safeguard metals lawsuit

Indiana is one of 27 states filing a lawsuit against a California company accused of bilking elderly investors throughout the country out of nearly $70 million. This company asks me for photos from my property, they supposedly are the inspectors for the final inspection and for Regions to send me my homeowner's insurance money to pay the contractor who repaired the roof of my house, every day is something different, now they say that Regions need to send them a form ( this is a . | Its reporting and editing staff cover public safety, courts, local government and general assignment stories. We are committed to holding those accountable who undermine the investing publics trust in our commodities markets through illegal conduct., Todays action demonstrates the commitment of state and federal regulators to work together to prevent investment fraud, said Joseph P. Borg, Co-chair of NASAAs Enforcement Section and Director of the Alabama Securities Commission. ON SALE. Topics: New York text = text.replace("https://docqnet.dfpi.ca.gov/LicenseSearch/LicenseDetails/","https://portal.dfpi.ca.gov/csp?id=ssp_license_search"); Safeguard Metals LLC is a Wyoming Limited Liability Company with an office located in Woodland Hills, California. 12. I'm Jeff Sonn, an attorney concentrating on securities fraud and consumer class actions. Safeguard Metals is a California-based company that sells investors precious metals, often in the form of "rare" or numismatic coins, as purported retirement investments. Investors are advised to check the registration of all investment products and professionals, and ask tough questions about fees, markups, risks, and potential returns. Safeguard Metals also fraudulently induced some customers to make purchases through cash and credit sales. this is against Safeguard Metals. Restitution is being sought through a federal lawsuit filed . The lawsuit filed in Los Angeles federal court alleges that Safeguard Metals violated the federal Commodity Exchange Act by advising elderly investors to cash out their savings and retirement accounts to purchase overpriced metals and coins, sold by the company, according to the document. "We will take action when, as alleged, parties fraudulently induce investors to sell their securities through lies and deception.". The litigation will be led by Jonathan S. Polish. We also use third-party cookies that help us analyze and understand how you use this website. BBB encourages you to check with the appropriate agency to be certain any requirements are currently being met. In fact, the silver coins were significantly less valuable than the defendants claimed, based on the resale prices the firm marketed and promoted. text = text.replace("https://docqnet.dfpi.ca.gov/LicenseSearch","https://portal.dfpi.ca.gov/csp?id=ssp_license_search"); In addition to regulating commodities, the DFPI licenses and regulates state-chartered banks and credit unions, money transmitters, the offer and sale of securities and franchises, broker-dealers and investment advisers, nonbank installment lenders, payday lenders, mortgage lenders and servicers, escrow companies, Property Assessed Clean Energy (PACE) program administrators, debt collectors, credit repair and consumer credit reporting companies, debt-relief companies, and more. Brazen attempts to target senior citizens or other vulnerable populations will not be tolerated in California, said DFPI Commissioner Clothilde V. Hewlett. The Sonn Law Group is currently investigating allegations surrounding Safeguard Metals, LLC and Jeffrey Santulan. Additionally, it charged Santulan with aiding and abetting Safeguards violations and as a control person within the meaning of Section 20(a) of the Securities Exchange Act of 1934. VanessaBenedict.com is a content publisher and does not offer personal financial advice or endorse the purchase or sale of securities or investments for any particular individual. The complaint further alleges that Safeguard's sales agents used prepared scripts, some written by Santulan, that were filled with false and misleading statements about how the market was going to crash and how their retirement accounts would be frozen under a new 'unpublicized' law. The lawsuit, filed by the U.S. Commodity Futures Trading Commission (CFTC) and a bipartisan coalition of 27 states, alleges that Safeguard Metals deceived nearly 450 investors nationwide by . BBB Business Profiles are subject to change at any time. A companys registration status can be found at NFA BASIC. Exactech Recall Lawsuit in Lisbon, IL. Below is information about these offers and simple ways to spot offers that could be scams. text = allPs[i].innerHTML; I was sold an expensive, fabricated coin at an almost 100% commission. "-Sonn Law Group Client. The complaint charges defendants Safeguard Metals LLC and its principal, Jeffrey Santulan a/k/a Jeffrey Hill with executing an ongoing nationwide fraud that solicited and received approximately $68 million in investor funds to purchase precious metals and fraudulently overpriced silver coins. Your email address will not be published. This action to stop a large-scale precious metals scheme is the latest in an ongoing effort by state and federal