Dealer convicted--identity theft and taxes

Probably the wife will keep operating the business, like many wives of dealers she probably ran the jewelry end.

I don't see anything about a seizure, just the court case with the additional money owed: https://www.justice.gov/usao-nj/press-release/file/939146/download

Probably taxes, interest, penalties, criminal penalties too all had to be paid. He used to call himself "the king of cash #2" in Coin World. It is shocking it took this long to catch him.

 

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I don't disagree, but you would then take out a significant portion of Wall St. firms and banks. Not to mention but quite a few politicians on both sides of the aisle.

 

One of the wealthiest guys in CT was nailed for insider trading, got off with a slap on the wrist: https://en.wikipedia.org/wiki/Steven_A._Cohen


"Too big to fail".

 

That might not be a bad thing.

 

They escape indictment by being very "charitable" and "nice". They have their PR managers map out their "friends" and potential enemies and grease the palms of those who can make their life easier, regulators, government employees and politicians. Hey, what happened to the CAC hot shot whose gun went off in NJ at the Parsippany coin show a year or two ago? I thought that was a mandatory minimum sentence? Down the memory hole!

 

Eh, I don't think a small-time coin dealer with an average income of 400k is going have the same connections and sway as the 72nd richest person in the world, like the person referenced above....

 

See that's why I don't sell or trade coins, I just buy, just byre... Bi bye bye bbye

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