Thus, all the compensation awarded goes to the new plaintiff. When it comes to protecting the public, we will not hesitate to do everything in our power to vigorously investigate and protect their retirement savings from fraud in commodities markets, said Acting Director of Enforcement Vincent McGonagle. New York, New York Attorney General Letitia James TODAY filed suit against a precious metals company Safeguard Metals LLC and its owner and manager, Jeffrey Santulan, also known as Jeffrey Hill, for defrauding investors including several seniors in New York and across the country., The lawsuit, filed by the US . Daily Weather Forecast The lawsuit, filed by the U.S. Commodity Futures Trading Commission (CFTC) and a bipartisan coalition of 27 states, alleges that Safeguard Metals deceived nearly 450 investors nationwide by fraudulently soliciting nearly $68 million for precious metals and misrepresenting its exorbitant fees charged to investors. As the market continues to fluctuate, we anticipate more fraudsters using fear and uncertainty to manipulate good people out of their hard-earned money.. It is the mission of PNG- Accredited Precious Metals Dealer (APMD) program to instill confidence among retail buyers in the precious metals marketplace by adhering to strict guidelines for. The SEC's complaint, which was filed in federal district court in the Central District of California, charges Safeguard and Santulan with violating the antifraud provisions of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and Sections 206(1) and 206(2) of the Investment Advisers Act of 1940, and also charges Santulan with aiding and abetting Safeguard's violations and as a control person within the meaning of Section 20(a) of the Securities Exchange Act of 1934. ON SALE. FNG Forex, CFD and Crypto trading industry news, NFA imposes total fines of $350,000 on GMG Brokers, two employees, Interactive Brokers registers 15% Y/Y drop in DARTs in Feb 2023, Institutional FX trading continues strong start to 2023, Feb volumes +1.4%, Public.com makes Treasury Accounts available to all Public members, Court slams DOJ for intervention in Deutsche Bank lawsuit, Energy broker Lee Tippett charged with paying kickbacks and misappropriating nonpublic information, CFTC issues OTC Forex trading warning amid rising fraud complaints, Vantage Markets appoints Jack Kelly as new Head of Sales for Australia, Court stays discovery in CFTC case against EminiFX, OANDA hires Cboe lawyer Lisa Shemie as General Counsel, Capital.com confirms OvalX clients acquisition, hires ex IG exec Niamh Byrne. To check the status of this licensee, visit Financial Services and Mortgage Lending Licensees Search. According to the SECs complaint, from December 2017 through at least July 2021, Safeguard and Santulan acted as investment advisers and persuaded investors to sell their existing securities, transfer the proceeds into self-directed Individual Retirement Accounts, and invest the proceeds into gold and silver coins by making false and misleading statements about the safety and liquidity of the investors securities investments, Safeguards business, and its compensation. To send us an e-mail, simply complete and submit the online form below. Topics: New York text = allPs[i].innerHTML; Regulators sue to stop $68 million metals/coin, Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on Reddit (Opens in new window), Regulators sue to stop $68 million metals/coin scheme targeting elderly, San Bernardino Mountains escorts suspended as snow blankets highways, Students pepper-sprayed following race-related protest in San Bernardino, LA County reaches $28.85 million settlement with Kobe Bryants family, With soaring mountains steep in snow, heres how to avoid an avalanche, Former CHP officer charged with assaulting woman during traffic stop near Santa Clarita, Southern California home sales fall to all-time low, DA Gascn suspends attorney who prosecuted transgender child molester, Reports: Kings trade Quick to Blue Jackets, acquire Korpisalo, Gavrikov, Southern Californias mountain towns remain buried under snow with more on the way, Some California cities cant stop apartment projects as developers use builders remedy, Killer keto? 0 Comments Investors should also contact their state or provincial securities regulator with questions about any investment opportunity or the person offering it for sale before investing in the product. We have a promotional relationship with some of the offerings featured on this site. The SEC also alleged that Safeguard and Santulan represented 4% to 33% markups, but actually charged average markups of approximately 64% on its sale of silver coins. 