Owner Jim Berg (alias Jim Berg) having several prior bankruptcies and being associated with foreclosed property, reports to operate a sole proprietorship as SDC. Operation includes taking up front payment for coins, not delivered within contracted time, some not delivered at all. When contacted SDC then refuses to refund or to provide coins, then attempts to evade all contact attempts.

I spent time and money consulting lawyers and private investigators to prepare a case for recovery of funds paid on contract for specific investment coins. I found that Jim Burg(Berg) and SDC had been, and had continued to be under investigation and legal action, by Breckenridge Police department (Jim Burg lives in Breckenridge, operates SDC from this city and this is the local law enforcement), IRS (SDC is alleged to retain money over income tax quarters, in some cases over calendar years, in other cases without supplying coins as required under contract, and without reporting payments received as income) and FBI ( SDC receives money by wire transfer, making crimes across state lines a federal fraud charge.) I was also able to contact members and officers of the gold dealers society, with which a favorable buiness relationship is essential for the continuance of SDC. Officers of this society confirmed that there were ongoing problems with SDC and advised against any future business dealings.

By threatening law suit, cooperation with IRS, FBI, by identifying and naming hidden assets in suit to recover damages, threat of punitive damages for demonstrable fraud and intent to commit fraud, and after reporting SDC actions to the gold dealers society, I was able to get my investment returned. Settlement was made 4 days before lawsuit was to be executed. This cost me three months of vigorous pursuit and thousands in expenses. I encountered prior clients that had not been so lucky.

In my opinion is is a very disreputable business man, some of his actions were criminal, SDC appears to operate as a "ponzi" scheme (during this time, SDC had control of my funds for 4 months), and I would strongly encourage anyone to avoid doing any business with SDC.