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Settlement reached in investment fraud scam targeting elderly adults

Settlement reached in investment fraud scam targeting elderly adults
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Settlement reached in multi-million dollar investment fraud scam targeting elderly adults

INDIANAPOLIS – Indiana Secretary of State Diego Morales and Indiana Securities Commissioner, Marie Castetter announced a settlement with precious metals dealer Safeguard Metals, LLC and Jeffrey Ikahn in a federal lawsuit. The lawsuit alleged that Safeguard and Ikahn engaged in a nation .

Settlement Reached in Investment Scam

Yost pursuing restitution for victims in Safeguard Metals investment scheme

Ohio Attorney General Dave Yost has entered into a consent agreement with California-based Safeguard Metals and its owner over a multimillion-dollar scheme in which hundreds of elderly Americans – including 18 Ohioans – were persuaded to liquidate their retirement accounts with legitimate investment firms and invest in fraudulently overpriced silver coins and other precious metals sold by the defendants.

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