Crime and Fraud

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 →
Consumer Advice – Coin Scam Victims – Where To Turn For Help

Consumer Advice – Coin Scam Victims – Where To Turn For Help

What do you do when a gold seller fails to deliver or the merchandise you received was not as described when you ordered it? Who can you contact for help when you don’t receive payment for coins you’ve submitted to sell? In two recent cases, “Howard” in Mississippi wired $20,000 several months ago to a […]

By December 29, 2015 0 Comments Read More →
Santa Monica Obtains $2 Million Judgment Against Merit Gold and Silver

Santa Monica Obtains $2 Million Judgment Against Merit Gold and Silver

Third Santa Monica Case Against National Gold Coin Dealers By Santa Monica City Attorney’s Office….   The Santa Monica City Attorney’s Office has obtained a $2 million court judgment against precious metals dealer Seacoast Coin, Inc., formerly doing business as Merit Financial and Merit Gold and Silver. Merit was based in Santa Monica but did […]

By December 3, 2015 0 Comments Read More →
Restitution Ordered from Sentry Asset Group, LLC for Illegal Precious Metals Transactions

Restitution Ordered from Sentry Asset Group, LLC for Illegal Precious Metals Transactions

By Commodity Futures Trading Commission….   The U.S. Commodity Futures Trading Commission (CFTC) on Wednesday, November 18, announced that a federal court in Miami, Florida issued a Consent Order against Defendants Sentry Asset Group, LLC d/b/a Sentry Asset Management, LLC (SAG) of Boca Raton, Florida, and its owner, manager, and controlling person John Pakel of […]

By November 19, 2015 0 Comments Read More →
Wealthy Max Ltd Supports Treasury’s Decision to Suspend Coin Redemption

Wealthy Max Ltd Supports Treasury’s Decision to Suspend Coin Redemption

By GeyerGorey LLP …….   The Wealthy Max Limited (Wealthy Max) legal defense team today announced the company’s agreement with the Department of the Treasury’s decision to temporarily suspend the U.S. Mint’s Mutilated Coins Redemption Program. This move clearly demonstrates that senior officials within the Treasury Department are taking issues related to the Mint’s mutilated […]

By November 11, 2015 0 Comments Read More →
Southern Indiana Coin Store Owner Dead after Robbery and Shooting

Southern Indiana Coin Store Owner Dead after Robbery and Shooting

By CoinWeek News Staff….   John M. Turner, a 79-year-old coin and jewelry store owner, was shot and killed during a robbery on Saturday, November 7. A suspect in the case was arrested on Monday, November 9. Around 3:30 p.m. Central Time on the 7th, someone robbed John’s Coin & Jewelry Shop at 61 West […]

By November 11, 2015 0 Comments Read More →
Confronting Breen

Confronting Breen

By Charles Morgan and Hubert Walker for CoinWeek….   Twenty-two years ago, noted numismatist Walter H. Breen died at Chino’s California Institute for Men, part of the California Department of Corrections and Rehabilitation. A convicted serial child molester, it’s hard to imagine that Breen’s stay at the facility was ever meant to rehabilitate the man. […]

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 →
 
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