Oxford Gold Group: Class action lawsuit filed, federal investigation underway into Beverly Hills company [Video]

LOS ANGELES (KABC) — Countless people’s retirement dreams were destroyed by a Beverly Hills company promising to invest their savings in gold for attractive returns. Now, there is a class lawsuit and a federal investigation into Oxford Gold Group.

Eyewitness News first started investigating complaints about Oxford Gold Group in July. People transferred five-or-six-figure amounts to a company that has simply vanished.

Closed but still doing business

“Of all of the gold companies that we could’ve invested in, we invested in the one that was a scam,” Gigi Van Diepen said about Oxford Gold Group.

Diepen said she and her husband are victims of Oxford Gold Group, adding the company was still accepting clients, even after they closed.

“(My husband) wired money to them May 1 of this year,” Diepen said. “They went out of business in April of this year. So, they took our money even though they had closed their doors in Beverly Hills.”

The company website was up as late as …