From the Beaumont(Texas) Enterprise: A suit against Beaumont coin sellers has severed into individual claims for 11 plaintiffs. The suit was originally filed by Houston attorney Jason Gibson in Jefferson County Feb. 9 on behalf of defendants from states across the nation. Under causes of negligence, fraud and deceptive trade practices, the claims accuse 22 Beaumont companies and individuals of targeting the elderly and using unlawful and misleading selling points to unload coins by phone from boiler-room sales operations. The original petition claims at east $3,400,000.00 in coins were purchased by the 11 defendants.
I hope that they get them, and they never do this again. It is idiots like these that give the hobby a bad name.
Unfortunately, these people are like Medusa, for everyone you take out, two come back in it's place. The best defense is education. Hopefully this suit (along with others like it) gets enough publicity that it educates enough people to stop making such operations lucrative.
Maybe I'm just an old crank, but I put a lot of blame on people who "invest" an average of $300,000+ without proper investigation of what they're getting and who they're dealing with!
