Countless people's retirement dreams were destroyed by a Beverly Hills company promising to invest their savings in gold for attractive returns. Now, there is a class lawsuit and a federal investigation into Oxford Gold Group."Of all of the gold companies that we could've invested in, we invested in the one that was a scam," Gigi Van Diepen said about Oxford Gold Group.
An ABC7 investigation found the Beverly Hills-based Oxford Gold Group is facing complaints and the Better Business Bureau revoked its accreditation. "Well, that was my retirement," Florida resident Chris Page said. "It's 25 years dedicated to one company, a little over $182,000." "I don't know how long I'm going to live right," Nelson said. "I feel so betrayed because he knew my story and still stole from me. I just cannot understand how someone is that low."
"What we're most concerned about today is that the government has not stepped in to take control of the computers, the financial records, the emails, all the rest of it that are essential to identifying where the money went and in so doing, identifying who else may have liability that can pay these folks back," Aguirre said.Attorney Michael Aguirre
The statement also said, "Equity Trust is committed to the highest standard of client service and safekeeping of our clients' assets."Aguirre filed a class action lawsuit last week. It names several people from Oxford Gold Group, including Chief Executive Pedram Granfar and Chief Financial Officer Jonathan Adler.