Augusta Precious Metals Fees. Website visitors should be aware that investment markets involve inherent risks and past performance is no guarantee of future performance. If the answers seem too good to be true or dont make sense, protect your savings by just walking away.. 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. Monsanto has not acknowledged any contingent liability but has agreed to pay $39.5 million to settle the lawsuit in court. Summerlin, Nevada. 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. 01/23/2023. Whistleblowers are eligible to receive between 10% and 30% of the monetary sanctions collected paid from the Customer Protection Fund financed through monetary sanctions paid to the CFTC by violators of the CEA. The SECs complaint, which was filed in federal district court in Los Angeles, Calif., charges Safeguard and Santulan with violating the antifraud provisions of the federal securities laws. Com his name is Robert Slattery from Metals.com chase.com and he lives now in Seattle Washington and now he owns a real estate company first thing he said that they were huge supporters of Sean Hannity and . Exactech Recall Lawsuit in Lisbon, IL. Save my name, email, and website in this browser for the next time I comment. SGM does not provide trading advice. Well guide you through the process. A Year of War in Ukraine. 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 fraudulently soliciting nearly $68 million for precious metals and misrepresenting its exorbitant fees charged to investors. Contact me online or call anytime at 844-689-5754. In a simultaneous filing, the SEC commenced a suit against Safeguard Metals LLC and Jeffrey Santulan for violations arising from the fraudulent precious metals scheme and exorbitantly priced silver coins and for rendering unlawful investment advice. Is this your business? Safeguard Properties Safeguard Equities, Inc BRE#02112381 Real Estate Agents Safeguard Properties aka Safeguard Equities to be avoided at all costs. NASAA and its members have issued a series of investor advisories, including an advisory on matters to consider before making gold-related investments. CoinWeek does not buy or sell coins or numismatic material and No endorsement or affiliation to or from CoinWeek.com is made. This is one of many large-scale precious metals investment schemes weve endeavored to stop since the pandemic began. 0 Comments Jun 21 2021. Author: ED Magedson - Founder, Ripoff Report. 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 . 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. According to the SECs complaint, from December 2017 through at least July 2021, Safeguard and Santulan acted as investment advisers and persuaded investors to sell their existing securities, transfer the proceeds into self-directed Individual Retirement Accounts, and invest the proceeds into gold and silver coins by making false and misleading statements about the safety and liquidity of the investors securities investments, Safeguards business, and its compensation. Your email address will not be published. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. Civil cases usually involve secret disputes between individuals or organizations. Securities Arbitration Attorneys Our FINRA arbitration lawyers work with investors to recover losses caused by securities fraud, investment fraud, and other kinds of stockbroker misconduct. Safeguard Metals is located in . The CFTC also strongly urges the public to verify a companys registration with the CFTC before committing funds. We represent investors in claims against negligent brokers and brokerage firms. Elizabeth SmithElizabeth.Smith@dfpi.ca.gov. We fight to level the playing field between large corporations and the public investor. The Supreme Court is reviewing a legal shield that tech companies have long relied on to avoid liability for content on their platforms. The DFPI encourages consumers who have experienced unfair, unlawful, deceptive, and abusive practices from a financial service provider to file a complaint with the Department online: https://dfpi.ca.gov/file-a-complaint/. 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. In reality, Santulan allegedly operated the company from a small leased space in a Woodland Hills, Calif. office building using sales agents. "The federal securities laws prohibit deceptive conduct and material misrepresentations in the purchase or sale of securities," said Kathryn A. Pyszka, an Associate Director in the SECs Chicago Regional Office. 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. BBB reports on known marketplace practices. 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. In fact, the silver coins were significantly less valuable than the defendants claimed, based on the resale prices the firm marketed and promoted. The defendants also deceived customers into purchasing silver coins at grossly inflated prices that bore no relationship to the ranges represented to customers. Your email address will not be published. DEFENDANTS 11. 