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Warning from the Numismatic Crime Information Center: Fraudulent Bullion Purchases

Saturday, 29 September 2012 18:19 | Print | Email

: Created: Saturday, 29 September 2012 18:19

During the past ten days we have received information from dealers receiving request for gold bullion purchases. This activity had slowed for several months but appears to have started up once again.

The suspects are using different names and addresses. They also want to send cashier's checks and the gold sent by express mail. One dealer received a bogus cashier’s check and is out $15,000.

The emails received are written with broken English in the body of the text. Suspects are wanting quick responses, payment via cashier's check and purchase sent express mail. Dealers who have received phone calls have indicated the subjects are of foreign nationality. These are red flags!!

Dealers should use extreme caution and screen thoroughly before completing any transaction.

Doug Davis
Founder/President
Numismatic Crime Information Center

ICTA Board of Directors Member Mike Fuljenz Goes to Washington to Support the Collectible Coin Protection Act

Friday, 13 July 2012 16:39 | Print | Email

: Created: Friday, 13 July 2012 16:39

Mike Fuljenz with Rep Lloyd Doggett (D-TX) and Rep Jimmy Hayes (R-LA)

I am urging coin collectors and investors nationwide to promptly contact their Congressional representatives in support of the recently introduced Collectible Coin Protection Act (HR5977).

I was among a half dozen of the country's numismatic leaders who met in Washington, DC on June 28, 2012 with Congressional leaders and staff members to discuss the importance of the proposed legislation to protect the public.

The bill was introduced on June 20, 2012 by co-sponsors Rep. Lamar Smith (R-Texas), Chairman of the U.S. House Judiciary Committee, and Rep. Fred Upton (R-Michigan), Chairman of the U.S. House Energy and Commerce Committee. (It has bipartisan support). HR5977 will strengthen the 39-year old Hobby Protection Act, a law that helps combat counterfeits. We need to bring that law into the 21st century because of new issues that were not even contemplated decades ago.

Nederland Man Accused Of Stealing Almost A Quarter Million Dollars In Coins From 82-Year-Old Woman

Wednesday, 20 June 2012 07:34 | Print | Email

: Created: Wednesday, 20 June 2012 07:34

BEAUMONT - By Megan Dillard

You work for decades, sometimes 10 hours a day, save up your hard-earned money, and if everything works out, retire to enjoy life and put aside some of the stress.

Law enforcement officers say a Jefferson county man victimized a woman who thought she was investing a quarter of a million dollars of her retirement money in legitimate company, only to learn that wasn't the case.

The Jefferson County Sheriff's Office needs your help in finding a man who cost an 82-year-old California woman her retirement.

Investigators say 26-year-old Bryson Cendejas ran a fake coin exchange company out of Nederland.

Store Owner Kills Suspect

Tuesday, 12 June 2012 21:50 | Print | Email

: Created: Tuesday, 12 June 2012 21:50

By Doug Davis

Not long after opening for business Sunday morning, trouble was brewing inside Justice Coins in New Port Richey.

A customer, who was well-known to the shop's proprietor, had nefarious thoughts on his mind.

Wayne Justice had seen 25-year-old Jacob Scott Sanborn waiting outside just prior to the store opening. He had no idea what would happen next.