Saturday, December 31, 2011

Class Sues 'Christian' Financial Adviser

Courthouse News Service

JACKSON, Tenn. (CN) - A state legislator who established a second career as a self-proclaimed Christian financial adviser defrauds people by persuading them to buy gold and silver coins, then withholding delivery, investors say in a federal class action.

Plaintiffs Damian Orlowski of Chicago and Lynn Cechin of Texas say Larry Bates, a Democrat who served in the Tennessee General Assembly from 1971 to 1976, his company, First American Monetary Consultants and a handful of associates, including radio stations, target Christians and the elderly through radio broadcasts and the Internet.
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