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Investors who claim they were swindled by an entrepreneur selling precious metals as an investment vehicle told The Daily Beast they trusted him in part because of his ties to two major media companies: Forbes and Rolling Stone.
Tyler Gallagher, 39, is the owner and founder of Regal Assets, a precious metals dealer that helps clients invest their retirement accounts in physical gold and silver. As The Daily Beast reported, authorities are investigating whether Gallagher—who has not been heard from since October—stole millions of dollars from his clients by failing to deliver the metals they’d purchased.
Many clients told The Daily Beast they trusted Gallagher because of the image he presented online: a reputable, vetted businessman and published expert in finance. Regal Assets’ website boasted of its mentions in HuffPost, MarketWatch, and SmartMoney and bragged in press releases about its inclusion on Inc. magazine’s list of the 500 fastest-growing companies in the U.S.