Crime and Fraud

Texas Man Arrested for Fraud Involving Rare Coins

Texas Man Arrested for Fraud Involving Rare Coins

Worked for different coin companies in Beaumont over a period of five years By CoinWeek News Staff ….   Last Wednesday on July 12, the United States Attorney’s Office for the Eastern District of Texas announced that 42-year-old Wesley Judy Pollard, Jr. of Beaumont had been arrested earlier that day on allegations of federal mail […]

By July 19, 2017 0 Comments Read More →
Struck Counterfeit Coin of the Week: Repaired 1836 Gobrecht Dollar + 1-Page Attribution Guide

Struck Counterfeit Coin of the Week: Repaired 1836 Gobrecht Dollar + 1-Page Attribution Guide

By Jack D. Young, Early American Coppers (EAC) ……   Probably one of the most significant “finds” we as a group have made is this Gobrecht dollar, and it is certainly the earliest we have seen, as the holed source coin sold in a 2008 auction. This article is intended as another installment disclosing discovered […]

CoinWeek News Wire for July 14, 2017: The War on Cash

CoinWeek News Wire for July 14, 2017: The War on Cash

By Coinweek ….   CoinWeek News Wire for July 14, 2017:  The War on Cash 1.) Visa Takes War on Cash to Restaurants Visa has long considered cash one of its biggest competitors and has been taking steps to chip away at it. Getting rid of cash is a priority for Visa Chief Executive Al […]

By July 14, 2017 2 Comments Read More →
German Police Make Arrests in Theft of 100 Kilo Big Maple Leaf Gold Coin

German Police Make Arrests in Theft of 100 Kilo Big Maple Leaf Gold Coin

No sign of the “Big Maple Leaf”, worth over $4 million US By CoinWeek News Staff ….   Last week, German authorities released closed-circuit surveillance footage of three suspects allegedly responsible for the March 27 theft of the 220-pound “Big Maple Leaf” gold coin from the Bode Museum in Berlin. Ultimately, however, the suspects were […]

By July 12, 2017 0 Comments Read More →
Perth Mint Considers New Security Measures

Perth Mint Considers New Security Measures

Includes special bras for female employees By Everett Millman – Gainesvillecoins.com ……   Combating counterfeits and theft are among the chief concerns facing any government mint. In an effort to both weed out and deter fakes of all sorts, many mints have begun including special security measures on their gold and silver bullion coins. Over […]

CoinWeek News Wire for June 16, 2017

CoinWeek News Wire for June 16, 2017

By Coinweek ….   CoinWeek News Wire for June 16, 2017 Brain Food 1.) What’s the Difference Between the Edge and the Rim of a Coin? The edge runs around the entire circumference of the coin, and is the portion that has the reeding on it if it’s a dime or quarter dollar. The rim […]

By June 16, 2017 0 Comments Read More →
Asset Management to Pay Almost $2 Million Over Illegal Precious Metals Transactions

Asset Management to Pay Almost $2 Million Over Illegal Precious Metals Transactions

By Commodity Futures Trading Commission ….   The U.S. Commodity Futures Trading Commission (CFTC) announced that Judge Jose E. Martinez of the U.S. District Court for the Southern District of Florida entered a Consent Order against North American Asset Management, LLC (NAAM) of Fort Lauderdale, Florida, its owner and president Alexi Bethel of Miami, Florida, […]

By June 16, 2017 0 Comments Read More →
Mystery Babylon: Revelations Lead to Fraud Convictions for “End of the World” Gold Scammers

Mystery Babylon: Revelations Lead to Fraud Convictions for “End of the World” Gold Scammers

Former politician Larry Bates played on the beliefs of fellow Christians to sell gold and silver that he never delivered By Hubert Walker for CoinWeek ….   Seventy-year-old Larry Bates is a talk radio CEO, a former Tennessee state representative, and a gold and silver bullion dealer. Now, after a five-week trial in Memphis back […]

Heritage Auctions Staff Aids in Recovering Stolen Rare Coins

Heritage Auctions Staff Aids in Recovering Stolen Rare Coins

Bill Walker identifies two instances of how stolen coins found their way back on the market Quick thinking on the part of a Heritage Auctions staff member led to the discovery of two high-value coins re-entering the marketplace. Earlier this year Bill Walker, a rare coin specialist in Heritage Auctions’ Dallas office, was approached by […]

Feds Order Kelvin Burgos to Pay More Than $486,300 for Illegal Precious Metals Transactions

Feds Order Kelvin Burgos to Pay More Than $486,300 for Illegal Precious Metals Transactions

By Commodity Futures Trading Commission ….   The U.S. Commodity Futures Trading Commission (CFTC) announced that Judge Cecilia M. Altonaga of the U.S. District Court for the Southern District of Florida entered a final Order of Default Judgment (Order) against Defendants Kelvin Burgos and his company K.B. Concepts Group, LLC d/b/a Apex Asset Advisors, LLC […]

