"San Diego attorney Maria Severson, who co-represents scores of allegedly defrauded investors, said she is also seeking the appointment of a trustee to take over responsibility for whatever money is left. Each day that Oxford Gold remains in control, there will be waste and dissipation of assets, she said."
"Alleged victims of Oxford Gold Group LLC want to force the company into a Chapter 7 bankruptcy proceeding in order to collect more than $6 million in lost retirement savings."
"This legal maneuver allows creditors, like the Oxford victims, to force a debtor into a proceeding where a trustee is appointed by the government to take find out what assets exist and take control over them to protect creditors like the Oxford victims."
Collection
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