Elemetal is a Dallas, Texas-based corporation with many subsidiaries which smelt, refine and trade gold.
In March 2017, Juan P. Granda a former employee of NTR Metals, Miami was charged with buying gold from illegal mines in Peru.
[1] In January 2018; Samer H. Barrage, Renato J. Rodriguez, and Juan P. Granda; three former employees of the now-defunct Florida-based NTR Metals Miami, were jailed for six years after they pleaded guilty to money-laundering.
[2] In March 2018, Elemetal pleaded guilty in the Southern District of Florida to "failure to maintain an adequate anti-money laundering program", a violation of the Bank Secrecy Act.
[4] In April 2019, Republic Metals Corporation "executed a non-prosecution agreement" with the USDA in the ongoing Operation Arch Stanton[5] investigation which had ensnared the three former employees of the now-defunct NTR Metals Miami.