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Noted female dealer charged with $1 million elderly swindle

Frank Provasek - PCGS Authorized Dealer, Life Member ANA, Member TNA. www.frankcoins.com
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    GoldbullyGoldbully Posts: 16,862 ✭✭✭✭✭


    << <i>Link >>



    Frank, do you know of the woman???
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    PQpeacePQpeace Posts: 4,799 ✭✭✭
    Hang her !
    Larry Shapiro Rare Coins - LSRC
    POB 854
    Temecula CA 92593
    310-541-7222 office
    310-710-2869 cell
    www.LSRarecoins.com
    Larry@LSRarecoins.com

    PCGS Las Vegas June 24-26
    Baltimore July 14-17
    Chicago August 11-15
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    MoldnutMoldnut Posts: 3,082 ✭✭✭✭
    What a loser
    Derek

    EAC 6024
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    The story seems to have many loose ends. The concept that the defendant would simply take $430,000 worth of coins from a client's portfolio and expect them never to notice anything strikes me as unlikely. I'll await the verdict before I make any judgement.
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    itsnotjustmeitsnotjustme Posts: 8,777 ✭✭✭
    If I am not mistaken, I have seen her at major shows.
    Give Blood (Red Bags) & Platelets (Yellow Bags)!
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    tydyetydye Posts: 3,894 ✭✭✭


    << <i>While gold has traded at an all-time high, topping $1,400 an ounce in the past few days, collectible coins are not as safe as gold because they are gilt, not solid gold. >>




    The writer sure did her research
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    stealerstealer Posts: 3,968 ✭✭✭✭


    << <i>If I am not mistaken, I have seen her at major shows. >>



    Her name does seem familiar.
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    GoldbullyGoldbully Posts: 16,862 ✭✭✭✭✭
    This "reporter" is obviously a Glenn Beck fan!! image

    Link
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    The picture sure makes her look sinister!
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    jmski52jmski52 Posts: 22,373 ✭✭✭✭✭
    While gold has traded at an all-time high, topping $1,400 an ounce in the past few days, collectible coins are not as safe as gold because they are gilt, not solid gold.

    "Gold coins are not a great hedge in these economic times," Assistant District Attorney Adam Kaufmann said after announcing Brown's arrest.


    tydye, that quote got my attention too. I'm sure that the D.A. thinks that she is "gilty".
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
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    I have never seen her at a major show. Just checked a few show listings, can't find her name.

    Sounds like she is pure scam. Bet she isn't a coin dealer at all.
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    LakesammmanLakesammman Posts: 17,292 ✭✭✭✭✭
    Currency discs?? image
    "My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko.
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    http://www.manhattanda.org/whatsnew/press/2010-11-09c.shtml
    she left her previous job with ITM Trading and began her own business, GBA Gold, a/k/a GBA Investments LLC
    http://www.itmtrading.com/
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    EagleEyeEagleEye Posts: 7,676 ✭✭✭✭✭
    She's from Paradise Valley, AZ, outside Phoenix

    Never heard of her.

    What does this mean?
    While gold has traded at an all-time high, topping $1,400 an ounce in the past few days, collectible coins are not as safe as gold because they are gilt, not solid gold.
    Rick Snow, Eagle Eye Rare Coins, Inc.Check out my new web site:
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    BarryBarry Posts: 10,100 ✭✭✭


    << <i>What a loser >>


    Who, the "dealer," or the woman and her daughter?

    Frank - do you read the NY Daily News often?
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    FrankcoinsFrankcoins Posts: 4,569 ✭✭✭


    << <i>

    << <i>What a loser >>


    Who, the "dealer," or the woman and her daughter?

    Frank - do you read the NY Daily News often? >>



    The link was posted in rec.collecting.coins
    Frank Provasek - PCGS Authorized Dealer, Life Member ANA, Member TNA. www.frankcoins.com
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    notwilightnotwilight Posts: 12,864 ✭✭✭


    << <i>While gold has traded at an all-time high, topping $1,400 an ounce in the past few days, collectible coins are not as safe as gold because they are gilt, not solid gold.

    "Gold coins are not a great hedge in these economic times," Assistant District Attorney Adam Kaufmann said after announcing Brown's arrest.


    tydye, that quote got my attention too. I'm sure that the D.A. thinks that she is "gilty". >>



    I copied this quote to paste it here too. Just as I always find mistakes in scientific articles by laymen, this shows the total lack of understanding of the issues by this author and casts into question EVERY other "fact" in the story. Even without talk radio, I realized long ago that you really can't believe much of what you read without due diligence on the reader's part.

