By CoinWeek …. Civil forfeiture is a controversial tactic of government and law enforcement agencies. Your property can be taken without criminal charges levied against you, and it’s up to the Government to decide when (or if) you get it back. But two people in the Los Angeles area–people who might be considered typical bullion […]
The post FBI Accused of Keeping Gold Coins, Silver of Private Citizens appeared first on CoinWeek: Rare Coin, Currency, and Bullion News for Collectors.
By United States Attorney’s Office, District of Montana …… On Monday, November 7, 2022, a Colorado man who admitted to defrauding a Montana family of $391,280 USD by purporting to invest the money in gold in Africa was sentenced to 27 months in prison and fined $5,000, to be followed by three years of […]
The post Colorado Man Gets 27 Months for Africa Gold Scheme appeared first on CoinWeek.
By United States Attorney’s Office, Central District of California …… A former cargo handling company employee at Los Angeles International Airport (LAX) was sentenced on Monday, June 27, 2022, to 12 months in federal prison for stealing four gold bars that were part of a larger shipment headed from Australia to New York. Marlon […]
The post Former LAX Cargo Handler Sentenced to Prison for Stealing Gold Bars appeared first on CoinWeek.
By United States Attorney’s Office, District of Utah …… Gaylen Dean Rust, 62, of Layton, Utah, was sentenced to 19 years in federal prison by a U.S. District Court Judge on Tuesday, March 8, 2022, after being convicted of conspiracy to commit wire fraud, conspiracy to commit money laundering, and securities fraud. Rust was ordered […]
The post Owner of Rust Rare Coin Sentenced to 19 Years in Prison for Fraudulent Silver Trading Program appeared first on CoinWeek.
By United States Attorney’s Office, Southern District of Florida …… Jesus Gabriel Rodriguez, Jr., 45, former CEO of Transvalue, a South Florida company that transported gold, cash, and other valuables by armored truck, pled guilty yesterday to submitting false customs documents that hid the true origin of gold being imported into Miami as part […]
The post CEO of Florida Armored Transport Company Pleads Guilty in Dirty Gold Scheme appeared first on CoinWeek.
By United States Attorney’s Office, Southern District of California …… Global Gold Exchange, LLC and its managers, Richard M. Owen, James Warren, and Jeffrey Morrow, were sentenced in federal court on Friday, December 3 for committing multiple financial and firearms crimes, including laundering money through their unlicensed money transmitting business by falsely reporting transactions as […]
The post Gold Dealers Sentenced for Financial Crimes and Gun Crimes appeared first on CoinWeek.
By United States Attorney’s Office, Southern District of Florida …… South Florida federal prosecutors have charged a Miami-Dade County business owner with facilitating a $140 million transnational illicit gold smuggling operation aimed at laundering cash with alleged ties to criminal activity. According to the criminal complaint affidavit unsealed on June 22, Jesus Gabriel Rodriguez, Jr., […]
The post CEO of Florida Armored Transport Company Charged in Multimillion Dollar Dirty Gold Money Laundering Conspiracy appeared first on CoinWeek.
By United States Attorney’s Office, Central District of California …… Two cargo handling company employees who worked at Los Angeles International Airport (LAX) each pleaded guilty today to a federal criminal charge for stealing four gold bars that were part of a larger shipment headed from Australia to New York. Marlon Moody, 38, and Brian […]
The post Cargo Handlers at LAX Plead Guilty to Stealing Four Gold Bars Headed From Australia to New York appeared first on CoinWeek.
CoinWeek Podcast #159: The Infamous 1933 Double Eagle (with David Tripp) Mobile phone users. Stream this podcast for free by downloading the podomatic app or subscribe to the CoinWeek Podcast on iTunes. This week on the CoinWeek Podcast, numismatic researcher and author David Tripp joins us to talk about the 1933 Double Eagle. You know that […]
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Defendants Defrauded 140 Victims of More Than Eight Million Dollars By United States Attorney’s Office, District of Utah …… Marc Tager, Jonathon Shoucair, Matthew Mangrum, and Kenneth Gross have all been sentenced for their role in an eight million dollar telemarketing fraud scheme that promised investors, most of them elderly, that their business […]
The post Four Sentenced for Advanced Fee Scheme That Promised to Turn Dirt Into Gold appeared first on CoinWeek.