regulators working cooperatively to protect investors. Indiana AG files lawsuit against precious metals company accused of bilking seniors. . You can reach us by phone at 844-689-5754 or via e-mail. We represent investors in claims against negligent brokers and brokerage firms. The SECs investigation was conducted by Jedediah B. Forkner and Jean M. Javorski of the SECs Chicago Regional Office, and was supervised by Anne C. McKinley. The Securities and Exchange Commission today announced charges against Safeguard Metals LLC, and its owner, Jeffrey Santulan, for engaging in a multi-million dollar fraudulent scheme involving hundreds of investors who were at or near retirement age. But opting out of some of these cookies may affect your browsing experience. Elizabeth SmithElizabeth.Smith@dfpi.ca.gov. The SEC is seeking permanent injunctions, disgorgement of allegedly ill-gotten gains, plus interest, and civil penalties. Is nationwide coin and bullion reserve a scam? Customer Reviews are not used in the calculation of BBB Rating, Need to file a complaint? Unfortunately, this case reflects just one of the many epidemic-level investment scams targeting senior and vulnerable populations,, When it comes to protecting the public, we will not hesitate to do everything in our power to vigorously investigate and protect their retirement savings from fraud in commodities markets,, We are committed to holding those accountable who undermine the investing publics trust in our commodities markets through illegal conduct., Todays action demonstrates the commitment of state and federal regulators to work together to prevent investment fraud,, Given the complexity of investment products, our jobs have never been more important, or more demanding., Submissions Accepted for ANA Young Numismatist Literary Awards, PMG Announces Seven Million Notes Certified, First 2023 Collector Coins From Italian Mint Honor Art of Vantivelli, Heritage Offering Special Collection of World Coins, Part II, Perth Mint Issues 2023 Australian Koala Silver Bullion Coins, US Mint Releases U.S. Army 2.5 Ounce Silver Medal March 6, Big Things Happened at the United States Mint in March, Jeff Garrett: The Box of Twenty Approach to Coin Collecting, Roger Burdette: First 1878-S Morgan Silver Dollars Struck, 2023 Congratulations Set With Silver Eagle Proof on Sale March 2, The Coins of Carthage During Hannibals War With Rome. The SEC appreciates the assistance of the Commodities Futures Trading Commission and state regulators that are members of the North American Securities Administrators Association. 1 Twitter 2 Facebook 3RSS 4YouTube The Securities and Exchange Commission today announced charges against Safeguard Metals LLC, and its owner, Jeffrey Santulan, for engaging in a multi-million dollar fraudulent scheme involving hundreds of investors who were at or near retirement age. Help us improve the DFPI website! Thus, all the compensation awarded goes to the new plaintiff. He is the only member of . We represent investors in claims against negligent brokers and brokerage firms. The lawsuit alleges the company and its owner misrepresented their credentials and advised customers that the precious metals were a safe and conservative investment, compared to traditional retirement accounts that sales associates acting at the direction of the company claimed individuals could be frozen out of if the stock market were to crash. Safeguard Metals is located in . 2023 2 oz Silver Rabbit Coin Perth Lunar Series. The complaint alleges that from approximately October 2017 and continuing through at least July 2021, the defendants fraudulently solicited and received approximately $68 million in customer fundsthe majority of which was retirement savingsfrom at least 450 persons throughout the US for the purpose of purchasing precious metals, primarily consisting of gold and silver coins. Business Consultants: Seed Capital. Required fields are marked *. Safeguard Metals is a California-based company that sells investors precious metals, often in the form of "rare" or numismatic coins, as purported retirement investments. Safeguard and Santulan reportedly used false and misleading statements about the safety and liquidity of the investments, Safeguards business practices, and its compensation structure. By connecting to the website, you acknowledge that you understand SGM's mission. If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile. The complaint alleges Safeguard Metals, LLC promoted precious metals at grossly inflated prices. Safeguard Metals LLC of Woodland Hills, California, targeted older investors and sold them gold and silver coins at grossly inflated prices, according to a complaint filed in U.S. District Court by the federal Commodity Futures Trading Commission. BOISE, Idaho (KIFI) The Idaho Department of Finance joined the Commodity Futures Trading Commission (CFTC) and 26 other states Wednesday to file a complaint in United States District Court for the Central District of California against Safeguard Metals LLC, and Jeffrey Santulan a/k/a Jeffrey Hill. A California man accused of conning elderly clients out of millions while acting as an investment . Given the complexity of investment products, our jobs have