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The Colorado District Court sentenced Robert Ray White Samples to 10 years in jail and ordered him to pay $1.3 million in restitution to his victims.  The Security and Exchange Commission (SEC) charged the defendant with operating two fraudulent investment schemes that raised more than $1 million from investors. Some of his defrauded investors were senior citizens. 

According to the Commission’s complaint, from at least September 2002 through September 2006, Samples, operating through his company, Pot O’ Gold Financial Services, LLC (“POG”), used material misrepresentations to raise at least $1,033,597 from 31 investors, including seniors, in two pooled investments (the “civil action”).

The SEC began the investigation back in 2007, trying to uncover Samples’ fraudulent operations.  This sentencing finally brings it all to a close. 

The defendant was an unregistered broker that convinced investors to trust him with their money, even though he didn’t have the credentials.  You may think that you wouldn’t fall for this, but brokers are trained salesmen who know how to make a sale. Samples is finally being punished for his illegal activity but it will be years before his victims receive full restitution, if ever.  If you were one of Samples’ victims, would you be able to wait years to have it returned?  Don’t be the next baby boomer left with nothing.  Investigate before you invest a dime of your money.