Genesis Gold Group, a Beverly Hills precious metals IRA company, has been named as a defendant in at least two lawsuits since 2023: an employment discrimination and harassment case brought by a former personal assistant, and a newer case filed in November 2025 that remains pending. The company has also acted as a plaintiff, winning default judgments in two breach-of-contract suits it filed against business partners. Separately, online reviewers have accused the firm of steep undisclosed markups on coins sold for retirement accounts, though those complaints have not produced a class action on the record available.
Aladgem v. Genesis Gold Group: Harassment and Retaliation Claims
In 2023, former personal assistant Noelle Aladgem sued Genesis Gold Group along with three co-owners — CEO Jonathan Rose, CFO Jacob Diaz, and COO Bradley Garrett — in Los Angeles County Superior Court (Case No. 23STCV15472). The complaint alleged violations of the Fair Employment and Housing Act, Labor Code violations, wrongful termination, negligent hiring, and unfair business practices.1Rulings.law. Tentative Ruling, Case No. 23STCV15472
Aladgem alleged that in January 2023 a Genesis Gold Group employee named Cory Wetzel sent her an inappropriate photo on Instagram. After she reported the incident to human resources, she claimed Rose and Diaz admonished her for going to HR instead of speaking to the owners directly. She alleged Rose told her she had “enticed” the harasser by accepting a gift, and that Diaz told her it was “illegal” to initiate discussions about the incident. She also said she was isolated from coworkers and stripped of job duties.1Rulings.law. Tentative Ruling, Case No. 23STCV15472
How the Court Ruled on Punitive Damages
On January 5, 2024, Judge Jill Feeney issued a tentative ruling on motions to strike Aladgem’s punitive damages claims. The court denied the motion for Rose and Diaz on the retaliation and wrongful termination claims, finding their alleged conduct in admonishing Aladgem and isolating her constituted “despicable conduct” sufficient to support punitive damages. The court granted the motion on the sexual harassment and failure-to-prevent claims, with leave to amend, because the complaint did not adequately allege that Rose and Diaz knew of Wetzel’s unfitness beforehand or ratified his behavior.1Rulings.law. Tentative Ruling, Case No. 23STCV15472
As to Garrett, the court struck the punitive damages claim entirely, noting the complaint contained “no facts” about his specific conduct and identified him only as a co-owner and supervisor. An alter ego theory linking Garrett to the company’s liability was rejected as insufficiently pleaded. Against Genesis Gold Group itself, punitive damages survived on the retaliation and wrongful termination claims but were struck for sexual harassment and failure to prevent.1Rulings.law. Tentative Ruling, Case No. 23STCV15472
The final outcome of the Aladgem case is not reflected in the available records.
Gerald v. Genesis Gold Group: A Pending Case
On November 4, 2025, Jason Gerald filed suit against Genesis Gold Group in Los Angeles County Superior Court (Case No. 25STCV32214). A post-arbitration status conference is scheduled for October 28, 2026, indicating the matter has been routed to arbitration.2Los Angeles Superior Court. Case No. 25STCV32214 – Jason Gerald vs. Genesis Gold Group, Inc. The nature of Gerald’s specific claims is not detailed in the available record.
Suits Genesis Gold Group Has Filed
Genesis Gold Group has also appeared as a plaintiff. In February 2024, the company sued Norrell L. Walker, Republican Metal Company, Inc., and Colonial Metals Group over a commercial contract dispute. When the defendants failed to respond, the Los Angeles Superior Court entered a default judgment on September 29, 2025, awarding Genesis Gold Group $512,326.74.3Unicourt. Genesis Gold Group, Inc. vs. Norrell L. Walker, et al.
In October 2024, the company filed a second suit, this one against Nelson A. Holdo and Mimi et Cie., LLC, alleging that a $60,000 wire transfer in December 2022 for three custom Rolex watches was never fulfilled. The complaint asserted breach of contract, conversion, fraud, money had and received, unfair competition, and a violation of the Consumer Legal Remedies Act. A default judgment of $62,256.74 was entered on July 17, 2025.4Unicourt. Genesis Gold Group, Inc. vs. Nelson A. Holdo, et al.
Customer Complaints About Markups and Losses
Outside of court, a recurring set of complaints has accumulated online from customers who say Genesis Gold Group sold them coins at prices far above spot value without adequately disclosing the premiums.
A customer identified as Jon W. reported in early 2026 that his 401(k) rollover lost 54% of its stated value after he bought gold and silver through the company. He said Genesis Gold Group encouraged him to purchase “private market rare coins” with projected returns of up to 300%, and estimated his average markup at roughly 109% above the metals’ spot price. A reviewer named Michelle U. wrote in mid-2026 that her self-directed IRA dropped about 40% once assets were deposited, and alleged the company failed to disclose that account values would fall sharply once metals were moved to a depository. A third reviewer, Liam M., said in 2024 that the price of gold was never discussed before the sale closed and described the metal as “over priced.”5Trustindex. Genesis Gold Group Reviews
These accounts have not produced a class action or regulatory enforcement action on the available record. Genesis Gold Group holds an A+ rating with the Better Business Bureau and has been accredited there since September 2022.6Better Business Bureau. Genesis Gold Group BBB Profile
Not to Be Confused With Oxford Gold Group
Genesis Gold Group is a separate company from Oxford Gold Group, another Beverly Hills precious metals firm that was hit with a class action lawsuit and federal investigations in 2024 over allegations it collected customer funds without actually purchasing gold. Oxford Gold Group’s operations were suspended by the California Franchise Tax Board in April 2024, and the FBI, the California Department of Financial Protection and Innovation, and the U.S. Commodity Futures Trading Commission all opened investigations.7ABC7. Oxford Gold Group Class Action Lawsuit Filed, Federal Investigation Underway No similar regulatory actions against Genesis Gold Group appear in the available research.