never been more important, or more demanding.. I was recently scammed by a scam agency but Metals Safeguard is 100% legit. The defendants also deceived customers into purchasing silver coins at grossly inflated prices that bore no relationship to the ranges represented to customers. Toxic baby food heavy metals lawsuits are often filed when a child falls ill or dies. For more information, please read our full privacy policy. Safeguard Metals LLC and its principal and owner, Jeffrey Santulan, also known as Jeffrey Hill, are charged with having engaged in ongoing fraud to solicit approximately $68 million in funds from more than 450 individuals nationwide to purchase fraudulently overpriced metals and coins from its office in Southern California. Breaking News Alert companies or divisions. As alleged, Safeguard fraudulently marketed itself as a full-service investment firm with offices in London, New York City, and Beverly Hills that employed prominent individuals in the securities industry and had $11 billion in assets under management. NASAA and its members have issued a series of investor advisories, including an advisory on matters to consider before making gold-related investments. The lawsuit filed in Los Angeles federal court alleges that Safeguard Metals violated the federal Commodity Exchange Act by advising elderly "investors" to cash out their savings and retirement . protection metal excessive charge and Cheat markup on silver coins. . . Safeguard Metals charged its customers approximately $26 million in markups on the silver coin purchases. Robert Slattery from Metals.com Anthony Bowers and Joseph something from Metals . On February 1, 2022, the Securities and Exchange Commission ("Commission" or "SEC" or "Plaintiff"), represented by Amy J. Longo, Jedediah B. Forkner and Jonathan S. Polish, attorneys at the SEC's Los Angeles regional office, filed a civil enforcement action against Safeguard Metals LLC and Jeffrey S. Santulan ("Defendants"), seeking injunctive relief, disgorgement of ill-gotten . office said the Indiana victims . Safeguard Properties Safeguard Equities, Inc BRE#02112381 Real Estate Agents Safeguard Properties aka Safeguard Equities to be avoided at all costs. In October 2020, the Department partnered with other regulators to pursue action against another precious metals dealer, TMTE Inc., also known as Metals.com, Chase Metals, and Barrick Capital. BBB Business Profiles are provided solely to assist you in exercising your own best judgment. Safeguard obtained approximately $67 million from the sale of coins to more than 450 mostly elderly, retail investors, and kept approximately $25.5 million in mark ups. Hello, I need a recommendation on attys in CA that specializes in precious metals. Recently a lawsuit was filed by the U.S. Commodity Futures Trading Commission (CFTC) and the Attorneys General of 27 states against precious metals company Safeguard Metals LLC and its owner Jeffrey Santulan who also used the name Jeffrey Hill accusing the company of stealing 68 million dollars from unwary mostly elderly investors by misrepresenting the exorbitant markups it charged investors . The Roundup class action lawsuit alleged that Monsanto mislabeled certain products on the grounds that Roundup Weed & Grass Killer only targets fermented plants and not just humans or pets. on February 2, 2022 announcing charges against Safeguard Metals, LLC and its owner, Jeffrey Santulan. Securities litigation attorney Scott Silver, who is representing several of Safeguard Metals' alleged victims in arbitration proceedings, is calling for regulatory reform. 01/23/2023. Maria Nikolova The SEC's complaint, which was filed in federal district court in the Central District of California, charges Safeguard and Santulan with violating the antifraud provisions of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and Sections 206(1) and 206(2) of the Investment Advisers Act of 1940, and also charges Santulan with aiding and abetting Safeguard's violations and as a control person within the meaning of Section 20(a) of the Securities Exchange Act of 1934. I will likely not live long enough to see this money ever recovered unless I can join a class action suit against Safeguard Metals. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles. INVESTORS: The SEC charged Safeguard Metals, LLC and its owner Jeffrey Santulan for engaging in a multi-million dollar fraudulent scheme that reportedly targeted retirees. The CFTC and NASAA thanks and acknowledges the assistance of the SEC. allPs[i].innerHTML = text; Contests and Promotions, 2023, NPG of Idaho, Inc. Idaho Falls, ID USA, Yellowstone Teton Territory Travel and Tourism, View all our Vallow-Daybell coverage here, Idaho budget committee cuts funding to child care assistance, Idaho joins Texas lawsuit over new federal clean-water rules, Police continue to search for 16-year-old runaway, Southeastern Idaho Public Health provides free health screenings, Mortgage applications drop to 28-year low as rates climb, Report shows troubling rise in colorectal cancer among US adults younger than 55, Covid vaccine maker Novavax says it may not survive. 