    --Jerry
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    kiyotekiyote Posts: 5,568 ✭✭✭✭✭
    Wow the quote about gold coins being gilt makes me want to rip my face off. I'm sure that when the elderly lady was buying the coins she was told over and over they were a great hedge against inflation.
    "I'll split the atom! I am the fifth dimension! I am the eighth wonder of the world!" -Gef the talking mongoose.
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    WTCGWTCG Posts: 8,940 ✭✭✭
    I believe I know or know of virtually every "noted dealer" in the business (especially the female dealers because you can almost count all the prominent ones on your hands and feet) and I have never heard of the person named in the article.
    Follow me on Twitter @wtcgroup
    Authorized dealer for PCGS, PCGS Currency, NGC, NCS, PMG, CAC. Member of the PNG, ANA. Member dealer of CoinPlex and CCE/FACTS as "CH5"
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    MsMorrisineMsMorrisine Posts: 32,203 ✭✭✭✭✭


    << <i>She's from Paradise Valley, AZ, outside Phoenix

    Never heard of her.

    What does this mean?
    While gold has traded at an all-time high, topping $1,400 an ounce in the past few days, collectible coins are not as safe as gold because they are gilt, not solid gold. >>




    What does this mean?

    It means whoever used the word gilt (gilding) either does not know what it means or does not know the coins or knows the coins are plated fakes.


    90% gold is bad? What about 91.67%? Bullion? Proof?


    I think they miss the numismatic versus the bullion connection.
    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
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    speetyspeety Posts: 5,424
    Whoever wrote that article needs help...

    As for the "female dealer", she needs to serve some hard time.
    Want to buy an auction catalog for the William Hesslein Sale (December 2, 1926). Thanks to all those who have helped us obtain the others!!!

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    all of you caring for an elderly parent or relative, get that Durable Power Of Attorney and, Directive To Physicians signed and filed, as appropriate.

    As a side note, be aware when it is time to get your loved one out from behind the steering wheel.

    I've been going through a lot of these types of decisions in the past few years with one of my parents. It's not fun, but it must be taken care of. Maintain.
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    Dog97Dog97 Posts: 7,875 ✭✭✭
    Aint that a beauty!
    image
    Change that we can believe in is that change which is 90% silver.
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    Frank, do you know of the woman???

    Thats a women ?
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    rickoricko Posts: 98,724 ✭✭✭✭✭
    I question much of this article - albeit there is likely some wrongdoing at the root of it all. When blatant mistakes are included in a news article (very, very frequent problem), it only serves to show how far the media has fallen from what once was an honorable and trusted position. So much is written without confirmation (there is a process - or was a process - for fact checking) due to inept neophytes trying to become star reporters, and incompetent, biased editorial staff trying to fill columns, that it is no wonder the press is fading as a medium. Broadcast news is little better, if at all. In work I did before, it was mandatory to confirm information from three sources prior to delivering as fact. Obviously no one is doing this anymore. Such a pity. Cheers, RickO
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    BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭


    << <i>Aint that a beauty!
    image >>



    I've never seen her or heard her name before and she would be hard to forget as she bears a very strong likeness to singer Robert Palmer! image
    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
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    TwoSides2aCoinTwoSides2aCoin Posts: 43,842 ✭✭✭✭✭


    << <i>

    << <i>Aint that a beauty!
    image >>



    I've never seen her or heard her name before and she would be hard to forget as she bears a very strong likeness to singer Robert Palmer! image >>


    She makes Susan B. Anthony look hot.
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    Currency Disks? That's a new one. We have pucks coming - maybe we have Frisbees too!
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    PQpeacePQpeace Posts: 4,799 ✭✭✭
    Looks like Robert Redford with a wig !
    Larry Shapiro Rare Coins - LSRC
    POB 854
    Temecula CA 92593
    310-541-7222 office
    310-710-2869 cell
    www.LSRarecoins.com
    Larry@LSRarecoins.com

    PCGS Las Vegas June 24-26
    Baltimore July 14-17
    Chicago August 11-15
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    segojasegoja Posts: 6,112 ✭✭✭✭
    She gives legit dealers a bad name...

