s kind of how that works. But for me it’s never been about the money. I don’t care about the whistleblower money. That isn’t why I did this. It isn’t why I came forward.

I didn’t quit 100. Would you get paid? Would you get paid whistleblower runner? I had Brad Birkenfelden. He’s the, I’ve had him on multiple times and he’s the largest paid whistleblower in U.S. history. And he had to go to prison. He went through a lot. I think people who are whistleblowers deserve to get paid. Would you get paid for being a whistleblower on the this if I believe if there’s a recovery I will get paid something. But my point isn’t if I will, when I will, whatever. I’m not looking at that as some sort of payday.

My point is this. The CFTC had my complaint. We filed it December 2018. I talked to them. My, my attorney said we be ready to wait two to five years because that’s usually the response time, which is unacceptable, by the way, completely unacceptable, but would be willing to wait two to five years. And I said, well, I’m like really? Okay, within seven Days. So it was like five business days, about seven actual days. The CFTC had contacted my attorney and said, we want to talk to him. So I got on the phone with them. I’m like, this is promising.

Maybe they’ll start moving. So then I got on the phone with them, I talked to them and talked to some other federal agencies and nothing came of it. And then at the end of 2019, my attorneys are told, you are, we’re closing this complaint because we do not have jurisdiction. And I’m like. So I go. So my turn is like, hey, we can’t help you because this is kind of, this is what we do. They’re saying they don’t have jurisdiction. I’m like, okay, but you guys are the attorneys. If they don’t have jurisdiction, who has the jurisdiction? Someone has jurisdiction here.

And so this went back and forth. And then so finally my attorneys is like, hey, like we, we’re not going to represent you anymore because there’s no case, right? Because they’re taking it on contingency. So I’m like, okay, so well, that sucks. So then I start reaching out to the Attorney General’s office so fast. So at this point in time, so this is around the same time that Shay Johnson Kelly left Augusta, stole the leads and started his company. Then in 2023, he gets sued for $68 million by none other than the CFTC and SEC in a joint lawsuit against them.

And so I read the lawsuit suit verbatim, exactly what is happening at a Gunstadt, exactly what my complaint outlines. So I call my attorneys and I say, hey, like there’s this thing. What’s going on here? Should we refile? So we decide to refile the complaint with the CFTCs and the SEC. And so then we get again, right on the phone with the cftc, we start talking to them and I’m like, okay, we’re talking through everything, we’re saying, look, these cases are similar. Etc. Etc. And then finally Red Rock, they finally filed the indictment against Red rock, got the 68 million dollar judgment and so on.

And I, I remember I was in an Ace Hardware and I’m in it and I was, I, I was doing yard work, something. I’m in an Ace Hardware and I get a text from Jeremy. Jeremy, I always want to say Miller. It’s not Miller. I do it all the time. His last name is not Miller. Merrill. Jeremy Merrill, who I’d worked with at the Washington Post on a story on this same story. And he had texted me a link to the judgment from the cftc. And so I’m happy and I’m pissed at the same time because we had filed in 2018, it’s now 2023.

We had refiled. They know about our case. They have our original, original complaint. They might have closed the case, but they still have the complaint. They still know that the similarities and the parallels. They’d asked me to go through the Monarch’s financial case and. And outline any parallels between Monx and August. That. Right. So they’re asking me all of this information from. For different lawsuits that they’re working on. And I’m. So I get this judgment and I’m just like, going, this makes no sense. His company started after I. A year after I’d filed my complaint, and you guys have somehow sued him before you sue Augusta.

This makes zero sense. So I reach out to the CFTC and kind of in a snarky way, I mean, again, I was very happy because that means less people are getting scammed. So I want to make. Make. No, I’m not complaining about the fact that they got closed down. They needed to be closed down. What I am complaining about is if you didn’t have jurisdiction in 2019, how do you suddenly have jurisdiction in 2023? Nothing changed. And is it because it was a joint lawsuit with the sec? Is. We don’t know. So we filed subsequent complaints with both of them.

So I emailed the CFTC and I said, hey, guys, congratulations on your indictment. This is fantastic. I can tell you everything that Shay Johnson Kelly did at his company. Me. In fact, if you want, I’ll send you pictures of him at my wedding. That’s how well I knew these guys. We weren’t best buddies by any stretch of the imagination, but we were good enough friends that he was at my wedding. And so I. And I’m like, I’ll put my hand on a Bible, and I will testify against any and all of these companies and what they’re.

They are. I’ll be your expert witness for free. Just fly me down there. I don’t need money. Just fly me down there. I just want this to end. End. And so I’m like, just curious with the similarities between the cases. How is it that you filed this lawsuit and closed them down so quickly, but Augusta is still operating and they’re still. Why is Augusta still operating today? That is so crazy. Why? No idea. I have no idea. And see, that’s what I mean. That’s why I’m saying that these things have. I mean, bless whoever’s heart that you’re working with.