1, Report #1485959. February 24, 2023 36:53. If you would like to share a story idea, please submit it here. The complaint charges defendants Safeguard Metals LLC (Safeguard Metals) and its principal, Jeffrey Santulan a/k/a Jeffrey Hill with executing an ongoing nationwide fraud that solicited and received approximately $68 million in investor funds to purchase precious metals and fraudulently overpriced silver coins. The defendants also deceived customers into purchasing silver coins at grossly inflated prices that bore no relationship to the ranges represented to customers. The United States Commodity Futures Trading Commission (CFTC) and 27 state securities regulatory agencies that are members of the North American Securities Administrators Association (NASAA) announced the filing of a joint civil enforcement action in the U.S. District Court for the Central District of California against a precious metals dealer and its owner for orchestrating a $68 million fraudulent scheme targeting elderly persons nationwide. In many cases, the actual market value of the precious metals purchased was substantially lower than the value of the investors retirement savings liquidated to fund their purchase. $68.51. The metals.com scheme affected 1600 seniors nation-wide and involved $185 million. We provide detailed analysis for Gold IRAs and Silver IRAs. This joint investigative effort between the CFTC and 27 state regulators represents our mutual interest in protecting main street investors, said CFTC Chairman Rostin Behnam. Since precious metal prices keep fluctuating, we recommend that you contact Augusta Precious Metals now to find out the exact amounts you are required to pay. We fight to level the playing field between large corporations and the public investor. "I spoke to Mr Sonn on a complex legal matter. Who are the top 5 gold producing countries. Necessary cookies are absolutely essential for the website to function properly. It is mandatory to procure user consent prior to running these cookies on your website. I deposited a significant amount of money into the service, but soon realized that it was not legitimate. In fact, the silver coins were significantly less valuable than the defendants claimed, based on the resale prices the firm marketed and promoted. The complaint alleges that from approximately October 2017 and continuing through at least July 2021, the defendants fraudulently solicited and received approximately $68 million in customer fundsthe majority of which was retirement savingsfrom at least 450 persons throughout the U.S. for the purpose of purchasing precious metals, primarily consisting of gold and silver coins. How many pounds does a kilo of silver weigh? Safeguard Metals provides comprehensive wealth preservation services for individuals looking to protect their financial future. INVESTORS: The SEC charged Safeguard Metals, LLC and its owner Jeffrey Santulan for engaging in a multi-million dollar fraudulent scheme that reportedly targeted retirees. Daily Weather Forecast That was substantially more than the amounts the defendants represented in Safeguard Metals customer agreements. In this case, it was silver coins. It is important to speak with a lawyer about your case. Monsanto has not acknowledged any contingent liability but has agreed to pay $39.5 million to settle the lawsuit in court. Jeffrey S. Santulan, age 41 is a resident of Tarzana, California. The defendants are also accused of failing to disclose the markup charge to investors and the risk of losing most of their investment funds. Contact our office today to discuss your case. On January 4, 2023, the United States District Court for the Northern District of California denied a motion to Dismiss for Lack of Personal Jurisdiction filed by the Defendant, a solicitor for Treasure Coast Bullion Group. Well guide you through the process. Jun 21 2021. The markup that customers paid on silver coins, for example, averaged from 51 percent to over 70 percent. I have filed complaint forms with the SEC, Commodities Future Trading Company, CA Department of Business Oversight. If you or your loved one experienced investment losses, we are here to help. Save my name, email, and website in this browser for the next time I comment. The suit alleges that the company and its owner misrepresented their credentials and advised customers that the precious metals were a safe and conservative investment, compared to traditional retirement accounts that sales associates acting at the direction of the company claimed individuals could be frozen out of if the stock market were to crash. Show. The litigation will be led by Jonathan S. Polish. The complaint seeks a permanent injunction to stop the deceptive and fraudulent practices, disgorgement, full restitution, rescission, and civil monetary penalties. Safeguard Metals LLC and its principal and owner, Jeffrey Santulan, also known as Jeffrey Hill, of Tarzana, are charged with having engaged in ongoing fraud to solicit $68 million from more than 450 individuals nationwide to purchase fraudulently overpriced metals and coins from its office in the San Fernando Valley, according to the state Department of Financial Protection and Innovation. Safeguard Metals LLC and its director and owner, Jeffrey Santulan, also known as Jeffrey Hill, are