The lawsuit alleged that Safeguard Metals, LLC and owner Jeffrey Ikahn engaged in a $68 million fraudulent scheme thattargeted the retirement accounts of the elderly. In this scheme, Defendants used lies and fear to advise investors that their traditional retirement accounts were at risk of loss and encouraged investors to buy Safeguard’s fraudulently priced precious metals as a safe alternative. Investors subsequently suffered immediate losses to their retirement savings from Safeguard’s massive undisclosed fees Source: Maryland Attorney General