92% to 130%markup over cost on the 'premium' coins Red Rock steered customers toward
A dealer quoted retirement-account customers a 1% to 5% markup on bullion, then sold them coins marked up 92% to 130% over cost, according to a 2024 federal consent order.
Salespeople also claimed a direct relationship with the Royal Canadian Mint and called the coins limited quantity, though the Mint placed no cap. The company and two salespeople agreed to pay a combined $56.3 million and a permanent ban.
Source: US Commodity Futures Trading Commission. Read more: precious metals ira scam · case file