Attorney General James Sues Lear Capital and Founder for Defrauding New Yorkers Out of $10 Million in Precious Metal Investment Scam

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Attorney General James Sues Lear Capital and Founder for Defrauding New Yorkers Out of $10 Million in Precious Metal Investment Scam

NEW YORK – New York Attorney General Letitia James today  filed a lawsuit against Lear Capital (Lear) and its founder, Kevin DeMeritt, for cheating nearly 1,000 New Yorkers out of approximately $10 million . In the petition, Attorney General James alleges that Lear persuaded investors — including many elderly residents of Western New York who were seeking to safeguard their retirement savings — to invest tens of millions in precious metals, primarily coins.read more
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