Weekly News via Email
   Set as homepage | Add to favorites | Customer Service | Subscribe Now | Place an Ad | Contact Us | Sitemap Monday, 05.28.2018
News Archive
Su Mo Tu We Th Fr Sa
 1  2  3  4  5
 6  7  8  9  10  11  12
 13  14  15  16  17  18  19
 20  21  22  23  24  25  26
 27  28  29  30  31
Online Extras
Site Services
Around Bend
Outdoor Fun
Travel Info
Shop Local

Members Of

Poll: Today's Live Poll
Email to a friend | Print this | PDF version | Comments (0 posted) 
  Blogger |   del.icio.us |   digg |   newsvine

May 15,2007
Texas lawsuits aimed at gold coin scheme
by UPI

AUSTIN, Texas - A pair of lawsuits filed this year in Texas is oriented toward gaining compensation for residents who were allegedly cheated by a gold coin scheme.

The two suits filed against companies in Austin and Beaumont that specialize in rare coins allege that the advertised value of gold coins they sell is a major misrepresentation of the coins' true worth, the Austin (Texas) American-Statesman said Monday.

The suits allege that nearly 50 plaintiffs answered allegedly incorrect advertisements and lost nearly $13 million to various 16 companies in the two Texas cities.

Attorney Jason Gibson, who is representing the plaintiffs, told the American-Statesman said that the companies exploited the elderly by selling the coins at more than double their true cost.

"They pitch coins to elderly people by saying, 'Remember the Depression? The only thing worth any value at that time was gold coins, and we could be in a depression next week,'" Gibson told the newspaper.

Copyright ©  2007, by United Press International. All Rights Reserved.

1520 times read

Related news
US Mint puts first presidential $1 coin into circulation by Bend_Weekly_News_Sources posted on Feb 16,2007

The Savage Truth on Money: The gold standard by Terry_Savage posted on Apr 06,2009

Killer's appeal alleges judge-D.A. affair by UPI posted on Jun 13,2008

Attorney: Reconsider Texas border fence by UPI posted on Jan 08,2008

Woman allegedly tampered with store's soup by UPI posted on Jul 23,2007

Did you enjoy this article? Rating: 5.00Rating: 5.00Rating: 5.00Rating: 5.00Rating: 5.00 (total 4 votes)

Market Information
Breaking News
Most Popular
Most Commented
Featured Columnist
Horoscope Guide
Aquarius Aquarius Libra Libra
Aries Aries Pisces Pisces
Cancer Cancer Sagittarius Sagittarius
Capricorn Capricorn Scorpio Scorpio
Gemini Gemini Taurus Taurus
Leo Leo Virgo Virgo
Local Attractions
Bend Visitors & Convention Bureau
Bend Visitors & Convention Bureau

Mt. Bachelor Resort
Mt. Bachelor Resort

Les Schwab Ampitheater
Les Schwab Ampitheater

Deschutes County Fairgrounds
Deschutes County

Tower Theatre
Tower Theatre

The High Desert Museum


Deschutes County

  Web    BendWeekly.com
© 2006 Bend Weekly News
A .Com Endeavors, Inc. Company.
All Rights Reserved. Terms under
which this service is provided to you.
Please read our Privacy Policy. Contact us.
Bend Weekly News & Event Guide Online
   Save the Net
External sites open in new window,
not endorsed by BendWeekly.com
Subscribe in NewsGator Online
Add to Google Add to MSN Add to My AOL
What are RSS headlines?