Tag: Crime and Fraud

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 →
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 […]

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 →
World Paper Money – Chinese Bank Fraud Leads to Millions in Missing Cash

World Paper Money – Chinese Bank Fraud Leads to Millions in Missing Cash

By Joshua McMorrow-Hernandez for Coinweek …….   Billions of yuan equaling millions of dollars (USD) are missing in what has become the third major case of bank fraud reported in China since January. The Bank of Tianjin, which recently emerged on Hong Kong’s stock exchange, has reported that the equivalent of $120 million USD in […]

CoinWeek Weekly Coin & Currency News Roundup – April 8, 2016

CoinWeek Weekly Coin & Currency News Roundup – April 8, 2016

By Coinweek ….   This week, we visit Peruvian counterfeiters, tour the Karlsruhe Mint in Germany and find out whether those coin counting machines at your local bank or grocery store are accurate. And we check in on a lot of news coming out of India. We also touch upon the Panama Papers, and reveal […]

By April 9, 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, […]

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 →
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 →
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 →
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 →
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 →
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 →
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 →
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 […]

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 […]

 
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