    If she did it, send her to jail. That's a lot of gilt to steal.
    JMSCoins Website Link


    Ike Specialist

    Finest Toned Ike I've Ever Seen, been looking since 1986

    image
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    shorecollshorecoll Posts: 5,445 ✭✭✭✭✭
    She's obviously not a dealer, there's enough showing above the table that you would see the chili stains or at least mustard if she were legitimate. Unless they busted her at church...do dealers wear clean clothes to church? image
    ANA-LM, NBS, EAC
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    littlebearlittlebear Posts: 1,443 ✭✭✭✭


    << <i>I question much of this article - albeit there is likely some wrongdoing at the root of it all. When blatant mistakes are included in a news article (very, very frequent problem), it only serves to show how far the media has fallen from what once was an honorable and trusted position. So much is written without confirmation (there is a process - or was a process - for fact checking) due to inept neophytes trying to become star reporters, and incompetent, biased editorial staff trying to fill columns, that it is no wonder the press is fading as a medium. Broadcast news is little better, if at all. In work I did before, it was mandatory to confirm information from three sources prior to delivering as fact. Obviously no one is doing this anymore. Such a pity. Cheers, RickO >>




    How very true............ And this can be seen from local newspapers to national reporting. Kind of a take-off from "yellow journalism," if anybody remembers that term from so long ago. How truly sad.


    Larry L.


    image
    Autism Awareness: There is no limit to the good you can do, if you don't care who gets the credit.
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    secondrepublicsecondrepublic Posts: 2,619 ✭✭✭


    << <i>

    << <i>While gold has traded at an all-time high, topping $1,400 an ounce in the past few days, collectible coins are not as safe as gold because they are gilt, not solid gold. >>




    The writer sure did her research >>



    I almost fell out of my chair when I read that. What an idiot.
    "Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)
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    MrEurekaMrEureka Posts: 23,943 ✭✭✭✭✭
    According to the article, "The two women were referred to Brown by coin brokerage firm ITM Trading Inc., which they heard about on talk radio, prosecutors said." I find it odd that ITM would send the business elsewhere, and I'd like to know the rest of the story.
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
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    IrishMikeyIrishMikey Posts: 1,561 ✭✭✭
    Nice that many of you guys have already convicted her. Any of you ever heard of the concept
    "innocent until proven guilty?" As for the comments on her physical appearance, I have always
    been amused by coin dealers "rating" the appearance of others. Taken as a group, male coin
    dealers would break every mirror in the country, not to mention all the trucks that would come to
    a complete stop.
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    johnny9434johnny9434 Posts: 27,505 ✭✭✭✭✭
    a 3.5 year jail sentance minimum isint long enough for her. bummer image
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    coinkid855coinkid855 Posts: 5,012 ✭✭✭


    << <i>I've never seen her or heard her name before and she would be hard to forget as she bears a very strong likeness to singer Robert Palmer! image >>




    Hey, I think you're on to something here!!



    image


    DUN DUN DUN.




    -Paul
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    TPRCTPRC Posts: 3,739 ✭✭✭✭✭


    << <i>Nice that many of you guys have already convicted her. Any of you ever heard of the concept
    "innocent until proven guilty?" As for the comments on her physical appearance, I have always
    been amused by coin dealers "rating" the appearance of others. Taken as a group, male coin
    dealers would break every mirror in the country, not to mention all the trucks that would come to
    a complete stop. >>



    imageimage
    If she is guilty, the Manhatten DA's office will handle it!

    Tom

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    ARCOARCO Posts: 4,311 ✭✭✭✭✭
    It looks like the writer of this story wasn't any more knowledgeable than the poor lady who was duped:

    "While gold has traded at an all-time high, topping $1,400 an ounce in the past few days, collectible coins are not as safe as gold because they are gilt, not solid gold."



    Collectable coins are not as safe as [bullion] gold because they have massive numismatic premiums.




    Here is another gem:

    "Gold coins are not a great hedge in these economic times," Assistant District Attorney Adam Kaufmann said after announcing Brown's arrest.

    Yep, keep your cash in a zero interest bearing account while the federal reserve engages in a massive taxation through inflation/hyperinflation. Even though gold has nearly quadripled in six years it makes for a lousy place to put your money.
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    BlindedByEgoBlindedByEgo Posts: 10,754 ✭✭✭✭✭


    << <i>It looks like the writer of this story wasn't any more knowledgeable than the poor lady who was duped:

    "While gold has traded at an all-time high, topping $1,400 an ounce in the past few days, collectible coins are not as safe as gold because they are gilt, not solid gold."



    Collectable coins are not as safe as [bullion] gold because they have massive numismatic premiums.




    Here is another gem:

    "Gold coins are not a great hedge in these economic times," Assistant District Attorney Adam Kaufmann said after announcing Brown's arrest.

