Lawyers for alleged gold-scam victims seek involuntary bankruptcy for California firm

Lawyers representing dozens of plaintiffs who claim they were swindled out of their retirement savings by a now defunct Los Angeles gold investor are trying to push the alleged scammers into federal bankruptcy to speed up any recovery.

According to a U.S. Bankruptcy Court filing late last month, 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.

The plaintiffs’...