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 Replies: 13 / Views: 3,754 |
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Pillar of the Community
United States
1839 Posts |
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Pillar of the Community
United States
1512 Posts |
Wow, that judge sure stuck it to PCI!
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Pillar of the Community
United States
513 Posts |
"the judge now has ordered that the estate can recover $1,892,324 from Anthony Delluniversita, majority owner of PCA and the owner of PCI coin grading company at the time the coins were graded and sold to Pereida. Of that total, $1,610,802 is for damages, $280,190 for attorney's fees and another $1,332 for costs of the lawsuit." And PCI/PCA also had to pay their own attorney(s).
Granted, better if the fraud were never perpetrated, but at least both sets of lawyers got paid.
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Moderator
 United States
189010 Posts |
Justice. Served.  |
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Pillar of the Community
United States
6370 Posts |
I have never respected PCI. Now they will probably crumble and die after this.
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Bedrock of the Community
United States
12437 Posts |
This sleazy iteration of PCI is unrelated to the legitimate operation that was in business from 1989 to 2007, shut down due to the death of the owner. David Lawrence Rare Coins purchased the assets of PCI and then reopened as Dominion Grading Service, operating until 2010. I believe that this fraudster purchased the assets from DGS and then re-reopened as the "new" PCI but he was essentially a self-slabbing shyster, hence the judgement.
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Pillar of the Community
United States
3330 Posts |
Bonnie was one of my competitors in the local Financial Services Business. It is good to hear this ruling. It is interesting that this news has not shown up in any of the local media!
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Bedrock of the Community
United States
11951 Posts |
I feel the same way about PCI .. as others here.
Glad it was a good verdict.
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Pillar of the Community
United States
7390 Posts |
So are we going to see a dump of seized pci slabbed coins to the online Internet "government seizure" auctionS now that the case is done?
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Pillar of the Community
United States
4932 Posts |
Now it's time to get SGS hit hard.
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CCF Sponsor
United States
702 Posts |
Yeah, that should be a wake-up to the other basement slabbers... Hmmm
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Pillar of the Community
United States
946 Posts |
I remember using PCI way back in the day when they first came out in the early to late 90s. Think they were a more reputable company back in the day and obviously things change and so do companies.
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Moderator
United States
189010 Posts |
jdiablo30, read what biokemist6 posted above. It is not the same company, really just the name, definitely not the original.
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Bedrock of the Community
United States
17884 Posts |
I believe this is the second ownership of PCI after DGS sold off the assets. This is just the penalty decision for the court case decided back in May. And who knows they may sell off the Assets and PCI may yet rise again. Quote:
Now it's time to get SGS hit hard. That already happened. See this thread https://goccf.com/t/182864Edited by Conder101
07/24/2015 11:15 am
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Replies: 13 / Views: 3,754 |
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Posted 07/23/2015 1:03 pm
