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Colorado Division of Securities encourages defrauded investors in Metals.com case to file claims by April 30, 2021
Monday, March 15, 2021
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DENVER The Colorado Division of Securities (the “Division”), other state regulators, and the Commodity Futures Trading Commission (CFTC) recently filed a joint civil enforcement action against Metals.com, Tower Equity, Chase Metals, Barrick Capital and other associated parties. The defendants are accused of perpetrating a fraudulent precious metals investment scheme allegedly involving 1600 investors and more than $185 million in customer funds.
The United States District Court for the Northern District of Texas entered an injunction and a restraining order freezing the assets of the defendants. It also appointed Kelly Crawford as Receiver – an official responsible for taking control of the assets of the defendants and distributing funds back to defrauded investors.