Judge denies release of complaints against Fort Collins-based First American Monetary Consultants

DENVER - Complaints against a company accused of selling gold under religious pretenses but not delivering will continue to be kept secret in Colorado.

District Court Judge Martin Egelhoff decided Friday that Colorado's Attorney General has the "discretion" to release the consumer complaints CALL7 Investigator Keli Rabon requested, but is also allowed to deny the request.

In June, Rabon requested the documents as part of her investigation into First American Monetary Consultants. The company sells precious metals as an investment opportunity specifically targeted to the elderly and Christians.

The CALL7 Investigators requested and received consumer complaints about FAMC from other states across the country, but Colorado refused to provide the records.

The records we did find included alleged victims who reported losing as much as $390,000.

In his ruling, Egelhoff said people might not file personal or financial complaints if they thought they might be made public and the AG has an interest in protecting businesses from illegitimate complaints.

Still, Colorado's AG never opened an investigation into FAMC.

He did, however, share the complaints with the Better Business Bureau - a non-government organization with no regulatory power.

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