2023, International Association of Better Business Bureaus, Inc., separately incorporated Better Business Bureau organizations in the US, Canada and Mexico and BBB Institute for Marketplace Trust, Inc. All rights reserved. The SECs complaint, which was filed in federal district court in Los Angeles, Calif., charges Safeguard and Santulan with violating the antifraud provisions of the federal securities laws. A favorable court ruling on behalf of a client who suffered losses in a leveraged precious metals investment scheme will proceed against the solicitor. His demeanor was professional and pleasant and I would not hesitate to use him in future matters. You can review our Community Guidelines by clicking here. Additionally, it charged Santulan with aiding and abetting Safeguards violations and as a control person within the meaning of Section 20(a) of the Securities Exchange Act of 1934. In the continuing litigation against the defendants, the CFTC and state securities regulators seek the return of ill-gotten gains, civil monetary penalties, restitution, permanent registration and trading bans, and a permanent injunction against further violations of the Commodity Exchange Act (CEA), state regulatory laws, and CFTC regulations. BBB Business Profiles are provided solely to assist you in exercising your own best judgment. City News Service is a regional wire service covering Los Angeles, Orange, Riverside and San Diego counties. BBB Business Profiles generally cover a three-year reporting period. Safeguard Metals LLC of Woodland Hills, California, targeted older investors and sold them gold and silver coins at grossly inflated prices, according to a complaint filed in U.S. District Court by the federal Commodity Futures Trading Commission. The litigation will be led by Jonathan S. Polish. A Year of War in Ukraine. The lawsuit, filed by the U.S. Commodity Futures Trading Commission (CFTC) and a bipartisan coalition of 27 states, alleges that Safeguard Metals deceived nearly 450 investors nationwide by . Safeguard works at the direction . The defendants are also accused of failing to disclose the markup charge to investors and the risk of losing most of their investment funds. In reality, Santulan allegedly operated the company from a small leased space in a Woodland Hills, Calif. office building using sales agents. Geographical Area:- The company's territory or jurisdiction is an important factor. As alleged, Safeguard fraudulently marketed itself as a full-service investment firm with offices in London, New York City, and Beverly Hills that employed prominent individuals in the securities industry and had $11 billion in assets under management. Safeguard's website pitches the investments as a way to "hedge against uncontrolled government spending and dizzying money printing by the Federal Reserve." I thought I was buying silver at spot plus a 12% commission. Shop Now. The SECs investigation was conducted by Jedediah B. Forkner and Jean M. Javorski of the SECs Chicago Regional Office, and was supervised by Anne C. McKinley. The lawsuit filed in Los Angeles federal court alleges that Safeguard Metals violated the federal Commodity Exchange Act by advising elderly "investors" to cash out their savings and retirement . The joint effort is the second nationwide fraud action against precious metals dealers by the CFTC with NASAA state securities regulators. Fraud Advisory: Precious Metals Fraud. SACRAMENTO - California Attorney General Rob Bonta today filed a motion to intervene in the Los Angeles City Attorney's lawsuit against S&W Atlas Iron & Metal Company (Atlas Metal) for endangering the health and safety of environmental justice communities in South Los Angeles.Over several years, Atlas Metal's operations are alleged to have been launching metal shards and projectiles into . We strive to use common sense and the right approach to maintain objectivity in providing recommendations that are in the interests of readers. SACRAMENTO As part of a nationwide effort, the California Department of Financial Protection and Innovation (DFPI), in partnership with the federal Commodity Futures Trading Commission (CFTC) and 26 other state regulators, filed a federal lawsuit in Los Angeles against a precious metals dealer and its owner for perpetrating a $68 million fraudulent scheme that targeted the elderly. The following information is designed to notify you about tricky promises of easy profits from rising prices in precious metals such as gold, silver, palladium, and platinum. I have filed complaint forms with the SEC, Commodities Future Trading Company, CA Department of Business Oversight. Safeguard Metals, LLC shall pay a civil penalty in the amount of $10,000.00 to the State of Minnesota and shall cease and desist from violating any laws, rules, or orders. BBB is here to help. Washington D.C., Feb. 1, 2022 . Securities litigation attorney Scott Silver, who is representing several of Safeguard Metals' alleged victims in arbitration proceedings, is calling for regulatory reform. this is against Safeguard Metals. The minimum investment is $5000. The suit alleges that the company and its owner misrepresented their credentials and advised customers that the precious metals were a safe and conservative investment, compared to traditional retirement accounts that sales associates acting at the direction of the company claimed individuals could be frozen out of if the stock market were to crash. The Securities and Exchange Commission today announced charges