Crime and Fraud

CoinWeek News Wire for June 24, 2016

CoinWeek News Wire for June 24, 2016

By Coinweek ….   CoinWeek News Wire for June 24, 2016 The Brexit 1.) EU referendum explained: Brexit for non-Brits 2.) After Brexit, Europe faces an existential crisis Britain’s decision to quit the EU is a seismic moment for Europe because it points to the inescapable reality that a new national politics – whose angry […]

By June 24, 2016 0 Comments Read More →
Bullion & Precious Metals – CFTC: Harvard Assets LLC to Pay More than $2.4 Million in Penalties

Bullion & Precious Metals – CFTC: Harvard Assets LLC to Pay More than $2.4 Million in Penalties

Federal Court Orders Florida Resident Todd Owen Marshall and His Companies Harvard Assets LLC, London Assets Inc., and Harvard International Trading, Inc. to Pay More than $2.4 Million Total for Engaging in Illegal, Off-Exchange Precious Metals Transactions and Registration Violations By Commodity Futures Trading Commission ….   On June 20, the U.S. Commodity Futures Trading […]

By June 21, 2016 0 Comments Read More →
CoinWeek News Wire for June 17, 2016

CoinWeek News Wire for June 17, 2016

By Coinweek ….   CoinWeek News Wire for June 17, 2016 Brain Food 1.) Look closely at your change Another day she was picking up some hamburgers at a fast food restaurant, reached into her purse for change and noticed another euro. The attendant told her they have been getting a lot of them lately […]

By June 17, 2016 0 Comments Read More →
Numismatic Crime Prevention – “Think Like a Thief” ANA Summer Seminar

Numismatic Crime Prevention – “Think Like a Thief” ANA Summer Seminar

Dealers and Collectors interested in personal and business protection should consider attending the “Think Like A Thief ” ANA Summer Seminar. A specialized custom security course is being offered at the American Numismatic Association’s (ANA) Summer Seminar in Colorado Springs, Colorado. The four-day “Think Like a Thief” course begins on Sunday, June 19 at 9am […]

Positive Protection Guard Tackles Suspected Coin Thief In Long Beach – Dramatic Video

Positive Protection Guard Tackles Suspected Coin Thief In Long Beach – Dramatic Video

By Positive Protection, Inc. …..   A suspected thief was tackled by a Positive Protection, Inc. security guard as the suspect tried to escape at the Long Beach Coin, Currency, Stamp & Sports Collectible Expo on Friday, June 10, 2016. An alleged accomplice with a backpack containing more than US$300,000 of rare coins was also […]

By June 12, 2016 2 Comments Read More →
Bullion & Precious Metals – CFTC Charges Florida-Based Berkley Companies with $2.7 Million in Fraud

Bullion & Precious Metals – CFTC Charges Florida-Based Berkley Companies with $2.7 Million in Fraud

Massachusetts Resident Jeffrey Slemmer, Florida Residents Christian Dorrian and Adam Roth, and Their Florida-Based Companies Charged with Fraud, Engaging in Illegal, Off-Exchange Precious Metals Transactions, and Registration Violations By Commodity Futures Trading Commission ….   On June 7, the U.S. Commodity Futures Trading Commission (CFTC) announced that it filed a civil enforcement action in the […]

Cypress Wealth Management Group, Inc. to Pay in Precious Metals Enforcement Action

Cypress Wealth Management Group, Inc. to Pay in Precious Metals Enforcement Action

Order Also Permanently Bars Respondents from Trading on CFTC-Regulated Markets By Commodity Futures Trading Commission ….   The U.S. Commodity Futures Trading Commission (CFTC) today filed an Order instituting proceedings and settling charges against Respondents Cypress Wealth Management, Inc. (Cypress), and its former owners and operators, Ted L. Romeo of Pompano Beach, Florida, and Richard […]

CoinWeek News Wire for May 27, 2016

CoinWeek News Wire for May 27, 2016

By Coinweek ….   CoinWeek News Wire for May 27, 2016 Brain Food 1.) There is help for stranded currency Did you recently arrive home from abroad with foreign bills and coins in your pocket? If so, they need not sit around your home for the rest of your life as a reminder of unspent […]

CoinWeek News Wire for May 20, 2016

CoinWeek News Wire for May 20, 2016

Brain Food 1.) From jagged edges to flowers: the origins of currencies The dollar is one of the most common currencies in the world used by the US, Australia, Canada, Fiji, New Zealand, and Singapore to name a few. The origin of the dollar, also the Slovenian tolar, is from a coin called the Joachimsthaler, […]

Gold & Silver PAC May 2016 e-Newsletter

Gold & Silver PAC May 2016 e-Newsletter

By Scott Barman for the Gold & Silver Political Action Committee …..   From the Political Coordinator This past month, I had the opportunity to visit Capitol Hill. Rather than speaking with the members, staffers, and other policy wonks, I had the opportunity to sit with old friends who work in the agencies that supports […]