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 fraudulently soliciting nearly $68 million for precious metals and misrepresenting its exorbitant fees charged to investors. If you or your loved one experienced investment losses, we are here to help. Safeguard's website pitches the investments as a way to "hedge against uncontrolled government spending and dizzying money printing by the Federal Reserve." Please keep your comments respectful and relevant. Tempe, Arizona. Safeguard Metals is located in Woodland Hills, California, and Jeffrey Santulan resides in Tarzana, California. 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 fraudulently soliciting nearly $68 million for precious metals and misrepresenting its exorbitant fees charged to investors. 5, Report #1509255. 2023 DISCLAIMER: All content within CoinWeek.com is presented for informational purposes only, with no guarantee of accuracy. 06:39 PM. I deposited a significant amount of money into the service, but soon realized that it was not legitimate. That was substantially more than the amounts the defendants represented in Safeguard Metals customer agreements. 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 multimillion dollar fraudulent scheme involving hundreds of investors who were at or near retirement age. 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 . 1, Report #1485959. 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 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 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. Attorney General Todd Rokita today filed a lawsuit with 26 other states and a federal agency against Safeguard Metals, a business that schemed to trick Securities litigation attorney Scott Silver, who is representing several of Safeguard Metals' alleged victims in arbitration proceedings, is calling for regulatory reform. Learn how your comment data is processed. Its reporting and editing staff cover public safety, courts, local government and general assignment stories. Is Nationwide Gold and Bullion Reserve legitimate? For more information, please read our full privacy policy. According to the SEC's complaint, from December 2017 through at least July 2021, Safeguard and Santulan acted as investment advisers and persuaded investors to sell their existing securities, transfer the proceeds into self-directed Individual Retirement Accounts, and invest the proceeds into gold and silver coins by making false and misleading statements about the safety and liquidity of the investors' securities investments, Safeguard's business, and its compensation. It is important to speak with a lawyer about your case. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. As a matter of policy, BBB does not endorse any product, service or business. The CFTC and NASAA thanks and acknowledges the assistance of the SEC. 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. 04:23 PM. Restitution is being sought through a federal lawsuit filed . Show. 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. 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. After January 2021, the defendants represented . Safeguard and Santulan reportedly used false and misleading statements about the safety and liquidity of the investments, Safeguards business practices, and its compensation structure. Safeguard Metals charged its customers approximately $26 million in markups on the silver coin purchases. California man accused of using gold, metal and uncertainty to scam $68M from elderly investors. The following NASAA state regulatory agencies are CFTCs co-plaintiffs in todays action and the CFTC thanks them for their cooperation: Alabama Securities Commission; Arizona Corporation Commission; Arkansas Securities Department; California Department of Financial Protection & Innovation; State of Connecticut Department of Banking; State of Florida, Office of Financial Regulation; State of Hawaii, Department of Commerce and Consumer Affairs; Idaho Department of Finance; Office of the Secretary of State, Illinois Securities Department; Indiana Securities Division; Kentucky Department of Financial Institutions; State of Maryland Ex Rel the Maryland Securities Commissioner; Attorney General Dana Nessel on Behalf of the People of the State of Michigan; Mississippi Secretary of State; Missouri Commissioner of Securities; Nebraska Department of Banking & Finance; New Mexico Securities Division; The People of the State of New York by Letitia James, Attorney General of the State of New York; North Carolina Department of the Secretary of State; Oklahoma Department of Securities; Oregon Department of Business and Consumer Services; South Carolina Attorney General; South Dakota Department of Labor & Regulation; Commissioner of the Tennessee Securities Department of Commerce and Insurance; Vermont Department of Financial Regulation; Washington State Department of Financial Institutions; and the State of Wisconsin. What is Liberty National doing to avoid lawsuits? Given the complexity of investment products, our jobs have never been more important, or more demanding.. FNG Forex, CFD and Crypto trading industry news, NFA imposes total fines of $350,000 on GMG Brokers, two employees, Interactive Brokers registers 15% Y/Y drop in DARTs in Feb 2023, Institutional FX trading continues strong start to 2023, Feb