Category Archives: Consumer Alert

The Continuing Threat of Counterfeits: A Problem for Numismatics and the NBA

By Michael Fuljenz – Universal Coin & Bullion …… Counterfeit products – including fakes of rare and circulating U.S. coins and precious metal bullion coins– have been a continuing and are a still-growing problem. In the past few years, I have examined several customers’ coin collections and sadly detected one or more counterfeit coins in each. In one instance, […]

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Gold Dealers Seeing New Buyers While Some Earlier Buyers Are Now Selling

“If you don’t know gold, you’d better know your gold dealer,” cautions the leader of the Accredited Precious Metals Dealer program of the Professional Numismatists Guild   Dealers who sell bullion gold and silver bullion coins report an increase in new customers who want to own precious metals. They also are seeing some earlier customers […]

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CFTC: Beware of Gold and Silver Schemes Designed to Drain Your Retirement Savings

By Commodity Futures Trading Commission (CFTC) …. The Commodity Futures Trading Commission (CFTC) advises the public not to take cash from their retirement plans under relaxed distribution rules provided in the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to speculate or invest in gold, silver, or other precious metals without first consulting licensed […]

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Buyers and Sellers Taking Advantage of Gold, Silver Prices But Some Inventories Low

Accredited Precious Metals Dealers Urge Caution Against Market Scams   The recent jump in the price of gold due to stock market decreases and fear of the coronavirus has attracted new retail customers. The financial and public health concerns have also lured a return of many previous gold and silver bullion customers, but some inventories […]

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Counterfeit Precious Metals Websites Erupt With Volatility of Market

The March 24, 2020 consumer/investor advisory statement below is from Doug Davis, Director of the Anti-Counterfeiting Task Force of the non-profit Anti-Counterfeiting Educational Foundation (ACEF). Mr. Davis is a former Texas police chief. * * * The 11-year low in silver and the uncertainty of the economy during the COVID-19 crisis has triggered the rush […]

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Easily Report Suspected Fakes With Online Help From Anti-Counterfeiting Educational Foundation

See it? Report it! The Anti-Counterfeiting Educational Foundation (ACEF) now provides collectors, dealers, the general public and victims of suspected fraud with a convenient and secure way to report information about counterfeit coins, bars, holders, rounds, mint products, paper money or other suspicious counterfeit related activities. “See it? Report it! If you have information about […]

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Jeff Garrett – A Christmas Miracle and Lessons Learned

A lost coin is found and lessons are learned in a numismatic holiday caper By Jeff Garrett for Numismatic Guaranty Corporation (NGC) …… Last week, I experienced one of the most amazing events of my 45-year numismatic career. While I have often said that every day in my profession is like the Antiques Roadshow, seldom […]

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PNG: Must-Know Tips to Avoid Gold Scams

Adding gold, silver or platinum bullion coins or ingots to an investment portfolio can be a smart choice, but knowing your seller can be a crucial choice, advises the Professional Numismatists Guild (PNG), a nonprofit organization of many of the country’s top rare coin and bullion coin experts. In recent months, law enforcement officials in […]

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NCIC: Stolen Coins Recovered, Arrest Made in Bad Checks Case

By Doug Davis – Founder & President, Numismatic Crime Information Center (NCIC) …… $20,000 Gold Theft-Suspects Identified Rochester, Minnesota police are investigating the theft of $20,000 USD in gold coins from Med City Coins. Two white males with heavy accents entered the store flashing a large amount of cash and wanting to buy gold coins. […]

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Don’t Be Rushed In New Gold Rush, Veteran Bullion Dealers Caution

Investors wanting to enter the gold and silver markets or add to existing portfolios should be wary of potential counterfeits, plated “gold coins”, or overpaying for any purchases. This advice comes from the Accredited Precious Metals Dealers (APMD) division of the nonprofit Professional Numismatists Guild (PNG). “The new ‘Gold Rush’ of significantly higher prices this […]

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PNG Offers to Assist Victims of Coin Doctoring

As part of its on-going efforts to combat “coin doctoring”, the Professional Numismatists Guild (PNG) is urging dealers and collectors to respect the heritage and historical significance of all coinage to preserve the past as best as possible. PNG also is offering to assist anyone who suspects he or she unwittingly purchased a doctored coin. […]

