Interesting Sample slab - Anyone recall the company Ruffco??
Lakesammman
Posts: 17,652 ✭✭✭✭✭
Bought a couple pieces with a plastic applied advertisement for Ruffco. They apparently ran afoul of the law in the early 1990's.
Anyone here have an example to post??
Anyone here ever done business with them??
RUFFCO OFFICIAL GETS STIFF PRISON TERM
Associated Press
David L. Keeffe has been sentenced to 33 months in prison and must pay full restitution to the 1,500 gold and silver investors defrauded of $4.8 million.
More than 250 of the investors wrote U.S. District Judge David Sam, demanding their money back and a harsh punishment for the former head of the Provo-based Ruffco financial services.Keeffe, 49, appeared for sentencing Thursday and asked Sam to spare him a prison term so he could get a job and begin repaying victims.
"I'm not a proponent of crime without punishment, but who would be served by my imprisonment?" he said.
Sam said many of Keeffe's victims were elderly people who invested their nest eggs, funds for their children's college educations, money for health-insurance premiums.
Despite Keeffe's pledge to make full restitution, the judge was dubious.
Keeffe has been selling cars in Great Falls, Va., but apparently is not earning much. His lawyer is court-appointed and paid by a government account.
Keeffe claimed he lost $2 million when Ruffco failed.
But prosecutor Stanley Olsen told the judge that Ruffco took in enough money for Keeffe to pay himself $7,200 a week.
Keeffe bought Ruffco from Howard Ruff in 1988. Ruff, who puts out a 20,000-circulation financial newsletter, was never a target in the criminal investigation of the missing millions in silver and gold, according to the FBI.
Agents got involved after hordes of Ruffco clients complained about the Ruffco bankruptcy and their missing investments in precious metals and valuable coins.
Anyone here have an example to post??
Anyone here ever done business with them??
RUFFCO OFFICIAL GETS STIFF PRISON TERM
Associated Press
David L. Keeffe has been sentenced to 33 months in prison and must pay full restitution to the 1,500 gold and silver investors defrauded of $4.8 million.
More than 250 of the investors wrote U.S. District Judge David Sam, demanding their money back and a harsh punishment for the former head of the Provo-based Ruffco financial services.Keeffe, 49, appeared for sentencing Thursday and asked Sam to spare him a prison term so he could get a job and begin repaying victims.
"I'm not a proponent of crime without punishment, but who would be served by my imprisonment?" he said.
Sam said many of Keeffe's victims were elderly people who invested their nest eggs, funds for their children's college educations, money for health-insurance premiums.
Despite Keeffe's pledge to make full restitution, the judge was dubious.
Keeffe has been selling cars in Great Falls, Va., but apparently is not earning much. His lawyer is court-appointed and paid by a government account.
Keeffe claimed he lost $2 million when Ruffco failed.
But prosecutor Stanley Olsen told the judge that Ruffco took in enough money for Keeffe to pay himself $7,200 a week.
Keeffe bought Ruffco from Howard Ruff in 1988. Ruff, who puts out a 20,000-circulation financial newsletter, was never a target in the criminal investigation of the missing millions in silver and gold, according to the FBI.
Agents got involved after hordes of Ruffco clients complained about the Ruffco bankruptcy and their missing investments in precious metals and valuable coins.
"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, Big Moose, Cardinal.
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Do a search, there was some talk about them recently.
I picked up one of those sample slabs at a local show in early october and posted about it
here
Then I searched Google.
Finally found the PCGS thread, "Who dat".
Now, how are you supposed to find anything around here about Ruffco with a title like that??
<< <i>I searched here.
Then I searched Google.
Finally found the PCGS thread, "Who dat".
Now, how are you supposed to find anything around here about Ruffco with a title like that??
Yah. I know.
But I fixed it that so it wont happen again.
Smoetimes ya gots ta search the body too, not just the titles.
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
thanks.
Herb
<< <i>Was the company advertisement put on the slab by PCGS or was it added later by Ruffco? I'm guessing the later. >>
It is just a peel off film type of sticker. Supposedly scarce.
Didn't know about the advanced search function - I'm a slow learner. Thanks for letting me know about it.