CoinWeek News Wire for May 14, 2016

CoinWeek News Wire for May 14, 2016

By Coinweek ….   Brain Food 1.) What Does a Girl Have to Do to Get on a Banknote? They feature portraits of the Founding Fathers and former presidents, monuments and places of interest, the banknotes of different countries, however rarely, feature women. And with the recent US announcement to put the image of a […]

Counterfeit Coin Detection – Fake $5 Indian Lacks Details

Counterfeit Coin Detection – Fake $5 Indian Lacks Details

Reverse of a Denver Mint Indian Half Eagle By  Numismatic Guaranty Corporation ……   The missing details on this $5 Indian reveal it to be counterfeit. One common technique used by authenticators is to assess a coin’s level of detail. This can be done simply by visual inspection with the aid of a low-power magnifier. […]

Consumer Alert – Use Caution to Avoid Gold, Silver Counterfeits Advises Professional Numismatists Guild

Consumer Alert – Use Caution to Avoid Gold, Silver Counterfeits Advises Professional Numismatists Guild

Beware of counterfeit vintage rare coins and fake modern gold and silver bullion items now being offered in the marketplace. Purchase only from reputable dealers, cautions the Professional Numismatists Guild (PNG). The PNG is a nonprofit organization composed of many of the country’s top numismatic experts. Counterfeit 2012-dated American Eagle $50 denomination one-ounce gold bullion […]

Numismatic Crime – NCIC Weekly Bulletin, April 28

Numismatic Crime – NCIC Weekly Bulletin, April 28

News and Alerts Concerning Numismatic Crime for the Month of April By Numismatic Crime Information Center ……   Vehicle Burglarized Below is a list of US coins and paper money stolen from Dick August after leaving a coin show in Westford, Massachusetts on April 24, 2016. Mr. August stopped a short distance from the show […]

By April 30, 2016 0 Comments Read More →
U.S. Mint News – United States Extends Suspension of Coin Exchange Program

U.S. Mint News – United States Extends Suspension of Coin Exchange Program

Under the authority of 31 U.S.C. 5120, the United States Mint established a program by which people and businesses could exchange bent and partial coins for reimbursement. Fused or mixed coins cannot be redeemed by the United States Mint. On November 2, 2015, the United States Mint suspended the exchange program for a period of […]

By April 29, 2016 0 Comments Read More →
Wealthy Max Ltd – FormerFeds Group Issues Mutilated Coin Redemption Program White Paper

Wealthy Max Ltd – FormerFeds Group Issues Mutilated Coin Redemption Program White Paper

Recommends U.S. Mint Require Tougher Compliance Program for Coin Redeemers By FormerFeds Group, LLC …….   The FormerFeds Group, LLC today announced the release of its White Paper on the U.S. Mint’s Mutilated Coin Redemption Program including recommendations to improve coin redemption procedures. This program was suspended by the Department of the Treasury in November […]

By April 27, 2016 0 Comments Read More →
Wealthy Max Opens Up to Redeem Name

Wealthy Max Opens Up to Redeem Name

By Joshua McMorrow-Hernandez for Coinweek …….   Recycling firm Wealthy Max Ltd is hoping to save face with a transparency program following a controversy that spelled massive fines and civil proceedings for the company, which has links to China. The firm, which submitted tons of coins to the United States Mint’s Mutilated Coin Redemption Program, […]

Paper Money – Whatever Happened to North Korean Counterfeit U.S. $100 Bills?

Paper Money – Whatever Happened to North Korean Counterfeit U.S. $100 Bills?

By Joshua McMorrow-Hernandez for Coinweek …….   A long-running counterfeit currency saga, one that originated in North Korea during the 1970s and affected countless people in many nations around the world, seems to have ended. Or has it? Over the course of a few decades, millions of dollars in counterfeit U.S. $50 and $100 bills […]

Counterfeit Gold – Beware of Fake PAMP Gold Bars

Counterfeit Gold – Beware of Fake PAMP Gold Bars

By Everett Millman – Gainesville Coins ……….   A new wave of counterfeit PAMP Suisse gold bars are making the rounds. These new fakes show much better quality than earlier attempts, especially with the packaging. Previous fake PAMP gold bars have been easily detected when compared to the real thing (see image, below). These new […]

Brink’s Manager Steals Almost $200,000 in Quarters from Federal Reserve

Brink’s Manager Steals Almost $200,000 in Quarters from Federal Reserve

By Hubert Walker for CoinWeek ….   Never take the Federal Reserve’s lunch money. That’s the message 49-year-old Stephen Lancaster Dennis received on Monday, March 7, 2016 as he reached a plea agreement in federal court for the theft of 784,000 quarters ($196,000) from a Brink’s location in Birmingham, Alabama in 2014. At the time […]

By March 9, 2016 0 Comments Read More →
North American Asset Management Charged with Off-Exchange Precious Metals Transactions

North American Asset Management Charged with Off-Exchange Precious Metals Transactions