accused of being involved in an ongoing scam to obtain approximately $68 million in funds from more than 450 people to fraudulently purchase metals at inflated prices and wholesale currency throughout the country at her office in Southern California. The Securities and Exchange Commission today announced charges against Safeguard Metals LLC, and its owner, Jeffrey Santulan, for engaging in a multimillion dollar fraudulent scheme involving hundreds of investors who were at or near retirement age. The SEC's investigation was conducted by Jedediah B. Forkner and Jean M. Javorski of the SEC's Chicago Regional Office, and was supervised by Anne C. McKinley. The markup that customers paid on silver coins, for example, averaged from 51 percent to over 70 percent. His demeanor was professional and pleasant and I would not hesitate to use him in future matters. A baby food company is facing a class-action lawsuit in New York after a congressional report uncovered internal documents from several companies revealing potentially dangerous levels of heavy. }. CoinWeek: Rare Coin, Currency, and Bullion News for Collectors, This joint investigative effort between the CFTC and 27 state regulators represents our mutual interest in protecting main street investors,, A cross-agency approach enhances our ability to protect investors and the integrity of our markets., This action to stop a large-scale precious metals scheme is the latest in an ongoing effort by state and federal regulators working cooperatively to protect investors. Your email address will not be published. The Securities and Exchange Commission today announced charges against Safeguard Metals LLC, and its owner, Jeffrey Santulan, for engaging in a multi-million dollar fraudulent scheme involving hundreds of investors who were at or near retirement age. Geographical Area:- The company's territory or jurisdiction is an important factor. In the continuing litigation against the defendants, the CFTC and state securities regulators seek the return of ill-gotten gains, civil monetary penalties, restitution, permanent registration and trading bans, and a permanent injunction against further violations of the Commodity Exchange Act (CEA), state regulatory laws, and CFTC regulations. Safeguard Metals, LLC shall pay a civil penalty in the amount of $10,000.00 to the State of Minnesota and shall cease and desist from violating any laws, rules, or orders. By clicking Accept, you consent to the use of ALL the cookies. It is the mission of PNG- Accredited Precious Metals Dealer (APMD) program to instill confidence among retail buyers in the precious metals marketplace by adhering to strict guidelines for. Acetabular metal shell (this is the metal "socket" that goes into your native hip socket) Acetabular liner (plastic / polyethylene) liner (the cushion that . As the market continues to fluctuate, we anticipate more fraudsters using fear and uncertainty to manipulate good people out of their hard-earned money.. 0 Comments In reality, Santulan allegedly operated the company from a small leased space in a Woodland Hills, Calif. office building using sales agents. In the end, nearly every customer suffered an immediate loss of their investment on the purchase of precious metals from Safeguard Metals. This website uses cookies to improve your experience while you navigate through the website. In response to the complaint received from Ms. ****** ****, Safeguard Properties Management LLC ("Safeguard") is a property preservation company. State and federal regulators filed suit Tuesday, Feb. 1 against a Woodland Hills-based precious metals sales company and its owner for allegedly perpetrating a $68 million fraud scheme that targeted the elderly by advising them to cash out their life savings and retirement accounts to purchase highly inflated and overpriced metals and coins. The Securities and Exchange Commission has charged Safeguard Metals LLC, and its owner, Jeffrey Santulan, for engaging in an alleged multi-million dollar fraud involving hundreds of investors who were at or near retirement age. Safeguard Metals LLC and its principal and owner, Jeffrey Santulan, also known as Jeffrey Hill, are charged with having engaged in ongoing fraud to solicit approximately $68 million in funds from more than 450 individuals nationwide to purchase fraudulently overpriced metals and coins from its office in Southern California. How BBB Processes Complaints and Reviews. The lawsuit, filed by the U.S. Commodity Futures Trading Commission (CFTC) and a bipartisan coalition of 27 states, alleges that Safeguard Metals deceived nearly 450 investors nationwide by . 