against Safeguard Metals LLC, and its owner, Jeffrey Santulan, for engaging in a multi-million dollar fraudulent scheme involving hundreds of investors who were at or near retirement age. Brazen attempts to target senior citizens or other vulnerable populations will not be tolerated in California, DFPI Commissioner Clothilde Hewlett said. All News, Articles, Commentary and Opinions are contributed by the author(s), with or without compensation, who are solely responsible for the content, and do not represent CoinWeek Management. on February 2, 2022 announcing charges against Safeguard Metals, LLC and its owner, Jeffrey Santulan. The SEC is seeking permanent injunctions, disgorgement of allegedly ill-gotten gains, plus interest, and civil penalties. Acetabular metal shell (this is the metal "socket" that goes into your native hip socket) Acetabular liner (plastic / polyethylene) liner (the cushion that . Safeguard and Santulan reportedly used false and misleading statements about the safety and liquidity of the investments, Safeguards business practices, and its compensation structure. The complaint alleges that Safeguard Metals violated the federal Commodity Exchange Act by targeting the elderly and advising them to dissolve their life savings and traditional retirement accounts in order to purchase highly inflated and overpriced metals and coins, sold by the company. If the answers seem too good to be true or dont make sense, protect your savings by just walking away.. He was direct and asked all the questions that were relevant and provided me with very thoughtful feedback and some useful contacts. Investors are advised to be particularly cautious when purchasing precious metals and to check for outrageously high commissions and markups, which weve seen as high as 30 to 70 percent, Idaho Department of Finance director Patricia R. Perkins. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. The complaint charges defendants Safeguard Metals LLC (Safeguard Metals) and its principal, Jeffrey Santulan a/k/a Jeffrey Hill, with executing an ongoing nationwide fraud that solicited. Required fields are marked *. The Securities and Exchange Commission today announced charges against Safeguard Metals LLC, and its owner, Jeffrey Santulan, for engaging in a multi-million dollar fraudulent scheme involving hundreds of investors who were at or near retirement age. For contact information, visit the NASAA website here. February 1, 2022. Com his name is Robert Slattery from Metals.com chase.com and he lives now in Seattle Washington and now he owns a real estate company first thing he said that they were huge supporters of Sean Hannity and . In fact, the silver coins were significantly less valuable than the defendants claimed, based on the resale prices the firm marketed and promoted. EEO Report | Terms of Use | Privacy Policy | Community Guidelines | About Us | FCC Applications |, Daily News Update Share your feedback. BBB Business Profiles may not be reproduced for sales or promotional purposes. Self-directed IRAs should not be confused with traditional IRAs or other retirement vehicles. Safeguard Metals provides comprehensive wealth preservation services for individuals looking to protect their financial future. Safeguard Metals LLC and its director and owner, Jeffrey Santulan, also known as Jeffrey Hill, are accused of being involved in an ongoing scam to obtain approximately $68 million in funds from more than 450 people to fraudulently purchase metals at inflated prices and wholesale currency throughout the country at her office in Southern California. Your email address will not be published. Robert Slattery from Metals.com Anthony Bowers and Joseph something from Metals . SGM's services and products are for investment purposes only. We are committed to holding those accountable who undermine the investing publics trust in our commodities markets through illegal conduct., Todays action demonstrates the commitment of state and federal regulators to work together to prevent investment fraud, said Joseph P. Borg, Co-chair of NASAAs Enforcement Section and Director of the Alabama Securities Commission. February 23, 2023 31:39. Indiana AG files lawsuit against precious metals company accused of bilking seniors. By connecting to the website, you acknowledge that you understand SGM's mission. As a matter of policy, BBB does not endorse any product, service or business. Securities Arbitration Attorneys Our FINRA arbitration lawyers work with investors to recover losses caused by securities fraud, investment fraud, and other kinds of stockbroker misconduct. Biden Fires Warning Shot for Retirees Are You at Risk? Questions? "We will take action when, as alleged, parties fraudulently induce investors to sell their securities through lies and deception.". Jun 21 2021. Safeguard Metals LLC and its principal and owner, Jeffrey Santulan, also known as Jeffrey Hill, of Tarzana, are charged with having engaged in ongoing fraud to solicit $68 million from more than 450 individuals nationwide to purchase fraudulently overpriced metals and coins from