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CoinWeek IQ: A Guide to Certified Coin Stickers

Not all MS65s are created equal   By Lianna Spurrier for CoinWeek ….. [Editor’s Note: It must be understood that certification services (such as those mentioned below) that sticker certified coins accept that the original grading service made the correct call as to a given coin’s grade. The purpose of a sticker is to provide […]

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Gold & Precious Metals: Ninth Circuit Rules for CFTC in Fraud Case Against Monex

By Commodity Futures Trading Commission …. On Thursday, July 25, the United States Court of Appeals for the Ninth Circuit reinstated its anti-fraud enforcement action against Monex Deposit Company and its affiliated companies and principals. The Ninth Circuit held that the district court erred in dismissing the case, and ruled that the CFTC’s charges of […]

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PNG Suspends Member Jason Bradford

The Professional Numismatists Guild (PNG) suspended the membership of Jason Bradford on July 18, 2019, for conduct prejudicial to the PNG, including violation of the Code of Ethics, according to PNG Executive Director Robert Brueggeman. Bradford, of Legacy Currency Grading in Brentwood, Tennessee, joined the PNG in 2015 as member #765. According to Brueggeman, the […]

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Minnestoa Dealer Sentenced to 30 Months Federal Prison for Selling Counterfeit Coins

Fraud scheme carried out in multiple states, some victims still may be unidentified   By Anti-Counterfeiting Educational Foundation (ACEF) …… Minnesota coin dealer Barry Ron Skog, 68, was sentenced July 9 to 30 months in federal prison for carrying out a counterfeit coin fraud scheme in multiple states. In addition, Judge Wilhelmina M. Wright, U.S. […]

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Gold Price Jump Increases Potential for Gold-Selling Scams, Experts Caution

With the recent, rapid jump in the price of gold, investors should beware of scam artists trying to lure them with urgent claims of too-good-to-be-true low prices and quick, guaranteed bullion market profits, cautions leaders of the Accredited Precious Metals Dealer (APMD) program, a division of the nonprofit Professional Numismatists Guild (PNG). “Don’t make a […]

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Gold & Silver PAC News – April/May 2019: Online Sales Tax Collection

By John Villavicencio for the Gold & Silver PAC ……   Gold & Silver News From the Political Coordinator   April showers bring… taxes The tax filing deadline for 2018 has come and gone, but what do you need to know for your 2019 taxes? If you sell on eBay or do business in California, keep […]

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Numismatic Auction Site Sixbid.com Alerts Collectors to Fake Invoice Scam

By CoinWeek Staff Reports …. On Monday, April 1, internet auction site Sixbid.com sent out a notice that several auction houses who sell coins and other numismatic items through the site were reporting that bidders were receiving fake invoices and “second chance offers” via email that falsely claim to be from the aforementioned auctioneers and […]

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NCIC: Help Identify Suspects in Multiple Gold, Coin Store Robberies

  By Doug Davis – Founder & President, Numismatic Crime Information Center (NCIC) …… Assistance Needed – Suspect Identification The Numismatic Crime Information Center (NCIC) is working with the NYPD Major Theft Unit to identify gold and jewelry theft victims that involved the person pictured below. The subject has been traveling across the US targeting […]

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Counterfeit Coin Detection – Fake $5 Indian Half Eagle with “Stock Reverse”

Counterfeit 1915-S $5 Indian Gold Half Eagle / stock reverse By Max Spiegel – Numismatic Guaranty Corporation …… NGC receives countless fakes struck from stock dies. Many counterfeit coins, especially gold coins, were struck from stock dies, which were reused on multiple issues. A counterfeiter saved time and money by using one die, such as […]

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NCIC: Finest Known of Only Six Aluminum Morgan Dollars Missing or Stolen

Recent Alerts From the Numismatic Crime Information Center   By Doug Davis – Founder & President, Numismatic Crime Information Center (NCIC) …… Missing/Stolen – Rare Finest Known Aluminum Morgan A registered USPS package has been reported missing/stolen. The package contained the following coin: 1885 Edge Lettered Aluminum Snowden $1 Morgan, PCGS PR68 Cameo Judd-1749 CAC. […]

