HomeCrime and FraudCoin Scams - Telemarketer Uses High-Pressure Tactics in Coin Collection Scheme

Coin Scams – Telemarketer Uses High-Pressure Tactics in Coin Collection Scheme

Milwaukee, Wisconsin-based Fox6now.com posted this story about the slick website, cold calls and high-pressure tactics at the heart of a coin collection scam that cost victims millions of dollars. The suspects preyed on the elderly and were relentless.

Suspect Joseph Romano ran his scam business, called Atlantic Coin Galleries, out of Lindenhurst, New York between 2001 and 2008. He was convicted and sentenced to 15 years in prison.

What’s even more bizarre is that while in prison, Romano actually tried to hire a hit man to kill the prosecutor in the case. Below is a link to the full story and a brief video as well. Life is stranger than fiction. You can’t make this stuff up and there are some really bad people in the world. Original Link to the Hit Man story


 

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Coinweek is the top independent online media source for rare coin and currency news, with analysis and information contributed by leading experts across the numismatic spectrum.

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