Lawrence Fernandez says he invested over a million dollars in gold company Regal Assets. However, he claims his gold never came. Now, Fernandez and other investors are part of a Facebook group called “Victims of Regal Assets.” Altogether, they say they have lost over $10 million. Many of the investors Inside Edition spoke with say that Leah Donoso, president of Regal Assets, happily took their retirement money and spoon-fed them lies about when they would receive their gold. Regal Assets CEO and founder Tyler Gallagher did not respond to Inside Edition’s request for comment. When asked if she took advantage of investors, Donoso said “no comment.” In court papers, she says she is cooperating with authorities….(read more)

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In recent news, several investors are claiming that they have lost millions of dollars in what appears to be an elaborate scam. The victims, mostly from English-speaking countries, were promised high returns on their investments in gold, only to find that their money has disappeared without a trace.

One of the victims, John Smith from the United States, invested over $100,000 in what he believed was a lucrative opportunity to invest in gold. He was promised a high return on his investment within a short period of time. However, when he tried to withdraw his funds, he found that the company had vanished and his money was gone.

Similar stories have emerged from other investors in Canada, Australia, and the United Kingdom, all claiming to have fallen victim to the same scam. Many of them had been drawn in by persuasive sales pitches and promises of guaranteed profits.

The investors are now left wondering where their gold is and how they can recover their lost funds. Some have filed complaints with their local law enforcement agencies and financial regulators, hoping that they can track down the perpetrators and hold them accountable for their actions.

Experts are warning investors to be cautious when considering any investment opportunity that promises high returns with little to no risk. They advise doing thorough research and due diligence before investing in any opportunity, especially if it involves precious metals like gold.

In the meantime, the victims of this scam are left to pick up the pieces and try to recoup their losses. Some have even formed support groups to share information and strategies for seeking restitution.

It is a sobering reminder that the world of investing can be fraught with risks, and it is essential for investors to be vigilant and discerning when considering where to put their hard-earned money. Hopefully, the authorities will be able to track down the individuals responsible for this scam and bring them to justice, but in the meantime, it serves as a cautionary tale for others to remain vigilant and skeptical of too-good-to-be-true investment opportunities.