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Recent Numismatic Crime You Should Be Aware Of – Stay Alert

By Doug Davis – Founder & President, Numismatic Crime Information Center (NCIC) …… USPS Losses The following two offenses have been reported stolen/missing. #1 The following two coins were sent priority mail from Carson City, Nevada to Fort Worth, Texas. They have been reported missing/stolen: #2 A registered package being sent from Honolulu to Redondo […]

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Stay Alert – Recent Numismatic Crime You Should Be Aware Of

By Doug Davis – Founder & President, Numismatic Crime Information Center (NCIC) ……   Suspects Change Theft Pattern/MO During the past 45-60 days, NCIC has seen a change in the pattern and MO of Roma gang suspects. It is evident that these individuals are beginning to target smaller shows. Coin show dealers and promoters should […]

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Help NCIC Fight Numismatic Crime

By Doug Davis – Founder & President, Numismatic Crime Information Center (NCIC) …… The Numismatic Crime Information Center (NCIC) was established in 1986 to coordinate and collaborate initiatives between law enforcement and the numismatic community in “Targeting Numismatic Crimes Around the World”. NCIC is devoted exclusively to assisting law enforcement and victims during the investigation […]

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Stay Alert – Recent Numismatic Crime You Should Be Aware Of

By Doug Davis – Founder & President, Numismatic Crime Information Center (NCIC) …… Traveling Suspect The suspects pictured were in Grants Pass, Oregon yesterday mid-morning and responsible for stealing $7,000 in gold coins. At approximately 4pm the same suspects were in a shop in Redding, California approximately 200 miles away. The owner contacted the Numismatic […]

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Stay Alert – Recent Numismatic Crime You Should Be Aware Of

By Doug Davis – Founder & President, Numismatic Crime Information Center (NCIC) …… Vehicle Burglary, Inventory Stolen The owner of Coin Castle Coins was the victim of a vehicle burglary while traveling home after a recent Chattanooga coin show. The victim had stopped in Hurricane Mills, Tennessee and unknown person or persons smashed the back […]

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Recent Numismatic Crime you should be aware of – Stay Alert !

The Following reports are distributed by The Numismatic Crime Information Center run by Doug Davis.  Anyone with information on ANY of these crimes should contact: Doug Davis 817-723-7231 or email him at Doug@numismaticcrimes.org July 30, 2018 Traveling Theft Suspects The following suspects may be part of a traveling group and have committed several coin thefts for […]

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Traveling to Coin Shows – Minimize Risk Of TSA Confiscating Bullion, Rare Coins, Or Cash

Traveling with Coins, Cash and Precious Metals – Beware the TSA Commentary on Traveling with Coins, Cash and Precious Metals Prepared for CoinWeek.com By Patrick A. Heller A while back, a woman contacted me with a problem. She was preparing to take a domestic flight the next day carrying 15 US $20.00 Double Eagles in […]

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Traveling to Coin Shows – Minimize Risk Of TSA Confiscating Bullion, Rare Coins, Or Cash

Traveling with Coins, Cash and Precious Metals – Beware the TSA Commentary on Traveling with Coins, Cash and Precious Metals Prepared for CoinWeek.com By Patrick A. Heller …..   A while back, a woman contacted me with a problem. She was preparing to take a domestic flight the next day carrying 15 U.S. $20.00 Double […]

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Silver, Gold American Eagles Most Counterfeited Bullion Coins: ICTA

By Industry Council for Tangible Assets ……   Since 1986 when the United States Mint first introduced silver and gold American Eagle bullion coins, they have been top sellers in the United States as well as around the world. A new survey conducted by the Anti-Counterfeiting Task Force (ACTF) indicates the popular U.S. bullion coins […]

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Coin Shop Robbery Policy and Procedures – A Risk Assessment

By Numismatic Crime Information Center …….   The recent alert sent out by the Numismatic Crime Information Center (NCIC) showed graphic photos of the recent armed robbery of Fort Worth Coin Company in Fort Worth, Texas. The incident illustrates the risk of operating a brick-and-mortar business. It is imperative that shop owners have robbery policy […]

