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Gold Gate Capital

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Gold Gate Capital Reports & Reviews (2)

• Jul 26, 2023

On February 14, 2023 Gold Gate Capital induced my mother, who is 88 years old, to transfer $350,000 from another IRA account by getting on a joint call with her broker and demanding he transfer the funds. He did so and the money was moved. Once there, Gold Gate used these funds to purchase United States Silver Liberty coins and United States Gold American Eagle coins at inflated prices. The amount of her loss is unknown at this point but it could be a good portion of her life savings. I am her son trying to help her recover her money and getting the runaround. I fear that to get the money back I will be forced to sell at below market prices just like she purchased at inflated prices. Avoid at all cost, a reputable firm like Fidelity offers the same services without the unknowns.

On May 19th, 2021, a hearing was conducted by the CA Department of Labor Standards Enforcement and it was determined that Gold Gate Capital owes $28,553.36 in back wages, commission, interest and overtime to me.

I worked for Chris Seebert and Kyle Winn for close to six months at their Gold Gate Capital Office by LAX and was never paid my lawfully owed full wages. Every time there was a discrepancy in pay, I would bring it up to Kyle and it was never resolved. As a result, I filed a wage claim with the labor commissioner and successfully prevailed.

Chris Seebert, as the CEO of Gold Gate Capital, I expect you to pay the wages I am owed. I have waited three long years to resolve this issue. You did not respond to my emails and so I want to tell everyone on the internet my thoughts on Gold Gate Capital.

Most of the account managers are very nice people just trying to make a living. I would describe the pay as base with commission. The base and commission you are paid is what you successfully negotiate.

I later learned that the meat and potatoes of Gold Gate Capital is doing IRA Rollovers. In the terms of service they have contractually given themselves the right to charge as much as 25% numismatic or rare coins but that these numbers are only general ranges and are subject to change! Everybody, be very careful here as the contract language gives them the latitude to potentially charge more than 25% on numismatic coins during IRA Rollovers with this firm.

If I was short changed out of my lawfully owed wages, I can only wonder what else must be going on at this office. Gold Gate Capital, I will await your response.

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5250 W Century Blvd., #501a, Los Angeles, CA 90045, USA



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