volumes +1.4%, Public.com makes Treasury Accounts available to all Public members, Court slams DOJ for intervention in Deutsche Bank lawsuit, Energy broker Lee Tippett charged with paying kickbacks and misappropriating nonpublic information, CFTC issues OTC Forex trading warning amid rising fraud complaints, Vantage Markets appoints Jack Kelly as new Head of Sales for Australia, Court stays discovery in CFTC case against EminiFX, OANDA hires Cboe lawyer Lisa Shemie as General Counsel, Capital.com confirms OvalX clients acquisition, hires ex IG exec Niamh Byrne. The defendants also deceived customers into purchasing silver coins at grossly inflated prices that bore no relationship to the ranges represented to customers. Division of Consumer Financial Protection, Division of Corporations and Financial Institutions, Licensee & Financial Service Provider Search, Actions, Order and Administrative Hearing Decisions, Central Locations for Service of Legal Process, Office of Financial Technology Innovation, Financial Services and Mortgage Lending Licensees Search, Licensees and Industries Regulated by the DFPI, Actions, Orders and Administrative Hearing Decisions. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. 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 fraudulently soliciting nearly $68 million for precious metals and misrepresenting its exorbitant fees charged to investors. In fact, the silver coins were significantly less valuable than the defendants claimed, based on the resale prices the firm marketed and promoted. The Sonn Law Group is currently investigating allegations surrounding Safeguard Metals, LLC and Jeffrey Santulan. 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. 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. 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. I thought I was buying silver at spot plus a 12% commission. The Sonn Law Group is currently investigating allegations surrounding Safeguard Metals, LLC and Jeffrey Santulan. 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 . In a simultaneous filing, the SEC commenced a suit against Safeguard Metals LLC and Jeffrey Santulan for violations arising from the fraudulent precious metals scheme and exorbitantly priced silver coins and for rendering unlawful investment advice. I was sold an expensive, fabricated coin at an almost 100% commission. text = text.replace("https://docqnet.dfpi.ca.gov/licensesearch/","https://portal.dfpi.ca.gov/csp?id=ssp_license_search"); 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. 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. Feb. 23, 2023. 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. CRD & IARD Resources. Contact Us Now For a Free Consultation $25 MILLION Recovery Against National Brokerage Firm $9.1 MILLION FINRA Arbitration Award Against Brokerage Firm February 24, 2023 36:53. The lawsuit alleges Metals.com and its parent company TMTE defrauded $185 million from at least 1,600 investors and most are elderly$140 million of the allegedly defrauded money came from. 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. 6LinkedIn 8 Email Updates. Today roughly half of all U.S. households rely on the securities markets to plan and prepare for their . February 1, 2022. I'm Jeff Sonn, an attorney concentrating on securities fraud and consumer class actions. Acetabular metal shell (this is the metal "socket" that goes into your native hip socket) Acetabular liner (plastic / polyethylene) liner (the cushion that . My broker is in Woodland Hills, CA 91367. 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. 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. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. 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. Share your feedback. Safeguard works at the direction . If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile. NE Atlanta, GA 30326 *by appointment only. Safeguard Metals continued charging customers a markup on Silver Coins that still exceeded the maximum possible markup disclosed to customers by nearly 10% on average. Attorney General Todd Rokita today filed a lawsuit with 26 other states and a federal agency against Safeguard Metals, a business that schemed to trick elderly victims into investing in wildly overvalued precious metals. The lawsuit alleges that Safeguard Metals, LLC and Jeffery Santulan, aka Jeffery Hill, solicited investors by targeting seniors through social media platforms and websites linked to media personalities and financial gurus, also touting precious metals at grossly inflated prices that were not disclosed. Safeguard and Santulan also allegedly misled investors about Safeguard's commissions and markups on the coins, charging average markups of approximately 64% on its sales of silver coins, instead of the 4% to 33% markups that they disclosed to investors. The complaint alleges defendants operated a fraudulent precious metals investment scheme attracting more than 450 investors and $68 million nation-wide. Safeguard Metals provides comprehensive wealth preservation services for individuals looking to protect their financial future. Is nationwide coin and bullion reserve a scam? 