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Numismatic Crime Information Center Update for May 29, 2018

By Doug Davis – Founder & President, Numismatic Crime Information Center (NCIC) ……   USPS Lost/Stolen The coins listed below have been reported lost/Stolen. The coins were sent via USPS and the last known location was San Diego, California: 1891-CC Top 100 VAM 3 Spitting Eagle Morgan Dollar NGC AU-58 07779158004653665003 1891-CC Top 100 VAM […]

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Former Northwest Territorial Mint President Ross Hansen Indicted for Fraud

Along with Former Vault Manager, Former Northwest Territorial Mint President Ross Hansen was indicted for Defrauding Customers with False Promises about Bullion Delivery, Storage, & Leasing; Over 3,000+ Customers may have lost more than $25 Million By United States Attorney’s Office, Western District of Washington ……   The former President and CEO and the former vault […]

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Hotel Scam Alert – Philadelphia ANA World’s Fair of Money Hotels

Did you receive an email or call trying to sell you a Philadelphia World’s Fair of Money hotel room?  The ANA did not authorize this. This is a hotel scam alert …… A scam has come to our attention that a third-party booking company inaccurately representing itself as our hotel vendor is contacting ANA members, […]

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United States Mint Updates Collectible Coin Return Policy

The United States Mint announces an update to its Numismatic Customer Return Policy to address the issue of excessive returns. For many years, the U.S. Mint has been pleased to offer customers the option of returning any Mint product for exchange or refund within seven days of purchase for any reason and without restriction. A […]

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ICTA News: Exercise Caution with Gold IRA Home Storage, NC Dealer Wins Award

By Industry Council for Tangible Assets ….. Investors Should Exercise Caution Investing in Gold Individual Retirement Account with Home Storage Some precious-metals bullion dealers recently have been advertising “home storage” as a legal and beneficial option for storing bullion that may be invested in a gold individual retirement account (IRA). The “home storage” concept may conflict […]

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Bitcoin & Cryptocurrency – CFTC Launches Virtual Currency Resource Web Page

By Commodity Futures Trading Commission Bitcoin web page…. On December 15, the U.S. Commodity Futures Trading Commission (CFTC) launched a virtual currency resource web page, cftc.gov/bitcoin. This dedicated page is a central repository for Commission-produced resources about virtual currency, and is designed to educate and inform the public about these commodities, including the possible risks associated […]

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Confused Over GOP Tax Legislation and Like-Kind Exchanges? ICTA Can Help

By Industry Council for Tangible Assets ….. There is misinformation floating out around the dealer community intermingling “like-kind exchanges” and three different sections of the tax code (1031, 1099-b and bartering). The Industry Council for Tangible Assets (ICTA) has produced a white paper which goes into detail providing a comprehensive explanation of each section of […]

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Modern Gold Plated Proofs -Not affiliated with, licensed or endorsed by the US Mint

By Richard Schwary – California Numismatic Investments How many times have you seen this disclaimer on those cheesy TV ads selling something which looks like a 1929 proof $5 Indian gold piece? And don’t laugh I get a call on something like this once a week. For the record there were never any proof $5 […]

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Struck Counterfeit Coin of the Week: 1797 “S-136” Large Cent + 1-Page Attribution Guide

By Jack D. Young, Early American Coppers (EAC) …… This latest installment in the continuing summary of the deceptive struck counterfeits documented to date concerns the 1797 “S-136” Large Cent. As with previous articles in this series I have included a one-page attribution guide to aid in the identification of any that are still out […]

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PNG: Three Tips To Avoid Gold Scams

Following the recent fraud charges filed by the Commodity Futures Trading Commission (CFTC) against a California gold seller, a trade group composed of veteran precious metals experts is urging investors to take three important steps before making any purchases of gold, silver or platinum ​bullion ​coins or ingots. “To avoid paying too much when you […]

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Convicted Gold Scammer Larry Bates Sentenced to 21 Years in Federal Prison

