News
Lawsuits filed over 'First Strikes'
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By Todd Hafer "I consider it outright fraud," said the Miami, Fla., attorney who filed a class-action lawsuit against Numismatic Guaranty Corporation and Professional Coin Grading Service alleging that the third-party grading services are deceiving eventual buyers by labeling coins as first strikes. |
Despite Ch. 11 and fraud allegations, coin dealer back in business
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Friday, August 21, 2009 Tampa Bay Business Journal - by Jane Meinhardt Staff Writer TAMPA — Well-known and embattled coin dealer Mark Yaffe has a new company with what may be an appropriate name: The Phoenix Gold Corp. Just two weeks after National Gold Exchange Inc. — the coin business Yaffe and his brother opened more than 20 years ago — filed for Chapter 11 bankruptcy reorganization, Yaffe is operating another firm dealing in coins. |
Rare coin investment fraud happens
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May 11, 2009 by By Mark Mathosian “Boiler Room meets Antiques Road Show.” That’s the way Elliot Spitzer, former New York attorney general, described a $25 million dollar rare coin sales scam that defrauded over 1,000 customers a few years ago. In Florida, a coin dealer from Miami was indicted for allegedly pulling a similar scam. A sad fact is that even when these fraudsters are convicted, coin investors will likely still lose their money. That’s why it’s important for you to understand a little about the rare coin market and where to get independent information before you buy or invest. |
Paper gold on COMEX is a big scam
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December 07, 2009 The Chinese are trying to finesse that purchase. What a scam paper gold is! |