Tag: Crime and Fraud

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 Court […]

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By European Central Bank….   445,000 counterfeit euro banknotes were withdrawn from circulation in the second half of 2015. 83% of the counterfeits were €20 and €50 banknotes. Some 445,000 counterfeit euro banknotes were withdrawn from circulation in the second half of 2015, two percent fewer than in the first half of the year, the […]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 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 […]

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 […]

Spanish Police Arrest Alleged Forgers of €2 Euro Coins

Spanish Police Arrest Alleged Forgers of €2 Euro Coins

By Hubert Walker for CoinWeek….   Police in Madrid arrested three individuals yesterday on charges of counterfeiting up to 12,000 two-euro coins over five years. The three appeared to be running the counterfeiting operation out of their houses, using equipment readily-available at the average home improvement store. During the arrests, officers found a total of […]

By December 31, 2014 0 Comments Read More →
Silver Bullion News: The “New” Liberty Dollar is Back

Silver Bullion News: The “New” Liberty Dollar is Back

By Al Doyle for CoinWeek….   The Liberty Dollar – a one-ounce silver medallion that attracted the attention and wrath of the federal government and resulted in a pending prison sentence for its creator – is back in a revised form. Although the New Liberty Dollar retains the main design elements of a Liberty head […]

By March 19, 2013 1 Comments Read More →
ANA advises members to check credit, debit statements

ANA advises members to check credit, debit statements

The American Numismatic Association has received reports that several members had credit or debit card numbers stolen during their stay in Philadelphia for the World’s Fair of MoneySM. In light of this, the ANA advises members to check their credit and debit cards for unusual charges. The stolen credit card numbers did not come from […]

 
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