Coin dealer goes to jail

Discussion in 'Coin Chat' started by Mountain Man, Jul 16, 2019.

  1. Mountain Man

    Mountain Man Well-Known Member

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  3. Autoturf

    Autoturf Well-Known Member

    30 months in fed prison, not enough!! he will be out in half that if its his first conviction.
    midas1 likes this.
  4. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    Federal prison? Does he play golf or tennis?

    Autoturf likes this.
  5. Santinidollar

    Santinidollar Supporter! Supporter

    Good place for him. On a federal conviction, a person serves about 80 to 90 percent of his time.
    Paul M. likes this.
  6. medoraman

    medoraman Supporter! Supporter

    I remember a few years ago when he was first being accused of selling fakes. The reporter reached out and was told "Larry is currently in China looking for dimes". Sure doesn't sound like he was taking the investigation too seriously.

    As a Minnesotan, I am glad he got jail, just wishing like others here it was longer. I just hope he has a big, scary cellmate.
    Autoturf likes this.
  7. Autoturf

    Autoturf Well-Known Member

    Federal is vacation, food is better than county, you get recreation, and more privileged. they changed it since I did time. so its 85%
    The Sentencing Reform Act also eliminated parole and required all federal prisoners, regardless of offense type, to serve a minimum of 85 percent of their sentences behind bars before becoming eligible for release—a policy shift known as “truth in sentencing

    I was only in for 3 months in county 1990s, but talked to a lot of criminals, who knew a lot, or talked a lot, I did time for to many dwi, and probation violation.
    The judge told me I cannot drink alcohol for 2 years, lol, Yea rite. guess I showed him. NOT
    Last edited: Jul 16, 2019
  8. Autoturf

    Autoturf Well-Known Member

    He needs to learn how to play "don't drop the soap"
    midas1 likes this.
  9. Santinidollar

    Santinidollar Supporter! Supporter

    I visited a friend at the Oakdale Federal Prison Camp in Louisiana. Trust me. It ain’t a charming place. Minimum security, too.
    Autoturf likes this.
  10. Autoturf

    Autoturf Well-Known Member

    Like a dog in a cage, you get used to it. don't break the law. lol its certainly not enjoyable. The time I looked forward to is sleeping, because you forget your in jail for a short period of time.
  11. TexAg

    TexAg Well-Known Member

    If convicted of a felony, you lose the right to possess a firearm. That would be penalty enough for me, let alone a prison sentence!
    Garlicus, Vess1 and Autoturf like this.
  12. stoster38

    stoster38 Member Supporter

    Unfortunately these kind of “dealers” gives numismatics a bad name. Hopefully not too many people were ripped off even though one is too many
  13. Autoturf

    Autoturf Well-Known Member

    Id like to know what they can do with this Chinese business selling pcgs holders. that's scary.
  14. stoster38

    stoster38 Member Supporter

    Since China does little to prosecute these crimes, including counterfeit coins, I doubt things will get better any time soon.
  15. Collecting Nut

    Collecting Nut Borderline Hoarder

    Let me be pessimistic for this. Oh great. Now he's going to jail long enough to have all of his expenses paid for. He'll get free materials and can easily educate himself for how to be better at what he's in jail for. All at taxpayer expense.

    Now for the optimism. He may even earn a degree in coins and become an expert or even get hired by a TPG or start his own grading service.

    Just think of the possibilities!
  16. Autoturf

    Autoturf Well-Known Member

    Their government does not see it as crimes, they have no understanding of capitalist intellectual property. and theft through deception I guess is not important if its toward another country. or they understand, and just don't care.
    Last edited: Jul 16, 2019
  17. Inspector43

    Inspector43 70 Year Collector

    Chinese - if they are smiling they are lying.
    Autoturf likes this.
  18. midas1

    midas1 Exalted Member

    It's been going on for years. They counterfeit anything they can make a buck on.
    Autoturf likes this.
  19. Conder101

    Conder101 Numismatist

    Since US laws don't apply in China there isn't much they can do to the company. All they can do is go after the people here using. importing, or selling coins in them.
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