Creator of the Liberty Dollar Convicted
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Raybob15239
Posts: 1,359 ✭✭✭
STATESVILLE, NC—Bernard von NotHaus, 67, was convicted today by a federal jury of making, possessing, and selling his own coins, announced Anne M. Tompkins, U.S. Attorney for the Western District of North Carolina. Following an eight-day trial and less than two hours of deliberation, von NotHaus, the founder and monetary architect of a currency known as the Liberty Dollar, was found guilty by a jury in Statesville, North Carolina, of making coins resembling and similar to United States coins; of issuing, passing, selling, and possessing Liberty Dollar coins; of issuing and passing Liberty Dollar coins intended for use as current money; and of conspiracy against the United States. The guilty verdict concluded an investigation which began in 2005 and involved the minting of Liberty Dollar coins with a current value of approximately $7 million. Joining the U.S. Attorney Anne M. Tompkins in making today’s announcement are Edward J. Montooth, Acting Special Agent in Charge of the FBI, Charlotte Division; Russell F. Nelson, Special Agent in Charge of the United States Secret Service, Charlotte Division; and Sheriff Van Duncan of the Buncombe County Sheriff’s Office.
See the entire release here:
FBI Press Release Re Conviction
See the entire release here:
FBI Press Release Re Conviction
Successful B/S/T transactions: As Seller: PascoWA (June 2008); MsMorrisine (April 2009); ECHOES (July 2009) As Buyer: bfjohnson (July 2008); robkool (Dec 2010); itsnotjustme (Dec 2010) TwoSides2aCoin (Dec 2018) PrivateCoin Jan 2019
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Comments
I knew it would happen.
During the 1849 California Gold Rush, according to the Coin World article, anti-counterfeiting statutes were put into place because "the private mints were eventually accused of circulating debased (substandard) coinage, and with the supposed aim of providing government-sanctioned regulation and a government guarantee of purity, the 1864 Coinage Act was passed, which banned private mints from producing their own coins as currency."
Imagine my shock and surprise!!!!! DEBASED COINAGE!!!!! The outrage!!!!!!!
Yeah, we wouldn't want those subversive private minters to start pumping out debased coinage made from .999 silver or warehouse receipts that are actually backed by real metal, would we?
I hope that Ron Paul's proposal gets some additional sponsors. We shall see.
I knew it would happen.
If they were base metal and calling them a "dollar" then you can understand why the Feds are upset - that is counterfeiting plain and simple.
Positive BST Transactions (buyers and sellers): wondercoin, blu62vette, BAJJERFAN, privatecoin, blu62vette, AlanLastufka, privatecoin
#1 1951 Bowman Los Angeles Rams Team Set
#2 1980 Topps Los Angeles Rams Team Set
#8 (and climbing) 1972 Topps Los Angeles Rams Team Set
Interesting how quickly some appear to reject the jury’s verdict when it disagrees with their preconceived notions and biases.
For all of its idiosyncrasies and shortcomings, the independent judiciary and availability for jury decisions is a lot better than summary judgment by an “official.” (It reminds me of the suspension of rights in Hawaii during WW-II and the dictatorship of Col. Green and his Army buddies in the JAG’s Office. Accused of a crime? 15-minute “trial” and 5-years in jail…no defense, no jury of peers – nothing.)
It depends on who decides what to prosecute and what not to prosecute as well. There are so many past and present violators of various criminal statutes in Congress and Washington DC that never get charged, it's no wonder that a case like this is viewed with more than just healthy skepticism.
I knew it would happen.
<< <i>I always found it interesting that the only thing you could pay him with was US dollars. He wouldn't take his "Liberty" money.
He most certainly would!
You could exchange 20 $1 Liberty coins for a $20 Liberty coin at anytime you wanted.
The name is LEE!
<< <i>Did he get in trouble for making them or for trying to tell merchants they were a new type of money? I remember seeing him on youtube videos go into stores buying stuff and telling an unsuspecting cashier that the $20 coin was a new type of money and talk them into taking it. That's deceptive and illegal. >>
Look it up and then post it please instead of passing what amount to a "I remember this or I remember that" rumor.
I don't believe he ever did this unless he was trying to get a store to join his network of Liberty Dollar stores that accepted the coins for their bullion value in which case the entire philosophy behind what he was actually trying to do was explained to them in full. (i.e. sans deception)
The name is LEE!
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>Now that this guy has been convicted, we can all sleep better at night.
"Either you are with us, or you are with the terrorists."
~ Dubya, 2001, Address to a Joint Session of Congress and the American People
of "coin mutilation" in the early 1960's.
The Mysterious Egyptian Magic Coin
Coins in Movies
Coins on Television
<< <i>Maybe it's time for a Constitutional challenge regarding the Federal Reserve's special status. >>
That is very funny! I think you will have better luck challenging the IRS.
--Severian the Lame
<< <i>
Correct, the term "Dollar" is not exclusive domain for the United States of America.
The name is LEE!
<< <i>The jury heard all the evidence from prosecution and defense. Further, as this was a criminal case, the standard for guilt was much greater than in a civil action. (Think back to the OJ Simpson trials.)
Interesting how quickly some appear to reject the jury’s verdict when it disagrees with their preconceived notions and biases.
>>
Amen!