Couple Charged In Rare Coin Investment Scam

K6AZ

Read this very carefully. Karma is about to come around on another group in that state.

Coins Reportedly Worth 10 Percent Of Sales Price

Russ

<< <i>Bail was set at $1 million for Armand DeAngelis >>



There's a recent thread around here somewhere about this guy.

Russ, NCNE

Coinosaurus

What is it about south Florida and coin scams???

K6AZ

That guy has had the reputation of being a numismatic fraud for a long time. Look at all the similarities here.

dollardude

That's terrible! They need to be locked up.

Let this be a lesson: Make sure you fully understand whatever it is you're investing in. If you don't understand how an investment works, DON'T INVEST IN IT!

<< Karma is about to come around on another group in that state. >>

Does their name begin with "A"?

nOoBiEeE

Hahhahah, can you imagine, a company

<< <i>"represented as an independent coin assessor" >>

selling coins worth less then they claimed they are worth to unsuspecting, hard working individuals. This sounds kinda like...

Wolf359

I say COOL! It's a wonder to me these people are able to get with this since 1995?

Our system of justice is effective, but way too slow.

Tonelover

Last year one of the victims, I think one of those mentioned in the article had sent us about $200K worth of coins seeking to find out their value. Notice the name of their slabbing service Twenty-First Century Grading Service Inc. The coins were slabbed with the initials TCGS, hmm, sounds awfully similar to someone else. They were all gold coins that in our opinion graded a minimum of 2-3 points lower than labeled and were indeed worth a small fraction of the price paid. I do believe these people went right to their attorney shortly after meeting with us, glad to see they got a hold of the guy.

One of the ads they ran had a picture of a crying baby which said "My parents just lost my education fund in the stock market" and invited people to contact them to discuss investing in rare coins. They would pray with them on the phone and everything. This person was about to take a second mortage out on their house to get more money to send in. Very scary stuff.

Russ

Jon,

Thanks for the memory jog. I found the other thread.

Russ, NCNE

relayer

Jesus is going to be pretty mad when he hears about this.