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<p>[QUOTE=&quot;NPCoin, post: 1039999, member: 5629&quot;]The Wall Street Journal&#039;s write-up of the story is much better than the one in the OP.&nbsp; The crime committed here is <b>not</b> the fact that gold coin were sold as investment.&nbsp; Regardless of anyone&#039;s personal opinion on the matter, it is not illegal to sell gold coin for investment.&nbsp; Statements like, &quot;she conned the 83-year-old victim into trading her fortune for collectible coins,&quot; make it appear as though the very act of investing is what the illegal activity revolved around, which is not the case.&nbsp; This is a case of theft, larceny, securities fraud, and a scheme to defraud...all of which revolve around the alleged burglary.</p><p><br /></p><p>If a dealer sells investment coin for the purpose of investment and their conduct is that of a true custodian of the investment, then the dealer has done nothing wrong.&nbsp; It does not matter if it is $1,000 or $1,000,000.&nbsp; Nor does it matter if the investor is twenty-three, fifty-three, or eighty-three years old.&nbsp; It is solely the intent to defraud and the resulting fraudulent activity that are illegal, not being an investment adviser.</p><p><br /></p><p>Many early 19th century collectible gold coin values have risen between 15-20% over the past three years.&nbsp; Though not stellar performance as an investment, it is still more than government guaranteed options.&nbsp; Does this investment suddenly become illegal activity because the investor was eighty at the time the investments were first being purchased?&nbsp; Of course not.&nbsp; The dealer&#039;s activities become illegal the moment the dealer&#039;s intent is to defraud the investor, and becomes prosecutable the moment the dealer allegedly acts on that intent.</p><p><br /></p><p>In this case, the alleged activity was blatant theft and larceny.&nbsp; Now, it&#039;s up to the prosecutor to prove his case.[/QUOTE]</p><p><br /></p>

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