Crime and Fraud

CoinWeek News Wire for September 23, 2016

CoinWeek News Wire for September 23, 2016

By Coinweek ….   CoinWeek News Wire for September 23, 2016 The Future Is Now 1.) Bitcoin is money, U.S. judge says in case tied to JPMorgan hack “Bitcoins are funds within the plain meaning of that term,” [Judge Alison] Nathan wrote. “Bitcoins can be accepted as a payment for goods and services or bought […]

By September 23, 2016 0 Comments Read More →
Strange $180k Theft from Royal Canadian Mint

Strange $180k Theft from Royal Canadian Mint

By Everett Millman – Gainesville Coins ……. The Royal Canadian Mint (RCM) is alleging that one of its former employees gradually smuggled $180,000 CAD (approximately $136,000 USD) worth of gold out of the mint. The strange part is how they say he did it: by hiding the gold in his anal cavity. Leston Lawrence, a […]

CFTC Wins Fraud Trial against Florida-Based Precious Metals Trader & His Companies

CFTC Wins Fraud Trial against Florida-Based Precious Metals Trader & His Companies

Robert Escobio and His Companies are Permanently Banned from Commodity Trading and Registration, and Ordered to Pay Approximately $2.5 Million in Restitution and Penalties By Commodity Futures Trading Commission ….   The U.S. Commodity Futures Trading Commission (CFTC) announced today a victory after trial involving a fraudulent precious metals scheme perpetrated by Robert Escobio of […]

By September 19, 2016 0 Comments Read More →
Federal Court Orders Nevada Precious Metal Trading Company to Pay More than $1.4 Million

Federal Court Orders Nevada Precious Metal Trading Company to Pay More than $1.4 Million

Federal Court in Nevada Orders My Global Leverage, LLC and Toney Blondo Eggleston to Pay More than $1.4 Million in Restitution and a Monetary Penalty for Engaging in Illegal, Off-Exchange Precious Metals Transactions By Commodity Futures Trading Commission ….   The U.S. Commodity Futures Trading Commission (CFTC) announced that Judge Andrew P. Gordon of the […]

By September 17, 2016 0 Comments Read More →
CoinWeek News Wire for September 9, 2016

CoinWeek News Wire for September 9, 2016

By Coinweek ….   CoinWeek News Wire for September 9, 2016 Brain Food 1.) The birth and death of paper money Kublai Khan, said Marco Polo, had ‘a more extensive command of treasure than any other sovereign in the universe’. There were no jangling pockets of coins in Kanbalu. Bark had been stripped from the […]

By September 9, 2016 0 Comments Read More →
CoinWeek News Wire for September 2, 2016

CoinWeek News Wire for September 2, 2016

By Coinweek ….   CoinWeek News Wire for September 2, 2016 Brain Food 1.) What to do with an ink-stained bank note? Would you know what to do with a bank note stained with dye — an indicator that the note was stolen in a robbery or ATM theft?… 2.) Collectors Universe Reports Financial Results […]

By September 2, 2016 0 Comments Read More →
International Monetary Metals Ordered to Pay over $9.8 Million for Illegal Precious Metals Transactions

International Monetary Metals Ordered to Pay over $9.8 Million for Illegal Precious Metals Transactions

In CFTC Enforcement Action, Federal Court Orders Florida Resident Martin Sommers and His Company International Monetary Metals, Inc. to Pay over $9.8 Million for Engaging in Illegal, Off-Exchange Precious Metals Transactions and Registration Violations By Commodity Futures Trading Commission ….   On August 12, 2016, the U.S. Commodity Futures Trading Commission (CFTC) announced that Judge […]

By August 22, 2016 0 Comments Read More →
CoinWeek News Wire for August 19, 2016

CoinWeek News Wire for August 19, 2016

By Coinweek ….   CoinWeek News Wire for August 19, 2016 Brain Food 1.) Gold Is Hot This Year. So Are Fakes “If we sit and wait around for the government to take care of it, we’ll all be in real trouble,“ said Terry Hanlon, president of Dillon Gage Metals, a wholesale precious-metals trader… 2.) […]

By August 19, 2016 0 Comments Read More →
Counterfeit Coins Detection – Altered Date 1815 Half Dollar

Counterfeit Coins Detection – Altered Date 1815 Half Dollar

The altered date on this half dollar imitates a true numismatic rarity. By  Numismatic Guaranty Corporation ……   In the early part of the 19th century, the fledgling United States was in a crisis. US merchant ships were being blocked from conducting trade with mainland Europe by the British Royal Navy. This lead to serious economic […]

