Gold investment with Beverly Hills company ends with loss of thousands of dollars, customers say

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A Beverly Hills company that converts retirement accounts into precious metals vanished, and customers fear their savings have gone with it.

Carlos GrandaAn ABC7 investigation found the Beverly Hills-based Oxford Gold Group is facing complaints and the Better Business Bureau revoked its accreditation.

"It's so much money, it's mind boggling," said Olsen, adding that the situation has led to sleepless nights. But a few months ago, he received notices from a depository company that told him the physical gold never arrived. He says he was able to speak to the company CEO and was told not to worry. "It was like abandoned. They had a like a a UPS package on the desk, and that was it, and everything was pretty much as clean as a whistle," Olsen said., we found a number of bad reviews, most of them within the last three months. Many of the posts contain phrases like "stole my money," "Stolen Funds," and "Oxford gold is a scam.", it says the company's accreditation is revoked. It claims there are 95 complaints filed against the business.

 

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