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. 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. The metals.com scheme affected 1600 seniors nation-wide and involved $185 million. According to the complaint, 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. Has agreed to pay $ 39.5 million to settle the lawsuit in...., and website in this browser for the next time i comment the most relevant experience by your... Email, and website in this browser for the next time i comment is being sought through federal. Agreed to pay $ 39.5 million to settle the lawsuit in court avoid liability content. To scam $ 68M from elderly investors and the public to verify a companys registration the., courts, local government and general assignment stories in reality, Santulan allegedly operated the company from a leased... Fraud and consumer class actions, but soon realized that it was not.! Claims against negligent brokers and brokerage firms securities fraud and consumer class.. Cookies that help us analyze and understand how you use this website disputes... Into purchasing silver coins at grossly inflated prices that bore no relationship to the represented! Is presented for informational purposes only, with no guarantee of accuracy reach us by phone at 844-689-5754 or e-mail..., California it was not legitimate that you contacted BBB for a BBB business Profile BBB. Coin purchases you choose to do business with this business, please read our full privacy policy Equities to true! We represent investors in claims against negligent brokers and brokerage firms, and Santulan... For their money into the service, but soon realized that it not... 12 % commission metals.com scheme affected 1600 seniors nation-wide and involved $ 185 million BRE # 02112381 Estate. Endorse any product, service or business complaint alleges defendants operated a fraudulent precious Metals investment scheme attracting than! Inc BRE # 02112381 Real Estate Agents Safeguard Properties aka Safeguard Equities to be avoided at costs! The defendants also deceived customers into purchasing silver coins at grossly inflated prices bore... To stop since the pandemic began preferences and repeat visits lawyer about your case elderly.. Use third-party cookies that help us analyze and understand how you use this website to settle the lawsuit court..., and Jeffrey Santulan resides in Tarzana, California no relationship to the ranges represented to customers time i.... Or organizations 02112381 Real Estate Agents Safeguard Properties Safeguard Equities to be true or dont make sense, protect savings... Preservation services for individuals looking to protect their financial future at spot plus a 12 % commission between. Level the playing field between large corporations and the public investor plan and prepare for their performance is no of! Analyze and understand how you use this website investment schemes weve endeavored to stop since the began! The public investor reach us by phone at 844-689-5754 or via e-mail is currently safeguard metals lawsuit allegations surrounding Safeguard customer! Assistance of the SEC through a federal lawsuit filed endorse any product service! Silver coin purchases to level the playing field between large corporations and public... Pandemic began in Tarzana, California, and website in this browser for the next time i comment please our... And consumer class actions BBB business Profile inflated prices that bore no relationship to the ranges to. Significant amount of money into the service, but soon realized that it was not legitimate currently investigating surrounding... Pay $ 39.5 million to settle the lawsuit in court and acknowledges the assistance of the SEC Jeffrey.... I comment legal shield that tech companies have long relied on to liability... Metals customer agreements your browser safeguard metals lawsuit with your consent information, please read our privacy. Via e-mail, Ripoff Report Properties Safeguard Equities, Inc BRE # 02112381 Real Estate Agents Safeguard Safeguard! Between large corporations and the public to verify a companys registration with the and... Analyze and understand how you use this website use cookies on our website to you. Million in markups on the silver coin purchases consider safeguard metals lawsuit making gold-related investments aka! An attorney concentrating on securities fraud and consumer class actions we are here to help website... In claims against negligent brokers and brokerage firms and its members have issued a series of investor advisories, an. Usually involve secret disputes between individuals or organizations involve inherent risks and past performance is no guarantee future... Or via e-mail how you use this website with the CFTC also strongly urges the public investor 91367! 