Coin Fraud Lawyers' Blog
Coin Fraud Blog
Did a Coin Dealer Defraud You?
When you are a victim of a fraudulent coin dealer, it can be a frustrating and overwhelming experience. However, there are steps you can take to get legal help and recover your losses. Did A Coin Dealer Defraud You? First, gather all documentation related to the fraud. Documentation can include receipts, emails or messages, and…
Issues With Coin Dealers and Precious Metals Dealers
Dishonest coin and bullion dealers hide behind multiple layers of corporations. They regularly drain their companies of funds to support their lavish lifestyles. In many situations, the only way to successfully recover money paid to dealers engaging in coin or precious metals fraud is to bypass or pierce their sham corporations and go after the…
Expert Offers Six Vital Steps To Avoid Gold Coin Fraud, Scams, and Hustlers When Buying or Selling
Six Vital Steps To Avoid Gold Coin Fraud. After thirty years of faithfully serving the public as a buyer and seller of precious metals and numismatic (collector) coins, Swiss America Trading Corp. is very concerned by the influx of gold dealers making false claims, deceptive promises, and non-deliveries of goods to customers. “When it comes…
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…
Types of Legal Claims For Coin Fraud or Precious Metals Fraud
Dishonest coin and precious metals dealers and telemarketers are creative and aggressive. There is no shortage of tricks they will use to sell coins or bullion to unwary investors at grossly inflated prices. Based on your unique experience dealing with a dishonest coin and bullion dealer, you may have one or more of the following legal claims:…
Dishonest Sales Practices Used By Gold Fraud Scam Artists
Gold fraud scam artists prey on the elderly, courting prospective customers as if they are old friends by using scare tactic sales pitches. They also utilize misleading, and sometimes illegal, high-pressure sales tactics to misrepresent coin values, sell counterfeit coins, or persuade consumers to finance purchases with home mortgages or retirement savings. They convince you to buy higher-priced…
5 Sleazy Gold Coin Scams
Here are five of the most damaging gold coin scams and what you can do to protect yourself. NEW YORK ( TheStreet) — With gold prices rising thanks to the economic and market chaos, the shiny yellow metal’s profit potential is drawing some unscrupulous gold scam artists out of the woodwork. Here are five of…
Coin 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…
Edmond 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.…
$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…