From rags to riches, Tyler Gallagher has lived a life akin to that of a Hollywood movie. A high-school dropout turned successful entrepreneur, Gallagher’s story was as remarkable as it was inspiring. Or so it seemed.
In this article, we’ll take a deep look at Tyler Gallagher & Regal Assets.
Also, you’ll learn about his beginnings as well as his downfall:
Early Days of Tyler Gallagher
Tyler Gallagher wasn’t always the wealthy businessman but he presented himself to be. At the tender age of 16, he found himself homeless, living in a shelter. But Gallagher had a vision, a dream to change his life, and he did. With just $5,000 in his pocket, he embarked on a journey that would see him become the CEO of a billion-dollar company –Regal Assets.
BREAKING NEWS: @PiCoreTeam were interviewed by a Forbes Council Member, Mr. Tyler Gallagher.
Tyler Gallagher is a Forbes Council Member from Beverly Hills, California, United States 🇺🇸 He is also a CEO at Regal Assets.
Regal Assets, a company specializing in investing clients’ retirement funds in precious metals, quickly grew to be one of the fastest-growing companies in the country. It earned top ratings on review sites. Gallagher himself was often quoted as an expert in media outlets such as Forbes and Rolling Stone.
The company’s success extended beyond U.S. borders, with offices in Los Angeles, London, and Dubai. In fact, Regal Assets was the first company to be licensed to trade cryptocurrency in the Middle East.
Gallagher’s success didn’t go unnoticed. His clientele list boasted names of celebrities like Laura Ingraham and Lars Larson. He was living the American dream.
However, there’s more to the story.
Although Regal Assets climbed to the top of the precious metals industry, something strange happened. Suddenly, it shocked everyone.
In October, Gallagher and his gold disappeared. Investors who had trusted Gallagher with their life savings were left in the dark.
One such investor was Nancy O’Hara. In 2021, O’Hara, a retired businesswoman, decided to invest a third of her retirement savings into Regal Assets’ “Gold IRA” program.
The company promised that the program was a safe bet, a hedge against stock market downturns and inflation. O’Hara, like many others, was swayed by these assurances and invested a substantial amount of money into the company.
However, the promised gold never arrived. O’Hara is not alone in her plight. A Facebook group named “Victims of Regal Assets” claim to have lost a combined total of at least $10 million.
Even Gallagher’s chauffeur, Kyle Chernak, and former salesperson Kevin Snyder have come forward, claiming Gallagher’s decadent lifestyle was funded by fraudulent practices.
Is Gold Really Useful In Times Of Crisis?See for yourself
As the news of Gallagher’s disappearance spread, lawsuits began to pile up. One such lawsuit was filed by Michael Green. The court documents reveal a series of summons issued against Gallagher, Leah Donoso, the president of the company, and Regal Assets LLC.
In another lawsuit, Swiss America Trading Corporation, a competitor of Regal Assets, accused the company of false advertising under the Lanham Act and state law, as well as unfair competition, trade libel, and intentional interference with prospective economic advantage.
After a thorough examination of the case, the court ruled in favor of Swiss America Trading Corporation, dismissing only the claim for intentional interference with prospective economic advantage.
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Today, Gallagher is reportedly living in Dubai, leaving behind a trail of disgruntled investors and legal battles. Leah Donoso, who was instrumental in operating the company, has remained silent, offering no comment when approached by Inside Edition.
In the wake of the scandal, many investors are left with a bitter taste and a gaping hole in their retirement savings. The American dream that Gallagher so proudly proclaimed seems to be nothing more than a mirage for these investors.
The story of Tyler Gallagher serves as a cautionary tale, a stark reminder of the risks inherent in investment. It underlines the importance of rigorous due diligence and skepticism of promises that seem too good to be true. As the saying goes, “If it sounds too good to be true, it probably is.”
“I looked at different companies and I was impressed with Regal Assets,” retired CBS TV editor Lawrence Fernandez tells Inside Edition. “It’s out in the ether somewhere,” Fernadez says. “It just vanished.”
Disclaimer: This article is intended for informational purposes only and does not constitute legal advice. The information contained herein may not be the most current and is subject to change without notice.
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