If you don't have it in your hands, you do not own it:
http://www.silverdoctors.com/esteem...ilty-in-90-1m-silver-ponzi-scheme/#more-10902
“As part of their Ponzi scheme, Wilson and AB&C….fraudulently offered contracts of sale of silver bullion, a commodity in interstate commerce,” said the CFTC. “Through their Ponzi scheme, defendants obtained at least $90.1 million, from at least 945 investors, for the purchase of silver.”
http://www.silverdoctors.com/esteem...ilty-in-90-1m-silver-ponzi-scheme/#more-10902
“As part of their Ponzi scheme, Wilson and AB&C….fraudulently offered contracts of sale of silver bullion, a commodity in interstate commerce,” said the CFTC. “Through their Ponzi scheme, defendants obtained at least $90.1 million, from at least 945 investors, for the purchase of silver.”
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