Crime and Fraud

U.S. Mint Suspends Coin Exchange Program

U.S. Mint Suspends 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. Because of the possibility of unlawful activity on the coin exchange program, the United States Mint […]

By October 29, 2015 0 Comments Read More →
Fraud Alert UPDATE – Counterfeit Cashier’s Checks Being Used to Buy Gold

Fraud Alert UPDATE – Counterfeit Cashier’s Checks Being Used to Buy Gold

By the Numismatic Crime Information Center ……. UPDATE OCT 26th – Suspects Arrested …….. A group of suspects have been arrested for passing over $400,000 in counterfeit cashier’s checks to coin dealers. Victims from California to Florida have come forward. The following suspects are in custody and being held on $750,000 bond. Danny Rashee O’Connor Debra Eudy Jessica […]

Wealthy Max Ltd Files Motion to Dismiss Civil Forfeiture Case

Wealthy Max Ltd Files Motion to Dismiss Civil Forfeiture Case

By GeyerGorey LLP….   The Wealthy Max Limited legal defense team filed a motion to dismiss the civil forfeiture case brought by the US Attorney for the District of New Jersey. The motion is filed with the US District Court in New Jersey and seeks the immediate release of $2,388,091.18 that the company is owed […]

By October 21, 2015 0 Comments Read More →
Court Rehears Case Involving Langbord 1933 Double Eagles

Court Rehears Case Involving Langbord 1933 Double Eagles

By Hubert Walker for CoinWeek….   On Wednesday, October 14, the two parties in the case of Langbord et al v. U.S. Department of Treasury et al (Case No. 12-4574)–namely, the Federal Government and the Langbord family–appeared before the Third Circuit Court of Appeals in Philadelphia, Pennsylvania. In July of this year, the Philadelphia United […]

By October 15, 2015 0 Comments Read More →
American Portfolio Asset Management, Inc. to Pay $578K+ Restitution to Precious Metals Customers

American Portfolio Asset Management, Inc. to Pay $578K+ Restitution to Precious Metals Customers

CFTC Orders Florida Resident Alan M. Kneller and His Company American Portfolio Asset Management, Inc. to Pay Restitution and a Civil Monetary Penalty Totaling More than $578,000 in Precious Metals Enforcement Action By Commodity Futures Trading Commission….   Order Also Permanently Bars Respondents from Trading on CFTC-Regulated Markets The U.S. Commodity Futures Trading Commission (CFTC) […]

By October 8, 2015 0 Comments Read More →
Guardian Asset Group Charged with Illegal Off-Exchange Precious Metals Transactions

Guardian Asset Group Charged with Illegal Off-Exchange Precious Metals Transactions

By Commodity Futures Trading Commission….   On Wednesday, September 30, 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 Guardian Asset Group, LLC and its owner and principal, Andrew Kurzbard, both of West Palm Beach, Florida. The CFTC […]

By October 4, 2015 0 Comments Read More →
Florida-Based Mintco LLC Charged with Off-Exchange Precious Metals Transactions, Fraud

Florida-Based Mintco LLC Charged with Off-Exchange Precious Metals Transactions, Fraud

By Commodity Futures Trading Commission….   On Thursday, September 17, the U.S. Commodity Futures Trading Commission (CFTC) announced the filing of a civil enforcement Complaint in the U.S. District Court for the Southern District of Florida against Mintco LLC of Delray Beach, Florida, and its principals Stuart Rubin of Fort Lauderdale and Richard Q. Zimmerman […]

By September 19, 2015 0 Comments Read More →
Bullion Dealer Tulving Charged with Misappropriation and Fraudulent Solicitation

Bullion Dealer Tulving Charged with Misappropriation and Fraudulent Solicitation

At Least 381 Customers Nationwide Allegedly Defrauded in the Scheme By Commodity Futures Trading Commission…. On Friday, September 11, the U.S. Commodity Futures Trading Commission (CFTC) filed a civil Complaint against Defendants Hannes Tulving, Jr. of Newport Beach, California, and his company, The Tulving Company, Inc., charging them with fraudulent solicitation and misappropriation in connection […]

By September 15, 2015 0 Comments Read More →
Coin Dealer Tulving Pleads Guilty to Fraud

Coin Dealer Tulving Pleads Guilty to Fraud

By CoinWeek News Staff….   California-based rare coins and precious metals dealer Hannes Tulving, Jr. plead guilty to one count of wire fraud in federal court on Thursday, August 20. The federal government contends that Tulving Company, Inc. defrauded 400 customers out of approximately US$15 million by taking orders over the internet with the full […]

By August 25, 2015 0 Comments Read More →
Eight Years After Seizure, Feds to Return Liberty Dollars to Owners

Eight Years After Seizure, Feds to Return Liberty Dollars to Owners

CoinWeek Staff Reports….   Millions of dollars worth of property seized in 2007 to be returned at some point in the near future… On August 14, 2015, Acting United States Attorney Jill Westmoreland Rose filed a document with the United States District Court for the Western District of North Carolina, Statesville Division, calling for the […]

By August 20, 2015 2 Comments Read More →
Bank of Canada Announces 2015 Law Enforcement Award of Excellence for Counterfeit Deterrence

Bank of Canada Announces 2015 Law Enforcement Award of Excellence for Counterfeit Deterrence

From left to right: Michael Duncan, Justice System Specialist, Currency Department, Bank of Canada; Detective Bill Allen, Edmonton Police Service; Chief Clive Weighill, President, Canadian Association of Chiefs of Police; Brian Simpson, Deputy Chief of Police, Edmonton Police Service. (CNW Group/Bank of Canada) By Bank of Canada….   The Bank of Canada / Banque du […]

By August 19, 2015 0 Comments Read More →
PCGS Grading and Counterfeit Detection Seminars at 2015 Long Beach Expo

PCGS Grading and Counterfeit Detection Seminars at 2015 Long Beach Expo

Collectors will have the opportunity to learn from the experts at two Professional Coin Grading Service (PCGS) coin grading and counterfeit detection seminars during the upcoming September 2015 Long Beach Coin, Currency, Stamp & Sports Collectible Expo. PCGS will offer two separate seminars from 10:00 am to 2:00 pm on Saturday, September 19. Grading 102 […]

By August 6, 2015 0 Comments Read More →
Two Murdered in Broad Daylight at Cheyenne, Wyoming Coin Shop

Two Murdered in Broad Daylight at Cheyenne, Wyoming Coin Shop

By Hubert Walker for CoinWeek….   Numismatic Crime Information Center is offering a $5000 Reward for information that leads to the arrest and conviction of the killer. On Monday, July 20, 2015, two men were shot dead inside of a Cheyenne, Wyoming coin shop, during the commission of an armed robbery. Police have identified the […]

By August 4, 2015 0 Comments Read More →
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 Charles Morgan and Hubert Walker for CoinWeek….   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 […]

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 – Modern Coin Wholesale …..   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 you, I suggested, then you should […]

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 […]

 
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