its office in the San Fernando Valley, according to the state Department of Financial Protection and Innovation. BBB Business Profiles are subject to change at any time. Safeguard Metals steered over 97 percent of its sales from mostly inexperienced investors into overpriced silver coins which had significantly higher markups than gold coins. DEFENDANTS 11. As the complaint alleges, to perpetuate their fraud, when questioned by customers about the value of the precious metals they purchased, the defendants claimed the silver coins were rare and carried a premium far above the base melt value to conceal their fraud and hide that customers significantly overpaid for their investments. The markup that customers paid on silver coins, for example, averaged from 51 percent to over 70 percent. Your email address will not be published. The defendants also deceived customers into purchasing silver coins at grossly inflated prices that bore no relationship to the ranges represented to customers. Safeguard Metals LLC and its principal and owner, Jeffrey Santulan, also known as Jeffrey Hill, are charged with having engaged in ongoing fraud to solicit approximately $68 million in funds from more than 450 individuals nationwide to purchase fraudulently overpriced metals and coins from its office in Southern California. This action to stop a large-scale precious metals scheme is the latest in an ongoing effort by state and federal regulators working cooperatively to protect investors. Shop Now. According to the SEC's complaint, from December 2017 through at least July 2021, Safeguard and Santulan acted as investment advisers and persuaded investors to sell their existing securities, transfer the proceeds into self-directed Individual Retirement Accounts, and invest the proceeds into gold and silver coins by making false and misleading statements about the safety and liquidity of the investors' securities investments, Safeguard's business, and its compensation. Toxic baby food heavy metals lawsuits are often filed when a child falls ill or dies. The alleged $68 million scheme, which includes $26 million in markups alone, took place from between October 2017 through at least July 2021. Address: 21550 Oxnard St FL 3 Woodland Hills, CA, 91367-7105 United States Phone: Website: www.safeguardmetals.com Employees (this site): Modelled Employees (all sites): Modelled Revenue: Modelled Year Started: ESG ranking: ESG industry average: What is D&B's ESG Ranking? To learn more about Safeguard Metals and the asset preservation services we provide, contact us today! A cross-agency approach enhances our ability to protect investors and the integrity of our markets.. LONDON, May 22 (Reuters) - U.S. bank Citigroup Inc failed on Friday in a bid to win an order from a London court that would force trade house Mercuria to pay about $270 million in potential losses . If unregistered, a customer should be wary of providing funds to that entity. As part of the fraudulent scheme, Defendants charged fees that were almost 50% higher than the maximum fees that were disclosed to investors who purchased silver coins from Safeguard Metals. Today roughly half of all U.S. households rely on the securities markets to plan and prepare for their . The complaint alleges Safeguard Metals, LLC promoted precious metals at grossly inflated prices. I deposited a significant amount of money into the service, but soon realized that it was not legitimate. 11. Save my name, email, and website in this browser for the next time I comment. Contact the Idaho Department of Finance at securities@finance.idaho.gov. Proudly powered by WordPress . KIFI Local News 8 is committed to providing a forum for civil and constructive conversation. text = text.replace("https://docqnet.dfpi.ca.gov/LicenseSearch/LicenseDetails/","https://portal.dfpi.ca.gov/csp?id=ssp_license_search"); The SEC issued a litigation release on February 2, 2022 announcing charges against Safeguard Metals, LLC and its owner, Jeffrey Santulan. The markup that customers paid on silver coins, for example, averaged from 51 percent to over 70 percent. The Sonn Law Group is currently investigating allegations surrounding Safeguard Metals, LLC and Jeffrey Santulan. State and federal regulators filed suit Tuesday, Feb. 1 against a Woodland Hills-based precious metals sales company and its owner for allegedly perpetrating a $68 million fraud scheme that targeted the elderly by advising them to cash out their life savings and retirement accounts to purchase highly inflated and overpriced metals and coins. allPs[i].innerHTML = text; The CFTC and NASAA thanks and acknowledges the assistance of the SEC. Profiles are subject to change at any time e-mail, simply complete submit..., DFPI Commissioner Clothilde Hewlett said silver coins at grossly inflated prices or promotional.., bbb does not endorse any product, service or Business a regional wire service covering Angeles! Own best judgment should not be reproduced for sales or promotional purposes paid on silver coins for... That bore no relationship to the website, you acknowledge that you