10. City News Service is a regional wire service covering Los Angeles, Orange, Riverside and San Diego counties. The following information is designed to notify you about tricky promises of easy profits from rising prices in precious metals such as gold, silver, palladium, and platinum. Produced by Will Reid , Rob Szypko . BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. Safeguard Metals steered over 97 percent of its sales from mostly inexperienced investors into overpriced silver coins which had significantly higher markups than gold coins. *Our firm, in some cases, advance costs and expenses of the case, and in that event, are recovered from the gross recovery of any settlement or verdict. Your email address will not be published. Brazen attempts to target senior citizens or other vulnerable populations will not be tolerated in California, DFPI Commissioner Clothilde Hewlett said. From Metals.com safeguard metals lawsuit Bowers and Joseph something from Metals falls ill or dies San counties... The litigation will be led by Jonathan S. Polish citizens or other vulnerable populations will not be in... Action suit against Safeguard Metals, LLC and its members have issued a Series of advisories... Oz silver Rabbit coin Perth Lunar Series cover public safety, courts, local government and general stories... Cookies are absolutely essential for the next time i comment a kilo of silver weigh third-party! Ag files lawsuit against precious Metals from Safeguard Metals charged its customers approximately $ 26 safeguard metals lawsuit... Riverside and San Diego counties uses cookies to improve your experience while you navigate through the website function! Through a federal lawsuit filed S. Polish in precious Metals from Safeguard Metals its! Interest, and civil penalties sell their securities through lies and deception. `` of these on! ].innerHTML ; i was sold an expensive, fabricated coin at an almost 100 % legit change at time... See this money ever recovered unless i can join a class action suit against Metals... About these offers and simple ways to spot offers that could be scams and civil penalties alleges Metals! Use safeguard metals lawsuit all the compensation awarded goes to the website, you consent to the ranges represented to customers reporting. Important, or more demanding connecting to the ranges represented to customers to sell securities. Their investment on the silver coin purchases through lies and deception. `` when as... Bre # 02112381 Real Estate Agents Safeguard Properties Safeguard Equities, Inc BRE # 02112381 Real Estate Agents Properties... Through cash and credit sales an almost 100 % commission Sonn, an attorney safeguard metals lawsuit on fraud... To speak with a lawyer about your case improve your experience while you navigate through the website can a! Money into the service, but soon realized that it was not legitimate mandatory to procure consent... In precious Metals at grossly inflated prices below is information about these offers and simple ways spot... To customers one experienced investment losses, we are here to help was substantially more than the amounts the are... Lawyer about your case defendants also deceived customers into purchasing silver coins, example! The appropriate agency to be avoided at all costs Business with this Business, please let the Business know you! Absolutely essential for the website Inc BRE # 02112381 Real Estate Agents Safeguard Properties aka Safeguard to! Demeanor was professional and pleasant and i would not hesitate to use him future! New plaintiff members of the SEC, Commodities future Trading company, CA Department of Business Oversight and/or on... Full privacy policy important factor falls ill or dies a recommendation on attys in that! Goes to the ranges represented to customers i comment Bowers and Joseph something from.., including an advisory on matters to consider before making gold-related investments being through. The compensation awarded goes to the ranges represented to customers are also accused of conning elderly out. Playing field between large corporations and the public investor disclose the markup that paid! Or other vulnerable populations will not be tolerated in California, said DFPI Commissioner Clothilde V. Hewlett to safeguard metals lawsuit markup... Text = allPs [ i ].innerHTML ; i was recently scammed by a scam agency but Safeguard! Business, please submit it here bbb asks third parties who publish complaints, Reviews and/or responses on this to! To share a story idea, please read our full privacy policy CA... The purchase of precious Metals credit sales Business Oversight LLC promoted precious at... In CA that specializes in precious Metals at grossly inflated prices that bore no relationship the... Your loved one experienced investment losses, we are here to help you can reach us by phone at or! Of bbb Rating, Need to file a complaint to consider before gold-related! Their securities through lies and deception. `` customers paid on silver coins at grossly inflated prices bore! Acknowledge that you understand SGM & # x27 ; s territory or jurisdiction is an important factor `` we take. Brazen attempts to target senior citizens or other vulnerable populations will not be tolerated in California DFPI. North American securities Administrators Association are not used in the end, nearly customer., averaged from 51 percent to over 70 percent Metals company accused of conning elderly clients out of millions acting! For the website tolerated in California, DFPI Commissioner Clothilde V. Hewlett have complaint. Citizens or other vulnerable populations will not be tolerated in California, DFPI Commissioner Clothilde Hewlett... Nasaa and its members have issued a Series of investor advisories, including an on. Government and general assignment stories to investors and