Convicted of all 46 counts against him, 73-year-old Bates evades maximum sentence of 20 years for each one By Hubert Walker for CoinWeek …. On Thursday, September 7, the Acting United States Attorney for the Western District of Tennessee, Lawrence J. Laurenzi, announced the federal sentences given to Larry Bates and three other members of […]

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CFTC Files Complaint Against Monex Alleging $290 Million Fraud

One of the largest cases of fraud the CFTC has ever dealt with, according to new lawsuit By CoinWeek News Staff …. On Wednesday, September 6, the Commodity Futures Trading Commission (CFTC) filed a civil injunction against three associated precious metals trading companies and the father and son partners who run them. The three companies, […]

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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 […]

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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 […]

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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 […]

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CoinWeek News Wire for March 10, 2017

By Coinweek …. CoinWeek News Wire for March 10, 2017 Brain Food 1.) Switzerland ranked world’s worst currency manipulator The Economist magazine placed Switzerland first in a recent ranking of currency manipulators. According to the analysis, China, commonly thought of as the world’s champion at keeping its currency’s value artificially low, appears to be doing […]

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

By Federal Bureau of Investigation …. A former resident of Old Tappan, New Jersey, today admitted evading personal income taxes on more than $400,000 in income in 2013, U.S. Attorney Paul J. Fishman announced. William Dominick, 68, of Collier County, Florida, pleaded guilty before U.S. District Judge Anne E. Thompson in Trenton federal court to […]

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Gold & Silver PAC February 2017 e-Newsletter

By Scott Barman for the Gold & Silver PAC ….. From the Political Coordinator As I was sitting down to talk with an old friend over coffee, he turns to me and says, “I think frankly when it comes to chaos you ain’t seen nothing yet.” This Washington veteran, who began his career as an intern […]

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Are “Unsearched” Penny Rolls Worth Buying?

By Joshua McMorrow-Hernandez for CoinWeek.com …… I recently had the guts to spend more than $100 in buying unsearched rolls of old one-cent coins on eBay. I know, I know, you’re probably wondering what possessed me to spend so much money on a bunch of circulated, common-date wheat cents. I’m sure I’d be giving P.T. […]

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NCIC: Reward Offered for Recovery of Stolen Coins

By Numismatic Crime Information Center ……. On Friday January 6, 2017, during the FUN Show, the hotel room of a collector was burglarized, resulting in the loss of 19 coins, mostly US Bust Half-Dollars. An itemized list appears below. The total value exceeds $40,000 USD. Fort Lauderdale police and Doug Davis of the Numismatic Crime […]

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Be Wary of So-Called “Trump Coins” Cautions Professional Numismatists Guild

  So-called “Trump coins” are being offered in the marketplace, and they may be delightful souvenirs, but in many cases should not be mistaken for “rare coins,” cautions the Professional Numismatists Guild. In some cases, the items being offered are not even actually coins despite how they’re advertised, according to the PNG. “Buyers today may […]

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CoinWeek News Wire for November 11, 2016

By Coinweek …. CoinWeek News Wire for November 11, 2016 Current Events 1.) Some Central Florida toll booths not registering $1 coins Central Florida Expressway Authority officials said they weren’t aware of the problem until Channel 9 brought it to their attention… Under the Radar 2.) Commemorative Singapore Botanic Gardens coin unveiled A commemorative coin showcasing iconic features of the Singapore […]

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CoinWeek News Wire for October 28, 2016

By Coinweek …. CoinWeek News Wire for October 28, 2016 Brain Food 1.) Is It Illegal to Deface US Currency? While this video may be ridiculously awesome, because Bill Murray is super cool, have you ever wondered if it is illegal to deface or alter a U.S. bank note? 2.) 7 Tips For Surviving Your First […]

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CoinWeek News Wire for October 14, 2016

By CoinWeek …. CoinWeek News Wire for October 14, 2016 Brain Food 1.) A guide to valuing all your old Irish coins (PHOTOS) Between the formation of the Republic of Ireland, the shift towards decimalization, and the introduction of the Euro, Irish currency underwent a great number of changes over the past 100 years, resulting in […]

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NCS Conservation: Special Concerns For Gold Coins

