Alliance Shield LLC- Investment Fraud and Scam Exposed (2023 Review)
Alliance Shield LLC is a scam. It is the rebranded version of the notorious Safeguard Metal LLC scam which faced stringent action from the SEC.
Avoid Alliance and any of its affiliations.
The following review will help you understand why you must avoid investing with this company:
About Alliance Shield LLC
Precious metals like gold and silver have been regarded as valuable commodities since antiquity. Many people believe that investing in these metals will protect them from economic instability. But, not all investment opportunities are created equal.
Did You Know?
LLC stands for limited liability company. LLC protects the businessmen and industrialists at the time of complete loss by removing the liability of debts from the owner of the firm. In simple terms, according to LLC the owner is not responsible for financial losses and the debts are deposited by the firm and not the private funds of the owner.
In recent years, there have been cases of businesses exploiting senior persons by misleading them into buying precious metals at exorbitant prices. One such company is Safeguard Metal LLC, along with Alliance Shield LLC. According to the authorities’ complaint, Jeffrey Santulan, the proprietor of Safeguard Metals LLC, and the company misled investors into selling their existing securities and moving the profits into self-directed individual retirement accounts to invest in gold and silver coins.
Who is Jeffrey Santulan
The companies Alliance Shield LLC and Secure Guard LLC were founded by Jeffrey Santulan.
Jeffrey Santulan is an innovator and serial entrepreneur. His knowledge of technology, the arts, and entertainment is well-known. Santulan has accomplished a great deal in business thanks to Grant Cardone, his mentor. He places a strong emphasis on the need of having an entrepreneurial attitude to help others achieve similar success in their business endeavors.
JEFFREY SANTULAN and SAFEGUARD METALS renamed now as Alliance Shield LLC has been charged by the SEC with elder fraud in the sale of gold and silver coins.
The Safeguard Metals LLC renamed now as Alliance Shield LLC and its owner, Jeffrey Santulan, have been accused by the SEC of defrauding hundreds of elderly investors and running a multimillion-dollar conspiracy. In Woodland Hills, California, there is a Wyoming Limited Liability Corporation called Safeguard Metals LLC. The sole owner and member of Safeguard renamed now as Alliance Shield LLC Jeffrey Santulan owns all of the business.
The SEC’s complaint alleges that Safeguard renamed now as Alliance Shield LLC and Santulan, acting as investment advisers, deceived investors into selling their existing securities, transferring the proceeds into self-directed Individual Retirement Accounts, and investing the funds in gold and silver coins from December 2017 through at least July 2021 by making false and misleading claims about the safety and liquidity of the investors’ securities investments, Safeguard’s operations, and its compensation.
According to the allegations, Safeguard renamed now as Alliance Shield LLC misrepresented itself as a full-service investment company with offices in Beverly Hills, New York City, and London, prominent employees in the securities sector, and $11 billion in assets under management.
Santulan allegedly used salespeople to run the business out of a small office facility in Woodland Hills, California that he had rented.
The complaint also claims that Safeguard’s sales representatives used pre-made scripts, some of which were created by Santulan, that contained untrue and deceptive claims about the impending market meltdown and how their retirement savings would be frozen as a result of a new, “unpublicized” law. misrepresented itself as a full-service investment company with offices in Beverly Hills, New York City, and London, prominent employees in the securities sector, and $11 billion in assets under management.
Santulan allegedly used salespeople to run the business out of a small office facility in Woodland Hills, California that he had rented. The complaint also claims that Safeguard’s sales renamed now as Alliance Shield LLC representatives used pre-made scripts, some of which were created by Santulan, that contained untrue and deceptive claims about the impending market meltdown and how their retirement savings would be frozen as a result of a new, “unpublicized” law.
In addition, Safeguard renamed now Alliance Shield LLC, and Santulan is accused of deceiving investors by charging average markups of roughly 64% on its sales of silver coins rather than the 4% to 33% markups that they stated to investors. Following the complaint, Safeguard renamed now as Allliance Shield LLC sold coins to more than 450 retail investors, most of whom were elderly, for around $67 million, and pocketed about $25.5 million in markups.
The Securities and Exchange Commission (SEC) has filed a complaint in federal district court for the Central District of California accusing Safeguard renamed now as Alliance Sjiled LLC and Santulan of breaking the antifraud provisions of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder as well as Sections 206(1) and 206(2) of the Investment Advisers Act of 1940. Santulan is also accused of helping Safeguard commit these violations and acting as a control person under Section 20(a) of the Securitization The SEC is requesting civil penalties, prejudgment interest, disgorgement of allegedly illegally obtained gains, and permanent injunctions.
Jedediah B. Forkner and Jean M. Javorski from the SEC’s Chicago Regional Office carried out the investigation, which was overseen by Anne C. McKinley. Jonathan S. Polish will serve as the case manager. The Commodities Futures Trading Commission and state authorities that are members of the North American Securities Administrators Association have been a great help to the SEC.
What is SEC (U.S. Securities and Exchange Commission)
In the wake of the 1929 Wall Street Crash, the United States federal government established the independent U.S. Securities and Exchange Commission. The SEC’s main goal is to uphold the law against market manipulation.
Reshaping into a new identity in the name of Alliance Shield LLC
Safeguard Metal LLC has adopted a new name. They established a new company, Alliance Shield LLC, but their business practices remained the same as before, which included fraud and scams.
According to reports, Safeguard Metal LLC and Alliance Shield LLC both sell precious metal coins to senior citizens at prices significantly greater than their market worth. The fact that older people are frequently the most vulnerable and may lack the skills or ability to defend themselves from such fraud makes this an exceptionally horrible crime.
This kind of fraud is not new, and con artists frequently target the elderly. Some people might not report the crime as often or they might not even be aware they were conned.
However, organizations like Safeguard Metal LLC and Alliance Shield LLC’s actions simply serve to further this tendency and further victimize a community that is already at risk.
A lot of attention is being paid to Alliance Shield LLC’s former business, Safeguard Metal LLC, which defrauded hundreds of elderly individuals. DFPI sues Safeguard Metal for $68 million.
Some of the views of the people
What the media says about Alliance Shield LLC
The name Safeguard Metal LLC has been changed. Alliance Shield LLC is a new firm they founded, but its methods of operation remain deceitful and fraudulent.
Alliance Shield LLC, according to sources, shares the same goal as Safeguard Metal LLC in selling precious metal coins to older citizens at a price far higher than their market value. Senior citizens are among the most vulnerable and may lack the skills or expertise to protect themselves against such scams, making this a particularly heinous crime.
These frauds are nothing new, and the elderly are typically the victim of them. These individuals may be less inclined to disclose the occurrence or may even be unaware that they are victims.
However, businesses like Safeguard Metal LLC and Alliance Shield LLC are just contributing to this trend by harming an already defenseless populace.
Frequently Asked Questions
What are Safeguard Metals?
Safeguard Metals is an organization responsible for providing quality products and services including Portfolio Diversification with Metals.
What did Safeguard Metals do?
A multimillion-dollar fraud operation involving hundreds of investors who were in or approaching retirement age was the subject of accusations against Safeguard Metals LLC and its owner, Jeffrey Santulan, according to the Securities and Exchange Commission, which made the announcement today.
Where are Safeguard Metals Located?
Safeguard Metals are located in Woodland Hills, California, United States