Coin Telemarketers Shut Down In NY?

ScarsdaleCoin

Heard a rummor that about 15 coin telemarketers where shut down for overcharging / tatics on Long Island.....Anyone have any info on this???

cointagious

there's a thread buried here somewhere about it. a number of telemarketers, including new world, were shut down over allegations of violations of the martin act (probably misrepresentation of 'securities' in this case). probably a hefty fine in store for them.

dorkkarl

was bunker hill coins 1 of them ???

K S

ccrdragon

I believe that Bunker Hill was one of the companies that was raided...

MrEureka

Can't find the old thread. Anyone know where it's at?

coinguy1

Andy, for what it's worth, here is the link to the thread you asked about:

link

dorkkarl

additional RUMOR (which is why i've been pestering the forum about bunker hill): that the reason for raiding them was not "overcharging" tactics, but rather because the telemarketers were advertising coins for "investment", w/out the proper license & registration with the SEC to be in the investment biz.

K S

MrEureka

Check this out: Coins are Not Securities

NumisEd

Does anyone have a link to an online article regarding the bust of the 15 telemarketers? I would love to learn more about these scam artists. Thanks, Ed

NumisEd

Hello? Anybody have any new information regarding this major development?

ScarsdaleCoin

Wish it were online but seems that no info exists...maybe coinworld will pick up on it?

MrEureka

FYI, one of our members just posted this on Eureka:

I just talked to Chris at New World Rarities, and he said that he and Brian anticipate that their situation will be cleared up
soon, and they plan to reopen Monday.

ScarsdaleCoin

Be good if they clear it up...they are not taking phone calls nor is there web site running.... the sooner they clear it up the better off they will be....