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Counterfeit Coin Scam Hits Monterey
May 05, 2010 Monterey, CALIF- A state wide counterfeit coin scam hits the Central Coast costing one bushiness owner thousands of dollars. The counterfeit coin came in a case and it appeared to be certified by a reputable company. But when they opened the case they found two different coins that had been cut in half and pasted together. |
DISMANTLED IN N.Y.,COIN SCAM RESURFACED IN DELRAY, FEDS SAY COIN
Accused of running a $40 million boiler room scam on New York's Long Island, Joseph Romano posted bond, headed to Delray Beach and continued preying on elderly victims, federal authorities said Friday. Romano and a co-conspirator, Russell Barnes, used a slick Web site, cold calls and high-pressure sales tactics to sell rolls of coins to unsuspecting buyers, according to court documents filed by Assistant U.S. Attorney Lara Treinis Gatz. Now, Gatz is arguing the duo should be jailed until their cases are resolved. |
2 arrested in New York in coin fraud cases prey on elderly in South Florida, authorities say
March 26, 2010 By Michael LaForgia, The Palm Beach Post Accused of running a $40 million boiler-room scam on New York's Long Island, Joseph Romano posted bond, headed to Delray Beach and continued preying on elderly victims, federal authorities said Friday. Romano and a co-conspirator, Russell Barnes, used a slick website, cold calls and high-pressure sales tactics to sell rolls of coins to unsuspecting buyers, according to court documents filed by Assistant U.S. Attorney Lara Treinis Gatz. Now, Gatz is arguing the duo should be jailed until their cases are resolved. |
UPDATE: Seller, beware - Gold-buying carpetbaggers set up shop in hotel
Jerry Jordan Another out-of-state gold buying company has set-up shop in a local hotel in hopes of separating local citizens from their valuable gold, silver and collectible items. This week, GoldRush took out a full-page advertisement in the Beaumont Enterprise announcing "Top Dollar Paid" on items brought to its sale at the Hilton Garden Inn. But just like three previous companies that have come through town promising big payouts but offering pennies on the dollar, GoldRush was right on cue. On Tuesday, The Examiner brought in its entire supply of coins, scrap gold and bullion - valued at more than $43,000 - and was offered $11,600, or about 25 cents on the dollar. |