Talking about Eliasberg....
pruebas
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Tell me its not so! The company that famed numismatist Louis E. Eliasberg, Sr. founded became a Ponzi scheme under his son and is now bankrupt? Read it here.
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World Collection
British Collection
German States Collection
<< <i>I can't see anything, how about a tiny description of what you are referring to, such as the 5 w's for brevity? >>
How about this one:
"15. In recent years, FCA funded its business expenses, including interest to the note
holders and redemption requests, largely through new investments by other note holders and
contributions from Eliasberg, his family and other entities Eliasberg controlled."
"A Ponzi scheme is a fraudulent investment operation that pays returns to separate investors from their own money or money paid by subsequent investors, rather than from any actual profit earned."
The name is LEE!
Very interesting link. I agree with your suggestion that this seems to be a Ponzi scheme. What a sad come down to Louis Eliasberg Sr.'s company.
How did you find that link? Hopefully you were not an investor!
Mark, no I was not an investor! I was searching for information on Eliasberg Jr. because Stacks Coin Galleries recently auctioned off the numismatic items in his estate and I wondered why he would have so many choice world coins when what he got from his father was the US gold portion of the collection. I thought maybe Eliasberg Jr. was a collector in his own right, but I found no evidence to support that. I presume those world coins were simply remainders from his father that never fit into any previous auction.