Romano brothers coin scam

You are soooo bad!

But, that'll never happen since the Fruit Loops Toucan would protest with extreme prejudice!

 

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That Vanity Fair cover got my attention this morning, until I found out who she was.

I don't know, could she ever be America's sweetheart?

 

Yeah, I'd hate to see Toucan Sam displaced.

 

Everyone in that family has outlived their fame. Disgusting, the whole lot of them.

 

Ya think?

And the thread has been completely and utterly hijacked. Sorry OP. To put things back on track I once knew a guy named Romano. He used to break legs........

 

I think I had that guy's cheese once. It was graded as top notch! It probably received a higher grade than it should have, and I know I overpaid for it. I was scammed by Romano. (Thread back on track!)

 

Angel-hair......

 

Man, you guys are making me hungry for pasta. Think I'll head to the kitchen.

 

Buying coins from telemarketers? For some reason, it doesn't strike me as a very good idea.

 

Better than buying insurance from the government... But I digress...

 

I believe if you compare the mechanism used in the PCI action to that used by the Federal Trade Commission in 1990 against PCGS, which merely ended in a consent decree, there's reasonable opinion that the PCGS outcome would have been similar if the PCI action mechanism would have been applied. The FTC didn't apply linkage to an established Federal criminal precedent (e.g. RICO), but merely pursued a Civil filing, which allowed a relatively diminished outcome/action.

It's understood the key element in determining damages is the conformance to a specific published standard, regardless of who is the TPG, with any individual(s) knowing/violating that standard in the sale of a commodity, without proper disclosure.

In my opinion, from reading public documents, the PCI action was a legal "perfect storm", where TPG, intermediaries, and sales personnel, knew the grade standard, without disclosure to the purchaser. The prosecutor used other recognized TPG and intermediaries as "experts" to establish the degree of violation, and value of damages.

It's reasonable to expect that a similar action in the future, regardless of defendants perceived qualifications, would have a similar outcome when actions are weighed against a written published standard. A new precedent seemingly has been established. Caveat Venditor!

JMHO

 

I read the findings and I think differently.

The other TPGs and experts were used to establish that PCI's grades were bunk, but that's not really the key in the findings... The key item was that PCI was not the "independent" arbitrator it was portrayed to be by the salesmen. He hid the relationship and actively lied about it.

 

http://www.coinweek.com/coin-clubs/...ly-2-million-under-federal-racketeering-laws/

Here is the link to the PCI story.

It explains that the victim will be able to choose which law they want the restitution imposed under. Each of the choices has a different dollar amount attached to it, and RICO is the steepest at nearly $2M.

 

Watching this yet again. Scum bags are what these guys are. Typical New York gumba's who dont want to work a real job or start a legit business. THe biggest thing in the whole setup is the customer. THese guys are great at picking out the diamond in the rough, the sucker, they know people very well and those that are not smart enough to notice a scam or trusting enough to fall for it. THeir scale - into the millions is what brought the attention of FBI...

 

If you don't want it if you're not knowledgeable about it then don't buy it it's your own stupid fault!

 

If you don't want it if you're not knowledgeable about it they did not force you to buy them you buy the coins throughout your own stupidity so whose fault is that your own dumb fault

 

They were most certainly not New York Goombas why edited you're just stereotyping them nobody was ever forced to buy coins they should have been a little bit more knowledgeable with the money that they were spending on these coins. Who stupid fault is that they had good sales people and dumb buyers that's your only fault

 

So I have a question, from what I’ve seen in this thread, they were charged with Mail Fraud. So, hypothically, if they used a shipping service like Fedex or UPS, would they have gotten of scott free?

 

And who are you and why are you so interested in this old thread?

 

On the plus side, I hadn't read this thread before. It's an interesting read. I appreciate the bump.