Crime and Fraud

Judge Awards Coin Fraud Victim’s Estate Nearly $1.9 Million under Federal Racketeer Laws

Judge Awards Coin Fraud Victim’s Estate Nearly $1.9 Million under Federal Racketeer Laws

By Paul Montgomery and Associates – PaulMontgomeryOnline.com….   A Federal Court Judge in Texas has issued her final ruling that a coin fraud victim’s estate should receive nearly $1.9 million from a Long Island coin dealer and his grading company under the Racketeer Influenced and Corrupt Organization Act (RICO). The estate was assisted in its […]

By July 23, 2015 0 Comments Read More →
Biannual Information on Euro Banknote Counterfeiting

Biannual Information on Euro Banknote Counterfeiting

Decline in euro banknote counterfeits in first half of 2015 – overall number remains very low By European Central Bank….   454,000 counterfeit euro banknotes were withdrawn from circulation in the first half of 2015 86% of the counterfeits are €20 and €50 banknotes All euro banknotes can be easily verified using the “feel, look […]

By July 17, 2015 0 Comments Read More →
Alves Reis: The Man Who Would Be Rich

Alves Reis: The Man Who Would Be Rich

While there have been counterfeiting operations throughout history, few have been as coordinated and successful as the one that Alves Reis carried out in Portugal By Zachary Habermas – Paper Money Guaranty   Originally posted at www.pmgnotes.com on 7/1/2015. Throughout history there have been sophisticated schemes involving the counterfeiting of currency. Some have involved individuals […]

Third Circuit Asked to Rehear Case Involving Langbord 1933 Double Eagles

Third Circuit Asked to Rehear Case Involving Langbord 1933 Double Eagles

By CoinWeek News Staff….   On Wednesday, July 1, the United States Attorney’s Office in Philadelphia filed a petition with the Third Circuit Court of Appeals on behalf of the U.S. Federal Government, seeking a rehearing in the case of Langbord et al v. U.S. Department of Treasury et al (Case No. 12-4574). A three-judge […]

NCIC to Offer 1-Day Training Course to Law Enforcement

NCIC to Offer 1-Day Training Course to Law Enforcement

The Numismatic Crime Information Center (NCIC) will offer a one-day training course on “Numismatic Crime Investigations” for local, state and federal law enforcement officers during the ANA World’s Fair of Money August 11-15, 2015 in Rosemont, Illinois. The eight-hour class is designed to provide law-enforcement personnel, including patrol officers, detectives, investigators and prosecutors, with the […]

FBI: The Case of the Corrupt Coin Dealer

FBI: The Case of the Corrupt Coin Dealer

By Federal Bureau of Investigation….   Fraudster Targeted Elderly Victims Financial fraud comes in all shapes and sizes. And while corporate criminals, inside traders, and Ponzi schemers often cause their victims to lose millions of dollars, the case of the crooked coin dealer from New York illustrates that even relatively small-time fraudsters must answer for […]

By June 10, 2015 1 Comments Read More →
Coin Scams – Telemarketer Uses High-Pressure Tactics in Coin Collection Scheme

Coin Scams – Telemarketer Uses High-Pressure Tactics in Coin Collection Scheme

Milwaukee, Wisconsin-based Fox6now.com posted this story about the slick website, cold calls and high-pressure tactics at the heart of a coin collection scam that cost victims millions of dollars. The suspects preyed on the elderly and were relentless. Suspect Joseph Romano ran his scam business, called Atlantic Coin Galleries, out of Lindenhurst, New York between […]

Coin Dealer, Grading Company Hit for Nearly $2 Million under Federal Racketeering Laws

Coin Dealer, Grading Company Hit for Nearly $2 Million under Federal Racketeering Laws

By Paul Montgomery and Associates – PaulMontgomeryOnline.com….   A Federal Court Judge in Texas has ruled that a coin fraud victim’s estate should receive almost $2 million from a Long Island coin dealer and his grading company under the Racketeer Influenced and Corrupt Organization Act (RICO). The estate was assisted in its three-year recovery efforts […]

New PCGS Holder To Protect Coins, Combat Counterfeiting

New PCGS Holder To Protect Coins, Combat Counterfeiting

Professional Coin Grading Service (PCGS) is launching the world’s most technically-advanced holder for protecting coins and providing additional security against counterfeiting. The completely redesigned holders include an embedded hologram and a Quick Response (QR) code matrix on each label. These new holders now are being used on all submissions certified by PCGS. “We have been […]

By May 26, 2015 0 Comments Read More →
Who Owns YOUR Information?

Who Owns YOUR Information?

