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Canadian Mint Employee Accused Of Smuggling $180k Of Gold In His Rectum

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Pacificoin's Avatar
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 Posted 09/21/2016  10:24 am  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
At least in the 1960s when stuff was being back doored out of the RCM ,it was in a somewhat hygenic paint can.........oh dear paint had lead back then .
Edited by Pacificoin
09/21/2016 10:25 am
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DEVLEC's Avatar
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 Posted 09/21/2016  10:26 am  Show Profile   Bookmark this reply Add DEVLEC to your friends list Get a Link to this Reply
He was probably just trying to "supplement" his future pension plan a bit....no butts about it...


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Strach-Man's Avatar
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 Posted 09/21/2016  2:30 pm  Show Profile   Bookmark this reply Add Strach-Man to your friends list Get a Link to this Reply
We have all heard about the chicken that laid the golden egg. Maybe this guy had the golden butt and depending on what he ate, gave him nuggets. It's just his nuggets were golden.
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NeoSpec's Avatar
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 Posted 09/21/2016  3:51 pm  Show Profile   Bookmark this reply Add NeoSpec to your friends list Get a Link to this Reply
wow, talk about dirty money....
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 Posted 09/21/2016  5:22 pm  Show Profile   Bookmark this reply Add TheCoinHunter to your friends list Get a Link to this Reply
What aaaa.... Donkey?
Edited by TheCoinHunter
09/21/2016 5:23 pm
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 Posted 09/21/2016  7:14 pm  Show Profile   Bookmark this reply Add pennypincher1 to your friends list Get a Link to this Reply
What is lost in this story is that Ottawa Gold Buyers at the mall kept buying this stuff, guess all they care about is their profits. So what are your chances of getting stolen gold & silver coins back when bullion dealers don't care where it comes from.
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 Posted 09/21/2016  7:53 pm  Show Profile   Bookmark this reply Add wildflowerAB to your friends list Get a Link to this Reply

Quote:


What is lost in this story is that Ottawa Gold Buyers at the mall kept buying this stuff, guess all they care about is their profits.


Excellent point.

I'm still amazed that the guy could allegedly steal both the pucks and coins without RCM knowing any were missing through reconciliations. It would make me wonder if others were accomplices and RCM chose not to open a can of worms. In my opinion the entire situation stinks!

"Records revealed 18 pucks had been sold between Nov. 27, 2014 and March 12, 2015. Together with dozens of gold coins that were redeemed, the total value of the suspected theft was conservatively estimated at $179,015."

If he's convicted I'd bet his sentence will be light. The employer has a certain level of responsibility toward due diligence regarding security in order to protect employees from temptation, whether it be "down and dirty" or otherwise.



Edited by wildflowerAB
09/21/2016 7:55 pm
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 Posted 09/21/2016  8:12 pm  Show Profile   Bookmark this reply Add TheCoinHunter to your friends list Get a Link to this Reply
This thread is going "south"....
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 Posted 09/21/2016  8:56 pm  Show Profile   Bookmark this reply Add Redzapsid to your friends list Get a Link to this Reply
My guess, having worked at several commercial and industrial plants, including a refinery, is that stuff goes missing all the time.
I can say that contractors leaving the mint likely get searched far better than this guy did. And security is only an illusion if they are in on it. I'm Not saying that was the case but I have seen it done at beer breweries. A guy walked passed his buddy in security and joked about how be worked out on his break and now had six pack abs, (which was actually a 6 pack folded top to top in the plastic rings they come in, stuffed in his shirt)
I'd love to work at the mint but would be to worried and to honest to ever try this stunt.
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Redzapsid's Avatar
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 Posted 09/21/2016  8:59 pm  Show Profile   Bookmark this reply Add Redzapsid to your friends list Get a Link to this Reply
The company that was buying the stuff can simply say, "how is it possible that these were stolen from the mint, don't they have state of the art security?"
I'm wondering, does this company have to return the gold? Do they get their money back?
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 Posted 09/21/2016  10:24 pm  Show Profile   Bookmark this reply Add T1Steel to your friends list Get a Link to this Reply
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NeoSpec's Avatar
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 Posted 09/21/2016  10:39 pm  Show Profile   Bookmark this reply Add NeoSpec to your friends list Get a Link to this Reply

Quote:
What is lost in this story is that Ottawa Gold Buyers at the mall kept buying this stuff, guess all they care about is their profits. So what are your chances of getting stolen gold & silver coins back when bullion dealers don't care where it comes from.


One of my first thoughts went there, but then my first (and only) experience with one of these gold buyers was when one decided to sell me a counterfeit 2013 ASE, so I thought I might be a bit biased with that train of thought.

How many people sell so many pucks over the course of a few months? How many people sell pucks at all?

No doubt, not the smartest criminal; so how much PM "walks" out of the mint via employees, I wonder?
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 Posted 09/21/2016  11:52 pm  Show Profile   Bookmark this reply Add wildflowerAB to your friends list Get a Link to this Reply

Quote:

I'm wondering, does this company have to return the gold? Do they get their money back?


Bullion dealers are required to comply with Money Laundering regulations which requires then to compkete disclosure documentation that includes full details of every customer transaction over $10,000 and submit the forms to the Goverment.

Given the alleged $180k theft took place between Nov14 and Mar15 and the banker noticed it due to the frequency of the cheques being deposited and funds transferred, it's possible the Bullion dealer was intentionally flouting Money Laundering laws by ensuring less than $10,000 was cashed at a time. If that occurred, the company will be up you-know-what creek.
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 Posted 09/22/2016  02:43 am  Show Profile   Bookmark this reply Add wilsonwu89 to your friends list Get a Link to this Reply
Stephen Colbert is talking bout it on his show
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joeysanders627's Avatar
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 Posted 09/22/2016  02:49 am  Show Profile   Bookmark this reply Add joeysanders627 to your friends list Get a Link to this Reply
As income inequality becomes greater and greater and the middle class becomes poorer, how often is stuff like this going to happen. I'm surprised more people don't try to steal from the Mint. Theft is usually caused by two things, desperation and greed.
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