Beaumont "gold dealer" accused of stealing hundreds of thousands of dollars

Look at that mugshot

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Even as the Beaumont-based, 33-year-old precious metals merchant faced felony theft indictments for stealing nearly a quarter-million dollars in payments for gold and silver, the pecuniary profiteer’s pilfering proliferated – to the tune of hundreds of thousands more, patrons say. Customers confirmed to The Examiner the coin “con man’s” deceptive dealings have continued despite indictments, an arrest and court appearances.

According to a confluence of complaints posed to The Examiner from across the nation, Beaumont police and the Texas Attorney General’s Office, Gold Pro LLC CEO Michael James White sold investors gold and silver – sometimes worth hundreds of thousands of dollars – without shipping the promised products. Instead, customers-turned-complainants allege, White delivered a combination of excuses, silence and, in one case, some not-so-precious metal. That particular customer says the company sent him two 40-pound dumbbells, instead of the $90,000 in coins ordered. A few more customers reported that their precious metals were fakes or never came at all, while more still complained that their shipment was only sent after months of delays and eventual calls to authorities.

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Curious about the dumbell incident? It happened twice.

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Receipts reviewed by The Examiner reveal that, in his first purchase on March 21, 2021, Will paid $17,000 for a “U.S. Mint sealed Silver eagle monster box (500 oz)” and $9,575 for five “2021 Gold American Eagles.” His second purchase, made on March 25, 2021, shows Will bought another two “2021 Gold American Eagles” for $3,820. The third receipt chronologically shows that, on March 31, 2021, Will sent White another $17,000 for another “Silver Eagle monster box.” His fourth receipt shows where Will sent another $43,475 wire transfer to Gold Pro on April 6, 2021.

After repeated unanswered phone calls, Will opened a delivery from White on April 9, finding a 40-pound dumbbell in the package. White explained this by placing blame on an employee he fired, telling Will that day of his intention to file a police report against the former worker. Will opened another dumbbell April 12, 2021. He then called BPD to file charges.

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His website is still active, ironically with the title, "The Trusted Name In Precious Metals".

Apparently his reputation is so bad in SETX, when he moved the address for his store to Vidor, the mayor went to Facebook to call him out and warn her constituents.