Skip to Primary Navigation

Skip to main content

CFTC and 30 state regulators act over fraud scheme targeting elderly

Image of an elderly couple on the beach.
Photo: Michael Steele/Getty Images

Julie DiMauro

4 min read
 Click to share on Facebook (Opens in new window/tab) Click to share on Twitter (Opens in new window/tab) Click to share on LinkedIn (Opens in new window/tab) Click to share on WhatsApp (Opens in new window/tab)

Safeguard Metals LLC charged over fraudulently overpriced silver coins that targeted elderly people.

On Wednesday, 30 state regulators and the Commodity Futures Trading Commission (CFTC) announced a settlement with a precious metals dealer and its owner for operating a nationwide $68m fraudulent scheme targeting elderly and retirement-aged people.

The settlement resolves the federal lawsuit filed in February 2022 in the US District Court for

The

, , , , , , , , , , ,

Subscribe to continue reading

Subscribe to our Premium plan for full access to every article like this one, plus exclusive interviews, podcasts, and more.

Subscribe

Already have Premium? Sign in