Erik von Detten, the former Disney star known for his roles in “The Princess Diaries” and “Brink!” is facing a lawsuit alleging elder abuse and fraud after an elderly couple claimed he persuaded them to invest more than $2 million of their retirement savings in significantly overpriced gold coins.
\n\nThe lawsuit, filed in California in May, names von Detten, 44, and his employer, precious metals company Rosland Capital, as defendants. Sheila Greenberg, 85, and her husband, Norman Greenberg, 97, allege they lost approximately $900,000 after purchasing gold coins through the company.
\n\nRosland Capital has ceased operations and declared bankruptcy in July, listing some $64 million in liabilities and just $500,000 in assets. According to filings in the bankruptcy case, the company has faced scrutiny from the New York Attorney General’s Office and the Securities and Exchange Commission.
\n\nThe creditors’ committee is seeking to subpoena Von Detten as it investigates the failure of the company, saying it appears he “played an instrumental part in the Debtor’s business and its financial collapse.”
\n\n“The Greenbergs’ story is not unique,” the creditors’ committee alleges. “It is one of hundreds. Creditors, including the other Committee members, have described remarkably similar experiences: trust cultivated, expertise professed…
Original source: https://variety.com/