Overview
- Police have received 21 complaints alleging a scheme that promised 20% guaranteed returns on gold purchases and pushed cash transactions.
- The shop closed abruptly in October and the merchant became unreachable after early quarterly payouts that built client trust through mid‑2025.
- Expert assessments indicate many recovered coins were worth only a fraction of the amounts charged, including a piece touted at €150,000 appraised near €20,000.
- Attorneys representing multiple clients say total losses are nearing €1 million and expect additional complainants to come forward.
- Most alleged victims are retirees reporting losses typically between €30,000 and €150,000, with some far higher, and the investigation could lead to arrests.