Erik von Detten is facing shocking allegations by an elderly couple.
The Independent reported on Tuesday, October 20th, that The Princess Diaries star and a precious metals firm, Rosland Capital, were named in the elder abuse and fraud case.
Von Detten is accused of allegedly encouraging the retired couple, Sheila Greenberg, 85, and Norman Greenberg, 97, to use their retirement fund to buy gold coins from the firm.
Upon his suggestion, the two agreed to place two orders totalling around $1 million for Lady Liberty gold coins.
However, the amount was not sent directly, and they were told it would be placed in storage.
Shortly afterwards, they allege von Detten made a second purchase for another $1 million worth of gold coins.
According to the details, Sheila and Norman also alleged that they later learned the coins had been significantly marked up, and after spending $2.1 million they were left with coins worth around $1.3 million.
How much the elderly couple seeking from Erik von Detten?
Now, they are seeking $900k in losses and are asking the court to impose punitive damages.
Rosland Capital breaks silence over the fraud case
In response, Rosland Capital filed a counter lawsuit and filed for bankruptcy after the lawsuit was filed.
Before the filing, the company advertised heavily on Fox News, with actor William Devane featuring prominently in their commercials.
The couple reached out to the precious metals firm after seeing a television advertisement in 2020 and were put in touch with von Detten.
Apart from the elderly couple, a Wisconsin family are suing to recover $55,000 in life savings from Rosland, per reports that emerged in September of this year.
What is Erik von Detten and Rosland Capital's connection?
For the unversed, Erik von Detten worked as a senior account representative and broker for Rosland Capital, a precious-metals asset management firm.
After stepping away from his acting career, von Detten entered the finance and sales sector around age 25 and worked as a broker for Rosland Capital.
So far, Erik von Detten has not reacted to these emerging allegations.