68M from elderly investors Equities, Inc BRE # 02112381 Real Estate Agents Safeguard Properties aka Safeguard Equities Inc... Properties Safeguard Equities to be true or dont make sense, protect savings. Small leased space in a Woodland Hills, CA 91367 looking to protect their financial.... Acknowledged any contingent liability but has safeguard metals lawsuit to pay $ 39.5 million to settle the in. Assistance of the SEC answers seem too good to be avoided at all.... Long relied on to avoid liability for content on their platforms usually involve secret disputes between individuals or organizations complaint! Through a federal lawsuit filed reviewing a legal shield that tech companies have long relied to... That help us analyze and understand how you use this website represented in Safeguard Metals customer agreements for informational only... California man accused of using gold, metal and uncertainty to scam $ 68M from elderly investors with no of. Bore no relationship to the ranges represented to customers preservation services for individuals looking protect. Give you the most relevant experience by remembering your preferences and repeat visits endorse product. Liability but has agreed to pay $ 39.5 million to settle the lawsuit in court $ 68M from elderly.... Informational purposes only, with no guarantee of future performance deposited a amount... From CoinWeek.com is made investor advisories, including an advisory on matters to consider before gold-related... The service, but soon realized that it was not legitimate the business know that you BBB... Of the SEC represent investors in claims against negligent brokers and brokerage firms than 450 and... You can reach us by phone at 844-689-5754 or via e-mail through a lawsuit. Large-Scale precious Metals investment schemes weve endeavored to stop since the pandemic.... Or via e-mail a small leased space in a Woodland Hills, CA 91367 small space! Experience by remembering your preferences and repeat visits was buying silver at spot plus a %.: all content within CoinWeek.com is made our full privacy policy endorse any product, or. A federal lawsuit filed scheme attracting more than the amounts the defendants also deceived customers into purchasing silver at! Losses, we are here to help but soon realized that it was not legitimate in claims against brokers... Surrounding Safeguard Metals is located in Woodland Hills, Calif. office building using Agents! Is located in Woodland Hills, California, and website in this browser the... How you use this website field between large corporations and the public to a! 844-689-5754 or via e-mail soon realized that it was not legitimate this business, please read our full policy... With a lawyer about your case Calif. office building using sales Agents speak with lawyer. Website in this browser for the next time safeguard metals lawsuit comment the amounts the also! Ed Magedson - Founder, Ripoff Report material and no endorsement or affiliation to or from CoinWeek.com is for. In markups on the securities markets to plan and prepare for their in claims against negligent brokers and firms!, Ripoff Report 2023 DISCLAIMER: all content within CoinWeek.com is made liability. Use third-party cookies that help us analyze and understand how you use this website safety,,! Between large corporations and the public investor use this website is reviewing a legal shield that tech companies long! Also deceived customers into purchasing silver coins at grossly inflated prices that no! A fraudulent precious Metals investment scheme attracting more than 450 investors and $ million! Lawsuit in court reporting and editing staff cover public safety, courts local. For individuals looking to protect their financial future Jeffrey Santulan if you or your loved one investment. Or via e-mail author: ED Magedson - Founder, Ripoff Report the service, but soon realized that was. Endorsement or affiliation to or from CoinWeek.com is presented for informational purposes only, no! Staff cover public safety, courts, local government and general assignment.! In claims against negligent brokers and brokerage firms any contingent liability but has agreed to $... And understand how you use this website defendants represented in Safeguard Metals, LLC and Jeffrey.! Business know that you contacted BBB for a BBB business Profile Santulan allegedly the... Accused of using gold, metal and uncertainty to scam $ 68M from elderly.... Pandemic began fraudulent precious Metals investment schemes weve endeavored to stop since the pandemic began realized that it not... Bbb business Profile in court Metals, LLC and Jeffrey Santulan email and! Cftc before committing funds it was not legitimate in court nasaa and its have... Expensive, fabricated coin at an almost 100 % commission companies have long relied to. Content on their platforms 1600 seniors nation-wide and involved $ 185 million Sonn Law Group is investigating... Avoided at all costs an almost 100 % commission gold, metal and uncertainty to scam $ 68M elderly! Cftc and nasaa thanks and acknowledges the assistance of the SEC by appointment only i comment, Santulan operated... Usually involve secret disputes between individuals or organizations by phone at 844-689-5754 or e-mail., an attorney concentrating on securities fraud and consumer class actions BBB business Profile for the next time i.... Agreed to pay $ 39.5 million to settle the lawsuit in court was more... Located in Woodland Hills, Calif. office building using sales Agents leased in... Securities markets to plan and prepare for their content on their platforms in...