Kirk Elliott Precious Metals has been connected to two federal lawsuits: a 2023 case filed against Kirk Elliott and his affiliated entities by a competitor, which a federal judge dismissed within weeks, and a 2025 case still in progress in which Elliott’s own companies are the plaintiffs, alleging they were defrauded of $12 million through a tax scheme. Neither case involves consumer claims against the company, and there are no known regulatory actions against Elliott or KEPM in the available record.
The 2023 Competitor Lawsuit Was Dismissed Within Two Months
In July 2023, Golden Bull, LLC — the parent company of Noble Gold Investments — sued Kirk Elliott, Kirk Elliott PhD Private Advisors LLC, and K+E Consulting Redesigned in Los Angeles County Superior Court. The defendants removed the case to the U.S. District Court for the Central District of California, where it was docketed as Case No. 2:23-cv-06190.1Justia. Golden Bull, LLC v. Kirk M. Elliott et al
The dispute was a business-to-business matter involving digital marketing, trademark, and lead-generation domains. It did not involve consumer funds or allegations of regulatory violations.2Best Gold Companies IRA. Noble Gold Investments Reviews
The case did not last. After the court raised a subject-matter jurisdiction question, the defendants moved to dismiss for lack of personal jurisdiction.3CourtListener. Golden Bull, LLC v. Kirk M. Elliott On September 5, 2023, Judge Stanley Blumenfeld Jr. granted the motion and entered final judgment dismissing the claims without prejudice.4Justia. Golden Bull, LLC v. Kirk M. Elliott et al, Final Judgment A dismissal without prejudice leaves the door open to refiling in a court with proper jurisdiction, but no follow-up case between the parties appears in the available record.
The 2025 Case Has Elliott’s Companies Suing Over an Alleged $12 Million Tax Scheme
On February 5, 2025, a group of entities that includes Kirk Elliot PhD Private Advisors, LLC, Legacy Partners, LLC, Ashley Kunkle, LLC, The Modern Classic, LLC, and A&N Investments, LLC filed suit in the U.S. District Court for the District of Colorado. The defendants include Terah Ott, FTM Wealth (both LLC and PLLC entities), and several individuals and entities associated with the Anderson family: Richard B. Anderson, Robert E. Anderson, William Oliver Anderson, RBrady A Systems, LLC, and REA Solutions, LLC.5PACER Monitor. Legacy Partners, LLC et al v. Terah Ott et al, Complaint The action is docketed as No. 1:25-cv-00391 and classified as a breach of contract diversity case.6PACER Monitor. Legacy Partners, LLC et al v. Ott et al
Here, Elliott’s side is the one bringing the claims. According to a Law360 report the day after filing, the complaint alleges that a precious metals dealer and his partners were “fleeced of $12 million” by attorneys who directed them to form a partnership and then claim illegal tax deductions tied to intellectual property.7Law360. Metals Dealer Says Partners Lost $12M in Attys’ Tax Scam The complaint’s detail beyond that summary has not been made public through the available court records.
One wrinkle: Kirk Elliott individually and Kirk Elliot PhD Private Advisors, LLC appear as both plaintiffs and defendants on the docket, which points to counterclaims or cross-claims in the case. Several Anderson-related defendants were terminated on June 23, 2025, and a Second Amended Complaint and Jury Demand was filed on July 9, 2025.8PACER Monitor. Legacy Partners, LLC et al v. Ott et al, Second Amended Complaint As of mid-2026, the case is still active before Judge Regina M. Rodriguez, with discovery underway and expert disclosures being exchanged on court-ordered deadlines.6PACER Monitor. Legacy Partners, LLC et al v. Ott et al
No Regulatory Enforcement Against KEPM Appears in the Record
Based on the available record, neither Elliott nor KEPM has been the subject of an enforcement action by the CFTC, the SEC, or state regulators.
The wider industry has drawn heavy federal scrutiny, which is worth separating from KEPM’s situation. In 2022, the CFTC and 27 state regulators jointly charged Safeguard Metals LLC and its principal with a $68 million fraud targeting elderly investors, alleging silver coin markups of 51% to over 70%.9NASAA. The CFTC and 27 State Securities Regulatory Agencies Charge Los Angeles-Area Precious Metals Dealer A separate CFTC action over $185 million in customer funds, much of it retirement savings, went to trial in late 2025 against California dealers accused of selling overpriced bullion.10Husch Blackwell. Precious Metals Fraud Case Invites Challenges to CFTCs Antifraud Authority Those cases involve allegations of extreme markups and deceptive sales practices; the file shows no such allegations against KEPM.
What KEPM Does
Kirk Elliott founded KEPM in 2013. The company sells physical gold and silver bullion bars and coins and helps clients open self-directed precious metals IRAs. It says it steers away from rare or semi-rare coins in favor of investment-grade bullion that is easier to liquidate, and describes its pricing as using minimal premiums and commissions.11KEPM. Kirk Elliott Precious Metals Most purchases are handled through phone consultations rather than an online storefront.
On the Better Business Bureau, KEPM carries an A+ rating but is not BBB accredited. The BBB file was opened in April 2024, though the business started in September 2013. Customer reviews on the platform average 4.62 out of 5 stars across 68 reviews, with feedback ranging from praise for transparency to complaints about customer service after the initial sale.12BBB. Kirk Elliott Precious Metals