Minnesota Coin Dealer Accused of Fraud

Discussion in 'Coin Chat' started by Hobo, Apr 12, 2011.

  1. Hobo

    Hobo Squirrel Hater

    It is guys like this that give coin dealers a bad name.

    White Bear Lake man suspected of gold coin trade scam

     
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  3. mralexanderb

    mralexanderb Coin Collector

    It seems that this guy is an outright thief. Try, convict and incarcerate, if guilty.
     
  4. eric0911

    eric0911 SMS-71

    He's called Reputable Rare Coins, and he's had charges of 500k in fraud that he bought "narcotics" with, burglary, check fraud and receiving
    stolen property. What a fitting name!:|
     
  5. ronterry

    ronterry New Member

    If that were my coins? I would bury that SOB!
    That was probably those peoples life savings, and this turd blows it on drugs? ohhhhhh yeap I would bury that garbage...

    Sorry but stuff like this BURNS ME UP!!!
     
  6. Hobo

    Hobo Squirrel Hater

    I agree - he is lower than low. I would think there are a few federal laws he broke somewhere along the line. Using a telephone in the commision a crime and using the USPS in the commision a crime for starters.
     
  7. ronterry

    ronterry New Member

    I hope so HOBO I really do... He certainly has enough money to pay for a defense. That GARBAGE!!!
     
  8. quartertapper

    quartertapper Numismatist

    I don't know what's going to happen to him, although my mind is running wild with good ideas. But, I do hope the people who lost a great deal of money to him recover some of their losses.
     
  9. Collect89

    Collect89 Coin Collector

    This is what I find amazing:
    "The accused could not be reached for comment Monday. He has not been charged"
     
  10. medoraman

    medoraman Supporter! Supporter

    I thought this thread would have been about the Burnsville MN dealer who was sued by PCGS for selling fake PCGS slabs. It was in NN last week. The funniest part was that when a reported tried to call, he was in China, "looking for some dimes". Lol.
     
  11. Hobo

    Hobo Squirrel Hater

    I assume those would be the "made-to-order" dimes.
     
  12. medoraman

    medoraman Supporter! Supporter

    I am sure, along with whatever graded PCGS slab the customer ordered.
     
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