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Owner Jim Berg (alias Jim Berg) having several prior bankruptcies and being associated with foreclosed property, reports to operate a sole proprietorship as SDC. Operation includes taking up front payment for coins, not delivered within contracted time, some not delivered at all. When contacted SDC then refuses to refund or to provide coins, then attempts to evade all contact attempts.
I spent time and money consulting lawyers and private investigators to prepare a case for recovery of funds paid on contract for specific investment coins. I found that Jim Burg(Berg) and SDC had been, and had continued to be under investigation and legal action, by Breckenridge Police department (Jim Burg lives in Breckenridge, operates SDC from this city and this is the local law enforcement), IRS (SDC is alleged to retain money over income tax quarters, in some cases over calendar years, in other cases without supplying coins as required under contract, and without reporting payments received as income) and FBI ( SDC receives money by wire transfer, making crimes across state lines a federal fraud charge.) I was also able to contact members and officers of the gold dealers society, with which a favorable buiness relationship is essential for the continuance of SDC. Officers of this society confirmed that there were ongoing problems with SDC and advised against any future business dealings.
By threatening law suit, cooperation with IRS, FBI, by identifying and naming hidden assets in suit to recover damages, threat of punitive damages for demonstrable fraud and intent to commit fraud, and after reporting SDC actions to the gold dealers society, I was able to get my investment returned. Settlement was made 4 days before lawsuit was to be executed. This cost me three months of vigorous pursuit and thousands in expenses. I encountered prior clients that had not been so lucky.
In my opinion is is a very disreputable business man, some of his actions were criminal, SDC appears to operate as a "ponzi" scheme (during this time, SDC had control of my funds for 4 months), and I would strongly encourage anyone to avoid doing any business with SDC.
The complaint has been investigated and resolved to the customer’s satisfaction.
James Peter Burg, his father Bart J. Burg and brother John Edward Burg operated a tax and investment company AMS Financial Consultants in the late 1970's. Bart's resume stated he was a CPA and had attended Northwestern University and boasted MBA from Santa Clara. Bart never attended Northwestern or Santa Clara and was never a CPA. John Burg was briefly a CPA but not during the AMS tax prep years. Bart and Jim formed National Telephone Exchange in Santa Ana with Patrick Nicholas DiCarlo Sr. who represented himself as a graduate of USC with his wife MJ a cheerleader. Pat admitted years later in a deposition that he never graduated from USC. The Burg-DiCarlo etal team scammed multiple investors and with criminal investigations and hundreds of thousands of dollars in bad debt they threaten and intimidate anyone attempting to recoup monies. Bart Burg and Pat DiCarlo have been in these fake businesses with the same result. DiCarlo readily admits he's been investigated for organized crime since -- the late 1970's. It's time to make them pay. DiCarlo and friends were unable to shake Orange County District Attorney Organized Crime investigators until Anthony Rackauckas was elected with the support of DiCarlo in 1998. When DiCarlo was threatened by a Las Vegas "business associate" he called the District Attorney at home and had investigators at his home to take the report. But when they began to investigate him as the perpetrator instead of a victim he complained to Rackauckas who immediately dismantled the Organized Crime Investigation Division and ordered the destruction of all evidence pertaining to past complaints and crimes against DiCarlo. Complaints have been made to various responsible governmental entities. Burg accounting, tax preparation and investment advice - all fraudulent as he has no education or CPA. DiCarlo's USC graduation - all fraudulent. So the pump and dump / ponzi schemes with no repayment of duped investors is a major IRS complaint going back decades.
James Peter Burg has billed himself as a tax professional and investment advisor from the late 1970's - originally in California. His investors have lost everything for decades. He was Controller and a founder in National Telephone Exchange. His tax practice AMS Financial Consultants in Tustin CA, Burg & Billmeier, Burg Ent. all fraudulent. He changed from tax prep fraud to telecom investment fraud to gold sales when he moved to Santa Barbara Deak and Co faced allegations from the President's Commission on Organized Crime that they laundered money for Latin American drug traffickers, facilitated the Lockheed bribery scandals, and smuggled currency from the Philippines. (see Wikipedia – Goldline History) Goldline, under scrutiny by District Attorneys, Congress, FTC SEC and traces its corporate history to Deak Investor Services where James Peter Burg landed following National Telephone Exchange, based in Santa Ana, CA doing business across the US. James Peter Burg and his wife Suzanne Cardin aka Suzanne Burg "left California" for Arizona and Swiss America Trading and now flaunts its BBB F- rating from Colorado where they moved to escape AZ. Flaunting multi-million dollar homes, ranches, expensive cars and lifestyle-they file BK on a regular basis. There is no buyer beware when the INVESTMENT ADVICE comes from a family of CPAs, SEC Investment Advisors that won't answer simple tax return or investment questions about Alba-Cross, Ltd., Automated Administrators, National Telephone Exchange...the list goes on.
There's so much more to these stories...
ShamScam.com
http://www.shamscam.com/jim-burg-a1754.html
ComplaintsBoard.com
Superior Discount Coins — Fraud and Intent to Defraud