Tag: Fraud

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 […]

Questions Loom as Precious Metals Firm ‘The Tulving Company’ Folds

Questions Loom as Precious Metals Firm ‘The Tulving Company’ Folds

The Bullion Reporter on CoinWeek……..   Nobody outside of Hannes Tulving, Jr. and his inner circle knows exactly what went wrong, as one of the nation’s largest gold and silver bullion dealers watches his business come crashing down around him. After months of growing complaints and financial troubles, Orange County, California-based Tulving Company closed shop […]

By March 15, 2014 5 Comments Read More →
Fallout Already Starting From Investigations Into London Gold And Silver Market Price Manipulations

Fallout Already Starting From Investigations Into London Gold And Silver Market Price Manipulations

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com ….. With all the investigations into market rigging in the mortgage markets, LIBOR interest rate market, and foreign currency exchange trading, it should come as no surprise that official investigations have started into the manipulation of the London market gold and silver price fixes.  Even […]

EBay sellers—One More Scam To Watch Out For

EBay sellers—One More Scam To Watch Out For

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com ….. The advancements in digital photography and the ease of ability to post price lists and auctions on the internet have proved to be a real boon for coin sellers.  However, with the rise of legitimate online transactions comes new ways of trying to separate […]

“Hotel Buyer” Scams Bring Federal, State, and Local Criminal Charges

“Hotel Buyer” Scams Bring Federal, State, and Local Criminal Charges

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com On Tuesday morning, CBS News reported on the cessation of operations by THR Associates, which ran perhaps the largest “hotel buyer” operation in the US over the past few years.  To view the story, Click Here. In an earlier report in May about this […]

Postal Inspectors Probe Gold Coin Purchases Made With Stolen American Express Cards

Postal Inspectors Probe Gold Coin Purchases Made With Stolen American Express Cards

U.S. Postal Service inspectors are investigating the fraudulent use of stolen American Express credit cards to purchase apparently tens of thousands of dollars of gold coins. “The orders are placed by phone, often for $10,000 to $20,000 worth of Liberty Double Eagles or other, large-sized gold coins. The callers have a foreign accent and sometimes […]

By June 21, 2011 0 Comments Read More →
Investors Accuse Gold Dealer Jim Burg of Superior Discount Coins of Stealing More Than $1 million

Investors Accuse Gold Dealer Jim Burg of Superior Discount Coins of Stealing More Than $1 million

Jim Burg owner of Superior Discount Coins of Englewood, Colorado  is accused by investors of possibly stealing more than $1 Million Dollars. “I placed a big order that was $325,000, basically my wife’s entire IRA,” Larry Lane, who lives near Conifer, Colorado, said. “Now we’ve spent the last two years checking with Jim [Burg], trying […]

By April 29, 2011 1 Comments Read More →
Superior Gold Group LLC is seized, assets frozen

Superior Gold Group LLC is seized, assets frozen

On Monday, a California judge froze the assets of Superior Gold Group LLC of 100 Wilshire Boulevard, as well another office in Woodland Hills, after it was accused of fraudulent business practices in a civil lawsuit filed against the company and owner Bruce Sands by the Los Angeles County district attorney and the Santa Monica […]

By December 10, 2010 0 Comments Read More →
 
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