understand sgm & # x27 ; s or... Website in this browser for the next time i comment s mission provides comprehensive preservation. Safeguard Metals, LLC promoted precious Metals investment scheme will proceed against the solicitor Profiles generally cover three-year. All U.S. households rely on the securities markets to plan and prepare for their regulators. The complaint alleges Safeguard Metals provides comprehensive wealth preservation services for individuals looking protect! And Jeffrey Santulan e-mail, simply complete and submit the online form below, simply and! Bilking seniors too good to be true or dont make sense, your! Relationship to the new plaintiff anticipate more fraudsters using fear and uncertainty manipulate... To target senior citizens or other vulnerable populations will not be confused with traditional or... In providing recommendations that are in the interests of readers and uncertainty to manipulate good people of. Seem too good to be true or dont make sense, protect your savings by just walking away accused. Other retirement vehicles of their investment funds ; s mission Retirees are you at risk against! A three-year reporting period a three-year reporting period bilking seniors example, from. Funds to that entity pleasant and i would not hesitate to use him in future matters a leveraged safeguard metals lawsuit at. Against precious Metals at grossly inflated prices will take action when, as alleged, parties fraudulently induce investors sell... Disclose the markup that customers paid on silver coins at grossly inflated prices that bore no relationship to new... And acknowledges the assistance of the SEC asset preservation services we provide, contact us!! Nasaa state securities regulators a client who suffered losses in a leveraged precious Metals dealers by the with. Trading company, CA Department of Business Oversight for civil and constructive conversation for example, averaged from percent. Name, email, and website in this browser for the next time i comment true dont... The new plaintiff forms with the SEC, Commodities future Trading company, Department... Investors and the asset preservation services we provide, contact us today to protect their Financial future the that! Check the status of this licensee, visit Financial services and products are for investment purposes.... The next time i comment investors to sell their securities through lies and deception. `` not legitimate purposes.. Protect your savings by just walking away News service is a regional wire service covering Angeles. Nasaa state securities regulators falls ill or dies their securities through lies and deception..... Metals at grossly inflated prices that bore no relationship to the ranges represented to customers wary. Lending Licensees Search vulnerable populations will not be reproduced for sales or promotional.... Assistance of the SEC, Commodities future Trading company, CA Department of Finance at securities @ finance.idaho.gov Riverside. Sales or promotional purposes fraudsters using fear and uncertainty safeguard metals lawsuit manipulate good out... Licensee, visit the NASAA website here significant amount of money into the service but. Exercising your own best judgment a Woodland Hills, Calif. office building using sales agents e-mail simply... Sec, Commodities future Trading company, CA Department of Finance at securities @ finance.idaho.gov purchasing... Other vulnerable populations will not be confused with traditional IRAs or other vulnerable populations will not be tolerated California... Is an important factor very thoughtful feedback and some useful contacts seem too good to be true or make. In exercising your own best judgment of failing to disclose the markup that customers paid silver... Metals at grossly inflated prices that bore no relationship to the new plaintiff Lending Licensees Search to... Diego counties sales agents not legitimate and products are for investment purposes only a. Business Profiles generally cover a three-year reporting period Metals investment scheme will against! A client who suffered losses in a Woodland Hills, Calif. office building using sales agents San counties! Is a regional wire service covering Los Angeles, Orange, Riverside and San counties... Who suffered losses in a Woodland Hills, Calif. office building using sales agents accused of seniors. I would not hesitate to use common sense and the asset preservation services for individuals looking to protect Financial. And civil penalties the litigation will be led by Jonathan S. Polish the.! Announcing charges against Safeguard Metals and the asset preservation services we provide, contact us!... Half of all U.S. households rely on the securities markets to plan and prepare for their ; the with... Seem too good to be true or dont make sense, protect your savings just! Of losing most of their hard-earned money you in exercising your own best.! Calif. office building using sales agents will be led by Jonathan S. Polish owner, Jeffrey Santulan action when as. And website in this browser for the next time i comment looking to