Federal Court Orders More Than $1 Million in Restitution from Guardian Asset Group

Federal Court Orders More Than $1 Million in Restitution from Guardian Asset Group

By Commodity Futures Trading Commission ….   On May 23, the U.S. Commodity Futures Trading Commission (CFTC) announced that Judge Kenneth A. Marra of the U.S. District Court for the Southern District of Florida entered a Consent Order against Guardian Asset Group, LLC (Guardian) of West Palm Beach, Florida, and its owner and principal, Andrew […]

Texas Attorney General Issues Gold Coin Consumer Protection Tips

Texas Attorney General Issues Gold Coin Consumer Protection Tips

By Universal Coin & Bullion ……   With input from numismatic experts, the Attorney General of Texas, Ken Paxton, has issued a consumer protection alert about buying and selling gold coins. Award-winning rare coins and precious metals writer, Michael Fuljenz, President of Universal Coin & Bullion in Beaumont, Texas, provided continuing consultation to the attorney […]

FBI: Man Pleads Guilty To Coin And Jewelry Store Armed Robbery

FBI: Man Pleads Guilty To Coin And Jewelry Store Armed Robbery

By Federal Bureau of Investigation ….   A Las Vegas man pleaded guilty on May 17 to robbing a coin and jewelry store while pointing a gun at the elderly store owner and a customer, announced Acting U.S. Attorney Steven W. Myhre for the District of Nevada. Noah Patrick Fields, 22, pleaded guilty to one […]

Counterfeit Detection – Die Struck Counterfeit 1916-D Mercury Dime

Counterfeit Detection – Die Struck Counterfeit 1916-D Mercury Dime

1916-D Counterfeit Mercury Dime By Numismatic Guaranty Corporation ……   Skillful identification of counterfeit coins is essential to the hobby. Numismatic Guaranty Corporation (NGC) recently received a die struck copy of an important coin that bore tooling marks, a telltale sign of counterfeit efforts. Read on for more details. It is very easy for authenticators […]

CoinWeek News Wire for May 12, 2017

CoinWeek News Wire for May 12, 2017

By Coinweek ….   CoinWeek News Wire for May 12, 2017 Current Events 1.) Indian Demonetization did not impede future black money flows: UN report The Indian government’s demonetisation measures did not impede future black money flows in new denominations, a UN report said on Monday. According to UN Economic and Social Survey of Asia […]

Former Contractor Charged with Theft of Gold from Perth Mint

Former Contractor Charged with Theft of Gold from Perth Mint

By CoinWeek News Staff ….   On April 7, the Perth Mint in Perth, Western Australia, became aware of the possible theft of a one-kilogram gold bar. A security team involved with the Mint investigated the situation and determined that the gold was indeed stolen. The Perth Mint then contacted the Gold Stealing Detection Unit […]

NTR Metals and Illegal South American Gold

NTR Metals and Illegal South American Gold

By Joshua Gibbons – About.Ag – for CoinWeek ….   When I first heard about Peruvian gold smuggling early last year, I didn’t really believe it. I was talking to the owner of a bullion dealer that I suspected was in financial trouble, and he said that NTR Metals was caught smuggling $20M of gold […]

By April 17, 2017 1 Comments Read More →
CoinWeek News Wire for April 14, 2017

CoinWeek News Wire for April 14, 2017

By Coinweek ….   CoinWeek News Wire for April 14, 2017 Brain Food 1.) Test How Much You Know About Bitcoin As the world’s monetary systems teetered on the edge in late 2008, some computer whizzes sought a digital solution. As Lehman Brothers lay dying, a math-based, completely digital means of exchange known as bitcoin […]

By April 14, 2017 0 Comments Read More →
Dealing With Criminals: Coin Dealers, Security Experts Weigh in on Safety at Coin Shows

Dealing With Criminals: Coin Dealers, Security Experts Weigh in on Safety at Coin Shows

Coin theft is one of the biggest threats coin dealers face, whether they are working out of a brick-and-mortar storefront or attending coin shows halfway across the country By Joshua McMorrow-Hernandez for CoinWeek.com ……   It doesn’t matter how big a show is or where it’s held, all coin shows present inherent security risks. It […]

Four Million Dollar 100 Kilo Gold Coin Gestohlen!

Four Million Dollar 100 Kilo Gold Coin Gestohlen!