And Mike Adams, bless his heart. I mean, I know he does a lot of exposure. I mean, but I just seen so much that. And you have to do it because you got to warn the people so that they’re not going to be victims and we got to help the victims and, and education. I think it has to be a swarm of people coming in. But, you know, bless anybody’s heart. That brings us to the attention of everybody. But it. I don’t know why human beings can’t do what’s right sometimes, because our innate. Our innate nature since the fall is sin.

Sin. People think that we’re born good. We’re not born good. We’re born evil. It is harder to be good than it is to be evil. I don’t know. I think it’s harder to be evil than it is to be good. I mean, it’s harder to do, to treat people badly because now you got to live with it. I can go to sleep at night. But we are the exception, not the rule. And, and, and you’ve seen this in the last, what, 10, 20 years of the degradation of the United States that we, that the. The public at large.

You see this in the, the. I don’t know really fully what your show’s about. You see this in just this, the social and cultural degradation of our society, that it is much easier to do evil and you get praised for doing evil than it is to be good. I mean, you know, the Bible says in. In the end. In end is. Good will be called evil, evil will be called good. And I think that we’re nearing that. That precipice where, you know, we’re seeing the fruit of that play out in our Western society. Because I’m not.

I don’t buy into end days in the way that the. Everybody else does. I think it’s just. And lifting the veil, learning and understanding. And then things change. I just did you know that there’s always been a group of Christian conservatives for hundreds of years that thought they were living through the end days. Of course. Yeah, of course. Always like that. And you can’t argue that this isn’t way crazier than what we have. But the. In. In. There’s a term in business where you bring teams together and they storm. And it’s. It’s. Whenever two groups come together, there’s this storming period and it’s chaos and it’s awful, and then it settles down.

The Internet is creating that same storming period. You would see when you bring Any teams together. I am not convinced that that’s not. Not kind of what we’re seeing right now, because that’s a phenomenon that’s very real in every kind of situation where you bring groups of people together. Although we’re having a financial reset right now, which is in a power struggle. But they also had it during World War II. They had it during, you know, 1913, when things change. Every time there’s some kind of global economic shift, there’s a ton of turmoil. So I think.

I’m not. I just don’t want people to think that the world’s coming to an end. I think it could be natural changes, but it also could be this. This excellent opportunity of learning and the Apocalypse, which is lifting the veil of learning and becoming better. I like to look at it that way because I think that’s a much more positive, realistic view. I’m just throwing that out. Yeah, I know. And you know, I, I would tend to agree with you. I mean, at some point, if you believe in the Bible and you believe it is the innate word of God, then you would you.

Then days do. It could be in a thousand years though, right? It could be. And I. And you know, I’m not. Obviously we’re not here to discuss theology, but my point being is my perception of humanity is that our default nature is sin. It is not good. And it has been that way since the fall. And you see this in the fact that we age faster, we die quicker, and so on and so on, Right? Because we have fallen to sin. And that’s why people do it. And this ties back to, let’s say you’re in Los Angeles county, the most expensive county to live in probably in the United States.

And you are a guy that has no. No true training or background or college degree or whatever. And you are. But you’re very charismatic and you are kind of unscrupulous. And your goal is just to make money. Then you’ll be a great salesman because you can go and you can again. You can. If you can put your head on a pillow at night and know that you just took 10% of this person’s retirement funds and put it in your own pocket, and you do this in perpetuity. You will be rich. And that’s what your end goal is.

And you have no basis for any moral reasoning outside of the here and now and what money I can make, then this will be very easy for you. And I think more people like that exist, that exists where we would sit and go, hold on a Second, hold on a second. Maybe this isn’t good because I’m hurting another person. Yeah, because we, I don’t know if that’s true, but maybe you’re right. I just think there’s a lot of good natured people. I think, I think people are general, generally good. So I have a different perspective. I think that the average person is good.

I think maybe the average person you, you hang out with. I live in a very blue city, so I see the opposite. And I think there are a lot of people, people who would take advantage of people. But I think there’s more people who are good and want to feel they’re part of good, some something good than people who are bad. But a lot of them that are bad exist. You’re right. I just don’t think it’s the majority. Well, I’m hoping that that is the case because as we seeing even in, like you said, when two groups come together, they collide and there’s going to be a collision here between what I would say is the, the scrupulous and the folks like ourselves who are willing to talk about issues and are willing to stand up against other conservatives who are, whether knowingly or unknowingly, participating in something that is doing harm to others.

There’s going to, this is going to, this is going to result in a collision, right? There’s going to be that collision and it’s going to blow up and folks are going to be made aware that their retirement funds aren’t just there and what’s going to end up happening. And this is the unfortunate reality, it’s going to turn into somewhat of a bank run where you’re going to have thousands and thousands of people go back to these gold companies who sold them these coins. At the same time, these companies are not going to have the capital at large ready to buy back all of these coins and they’re not going to have the new consumer base to come in and purchase those coins from them to keep the cash cow going, going.

