A loyal Fox News viewer claims to have lost $80,000 after investing $174,000 in gold coins hawked by a Los Angeles company whose advertisements run daily on the conservative cable network. The attorney general is suing the company, Lear Capital, according to The Washington Post, which spoke to White, 70, about his ordeal. White told the Post he thought Fox "wouldn't take a commercial like that unless it was legitimate." According to the article, more than 30 customers in 20 states have sued a dozen so-called "gold IRA" companies — including Lear — since 2013. As part of the settlement, Lear agreed to reimburse some customers and must disclose its fee structure more clearly.

Source: Fox News July 26, 2023 17:00 UTC