By Ron Drzewucki – www.moderncoinwholesale.com….   Originally posted on Ron’s blog at www.moderncoinwholesale.com on 5/14/2015. Two weeks ago I wrote about where to find a good value, and a big part of that was about nurturing a good relationship between dealer and collectors. If a dealer wasn’t willing to go the extra mile to help […]

Crash for Gold: Car Drives through Northern Nevada Coin – Video: 2:32 (UPDATED APRIL 30)

Crash for Gold: Car Drives through Northern Nevada Coin – Video: 2:32 (UPDATED APRIL 30)

“You never know what’s going to come through the door,” says Northern Nevada Coin President Allen Rowe. In this CoinWeek exclusive video, Rowe discusses the incident and gives a status report on how the repairs are going. Copyright © CoinWeek 2015 COINWeek is the most advanced independent on-line media source for print and video Rare Coin and Currency […]

CoinWeek Video: Mercury Dimes Counterfeit Detection with Bill Fivaz (9:57).

CoinWeek Video: Mercury Dimes Counterfeit Detection with Bill Fivaz (9:57).

Cherrypicker’s Guide editor and renowned coin expert Bill Fivaz gave an informative class on counterfeit detection in the popular Mercury dime series at the January 2015 FUN Show in Orlando, Florida. This video segment highlights many of Bill’s valuable insights. Copyright © CoinWeek April 2015 COINWeek is the most advanced independent on-line media source for print and video […]

International Euro Anti-Counterfeiting Conference Held March 24-27

International Euro Anti-Counterfeiting Conference Held March 24-27

By The European Central Bank, Directorate of General Communications….   The European Central Bank, Europol and the European Commission jointly organised the 3rd International Conference on the Protection of the Euro against Counterfeiting. The conference was held at the ECB’s new headquarters in Frankfurt am Main from 24 to 27 March 2015 and was the […]

By April 3, 2015 0 Comments Read More →
Pedigrees & Hoards: The Binion Hoard

Pedigrees & Hoards: The Binion Hoard

By Rick Bretz for CoinWeek….   The Binion Hoard offers the collector a variety of ways to collect coins, currency, and memorabilia like ashtrays, dice, gambling equipment, photos, casino chips, etc. A collector could assemble a traditional date/mintmark set, or he could choose to assemble a set of the various souvenir items available. But first, […]

Fugitive Treasure Hunter Tommy Thompson Arrested in Florida

Fugitive Treasure Hunter Tommy Thompson Arrested in Florida

Famous treasure hunter and fugitive from the law Tommy Thompson was taken into custody by the US Marshals Service at a hotel in Palm Beach County Florida on Tuesday. Thompson was arrested, along with his long time companion Alison Anteiker, pursuant to a federal civil arrest warrant issued for him in 2012 for failing to […]

By January 28, 2015 0 Comments Read More →
Israel Recovers Ancient Coins Stolen from Site

Israel Recovers Ancient Coins Stolen from Site

By Hubert Walker for CoinWeek…. On December 31, the Israel Antiquities Authority (IAA) announced that it had recovered over 800 ancient coins from the house of a Beit Shemesh man who confessed to looting items from a local archaeological site. The unidentified man, who is in his 50s, was apprehended by border police while on […]

Texas Coin Dealer Sentenced to 10 Years for Theft

Texas Coin Dealer Sentenced to 10 Years for Theft

By Hubert Walker for CoinWeek…. On December 18, Edwin Chauncey, the former owner and operator of Chauncey’s Rare Coins and Currency in Lubbock, TX, was sentenced to 10 years in prison for swindling $1.24 million from customers. Standing before Judge Brad Underwood of the 364th District Court in Lubbock County, Chauncey, 66, plead guilty in […]

By December 26, 2014 2 Comments Read More →
Bernard von NotHaus Sentenced to Probation for Liberty Dollar Conviction

Bernard von NotHaus Sentenced to Probation for Liberty Dollar Conviction

CoinWeek Staff Reports…. Bernard von NotHaus, creator of the American Liberty Dollar (ALD), was sentenced to three years probation by a federal judge on December 2. This comes almost four years after his March 18, 2011 conviction in federal court on counterfeiting and conspiracy charges. Von NotHaus was the founder and president of Liberty Services, […]

By December 4, 2014 11 Comments Read More →
Numismatic Crime: Developing a Tactical Mindset for Coin Dealers and Coin Collectors

Numismatic Crime: Developing a Tactical Mindset for Coin Dealers and Coin Collectors

by Doug Davis Founder/President and Bryan Davis/Forensic Investigator … Numismatic Crime Information Center ……… Numismatic crime continues to escalate and the chance of a dealer or collector becoming a victim is very real in today’s society. It is important to realize that not everyone is a law abiding citizen. There are individuals and organized groups who […]

