Regional News

Safeguard Metals Settles Elderly Fraud Lawsuit

(Salem, OR) -- Safeguard Metals, a company that sells precious metals, has settled a 68-million-dollar lawsuit over elder fraud in several states. Between 2017 and 2021, Safeguard is accused of deceiving 450 customers nationwide into buying precious metals. They misrepresented risk and safety of customer investments. In Oregon, 11 people invested two-point-three million dollars. Consumer restitution and civil penalties will be decided in the next phase of litigation.

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