About 1 year ago I heard an ad for buying gold on a radio talk show whose host's opinion I greatly valued (until this experience). Given that I shared the belief that the US economy was in danger, and had been considering purchasing gold in some form, I called the number the host announced.
The saleswoman confirmed my fears, and convinced me to purchase rare gold coins from the company she worked for. She touted the coins as uncommon, even among this class of coins. She convinced me that the value of what she was selling me would triple, quadruple, etc. over a 3-5 year period, and that this investment was more "wealth preservation" than a quick fix. I fell for her pitch, and purchased way more than I had originally planned for. I even raided my IRA and withdrew funds to pay for it. Now I owe thousands of dollars in my 2014 taxes, due to this withdrawal. I told her that I was living on a limited income, and hesitated to withdraw any of my retirement funds. When I asked how I was supposed to pay those taxes, she said that I could use some of the British Sovereigns that she wanted to sell me.
I have the coins in my possession
now, and out of curiosity I brought a few to a local dealer to see what the actual value would be. He informed me that the ones I showed him were quite common, and that I would only be able to receive 50%, at best, ***** ***** I paid for them.
Do I have any legal recourse to recover any of the money I paid to this company? I realize that I'm an adult and in my right mind, but given the enormous markups they used, and their misleading me regarding how I was to pay my 2014 taxes, I would think that there must be something I can do.
Thanks for your help,