By Commodity Futures Trading Commission….   The U.S. Commodity Futures Trading Commission (CFTC) announced the filing of a civil injunctive enforcement action in the U.S. District Court for the Southern District of Florida against Defendants North American Asset Management, LLC (NAAM) of Fort Lauderdale, Florida; its owner and president Alexi Bethel of Miami, Florida; and […]

By February 23, 2016 1 Comments Read More →
Federal Judge Sentences Coin, Precious Metals Dealer Hannes Tulving in $15 Million Fraud Case

Federal Judge Sentences Coin, Precious Metals Dealer Hannes Tulving in $15 Million Fraud Case

By United States Attorney’s Office – Western District of North Carolina …..   A coin and precious metals dealer and his company responsible for defrauding more than 380 customers of over $15 million were sentenced in federal court late Wednesday, February 17, 2016, announced Jill Westmoreland Rose, U.S. Attorney for the Western District of North […]

By February 22, 2016 0 Comments Read More →
Increase In Gold Price May Increase Gold Scams, Cautions Michael Fuljenz

Increase In Gold Price May Increase Gold Scams, Cautions Michael Fuljenz

There are five things you must know about buying and selling gold to avoid paying too much or receiving too little, advises Universal Coin & Bullion President Michael Fuljenz, a member of the Professional Numismatists Guild’s Accredited Precious Metals Dealer program. The recent increase in the price of gold may increase the chances of unwary […]

By February 22, 2016 0 Comments Read More →
Counterfeit Banknotes – The Story of  Czeslaw Bojarski

Counterfeit Banknotes – The Story of Czeslaw Bojarski

By Ethan Bickford, PMG Researcher ……..   One of the most successful makers of counterfeit banknotes of the 20th century was Czeslaw Bojarski and he preferred to work alone. We have many prefabricated images in our heads of counterfeit banknote operations; massive mafia printing operations in some dingy cellar in the city, massive rogue government […]

Federal Court Orders Florida Couple to Pay Almost $3 Million for Illegal Precious Metals Scheme

Federal Court Orders Florida Couple to Pay Almost $3 Million for Illegal Precious Metals Scheme

Cindy and Paul Vandivier also Charged with Misappropriating Virtually All Customer Funds, Using the Money for Office and Personal Expenses By Commodity Futures Trading Commission….   The U.S. Commodity Futures Trading Commission (CFTC) obtained a federal court Consent Order imposing a permanent injunction against CFTC Defendants Cindy Vandivier and Paul Vandivier of Coconut Creek, Florida. […]

By February 16, 2016 0 Comments Read More →
Worth Group to Pay $2.5 Million in Sanctions for Illegal Precious Metals Scheme

Worth Group to Pay $2.5 Million in Sanctions for Illegal Precious Metals Scheme

Defendants Ordered to Comply with the Law of the Eleventh Circuit for all Financed Transactions and Show Delivery of Physical Metal to the Customer or the Customer’s Depository Results within 28 Days By Commodity Futures Trading Commission….   On Thursday, February 4, the U.S. Commodity Futures Trading Commission (CFTC) announced today that the U.S. District […]

By February 9, 2016 0 Comments Read More →
Oakmont Financial Charged with Illegal Precious Metals Transactions

Oakmont Financial Charged with Illegal Precious Metals Transactions

By Commodity Futures Trading Commission….   The U.S. Commodity Futures Trading Commission (CFTC) filed a civil injunctive enforcement action in the U.S. District Court for the Southern District of Florida against Defendants Oakmont Financial, Inc. (Oakmont) of Boynton Beach, Florida, and Joseph Charles DiCrisci of New York, New York, an Oakmont owner and principal. The […]

By February 4, 2016 0 Comments Read More →
Euro Banknote Counterfeiting Declines Slightly 2nd Half 2015

Euro Banknote Counterfeiting Declines Slightly 2nd Half 2015

By European Central Bank….   445,000 counterfeit euro banknotes were withdrawn from circulation in the second half of 2015. 83% of the counterfeits were €20 and €50 banknotes. Some 445,000 counterfeit euro banknotes were withdrawn from circulation in the second half of 2015, two percent fewer than in the first half of the year, the […]

By January 22, 2016 0 Comments Read More →
2015 Coin Shop Murders Add to a Long List of Tragic Ends for the Hobby

2015 Coin Shop Murders Add to a Long List of Tragic Ends for the Hobby

By Pete Smith ……..   Any robbery and murder of a coin shop owner will catch the attention of other dealers and their customers. Sometimes the story of these cases reaches the national media. In 2015 it was troubling news when four coin dealers were killed during robberies in the last six months of the […]

By January 18, 2016 0 Comments Read More →
Help Support NCIC Today

Help Support NCIC Today

By Industry Council for Tangible Assets….   Three homicides, increased proliferation of counterfeits, thefts,and fraudulent checks proved costly to dealers and collectors in 2015. Numismatic crime continues to plague the numismatic community and often proves to be emotionally and financially devastating to victims. However, in 2015 the Numismatic Crime Information Center (NCIC) was successful in […]

By January 4, 2016 0 Comments Read More →
 
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