Although gold coins are less impacted by environmental effects than silver and copper coins, they are not completely impervious to such damage Even though gold is the most stable metal typically used to make coins, a gold coin or one that is mostly gold is not impervious to the perils of poor long-term storage. Problems […]

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NCIC: Sting Nets Arrests in Coin Dealer Vehicle Burglaries

By Numismatic Crime Information Center ……. On August 27, 2016 Thomas Gintz, owner of A & E Coin in Dover, Ohio had attended the Blue Ridge Numismatic Association coin show in Dalton, Georgia. After leaving the show he drove approximately 150 miles and stopped at a restaurant in Lenoir City, Tennessee. Gintz was in the […]

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How Big Is the Rare Coin Counterfeiting Problem?

By Jeff Garrett for Numismatic Guaranty Corporation ……   The issue of counterfeit coins has been around for a very long time For years, the numismatic industry has dealt effectively with the problem of counterfeit rare coins. You can read numismatic journals from the 19th century and realize that collectors were dealing with the problem even […]

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5 Ways You Can Avoid Falling for Counterfeit Coins

By Littleton Coin Company ……….. There’s been a lot of buzz lately in the numismatic world about counterfeit coins – especially those coming from China. Counterfeiting is as old as coins themselves. However, the biggest problem with these newer fraudulent coins is that better technology makes them harder to detect – since they appear more […]

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Consumer Alert – Use Caution to Avoid Gold, Silver Counterfeits Advises Professional Numismatists Guild

Beware of counterfeit vintage rare coins and fake modern gold and silver bullion items now being offered in the marketplace. Purchase only from reputable dealers, cautions the Professional Numismatists Guild (PNG). The PNG is a nonprofit organization composed of many of the country’s top numismatic experts. Counterfeit 2012-dated American Eagle $50 denomination one-ounce gold bullion […]

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Numismatic Crime – NCIC Weekly Bulletin, April 28

News and Alerts Concerning Numismatic Crime for the Month of April By Numismatic Crime Information Center ……   Vehicle Burglarized Below is a list of US coins and paper money stolen from Dick August after leaving a coin show in Westford, Massachusetts on April 24, 2016. Mr. August stopped a short distance from the show […]

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Ron Drzewucki’s Bullion Sales Tax Series, State by State: Pt. 3

By Ron Drzewucki – www.moderncoinwholesale.com…..   Link to Part 1 | Part 2 In the U.S., sales tax is levied on a state and local level, so there is no one rule that fits all precious metal purchases. The complications wrought by conflict between the tax laws applying to the buyer versus the tax code […]

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Ron Drzewucki’s Bullion Sales Tax Series, State by State: Pt. 2

By Ron Drzewucki – www.moderncoinwholesale.com….. In the U.S., sales tax is levied on a state and local level, so there is no one rule that fits all precious metal purchases. The complications wrought by conflict between the tax laws applying to the buyer versus the tax code applicable in the dealer’s location is inefficient and […]

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Minimize Risk Of TSA Confiscating Your Precious Metals, Rare Coins, Or Cash

Commentary on Precious Metals Prepared for CoinWeek.com By Patrick A. Heller Last week, a woman contacted me with a problem. She was preparing to take a domestic flight the next day carrying 15 US $20.00 Double Eagles in her purse. Like many of you, she has seen the significant recent media coverage about government officials […]

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As Legal Issues Mount, Merit Gold Customers Seek Relief

By Charles Morgan and Hubert Walker for CoinWeek… In CoinWeek’s initial report on Merit Gold and Silver, we wrote that the Santa Monica City’s Attorney’s Office had filed a complaint against the firm, alleging that Merit had “engaged in an aggressive, nationwide fraud scheme that… bilked customers out of tens of millions of dollars”, and […]

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As Legal Issues Mount, Merit Gold Customers Seek Relief

By Charles Morgan and Hubert Walker for CoinWeek… In CoinWeek’s initial report on Merit Gold and Silver, we wrote that the Santa Monica City’s Attorney’s Office had filed a complaint against the firm, alleging that Merit had “engaged in an aggressive, nationwide fraud scheme that… bilked customers out of tens of millions of dollars”, and […]

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