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Coin & Precious Metal "Dealer" Tulving was finally sentenced...

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  • derrybderryb Posts: 36,823 ✭✭✭✭✭
    Had he ripped stock investors (Madoff style) he wouldn't see the light of day.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • tneigtneig Posts: 1,505 ✭✭✭
    $15 million lost.
    Not a bad sentence if he stashed some of the money somewhere.
    Get about that for robbing a Wawa.
    COA
  • TopographicOceansTopographicOceans Posts: 6,535 ✭✭✭✭
    If you steal $15m, pay a $10m fine you get $5m
    Spending 2 1/2 years in jail means he's making $2.5m a year.

    Not a bad job if you can get it.
  • AboutAgAboutAg Posts: 201 ✭✭
    Originally posted by: TopographicOceans
    If you steal $15m, pay a $10m fine you get $5m
    Spending 2 1/2 years in jail means he's making $2.5m a year.

    Not a bad job if you can get it.


    The $10M fine is against The Tulving Company, which is in bankruptcy, and no longer run by Hannes Tulving, Jr.

    The judge has given himself 90 days to decide on restitution. Hannes has also agreed to pay restitution that the CFTC decides upon (which as of about a month ago had not been decided).

    And we haven't heard yet where the $17M went. The bankruptcy trustee hasn't even hinted yet that it went to Hannes.
  • JCMhoustonJCMhouston Posts: 5,306 ✭✭✭
    I'll just repost what I had to say on the US Coins:



    I remember just a couple of years ago several of us got beat up on the boards for pointing out that Tulving was a convicted crook and you should never send him your money. Got to give a guy a second chance, dredging up the ancient past, changed man, well ... a leopard never changes it's spots.



    I don't even feel sorry for the people that lost money, everyone knew who and what he was.
    JCM-Houston
    World Collection
    British Collection
    German States Collection
  • ShadyDaveShadyDave Posts: 2,199 ✭✭✭✭✭
    Originally posted by: JCMhouston
    I'll just repost what I had to say on the US Coins:

    I remember just a couple of years ago several of us got beat up on the boards for pointing out that Tulving was a convicted crook and you should never send him your money. Got to give a guy a second chance, dredging up the ancient past, changed man, well ... a leopard never changes it's spots.

    I don't even feel sorry for the people that lost money, everyone knew who and what he was.



    I couldn't have said it better myself. With a 30 month sentence, I'm sure he'll be dreaming up his next scheme and how he will use his hidden(stolen) money when he gets out.
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,293 ✭✭✭✭✭
    It's hard to get a halo in this business, or any metal business for that matter.
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