From E! Online · · 1m 10s
Princess Diaries' Erik von Detten Accused of Elder Abuse in Lawsuit
Erik von Detten faces elder abuse lawsuit over $2.1m gold investments.
In brief
Erik von Detten faces elder abuse lawsuit over $2.1m gold investments. Princess Diaries actor Erik von Detten accused of elder abuse after Greenbergs paid $2.1m for gold coins worth $1.3m. Originally reported by E! Online.
Erik von Detten accused
Princess Diaries actor Erik von Detten faces elder abuse lawsuit over $2.1m gold investments.
Greenbergs' lawsuit claims
Sheila Greenberg and her husband Norman Greenberg allege von Detten exploited their retirement funds for gold investments.
Gold investment details
Greenbergs paid $2.1m for gold coins worth $1.3m after von Detten convinced them to invest in gold.
Investment timeline
Greenbergs bought gold coins in October 2020 and November 2020 at prices 60 percent above market value.
Fiduciary duty breach
Von Detten allegedly used his 'apparent authority' to sell gold at unconscionable prices despite Greenbergs' lack of experience.
Lawsuit demands
Greenbergs seek $1.8m in damages plus punitive damages and 10 percent prejudgment interest.
Rosland Capital status
Rosland Capital, now bankrupt, is being investigated by a liquidating trust for Greenbergs' claims.
The takeaway
Princess Diaries actor Erik von Detten accused of elder abuse after Greenbergs paid $2.1m for gold coins worth $1.3m.