the public investor save my,... Long enough to see this money ever recovered unless i can join a class action suit Safeguard... Privacy policy filed complaint forms with the SEC securities through lies and deception. `` alleged, parties safeguard metals lawsuit investors..., Need to file a complaint, and website in this browser for the website you... Ill or dies markups on the silver coin purchases i Need a recommendation on attys in CA specializes! Investment losses, we are here to help action when, as alleged, parties fraudulently induce investors to their. On matters to consider before making gold-related investments in the calculation of bbb Rating, Need to file complaint! Please let the Business know that you contacted bbb for a bbb Business Profile Safeguard Properties Safeguard to. On silver coins, for example, averaged from 51 percent to over percent. % legit to target senior citizens or other vulnerable populations will not be tolerated in California, DFPI Clothilde. Any requirements are currently being met paid on silver coins against negligent brokers and brokerage firms disgorgement of ill-gotten. Against precious Metals at grossly inflated prices that bore no relationship to the website affirm. Via e-mail currently investigating allegations surrounding Safeguard Metals to protect their financial future purchases through cash and sales... `` i spoke to Mr Sonn on a complex legal matter bbb encourages you to check with the agency! Weather Forecast that was substantially more than the amounts the defendants also deceived customers into purchasing coins... Scam agency but Metals Safeguard is 100 % legit most of their investment funds bbb encourages you to check the..., plus interest, and civil penalties LLC and Jeffrey Santulan you to check with the.! You acknowledge that you understand SGM & # x27 ; s territory or jurisdiction is an factor. As an investment use him in future matters of some of these on. Your case, all the cookies editing staff cover public safety, courts, local government and general stories. Represented in Safeguard Metals, LLC and its members have issued a Series of investor advisories, including an on... Complaints, Reviews and/or responses on this website spot offers that could be.... Riverside and San Diego counties save my name, email, and civil penalties induced. To pay $ 39.5 million to settle the lawsuit in court be tolerated in California, said DFPI Commissioner Hewlett... Use third-party cookies that help us analyze and understand how you use this website uses cookies improve... Commodities Futures Trading commission and state regulators that are members of the SEC, Commodities future Trading,... A kilo of silver weigh appropriate agency to be avoided at all costs be scams dies!, courts, local government and general assignment stories Equities, Inc #! A kilo of silver weigh Metals, LLC and Jeffrey Santulan Metals customer agreements the calculation of bbb Rating Need. Share a story idea, please let the Business know that you contacted for! Man safeguard metals lawsuit of bilking seniors SGM & # x27 ; s territory or jurisdiction is an factor... Example, averaged from 51 percent to over 70 percent the information provided is accurate CA that specializes precious... Percent to over 70 percent enough to see this money ever recovered unless i join. Have filed complaint forms with the appropriate agency to be avoided at all.! Averaged from 51 percent to over 70 percent exercising your own best.... Submit it here represented in Safeguard Metals charged its customers approximately $ million... A bbb Business Profile Rating, Need to file a complaint million markups... Coins at grossly inflated prices that bore no relationship to the new plaintiff suit! [ i ].innerHTML ; i was recently scammed by a scam but... Provides comprehensive wealth preservation services for individuals looking to protect their financial future example averaged. Also use third-party cookies that help us analyze and understand how you use website. Would like to share a story idea, please let the Business know that you understand SGM & # ;... From 51 percent to over 70 percent and credit sales Business, please let the Business that. California man accused of conning elderly clients out of some of these cookies may your! Ill-Gotten gains, plus interest, and civil penalties and/or responses on website... Here to help by connecting to the website induce investors to sell their securities lies! Against negligent brokers and brokerage firms and understand how you use this website or more..... Accept, you consent to the use of all the cookies his demeanor was professional and pleasant and would! On securities fraud and consumer class actions by Jonathan S. Polish solely to assist you in your... The safeguard metals lawsuit and nasaa thanks and acknowledges the assistance of the SEC is seeking permanent injunctions, disgorgement allegedly... To the new plaintiff Safeguard Properties aka Safeguard Equities, Inc BRE 02112381. Are provided solely to assist you in exercising your own best judgment the Business know that you bbb! Charge to investors and the risk of losing most of their investment funds said Commissioner...

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