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Monday 29 June 2026 01:16:06 GMT
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Former Disney star Erik von Detten is facing a lawsuit from an elderly California couple who claim they invested more than $2.1 million of their retirement savings in overpriced gold coins after trusting his advice. Sheila Greenberg, 85, and her husband, Norman, 97, filed the lawsuit against von Detten and his former employer, Rosland Capital, in Los Angeles County Superior Court on May 11. The couple claims they first contacted the company in 2020 after seeing advertisements promoting gold as a way to protect their wealth. According to court documents, they believed von Detten was an expert who would help them make the right investment decisions. But the lawsuit alleges that the coins were sold at premiums of roughly 60% above the market price of gold. In their first two transactions, the couple reportedly spent more than $2.14 million on coins they claim were worth approximately $1.36 million. They allege the investments lost substantial value almost immediately. The complaint further claims von Detten repeatedly encouraged them to purchase more coins, eventually leading them to invest additional money from their family trust. The couple says they did not discover the alleged overpricing until 2025, when they began investigating the value of their holdings. They are now seeking at least $900,000 in damages, along with other financial compensation. The lawsuit includes allegations of financial elder Ab\*se and Fr\*ud. Von Detten has not publicly addressed the lawsuit, and a representative did not immediately respond to Fox News Digital's request for comment. The allegations have not been established in court. How much responsibility should financial advisors bear when older clients trust them with their life savings? \#ErikVonDetten #DisneyStar #GoldInvestment #CelebrityNews #FinancialAwareness
Former Disney star Erik von Detten is facing a lawsuit from an elderly California couple who claim they invested more than $2.1 million of their retirement savings in overpriced gold coins after trusting his advice. Sheila Greenberg, 85, and her husband, Norman, 97, filed the lawsuit against von Detten and his former employer, Rosland Capital, in Los Angeles County Superior Court on May 11. The couple claims they first contacted the company in 2020 after seeing advertisements promoting gold as a way to protect their wealth. According to court documents, they believed von Detten was an expert who would help them make the right investment decisions. But the lawsuit alleges that the coins were sold at premiums of roughly 60% above the market price of gold. In their first two transactions, the couple reportedly spent more than $2.14 million on coins they claim were worth approximately $1.36 million. They allege the investments lost substantial value almost immediately. The complaint further claims von Detten repeatedly encouraged them to purchase more coins, eventually leading them to invest additional money from their family trust. The couple says they did not discover the alleged overpricing until 2025, when they began investigating the value of their holdings. They are now seeking at least $900,000 in damages, along with other financial compensation. The lawsuit includes allegations of financial elder Ab\*se and Fr\*ud. Von Detten has not publicly addressed the lawsuit, and a representative did not immediately respond to Fox News Digital's request for comment. The allegations have not been established in court. How much responsibility should financial advisors bear when older clients trust them with their life savings? \#ErikVonDetten #DisneyStar #GoldInvestment #CelebrityNews #FinancialAwareness

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