By Mike Garofalo for PCGS …… Thursday, October 5, 1967, was a really terrific day for this author. I was 14 years old, a freshman in high school, and my beloved Boston Red Sox had just played Game 2 of baseball’s 1967 World Series. The Sox pitching ace, Jim Lonborg, shut out the St. […]
The post The Great du Pont Coin Robbery… and Recovery appeared first on CoinWeek.
By United States Attorney’s Office, Southern District of California …… Global Gold Exchange, LLC and its managers, Jeffrey Morrow and Richard M. Owen, pleaded guilty in federal court on August 2 to multiple financial crimes, admitting that they laundered money through their unlicensed money transmitting business by falsely reporting cash transactions as sales of “gold” […]
The post Managers of California-Based Global Gold Exchange Plead Guilty to Money Laundering appeared first on CoinWeek.
By Commodity Futures Trading Commission …… On Thursday, July 25, the U.S. Commodity Futures Trading Commission issued two orders filing and settling charges against former precious metals traders at separate financial institutions who entered into formal cooperation agreements with the CFTC’s Division of Enforcement and admitted to spoofing and manipulative conduct in the futures markets. […]
The post Two Former Precious Metals Traders Admit To Manipulation at New York Banks appeared first on CoinWeek.
By Federal Bureau of Investigation …… Miami-based, gold refinery Republic Metals Corporation (RMC) executed a non-prosecution agreement with the United States Attorney’s Office for the Southern District of Florida after cooperating in an investigation focusing on money laundering and violations of the Bank Secrecy Act in the gold importation and refining industry. Under the terms […]
The post United States and Cooperating Gold Refinery Enter Agreement After Money Laundering Investigation appeared first on CoinWeek.
By Federal Bureau of Investigation …… Harry Dean Proudfoot III, 79, formerly a resident of Tigard, Oregon, was sentenced on Tuesday, April 9, to 84 months in federal prison and three years’ supervised release for running a fraudulent gold mining investment scheme and stealing approximately $4 million from more than 140 investors. According to […]
The post Oregon Man Sentenced to Seven Years Federal Prison for Defrauding Investors in Ohio Gold Mine appeared first on CoinWeek.
By Minnesota Commerce Department …… The Minnesota Commerce Department announced that a federal grand jury in the Western District of Wisconsin (Madison) has returned an indictment against a former Twin Cities area bullion coin dealer. Jamie Lee Smith, 41, of Baldwin, Wisconsin, was charged on November 28 in a 23-count indictment with wire fraud, […]
The post Former Twin Cities Bullion Coin Dealer Indicted for $1.1 Million Fraud Scheme appeared first on CoinWeek.
By Commodity Futures Trading Commission …… The Commodity Futures Trading Commission (CFTC) filed a federal civil enforcement action in the U.S. District Court for the Western District of Texas against Defendant Charles H. McAllister, of Auburn, Alabama, charging him with fraud and misappropriation in connection with contracts of sale of precious metals through his company, […]
The post Bullion Dealer Charles Mcallister Charged with Fraud & Money Laundering appeared first on CoinWeek.
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 […]
The post Former Northwest Territorial Mint President Ross Hansen Indicted for Fraud appeared first on CoinWeek.
By Federal Bureau of Investigation …. EDITORS NOTE – CoinWeek reported on this investigation on April 17, 2017. You can read that article here ….. Four Peruvian citizens were indicted for their alleged involvement in a multi-billion dollar, international gold money laundering scheme. On November 16, 2017, Pedro David Perez Miranda, a/k/a “Peter Ferrari,” a/k/a “Peter,” […]
The post Four Peruvian Members of Multi-Billion Dollar, International Gold Money Laundering Scheme Indicted appeared first on CoinWeek.
