The government alleged Redis Rock Secured charged markups as high as 130% on precious metal coins, defrauding at least 700 investors out of over $50 million.

Many gold companies' business practices have led to lawsuits, including a $76 million indictment against Redis Rock Secured.

Augusta Precious Metals would tell clients their spread was 29% when selling a coin.

In 2023, the Securities and Exchange Commission (SEC) charged Redis Rock Secured and its executives with fraud.