Gary Adkins Receives 2016  Professional Numismatists Guild Lifetime Achievement Award

Gary Adkins Receives 2016 Professional Numismatists Guild Lifetime Achievement Award

Gary Adkins (center) received the 2016 Professional Numismatists Guild Lifetime Achievement Award from PNG President Dana Samuelson (left) and PNG Executive Director Robert Brueggeman (right). Gary Adkins of Minneapolis, Minnesota, who served as President of the Professional Numismatists Guild (PNG) from 2007 to 2009 and is the current Vice President of the American Numismatic Association […]

How Big Is the Rare Coin Counterfeiting Problem?

How Big Is the Rare Coin Counterfeiting Problem?

By Jeff Garrett for Numismatic Guaranty Corporation ……   The issue of counterfeiting rare coins has been around for a very long time For years, the numismatic industry has dealt effectively with the problem of counterfeiting rare coins. You can read numismatic journals from the 19th century and realize that collectors were dealing with the problem […]

CoinWeek News Wire for August 5, 2016

CoinWeek News Wire for August 5, 2016

By Coinweek ….   CoinWeek News Wire for August 5, 2016 Brain Food 1.) Newman Numismatic Portal Update The Newman Numismatic Portal will be represented at the American Numismatic Association’s (ANA) World’s Fair of Money in Anaheim, California next week. Stop by and visit, or attend one of our presentations. Our schedule is: Wednesday, August […]

By August 5, 2016 0 Comments Read More →
Appeals Court Rules for U.S. Gov’t in Langbord 1933 Double Eagle Fight

Appeals Court Rules for U.S. Gov’t in Langbord 1933 Double Eagle Fight

By CoinWeek News Staff ….   Exactly one year after the Philadelphia United States Attorney’s Office filed a petition with the Third Circuit Court of Appeals on behalf of the U.S. Government to rehear the case of Langbord et al v. U.S. Department of Treasury et al (Case No. 12-4574), the en banc court issued […]

By August 2, 2016 0 Comments Read More →
5 Ways You Can Avoid Falling for Counterfeit Coins

5 Ways You Can Avoid Falling for Counterfeit Coins

By Littleton Coin Company ………..   There’s been a lot of buzz lately in the numismatic world about counterfeit coins – especially those coming from China. Counterfeiting is as old as coins themselves. However, the biggest problem with these newer fraudulent coins is that better technology makes them harder to detect – since they appear […]

CoinWeek News Wire for July 22, 2016

CoinWeek News Wire for July 22, 2016

By Coinweek ….   CoinWeek News Wire for July 22, 2016 Brain Food 1.) The history keepers On a cool, cloudy Tuesday morning … a coin collector stops by the Laxmi Narayan temple in Basantapur, looking for a coin minted during the reign of Prithivi Narayan Shah. There he finds an old man, seated on […]

By July 22, 2016 0 Comments Read More →
Wealthy Max Presents Motion to Dismiss in Civil Forfeiture Case

Wealthy Max Presents Motion to Dismiss in Civil Forfeiture Case

By Wealthy Max Ltd …..   The Wealthy Max Limited legal defense team from GeyerGorey LLP, represented by Robert Connolly, presented the arguments behind its motion to dismiss the civil forfeiture case brought by the US Attorney for the District of New Jersey. The hearing was held in the courtroom of Judge Juan R. Sanchez, […]

By July 19, 2016 0 Comments Read More →
CoinWeek News Wire for July 10, 2016

CoinWeek News Wire for July 10, 2016

By Coinweek ….   CoinWeek News Wire for July 10, 2016 Brain Food 1.) From cotton to cash: how to (actually) make a euro Reinhold Gerstetter is responsible for the design of the euro banknotes. Fans of the old Deutsche Mark may recognize his work – he drew the faces on their last edition, before […]

By July 11, 2016 0 Comments Read More →
Gainesville Coins: Crime Doesn’t Pay for Treasure Finder

Gainesville Coins: Crime Doesn’t Pay for Treasure Finder

By Everett Millman – Gainesville Coins …….   Treasure hunting is a fantastic hobby and pastime. It not only can pay off handsomely for a determined metal detectorist, but it’s a great way to bring history and cultural heritage closer to the present-day. However, not everybody hunting for buried treasure chooses to play by the […]

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

By Coinweek ….   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, […]

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 ….   CoinWeek News Wire for May 14 2016 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 […]

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. […]

 
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