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 […]

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By European Central Bank….   445,000 counterfeit euro banknotes were withdrawn from circulation in the second half of 2015. 83% of the counterfeits were €20 and €50 banknotes. Some 445,000 counterfeit euro banknotes were withdrawn from circulation in the second half of 2015, two percent fewer than in the first half of the year, the […]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

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 CoinWeek News Staff….   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 States […]

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 →
Two Murdered in Broad Daylight at Cheyenne, Wyoming Coin Shop

Two Murdered in Broad Daylight at Cheyenne, Wyoming Coin Shop

By CoinWeek News Staff….   Numismatic Crime Information Center is offering a $5000 Reward for information that leads to the arrest and conviction of the killer. On Monday, July 20, 2015, two men were shot dead inside of a Cheyenne, Wyoming coin shop, during the commission of an armed robbery. Police have identified the victims […]

By August 4, 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 →
Biannual Information on Euro Banknote Counterfeiting

Biannual Information on Euro Banknote Counterfeiting

Decline in euro banknote counterfeits in first half of 2015 – overall number remains very low By European Central Bank….   454,000 counterfeit euro banknotes were withdrawn from circulation in the first half of 2015 86% of the counterfeits are €20 and €50 banknotes All euro banknotes can be easily verified using the “feel, look […]

By July 17, 2015 0 Comments Read More →
Alves Reis: The Man Who Would Be Rich

Alves Reis: The Man Who Would Be Rich

While there have been counterfeiting operations throughout history, few have been as coordinated and successful as the one that Alves Reis carried out in Portugal By Zachary Habermas – Paper Money Guaranty   Originally posted at www.pmgnotes.com on 7/1/2015. Throughout history there have been sophisticated schemes involving the counterfeiting of currency. Some have involved individuals […]

Third Circuit Asked to Rehear Case Involving Langbord 1933 Double Eagles

Third Circuit Asked to Rehear Case Involving Langbord 1933 Double Eagles

By CoinWeek News Staff….   On Wednesday, July 1, the United States Attorney’s Office in Philadelphia filed a petition with the Third Circuit Court of Appeals on behalf of the U.S. Federal Government, seeking a rehearing in the case of Langbord et al v. U.S. Department of Treasury et al (Case No. 12-4574). A three-judge […]

NCIC to Offer 1-Day Training Course to Law Enforcement

NCIC to Offer 1-Day Training Course to Law Enforcement

The Numismatic Crime Information Center (NCIC) will offer a one-day training course on “Numismatic Crime Investigations” for local, state and federal law enforcement officers during the ANA World’s Fair of Money August 11-15, 2015 in Rosemont, Illinois. The eight-hour class is designed to provide law-enforcement personnel, including patrol officers, detectives, investigators and prosecutors, with the […]

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 →
 
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