All dealers should be cautious about possible long-term ramifications of cashing fraudulent checks A long-time member of the Professional Numismatists Guild (www.PNGdealers.org) assisted the Federal Bureau of Investigation in solving a case involving an attempt by suspected thieves to purchase $2 million of gold using a bank check with the forged signature of a deceased New […]
The post Numismatic Crime – PNG Dealer Helps FBI Nab Theft Suspects appeared first on CoinWeek.
All dealers should be cautious about possible long-term ramifications of cashing fraudulent checks
(Temecula, California) December 19, 2017 — A long-time member of the Professional Numismatists Guild (PNG) assisted the Federal Bureau of Investigation in solving a case involving an attempt by suspected thieves to purchase $2 million of gold using a bank check with the forged signature of a deceased New York City woman.
It is a cautionary tale for all dealers about the potential long-term effects of cashing a fraudulent check, even if they first verified the account with the bank
All dealers should be cautious about possible long-term ramifications of cashing fraudulent checks
(Temecula, California) December 19, 2017 — A long-time member of the Professional Numismatists Guild (PNG) assisted the Federal Bureau of Investigation in solving a case involving an attempt by suspected thieves to purchase $2 million of gold using a bank check with the forged signature of a deceased New York City woman.
It is a cautionary tale for all dealers about the potential long-term effects of cashing a fraudulent check, even if they first verified the account with the bank
By Coinweek …. CoinWeek News Wire for October 27, 2017: Brain Food 1.) Coin stash that puts new spin on China’s 100 years of humiliation Inside a nondescript Hong Kong warehouse sit seven tons of Qing dynasty coins – proof, their owner says, that it was the imperial monetary system, not the opium trade, that […]
The post CoinWeek News Wire for October 27, 2017: The Bitcoin Revue, Vending Machines for Crows appeared first on CoinWeek.
By U.S. Attorney’s Office ….. A former resident of Old Tappan, New Jersey, was sentenced on October 20, 2017 to 15 months in prison for evading personal income taxes on more than $400,000 in income in 2013, Acting U.S. Attorney William E. Fitzpatrick announced. William Dominick, 69, of Collier County, Florida, previously pleaded guilty before […]
The post Former NJ Coin Dealer Gets 15 Months in Prison for Income Tax Evasion appeared first on CoinWeek.
By Federal Bureau of Investigation …. A Beverly Hills man who has a long history of swindling investors and admitted most recently to participating in a scheme involving bogus gold contracts – and giving fake gold bars as “collateral” to victims – has been sentenced to 96 months in federal prison. Mark Ross Weinberg, […]
The post Longtime Con Man Gets 8 Years in Federal Prison for $3 Million Gold Investment Scheme appeared first on CoinWeek.
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 […]
The post Texas Man Arrested for Fraud Involving Rare Coins appeared first on CoinWeek.
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 […]
The post Mystery Babylon: Revelations Lead to Fraud Convictions for “End of the World” Gold Scammers appeared first on CoinWeek.
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 […]
The post FBI: Man Pleads Guilty To Coin And Jewelry Store Armed Robbery appeared first on CoinWeek.
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 from […]
The post NTR Metals and Illegal South American Gold appeared first on CoinWeek.
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 […]
The post FBI: Former New Jersey Coin Dealer Admits Identity Theft, Income Tax Evasion appeared first on CoinWeek.
By Scott Barman for the Gold & Silver Political Action Committee ….. From the Political Coordinator Every four years we elect a president and vice president. By definition, elections are politically motivated exercises and candidates look to convince you to elect them and not their opponent. I used an opportunity to have a discussion about […]
The post Gold & Silver PAC October 2016 e-Newsletter appeared first on CoinWeek.
By CoinWeek News Staff …. Never take the Federal Reserve’s lunch money. That’s the message 49-year-old Stephen Lancaster Dennis received on Monday, March 7, 2016 as he reached a plea agreement in federal court for the theft of 784,000 quarters ($196,000) from a Brink’s location in Birmingham, Alabama in 2014. At the time of the […]
The post Brink’s Manager Steals Almost $200,000 in Quarters from Federal Reserve appeared first on CoinWeek.