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<p>[QUOTE="Conder101, post: 297697, member: 66"]I think the charges they hit with are probably completely bogus. Mail fraud, wire fraud and money laundering are charges the government likes to use to harrass people when they don't have a strong case because they can be used to mean almost anything and as such are very hard to defend against. You will find them trown into a great many federal indictments for that reason.</p><p><br /></p><p>What did they do that was actually illegal? Title 18 section 486</p><p><br /></p><p>Uttering coins of gold, silver or other metal</p><p><br /></p><p><b>Whosoever</b>, except as authorized by law, <b>makes or utters or passes</b>, or attempts to utter or pass, <b>any coins of gold or silver or any other metal, or alloys of metals, intended for use as current money, whether in the resemblance of coins of the United States, or of foreign countries, or of original design,</b> shall be fined not more than $3,000 or imprisoned not more than five years,or both.</p><p><br /></p><p>Note the highlighted text. Once Norfed went beyond barter and put a denomination on their coins and suggested using them as PAYMENT they ran afoul of this law since they were advocating using them as current money. And since they made and distributed them (uttering) and are not authorized to do so by law, they are guilty. It doesn't matter that their recent designs are nothing like current US coins because the law covers coins or original design as well. And the copper ones are illegal as well because the law covers coins of any metal or alloy.</p><p><br /></p><p>Also note this clause " or attempts to utter or pass" this also means that anyone who actually tried to use one of these coins as a cash payment is also guilty of vialating this law.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 297697, member: 66"]I think the charges they hit with are probably completely bogus. Mail fraud, wire fraud and money laundering are charges the government likes to use to harrass people when they don't have a strong case because they can be used to mean almost anything and as such are very hard to defend against. You will find them trown into a great many federal indictments for that reason. What did they do that was actually illegal? Title 18 section 486 Uttering coins of gold, silver or other metal [B]Whosoever[/B], except as authorized by law, [B]makes or utters or passes[/B], or attempts to utter or pass, [B]any coins of gold or silver or any other metal, or alloys of metals, intended for use as current money, whether in the resemblance of coins of the United States, or of foreign countries, or of original design,[/B] shall be fined not more than $3,000 or imprisoned not more than five years,or both. Note the highlighted text. Once Norfed went beyond barter and put a denomination on their coins and suggested using them as PAYMENT they ran afoul of this law since they were advocating using them as current money. And since they made and distributed them (uttering) and are not authorized to do so by law, they are guilty. It doesn't matter that their recent designs are nothing like current US coins because the law covers coins or original design as well. And the copper ones are illegal as well because the law covers coins of any metal or alloy. Also note this clause " or attempts to utter or pass" this also means that anyone who actually tried to use one of these coins as a cash payment is also guilty of vialating this law.[/QUOTE]
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