ARIZONA NEWS

Owner of Scottsdale gold and silver investment company wanted for fraud

Jan 13, 2022, 11:00 AM | Updated: 1:47 pm
Mike Rowlands, owner of Scottsdale Gold & Silver. (Silent Witness)...
Mike Rowlands, owner of Scottsdale Gold & Silver. (Silent Witness)
(Silent Witness)

PHOENIX – Police are trying to locate the owner of a Scottsdale precious metals investment company who’s been accused of fraud.

Michael “Mike” Kent Rowlands, 41, owner of Scottsdale Gold & Silver, “is wanted for fraudulent schemes targeting elderly victims’ retirement accounts,” the Phoenix Police Department said in a press release Thursday.

According to Google search results, the business had an office near Scottsdale Road and Greenway Parkway that is now closed.

A one-star Google review posted a year ago noted that the company’s website and Facebook page were gone. Another alleged that Rowlands stole $30,000 from a retirement account and hadn’t responded to calls or messages for months.

Rowlands is 6 feet, 4 inches tall and weighs 310 pounds, with brown hair and brown eyes. He was last known to be in the Phoenix area, police said.

Local media outlets have used Rowlands as an investment expert. The Scottsdale Gold & Silver YouTube page, which was still active as of Thursday morning, is filled with clips of his media appearances, most recently from 2017.

Anybody with information about Rowlands’ whereabouts was asked to call the Phoenix Police Department at 602-262-6151 or Silent Witness at 480-WITNESS (948-6377) or 480-TESTIGO (837-8446) for Spanish.

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Owner of Scottsdale gold and silver investment company wanted for fraud