The Wisconsin Department of Justice and the Wisconsin Department of Financial Institutions today announced that the U.S. District Court for the Central District of California has entered a final judgment imposing approximately $25.6 million in restitution and an equal civil monetary penalty against Safeguard Metals LLC and its owner, Jeffrey Ikahn, for operating a fraudulent scheme targeting elderly individuals.

“Defrauding others is shameful,” said AG Kaul. “Thank you to those who worked to obtain this resolution.”