Iran executes the "Sultan of Coins" for hoarding gold coins

Iran executes the "Sultan of Coins" for hoarding gold coins

From CNN News:

Vahid Mazloumin, a mogul known for his work in the gold coin trade and nicknamed the "Sultan of Coins," and his accomplice Mohammad-Esmaeil Qassemi were found guilty of forming a "smuggling gang" that manipulated the domestic currency market and made "illegal deals," Iran's state-run IRNA news said.

Mazloumin, 58, was arrested in July and sentenced to death in October for allegedly hoarding the coins, a move which Iran said destabilized the country's currency market, IRNA reported.

CNN article:
https://www.cnn.com/2018/11/14/middleeast/iran-currency-executions-intl/index.html

CBS News article with photograph of Iran gold coins:
https://www.cbsnews.com/news/iran-e...onomic-crisis-us-sanctions-trump-nuclear-deal

Illustration of modern Iran gold (bullion) coins with the Ayatollah Khomeini on one side and a mosque on the other:
https://www.abc.net.au/news/2018-11-15/iran-currency-1/10500270

Details on modern Iran gold coins:
https://www.ukbullion.com/bahar-azadi-gold-coins

 

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cnn= fake news

 

2 tons of gold coins is quite a bit. I assume the government "confiscated" these coins.

 

Iran news agency article:
http://www.irna.ir/en/News/83099091

 

It bothers me whenever the media labels a holder of PM's as a hoarder, when no other holder of any asset class is referred as such.

 

Glad to see life is peachy in the I.R. of Iran