So at some point it’s going to be just like a bank run. Everyone’s going to show up with the bank note in hand saying this is I need my money now. And then these companies are going to go back, they’re just going to get whatever the value of the meltdown silver or gold is and they’re going to just be out a large portion of their life savings. And that’s why, that’s why we’re trying to help people while we can because kind of a stealth mode really until this, this becomes hugely known because while this is in this state, we can help people.

100 and I agree with you. And in fact, we see this bear out in the Merit Financial case. So when Merit Financial was sued, they were selling. I believe it was the, The. The. The British Gar Sopa was their coin. And then they had the Polar bear and cub, the Canadian Polar Bear and Cub, and they had a White Falcon. So they had a few. Merit had a few exclusive coins that they were selling. And once they had. Once they went defunct, people were realizing, oh my, my coin isn’t worth anything except melt. Which Melt usually isn’t just spot.

It’s actually less than spot because the dealer has a fee that he has to pay to melt that down. So what ended up happening when Merit closed? There was two. I know of two companies. August Cern, another company that started essentially out of the ashes of Merit. And I like to actually use the analogy that it’s like a Medusa. You cut the head off in two. Grow, grow back. Right. And so this is exactly what happens with every company. Well, when Merit went defunct, what happened was you have this exclusive coin contract that now cannot be.

They. They can’t see out the end of their contract. And so Augusta started selling the. The Polar Bearing Club and the, The White Falcon and the Gar Sopers. And then this other company did. And then another company popped up temporarily that ended up. They ended up failing. But there was like a few of us then competing. And what you saw with the premiums is you can’t. And we. And two guys had. Stole the list. Stole the list from Merit. So there was a guy that came to Augusta with the list in hand that he used to.

To negotiate working from home with. He said, I have this list. I’ll give it to you if you let me sell from my house. Because he was flying from Georgia. So this guy lived in Georgia and he would fly to LA every week. On a Monday morning, he’d fly to LA from Georgia. This is how much money they were making, making it made more sense for him to live in Georgia, fly to LA on Monday and fly back home on Thursday or Friday and then spend the weekend with his family, had a wife and kids, spend the weekend with his family in Georgia and then fly out the next week.

He could afford to do that every single week because that’s the kind of money they were making. But he was like, well, why would I do that if I can use this, this list of customers to negotiate working from home? Unfortunately, it didn’t work out for him because Isaac just weaned him out over time, give him worse and worse leads over time. Once we gotten through that merit list. But we work for people like this over time. They’re going to hose you unless you can make them consistently of killing. They have no loyalty to you either, correct? Yeah, there’s.

There is no loyalty. It’s cutthroat. It’s. Yeah, if you can serve me in the here and now and you can make me money in the here and now. And this goes both ways. So they’re very, very good. Salesmen will go from company to company based on who’s paying the best commission. Maybe they have friends at one company they prefer to work with. So, you know, there’s that element too. And negotiation Isaac lost money on. He was giving at one point signed large like $20,000 signing bonuses to salesmen and a salesman. One guy actually turned out he was a meth addict.

He took the $20,000 and never showed up. Well, Isaac negotiated it, took the. He took the 20 and just never showed up. Well, this is why there needs to be these people who are known criminals need to be brought to justice and there needs to be a penalty for being that type of person because otherwise you’re just going to. The Medusa thing is right, they just leave and keep doing stuff. If they never have to face the walls of justice, then who. What is they? They are rewarded for their behavior perpetually. And so they have to face the consequences.

If nobody ever faces the consequences, nothing ever gets cleaned up, period. It’s just the way it is. So how do people reach you and watch your show and find you and learn about this? So the easiest way to get in contact is just go to my website. It’s just my name, dalewhitaker.com that links to all of my socials. You can send me an email. And I know you guys have been helping with Miles Franklin as well. I’m also in my efforts helping folks. So if anyone has any questions or needs assistance, please feel free to reach out to me.

I’d be glad to talk to you. Like I said, I’ve just. Since Kyle’s show, we’ve, I’ve had recoveries in the millions and that’s, you know, and that’s what we’ve had. Just in the we the two months that we’ve been doing this, I think millions and millions of dollars have come in. But even if they’re state legislatures, I know you think it needs to be done at the federal level, which is Good, good. The states can do something to come in and protect people. So at. At minimum, especially out of California, that’s where it’s all happening. It sounds like most of them are based out of there.

So. Freaking California. California is a wasteland. They never do anything for people. They just are all talkers and they always are hurting people just like it’s California. Yeah. So, you know, they never. It seems like they always talk about how they’re helping people and all they end up doing is hurting people. And I guess that’s the evil you’re talking about is. Is all talk convincing people that something’s good when it really hurts you. But anyways. Okay. Well, thank you so much for coming to the program. Thank you for what you’re doing. I think it’s really important.

It is really. And not just. I think it is really important. So thank you so much. Of course. Thanks for having me, Sam.
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