Norman and Sheila Greenberg, aged 97 and 85, say former Disney star Erik von Detten persuaded them to put $2.15 million of their retirement savings into overpriced gold coins worth about $1.36 million at the time. They have sued von Detten and Rosland Capital for financial elder abuse, fraud and breach of fiduciary duty. Rosland, a TV-advertised precious metals dealer, filed for Chapter 11 bankruptcy on July 2 and owes customers $49 million for metals they paid for but never received. The unsecured creditors' committee wants von Detten's records, arguing he played an instrumental part in the company's collapse, and has subpoenaed records from founder Marin Aleksov and custodian Goldstar Trust Company. The article notes that gold has since more than doubled in price.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: 97 - Year - Old Sues Toy Story Star Over 58 % Gold Markups As Bankrupt Dealer Owes Customers $49 Million
Read the original on zerohedge.com ↗
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