News
Judge Awards Coin Fraud Victim’s Estate Nearly $1.9 Million under Federal Racketeer Laws
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 three-year recovery efforts by former Professional Numismatists Guild…
Read MoreCoin Fraud Watchdogs: Paul Montgomery and Lyn Stevens
Editor’s Note: Paul Montgomery, past president of the Professional Numismatists Guild, and Lyn Stevens, a Texas-based attorney, made the news because of their role in the PCA/PCI coin fraud case in which over one million dollars was awarded to plaintiffs. Coin Update reporter Michael Bugeja interviewed Montgomery and Stevens about their crusade to combat coin…
Read MoreEdmond coin expert crusades against fraud
Edmond coin expert Paul Montgomery, president of Heartland Precious Metals, recently gave expert testimony in a case in Texas on purchasing coins that were either overvalued, damaged, or counterfeit. Paul Montgomery EDMOND — Edmond coin expert Paul Montgomery enjoys fighting for victims of fraud who have been deceived into misleading investments related to rare metals.…
Read More$1.9 million Fraud Judgment Raises Compelling Hobby Issues
PCA Collectibles, a New York company associated with the former PCI Coin Grading company, was found liable for nearly $1.9 million in damages based on the impression that coins sold to the plaintiffs were graded independently according to industry standards but actually were fake (one coin), damaged or worth only a fraction of Red Book…
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