By CoinWeek News Staff …..   Officials at the Bode Museum in Berlin awoke to the shocking reality that one the museum’s most valuable holdings, a 100-kilogram pure gold Canadian coin weighing about 220 pounds and with a face value of one million dollars Canadian had been spirited away by a team of thieves overnight, […]

By March 27, 2017 0 Comments Read More →
Counterfeit Coin Detection – 1903-S Added S Morgan Dollar

Counterfeit Coin Detection – 1903-S Added S Morgan Dollar

A prominent area of discoloration around the mintmark is a sign that this Morgan Dollar is a counterfeit. By Numismatic Guaranty Corporation …… The vast majority of the more than 1.2 million Morgan dollars struck at the San Francisco Mint in 1903 entered circulation, either immediately or as they were trickled out from the Mint […]

FBI: Former New Jersey Coin Dealer Admits Identity Theft, Income Tax Evasion

FBI: Former New Jersey Coin Dealer Admits Identity Theft, Income Tax Evasion

By Federal Bureau of Investigation ….   [UPDATE, 3/5/2017: The Professional Numismatists Guild (PNG) issued the following statement on March 2 in reference to this case. –CoinWeek] The Professional Numismatists Guild (www.PNGdealers.org) has accepted the resignation of PNG member-dealer William Dominick of Naples, Florida. PNG Executive Director Robert Brueggeman had suspended Dominick pending ratification of […]

By March 5, 2017 0 Comments Read More →
CFTC Charges Florida Companies in Fraud Schemes Involving Gold

CFTC Charges Florida Companies in Fraud Schemes Involving Gold

By Commodity Futures Trading Commission ….   The U.S. Commodity Futures Trading Commission (CFTC) today announced the filing of a federal civil enforcement action in Florida charging Defendants Carlos Javier Ramirez, Gold Chasers, Inc., and Royal Leisure International, Inc., all with last known addresses in Orlando, Florida, with misappropriating customer funds and engaging in fraudulent […]

By March 5, 2017 0 Comments Read More →
Crime & Fraud: Zany Stolen Coin Heist Solved

Crime & Fraud: Zany Stolen Coin Heist Solved

Photo from the Bristol Post By Shaquille Brissett for Gainesville Coins ….   Here’s a caper that’s perhaps more fit for the silver screen than a news site, but it’s true nonetheless. Over £33,000 (approx. $41,250 USD) in stolen coins were taken from a distribution company in the Stoke Gifford village of South Gloucestershire, England. […]

Federal Court Orders Nevada Man to Pay $2.9 Million+ Penalty for Illegal Precious Metals Transactions

Federal Court Orders Nevada Man to Pay $2.9 Million+ Penalty for Illegal Precious Metals Transactions

Court Earlier Entered a Default Judgment Order against Oakmont Financial, Inc. By Commodity Futures Trading Commission ….   The U.S. Commodity Futures Trading Commission (CFTC) announced that Judge William P. Dimitrouleas of the U.S. District Court for the Southern District of Florida entered an Order of Final Judgment by Default (Order) against Defendant Joseph Charles […]

By February 2, 2017 0 Comments Read More →
CoinWeek News Wire for December 30, 2016

CoinWeek News Wire for December 30, 2016

By Coinweek ….   CoinWeek News Wire for December 30, 2016 Brain Food 1.) The medal detective Few things mean as much to soldiers as their medals. But if the medals get lost, how do they find their way home? That’s where Major Zachariah Fike comes in… 2.) All India coin in India-1940-1965 3.) Falkirk’s […]

By December 30, 2016 0 Comments Read More →
CoinWeek News Wire for December 23, 2016

CoinWeek News Wire for December 23, 2016

By Coinweek ….   CoinWeek News Wire for December 23, 2016 Brain Food 1.) Q&A: James Halperin How did a pair of college dropouts who were business rivals come together to form what is now the third largest US-auction house with annual sales in excess of $860,000? Our merger occurred in 1982 when the coin […]

By December 23, 2016 0 Comments Read More →
Coin Shop Triple Murder Suspects Arrested

Coin Shop Triple Murder Suspects Arrested

By CoinWeek News Staff ….   A man and a woman suspected in the December 17 murder of a Jackson, Mississippi coin shop owner and his two employees have been arrested. On Saturday, someone entered Bill’s Coin Stamp and Jewelry and shot to death store owner Cleveland “Bill” Mosley (81), Robert Ivy (60) and Ted […]

By December 21, 2016 0 Comments Read More →
Triple Murder at Mississippi Coin Shop

Triple Murder at Mississippi Coin Shop

By CoinWeek News Staff ….   Three people were killed at a coin shop in Jackson, Mississippi on Saturday, December 17. The owner of the store, Cleveland “Captain Bill” Mosley, 81, was among the victims. Robert Ivy, 60, and Ted McLemore, 77, were also murdered in an apparent robbery/homicide. Jackson police received a call concerning […]

By December 19, 2016 0 Comments Read More →
CoinWeek News Wire for December 16, 2016

CoinWeek News Wire for December 16, 2016

By Coinweek ….   CoinWeek News Wire for December 16, 2016 Current Events 1.) The reasons Saudi Arabia stopped issuing paper riyals “The number of one Riyal banknotes constitutes half of the banknotes in circulation. This posed challenges and it was thus decided to gradually replace it with coins,” the monetary said… 2.) Venezuela to replace high […]

By December 16, 2016 0 Comments Read More →
 
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