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Burnsville, Minnesota Coin Dealer Indicted For Fraud Scheme

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CCFPress's Avatar
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 Posted 04/13/2018  10:26 am Show Profile   Bookmark this topic Add CCFPress to your friends list Get a Link to this Message Number of Subscribers
US Department of Justice - United States Attorney Gregory G. Brooker today announced an indictment charging Barry Ron Skog, 67, with five counts of sale of counterfeit coins and one count of mail fraud. The defendant made his initial appearance earlier today before Magistrate Judge Franklin L. Noel in U.S. District Court in Minneapolis, Minnesota.

According to the indictment, from June 2012 through October 2016, SKOG devised a scheme to advertise and sell counterfeit coins by fraudulently representing that the coins were legitimate U.S. coins worth hundreds of dollars.

According to the indictment, SKOG owned and operated a business called Burnsville Coin Company and through his business, he posted advertisements for coins in a publication called Numismatic News. When victims responded to the ads, SKOG would mail them lists of available coins for purchase, many of which were counterfeit. In his communications with the victims, SKOG would often represent himself as an employee of the Burnsville Coin Company named "Ron Peterson," when, in fact, there are no other owners or employees of the company other than SKOG. In total, SKOG fraudulently obtained more than $80,000 from his victims.

This case is the result of an investigation conducted by the Minnesota Commerce Fraud Bureau and the Burnsville Police Department.

Based on the evidence obtained in this case, authorities believe there may be additional victims who have not yet been identified. Anyone with information about this matter is encouraged to call the Minnesota Commerce Fraud Bureau at 651-539-1617. Callers may remain anonymous.

Assistant U.S. Attorney Manda M. Sertich is prosecuting the case.

Defendant Information:

Barry Ron Skog, 67, Burnsville, Minn.

Charges:
Sale of counterfeit coins, 5 counts
Mail fraud, 1 count

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MikeF's Avatar
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 Posted 04/13/2018  10:37 am  Show Profile   Bookmark this reply Add MikeF to your friends list Get a Link to this Reply
Shabam! So this guys life gets wrecked. And in other news Counterfeiters in China exported 20 million in fake coins to the US last week. A justice department spokesperson said they are looking into it.
Edited by MikeF
04/13/2018 11:05 am
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thisistheshow's Avatar
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 Posted 04/13/2018  10:52 am  Show Profile   Bookmark this reply Add thisistheshow to your friends list Get a Link to this Reply

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Shabam! So this guys life gets wrecked. And in other news Counterfeiters in China exported 20 million in fake coins to the US last week. A justice department spokesperson said they are looking.
into it.


I am confused by your response. Are you saying it is too harsh?
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MikeF's Avatar
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 Posted 04/13/2018  10:59 am  Show Profile   Bookmark this reply Add MikeF to your friends list Get a Link to this Reply
No I'm saying go after the real culprits. We wouldn't have to deal with this crap if the justice department went after those creating the fake coins and stopped the flow of them into our country.
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nfine's Avatar
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 Posted 04/13/2018  11:04 am  Show Profile   Bookmark this reply Add nfine to your friends list Get a Link to this Reply
I disagree, Mike F. Once the people selling this crap are stopped, the people making it won't have a channel to move it through.
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thisistheshow's Avatar
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 Posted 04/13/2018  11:06 am  Show Profile   Bookmark this reply Add thisistheshow to your friends list Get a Link to this Reply
If he knew they were fakes, as implied by the indictment, then he is the real criminal. We all suffer if dealers intentionally sell fakes. It's only speculation in regards to this instance, but holds true when applied in general.
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MikeF's Avatar
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 Posted 04/13/2018  11:13 am  Show Profile   Bookmark this reply Add MikeF to your friends list Get a Link to this Reply
Well in my humble opinion, going after the smalltime end-scammers like this guy, is a heck of lot more expensive and time consuming than shutting down the source.
Edited by MikeF
04/13/2018 11:14 am
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BigSilver's Avatar
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 Posted 04/13/2018  11:14 am  Show Profile   Bookmark this reply Add BigSilver to your friends list Get a Link to this Reply
80k? That's it? Terrible crime, if he is guilty, but terrible results too. Over 4 years.....
Pathetic.
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thisistheshow's Avatar
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 Posted 04/13/2018  11:24 am  Show Profile   Bookmark this reply Add thisistheshow to your friends list Get a Link to this Reply

Quote:
Well in my humble opinion, going after the smalltime end-scammers like this guy, is a heck of lot more expensive and time consuming than shutting down the source.


An unscrupulous dealer would just as easily rip-off us, the collectors, with or without access to fakes.
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chafemasterj's Avatar
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 Posted 04/13/2018  11:29 am  Show Profile   Bookmark this reply Add chafemasterj to your friends list Get a Link to this Reply
Busted. Boils down to greed at all levels of this. From the manufacturers of this garbage to the distributor. If he knew he was selling fake coins he's made his own bed and now must sleep in it.
Check out my counterstamped Lincoln Cent collection:
http://goccf.com/t/303507
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Conder101's Avatar
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 Posted 04/13/2018  12:22 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

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No I'm saying go after the real culprits. We wouldn't have to deal with this crap if the justice department went after those creating the fake coins and stopped the flow of them into our country.


What you expect the Justice Department to do? Invade another country and go arrest people who are making a product that they can produce legally there? Then effectively kidnap them and try and bring them back to the United States for trial? Even if you did that someone else would simply start producing them, because there's demand from this side of the ocean. As long as that demand is there someone will step up to supply it. If on the other hand you crack down hard on the demand side, the people importing them, demand dries up and so does the supply.
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MikeF's Avatar
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 Posted 04/13/2018  12:44 pm  Show Profile   Bookmark this reply Add MikeF to your friends list Get a Link to this Reply

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What you expect the Justice Department to do?


Ban the no no site and other counterfeit shill sites from selling goods in the United States would be a start. It can be done.

We all know where this crap is manufactured.
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nfine's Avatar
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 Posted 04/13/2018  12:45 pm  Show Profile   Bookmark this reply Add nfine to your friends list Get a Link to this Reply
Looks like some feel we should be smoking pot and buying counterfeit coins because the small time sellers aren't really a problem. After all, it makes no sense to go after the low level sellers if the government can't stop the people on foreign soil producing this crap.
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jdmern's Avatar
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 Posted 04/13/2018  12:46 pm  Show Profile   Bookmark this reply Add jdmern to your friends list Get a Link to this Reply

Quote:
Well in my humble opinion, going after the smalltime end-scammers like this guy, is a heck of lot more expensive and time consuming than shutting down the source.


As I understand it, this is not a 'small time' scammer.

https://www.coinworld.com/news/us-c...s-1.all.html

http://goccf.com/t/77203

I did an appraisal for a collector last fall, who thought his collection was worth north of 100k. ALL of the big time coins were fake. That's the kind of thing that ruins a hobby... and lifes...

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MikeF's Avatar
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 Posted 04/13/2018  1:16 pm  Show Profile   Bookmark this reply Add MikeF to your friends list Get a Link to this Reply
I got a 404 error on the CoinWorld article link, Jdmern.
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MikeF's Avatar
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3479 Posts
 Posted 04/13/2018  1:23 pm  Show Profile   Bookmark this reply Add MikeF to your friends list Get a Link to this Reply

Quote:
Looks like some feel we should be smoking pot and buying counterfeit coins because the small time sellers aren't really a problem.


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