South Florida New Wild West for Illicit Precious Metals Market

stockbroker fraud attorneyBetween September 2010 and December 2011, Liberty International Financial Services, Inc. (LIFS), of Ft. Lauderdale, allegedly solicited investors for the acquisition of supposed precious metals positions in gold, silver, and palladium, and over-the-counter stock.

Christopher Anzalone, 31, of California and Jeffrey Schuler, 54, of Boynton Beach, Florida, were the co-founders of LIFS.  Schuler was responsible for the execution of precious metals trade orders for the benefit of investors, while Anzalone was responsible for overseeing LIFS brokers.

For their alleged involvement in related investment fraud schemes that generated a combined sum over $16 million in investments from victims, Anzalone and Schuler were charged with investment fraud by, among others, the FBI, United States Postal Inspection Service, and Commissioner Drew J. Breakspear, Florida Office of Financial Regulation.

From mid-2011 through 2013, Liberty International Holding Corporation (LIHC) was a holding corporation in Fort Lauderdale whose stock traded in the over-the-counter market, and LIHC brokers solicited investors for the purchase of LIHC stock.

Anzalone, the co-founder of LIHC, allegedly represented to brokers and potential investors that LIHC had substantial assets, including a significant position in metals held in a Panamanian depository. The charges against Anzalone allege that LIHC did not hold these positons or any assets of real value, and that Anzalone was cognizant of the fact.

These alleged misrepresentations made by LIHC broker lured multiple investors whom purchased more than $9 million in LIHC shares.

Investment Fraud Lawyers Investigating

The Peiffer Rosca Wolf investment recovery lawyers often represent investors who lose money as a result of investment fraud. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of investment fraud or misconduct may contact the investment recovery lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1168 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.