7k Metals connected to FAILED Silicon Valley Bank. SMW money GONE? #BankFraud #PhilGodlewski

Oh boy, it's happening! The 7k metals, Sound Money LLC scam is coming undone. Josh Anderson was forced to speak about the Silicon Valley Bank connection they had because it directly impacted their debit card rollout that was to be tied to the Sound Money Wallet account.
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It goes far deeper than that of course. 7k metals was found in 2016 as an LLC in Idaho. It's goal was to sell collector coins thru an MLM scheme. In 2020 during the pandemic lockup, Josh Anderson founded Sound Money LLC in Idaho as a scheme to protect them from investigations.
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There was a massive crypto and commodity boom. Lots of people adding new banking products piling on risk. SMW added the ability to buy and sell gold and silver bullion, digitally in the account. It was setup like a crypto wallet.
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Problem is, they were NOT buying the bullion they claimed the were vaulting. It was IOUs. This is where the problem is currently.
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They have "enough" to handle small withdrawals of silver in their commingled vault, but not 1 to 1. There also isn't enough money to cash out and make people whole.
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There's no paperwork or contract explaining any protections. People are screwed, lost their life savings and don't realize it yet.
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They will say otherwise until the very last moment of course. Deny, extend and pretend. But it's over. They're trying to push their collector coins inventory in the meantime HARD.
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Regulators and law authorities will investigate them. You heard it here first.
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And give a big thanks to Phil Godlewski in Hawaii spending that commission money while the whole thing burns.
#toddcollins #philgoslewski #goldco #mlm #ftc #scam #bankfraud
Source: Marty Lagan
https://www.youtube.com/watch?v=rbf1SxRDPeg
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