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Coin Dealer Sentenced to 60 Months in Federal Prison for Stealing Coin Collections from Senior Citizens |
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Monday, 30 January 2012 22:27 |
PRESS RELEASE: Coin Dealer Michael D. Amato was Sentenced to 60 Months in Federal Prison for Stealing Coin Collections from Senior Citizens
U.S. Attorney’s Office
January 24, 2012
Northern District of Texas
(214) 659-8600
AMARILLO, TX—Michael D. Amato was sentenced today by U.S. District Judge Mary Lou Robinson to 60 months in federal prison, and ordered to pay $603,500 in restitution to his victims, following his October 2011 guilty plea to a one-count indictment charging interstate transportation of stolen property, announced U.S. Attorney Sarah R. Saldaña of the Northern District of Texas. Judge Robinson ordered that Amato surrender to the Bureau of Prisons on February 21, 2012.
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‘IN GOD WE TRUST’ – THE STORY OF OUR NATIONAL MOTTO |
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Wednesday, 25 January 2012 08:49 |
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With permission from the Beaumont Examiner
As published in the 1/12/12 edition of the Beaumont Examiner
By Mike Fuljenz
“In God We Trust.”
Most Americans take those words for granted today and assume they’ve always been part of our national fabric. Thus, many were surprised when the House of Representatives recently voted to reaffirm that this simple phrase is the official national motto.
The phrase “In God We Trust” made headlines in October 2011, when the House of Representatives passed a non-binding resolution reaffirming its status as the U.S. national motto. It did so after President Barack Obama mistakenly referred to “E Pluribus Unum” as the nation’s official motto. That familiar phrase – which in Latin means “Out of many, one” – has appeared on U.S. coinage for more than two centuries, but enjoys no official status.
Democrats, including Obama, charged that in drafting and passing the resolution, the Republican-controlled House was wasting time that could have been better spent on hammering out a job-creation bill.
In response, the Republican sponsor of the resolution, Congressman Randy Forbes of Virginia, noted Obama’s earlier misstatement about “E Pluribus Unum” and pointed out that those words had been engraved in the new Capitol Visitors Center until Congress ordered use of the proper inscription.
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California Man Enters Plea In Nearly $1,000,000 Theft |
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Tuesday, 17 January 2012 18:33 |
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United States Attorney Charles M. Oberly, III - District of Delaware
January 12, 2012
WILMINGTON, Del. - Charles M. Oberly, III, United States Attorney for the District of Delaware, and James F. Yacone, Special Agent in Charge, Federal Bureau of Investigation, Denver, Colorado, announced today that Wyatt Yeager, 33, of California, has entered a guilty plea to a one count felony Information.1
The criminal Information charges Yeager with Theft of Major Artwork, in violation of Title 18, United States Code, Section 668.
According to the Information, between January and March 2007, Wyatt Yeager embezzled $492,205 in rare coins from the American Numismatic Association (ANA) Money Museum, located in Colorado Springs, Colorado. During that period, Yeager was the collections manager for the ANA Money Museum. Yeager sold the coins at several auctions: one in Baltimore in May 2007, one in St. Louis in June 2007, and one in Melbourne, Australia in July 2007. One of the coins sold at the Australia auction was an extremely rare 1813 "Holey" Dollar. It sold for $155,755. It is pictured below.
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Coin Dealers going for the gold |
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Tuesday, 17 January 2012 18:24 |
The 2012 Coinage Magazine Special Issue titled: ‘Gold & Today’s Global Economy’ had numerous excellent articles as usual, but one article in particular caught my eye by author and long time numismatist, Ed Reiter. The article was titled “Coin Dealers going for the gold” which was an expose on unscrupulous precious metal buyers. With permission of the author, Ed Reiter and Coinage Magazine, I have reprinted the concluding segment of the article.
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