Bernard von NotHaus, “Architect” of the Liberty Dollar to be Sentenced

Bernard von NotHaus, “Architect” of the Liberty Dollar to be Sentenced

Liberty Dollar creator and self proclaimed “monetary architect” Bernard von NotHaus, who was found guilty in US federal court in North Carolina on March 2011 of Counterfeiting and Fraud, is scheduled to appear on December 2nd before U.S. District Court Judge Richard L. Voorhees. The now 70 year old von NotHaus has been awaiting sentencing […]

By November 13, 2014 12 Comments Read More →
The Anatomy of a Coin Thief ….. A True Story

The Anatomy of a Coin Thief ….. A True Story

By Vic Bozarth – The Rare Coin Road Warrior ….. Dear Rare Coin Enthusiasts….. Many of you may have wondered what happened to Vic Bozarth-The Rare Coin Road Warrior. Sherri and I are still traveling 200 nights per year to coin shows and on coin buying trips all over the continental U.S. We are still […]

By November 3, 2014 11 Comments Read More →
USMNA Convention Offers Larger Bourse & Counterfeit Seminars. VIDEO: 2:52

USMNA Convention Offers Larger Bourse & Counterfeit Seminars. VIDEO: 2:52

Cory Frampton, Executive Director, US Mexican Numismatic Association Interviewer: David Lisot, CoinWeek.com…….. The third annual USMNA Convention continues to grow in attendance and popularity with collectors of Mexican and Latin American coinage. Two different seminars were given by industry leaders describing counterfeiting problems back when the coins were originally struck as well as the current […]

By October 30, 2014 0 Comments Read More →
Numismatic Crime Alerts:  2014

Numismatic Crime Alerts: 2014

Crimes related to numismatics know no boundaries and affects the numismatic industry around the world. Millions of dollars in numismatic items have been stolen from collectors and dealers who have fallen prey to a numismatic crime. The Numismatic Crime Information Center is a 501 (c)(3) non profit corporation established to coordinate and collaborate initiatives between […]

Mike Getlin: Google Killed Merit Gold

Mike Getlin: Google Killed Merit Gold

by Charles Morgan and Hubert Walker for CoinWeek… Last night I got an email from Mike Getlin, former Chief Executive Officer and Executive Vice President of Merit Gold and Silver. In the email, he apologized for not responding to CoinWeek’s previous inquiries concerning the firm’s legal troubles and asked if I would like to talk. Getlin said […]

As Legal Issues Mount, Merit Gold Customers Seek Relief

As Legal Issues Mount, Merit Gold Customers Seek Relief

By Charles Morgan and Hubert Walker for CoinWeek… In CoinWeek’s initial report on Merit Gold and Silver, we wrote that the Santa Monica City’s Attorney’s Office had filed a complaint against the firm, alleging that Merit had “engaged in an aggressive, nationwide fraud scheme that… bilked customers out of tens of millions of dollars”, and […]

Merit Gold & Silver No Longer Accepting Bullion Orders; Going Out of Business (Update)

Merit Gold & Silver No Longer Accepting Bullion Orders; Going Out of Business (Update)

by Hubert Walker ………… Visitors to the website of Merit Gold and Silver, a Santa Monica, California-based bullion and precious metals dealer, have seen a message stating that, as of August 5, the company is “no longer accepting bullion orders.” There is no explanation on the website why the company has stopped taking orders. Customers […]

By August 20, 2014 38 Comments Read More →
A Nigerian General’s Dream… A Cautionary Tale of Historical Bond Fraud

A Nigerian General’s Dream… A Cautionary Tale of Historical Bond Fraud

by Joshua T. Herbstman for CoinWeek…. At some time or another, we have all gotten an email that resembles the following: Dear Sir, During the regime of our late head of state, General Sani Abacha, the government officials set up companies and awarded themselves contracts which were grossly over-invoiced in various Ministries. The new civilian […]

By July 22, 2014 0 Comments Read More →
Security Questions for Coin Collectors at Home and at a Convention. VIDEO: 4:39

Security Questions for Coin Collectors at Home and at a Convention. VIDEO: 4:39

Don Rinkor, Don Rinkor Rare Coins Interviewer: David Lisot, CoinWeek.com……… Safety is a major concern for both coin dealers and collectors. Knowing what to do at a coin convention and at one’s home is important to staying safe and avoiding being broken in to. Even better is to have a security system in place that […]

By June 30, 2014 0 Comments Read More →
Precious Metal Verifier Available to Help Determine Genuine Gold & Silver Items. VIDEO: 4:17

Precious Metal Verifier Available to Help Determine Genuine Gold & Silver Items. VIDEO: 4:17

David Blau, Inventor, Interviewer: David Lisot, CoinWeek.com ……. The flood of counterfeit coins entering the market has prompted new concerns about determining the authenticity. Up until this time the best electronic machine to check the type of metal in a coin cost thousands of dollars. A new product is on the market that costs substantially […]

By June 17, 2014 5 Comments Read More →
 
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