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<p>[QUOTE=&quot;Del Pinto, post: 2225933, member: 73128&quot;]Tulving was a numismatic con-artist, obviously. It&#039;s amazing to read CT posters and mods <i>praising his business practices</i> here. Reading last week&#039;s CW article, I&#039;ll presume $10 mln restitution was something like contemporary Greysheet Bid values, so 4x (+$30mln) would&#039;ve been the &quot;inflated&quot; Tulving markup. There&#039;s no indication &quot;numismatic declines&quot; (1988-1992, say -24%) should be factored if coins were delivered.</p><p><br /></p><p>I&#039;d love to read a detailed exposé of the complicated 1992 Tulving Fraud/Ponzi - any links? Were those <i>previous </i>customers ever made whole? (That Hannes refused even simple bank accounts in his own name strongly suggests they were NOT.) The mendacity, the outrage, the comedy!</p><p><br /></p><p>See:</p><p><a href="http://www.coinweek.com/bullion-report/coin-dealer-tulving-pleads-guilty-fraud/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.coinweek.com/bullion-report/coin-dealer-tulving-pleads-guilty-fraud/" rel="nofollow">http://www.coinweek.com/bullion-report/coin-dealer-tulving-pleads-guilty-fraud/</a></p><p><br /></p><p>&quot;In 1992, Tulving and his prior firm <i>Hannes Tulving Rare Coin Investments, Inc.</i> were investigated by the Federal Trade Commission, which determined that the company had used deceptive marketing practices–including a falsified price guide–to sell coins at inflated prices. The higher prices were part of a Ponzi scheme to pay off previous customers who had been cheated by the company. Tulving declared bankruptcy and agreed to pay $10 million as part of a settlement. The 1992 settlement allowed Tulving to re-enter the coin investment business.&quot;</p><p><br /></p><p>&quot;Tulving currently is free on a $25,000 bond with no sentencing date set.&quot; Idiots! Why the kid gloves? I hope they confiscated the crook&#039;s passport.[/QUOTE]</p><p><br /></p>

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