    Yep, keep your cash in a zero interest bearing account while the federal reserve engages in a massive taxation through inflation/hyperinflation. Even though gold has nearly quadripled in six years it makes for a lousy place to put your money. >>




    I sent the writer of this article an email and asked her how often she consulted with this ADA for investment advice. Her editor must be very proud.
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    ElcontadorElcontador Posts: 7,417 ✭✭✭✭✭
    If she is found guilty, I'd be curious as to her sentence. A lawyer friend of mine had a fiduciary duty to protect a client trust account. He was scammed out of the funds and several elderly people lost their life savings as a result. He was disbarred, and was sentenced to 10 years in the big house (he served 7 years). He is now out and unemployable.
    "Vou invadir o Nordeste,
    "Seu cabra da peste,
    "Sou Mangueira......."
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    Dog97Dog97 Posts: 7,875 ✭✭✭
    << Nice that many of you guys have already convicted her. Any of you ever heard of the concept
    "innocent until proven guilty?" As for the comments on her physical appearance, I have always
    been amused by coin dealers "rating" the appearance of others. Taken as a group, male coin
    dealers would break every mirror in the country, not to mention all the trucks that would come to
    a complete stop. >>
    Didn't you read the article Mikey? She stole $1,000,000 from a little old lady and $80,000 from her daughter who is also a little old lady and then $430,000 in gilty currency disks.
    I know that her being a "bad girl" adds to her hotness, and that coin nerds would hit anything, but you have to draw the line smoewhere.
    Change that we can believe in is that change which is 90% silver.
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    telephoto1telephoto1 Posts: 4,746 ✭✭✭✭✭
    I sent this "reporter" an email as well. Misinformation like this cranks me off.

    RIP Mom- 1932-2012
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    BlindedByEgoBlindedByEgo Posts: 10,754 ✭✭✭✭✭


    << <i><< Nice that many of you guys have already convicted her. Any of you ever heard of the concept
    "innocent until proven guilty?" As for the comments on her physical appearance, I have always
    been amused by coin dealers "rating" the appearance of others. Taken as a group, male coin
    dealers would break every mirror in the country, not to mention all the trucks that would come to
    a complete stop. >>
    Didn't you read the article Mikey? She stole $1,000,000 from a little old lady and $80,000 from her daughter who is also a little old lady and then $430,000 in gilty currency disks.
    I know that her being a "bad girl" adds to her hotness, and that coin nerds would hit anything, but you have to draw the line smoewhere. >>



    image

    POTD contender.
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    BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭


    << <i><< Nice that many of you guys have already convicted her. Any of you ever heard of the concept
    "innocent until proven guilty?" As for the comments on her physical appearance, I have always
    been amused by coin dealers "rating" the appearance of others. Taken as a group, male coin
    dealers would break every mirror in the country, not to mention all the trucks that would come to
    a complete stop. >>
    Didn't you read the article Mikey? She stole $1,000,000 from a little old lady and $80,000 from her daughter who is also a little old lady and then $430,000 in gilty currency disks.
    I know that her being a "bad girl" adds to her hotness, and that coin nerds would hit anything, but you have to draw the line smoewhere. >>



    imageimage
    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
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    bet you'll find out she has a drug or gambling addiction.
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    CoinspongeCoinsponge Posts: 3,927 ✭✭✭


    << <i>I believe I know or know of virtually every "noted dealer" in the business (especially the female dealers because you can almost count all the prominent ones on your hands and feet) and I have never heard of the person named in the article. >>




    So collectible coins are gilt, not solid gold? What else did the writer get wrong. The comment that the victim got introduced by talk radio strikes me as a detail of no importance unless this is a subtile strike at talk radio.
    Gold and silver are valuable but wisdom is priceless.
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    IrishMikeyIrishMikey Posts: 1,561 ✭✭✭


    << <i><< Nice that many of you guys have already convicted her. Any of you ever heard of the concept
    "innocent until proven guilty?" As for the comments on her physical appearance, I have always
    been amused by coin dealers "rating" the appearance of others. Taken as a group, male coin
    dealers would break every mirror in the country, not to mention all the trucks that would come to
    a complete stop. >>
    Didn't you read the article Mikey? She stole $1,000,000 from a little old lady and $80,000 from her daughter who is also a little old lady and then $430,000 in gilty currency disks.
    I know that her being a "bad girl" adds to her hotness, and that coin nerds would hit anything, but you have to draw the line smoewhere. >>



    I did read the article -- she has been charged with this, not been found guilty. Did I miss a follow-up
    story?
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    garrynotgarrynot Posts: 1,874 ✭✭✭


    << <i>She's from Paradise Valley, AZ, outside Phoenix

    Never heard of her.

    What does this mean?
    While gold has traded at an all-time high, topping $1,400 an ounce in the past few days, collectible coins are not as safe as gold because they are gilt, not solid gold. >>





    It probably means that the Daily News staff writer does not know what she is talking about.

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