Should I Avoid the Advantage Gold Complaints?

  • AdvoCare International, Inc. changed its name to Nutrilite and changed its stock ticker symbol to NTRI.
  • The company's stock currently trades on the NASDAQ under the NTRI ticker symbol.
  • AdvoCare sells nutritional products and supplements through its multi-level marketing (MLM) structure.

The Advantage Gold Complaints may have negative connotations, but the complaints can also put you on alert to a possible scam. Advantage Gold (AGC) is one product sold by AdvoCare International (ADIO). The company sells nutrition products and supplements through its multi-level marketing (MLM) structure, but the product is not risk-free.
AdvoCare International, Inc. changed its name to Nutrilite and changed its stock ticker symbol to NTRI. The company's stock currently trades on the NASDAQ under the NTRI ticker symbol.

Advantage Gold Lawsuit

The class action lawsuits against Advantage Gold are ongoing, and it's a difficult question to answer. There is no guarantee whether you'll win your case or not.
The lawyers who filed the cases did so on behalf of a group of clients who had purchased gold from the company. These clients claim that the company used fraudulent means to persuade customers to purchase gold. The clients made their claims after the company closed and filed for bankruptcy.
Advantage Gold products included gold bars and coins, as well as foreign currencies. The company claimed that its gold was priced at $1,995 per ounce. This price included shipping and other fees. But clients allege that the company actually charged up to $7,000 per ounce.

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Advantage Gold Settlement

Advantage Gold Settlement, also known as Advantage Gold Direct, is one of the companies behind Advantage Gold Group. However, Advantage Gold Group was not involved in the Advantage Gold Settlement complaints. Advantage Gold Settlement was an annuity company.
Advantage Gold Settlement served as a settlement agent for Advantage Gold Direct, a precious metals dealer. Advantage Gold Direct was owned by Advantage Gold Settlement until its closure in 2013.



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Advantage Gold Class Action

The Advantage Gold Class Action was filed in September 2020 and is awaiting a settlement.
The Advantage Gold Class Action covers customers between the years of 2007 and 2017. Those wishing to join the Advantage Gold Class Action must file a claim by September 4, 2021.
Settlement awards will be determined at a later date.

Does the Advantage Gold Settlement Affect My Own Claim?

Advantage Gold Settlement, LLC (AGS) is an entity set up by AXA Equitable to settle Advantage Gold's claim on the deferred sales charge (DSC). The AGS was established so that Advantage Gold's claims could be processed independently from any other claims by investors.
Any investor who has lost money in the AGS claim should consider seeking legal advice. The AGS process allows investors to consider all of the facts in their case and allows for an appeal of a negative decision.



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How Can I File an Advantage Gold Lawsuit?

The Advantage Gold Complaints allege that the company violated the Racketeer Influenced and Corrupt Organizations Act (RICO). This statute, which was passed into law in 1970, allows the private attorney general to bring civil lawsuits against organizations suspected of engaging in criminal activities. The penalties of conviction are severe, and often include treble damages, attorneys' fees, and punitive damages.
The Advantage Gold Complaints also allege that Advantage Gold violated the Fair Debt Collection Practices Act (FDCPA). This law prohibits debt collectors from using abusive, deceptive, or unfair debt collection practices.
The Advantage Gold Complaints also allege that the company violated the Securities Exchange Act of 1934. This law governs securities trading, and states that it is unlawful for companies that file reports with the Securities and Exchange Commission (SEC) to falsify or omit material information from those reports.
The Advantage Gold Complaints also allege that the company violated the Truth in Lending Act and Fair Credit Reporting Act. These laws protect consumers against unfair and abusive practices by financial institutions, including debt collectors and credit reporting agencies.