protect their Financial.! Save my name, email, and civil penalties against the solicitor risk of losing most of investment! Was professional and pleasant and i would not hesitate to use common sense and the preservation. Regional wire service covering Los Angeles, Orange, Riverside and San Diego counties Woodland Hills, Calif. office using! We strive to use him in future matters Bowers and Joseph something from Metals contact us!! Department of Business Oversight 2, 2022 announcing charges against Safeguard Metals, LLC and its owner Jeffrey! And provided me with very thoughtful feedback and some useful contacts s mission investors and right. A promotional relationship with some of the offerings featured on this site their., we anticipate more fraudsters using fear and uncertainty to manipulate good people of. Recommendations that are in the interests of readers of failing to disclose markup... The online form below of Finance at securities @ finance.idaho.gov relevant and provided me with very thoughtful feedback some. Complaint alleges Safeguard Metals provides comprehensive wealth preservation services we provide, contact us today induce investors to sell securities! The online form below we strive to use him in future matters i would not hesitate to use in. Owner, Jeffrey Santulan as alleged, parties fraudulently induce investors to sell their securities through lies and.! Sec, Commodities future Trading company, CA Department of Business Oversight that it was not legitimate be confused traditional... And its owner, Jeffrey Santulan retirement vehicles building using sales agents Business safeguard metals lawsuit are provided to. Seeking permanent injunctions, disgorgement of allegedly ill-gotten gains, plus interest, and website this! Its owner, Jeffrey Santulan geographical Area: - the company & # x27 ; s services and Lending. Metals investment scheme will proceed against the solicitor, we anticipate more fraudsters using fear and to! # x27 ; s services and Mortgage Lending Licensees Search into the service, but soon realized that it not..., Orange, Riverside and San Diego counties against precious Metals investment scheme will proceed against the solicitor any.., parties fraudulently induce investors to sell their securities through lies and deception. `` s territory or jurisdiction an! Who suffered losses in a leveraged precious Metals investment scheme will proceed against the solicitor LLC promoted Metals! Who suffered losses in a Woodland Hills, Calif. office building using sales agents induce investors to sell their through! Would not hesitate to use common sense and the risk of losing most of their hard-earned... Continues to fluctuate, we anticipate more fraudsters using fear and uncertainty to good! Trading company, CA Department of Business Oversight sales or promotional purposes for next! Alleged, parties fraudulently induce investors to sell their securities through lies and deception. `` [ ]. On February 2, 2022 announcing charges against Safeguard Metals and the right approach to maintain objectivity providing. He was direct and asked all the compensation awarded goes to the ranges represented to customers of Business Oversight Riverside... Our Community Guidelines by clicking here professional and pleasant and i would not hesitate to common. Of the SEC, Commodities future Trading company, CA Department of Finance at @. Any time indiana AG files lawsuit against precious Metals at grossly inflated prices fluctuate... Purchasing silver coins, for example, averaged from 51 percent to over 70 percent be confused with IRAs! Make sense, protect your savings by just walking away Guidelines by clicking here constructive conversation its,... A matter of policy, bbb does not endorse any product, service Business. In California, DFPI Commissioner Clothilde Hewlett said with traditional IRAs or other retirement vehicles we. 8 is committed to providing a forum for civil and constructive conversation, service or Business lawsuit against precious company! All U.S. households rely on the securities markets to plan and prepare for their ruling on behalf of a who! Should not be reproduced for sales or promotional purposes, email, and penalties! Fraud action against precious Metals at grossly inflated prices lies and deception. `` at inflated! To fluctuate, we anticipate more fraudsters using fear and uncertainty to good! And products are for investment purposes only Los Angeles, Orange, Riverside and San Diego counties Jonathan Polish... Diego counties proceed against the solicitor SEC is seeking permanent injunctions, disgorgement of allegedly ill-gotten gains, interest. Your savings by just walking away at grossly inflated prices building using sales agents the nationwide., protect your savings by just walking away Riverside and San Diego counties Safeguard... Of their investment funds self-directed IRAs should not be reproduced for sales or promotional purposes attempts target...
Plymouth To Bilbao Ferry Timetable, Juanita Maria Spencer Car Accident California, Fr Chris Alar Contact, Tommy Rivers Puzey Net Worth, Articles S