Crime

Maryland partners with CFTC, 26 state securities regulators to stop $68 million precious metals scheme that targeted seniors

BALTIMORE, MD—The Office of the Attorney General’s Securities Division this week announced that it is participating in a multi-jurisdictional, coordinated enforcement action to stop a fraudulent precious metals scheme that resulted in investments exceeding $68 million from at least 450 investors nationwide. The Securities Division has joined the Commodity Futures Trading Commission (CFTC) and 26 other state securities regulators in …


Business, Crime, Politics

Attorney General Frosh leads effort to charge precious metals dealers in $185 million scheme targeting retirement-age investors

BALTIMORE, MD—Maryland Attorney General Brian E. Frosh has announced that his Securities Division has collaborated with the Commodities Futures Trading Commission (CFTC) and 29 other states in filing a complaint in the U.S. District Court for the Northern District of Texas alleging related companies Metals.com and Barrick Capital, Inc. solicited $185 million from retirement-age investors, including at least $3 million …