Although it is impractical to determine just how many people work in the coin industry that have prior convictions, the Star Tribune investigated about 125 salesmen in the coin industry and found about 75 of them have been convicted of crimes including:
- Passing bad checks
- Bank robbery
- Drug and alcohol charges
- And more
This unregulated industry permits coin companies to hire people convicted of crimes. Even three of Goldline International's top salesmen had been banned from the securities industry for fraud previously. Their questionable backgrounds did not stop Goldline from hiring them. There are many companies out there just like Goldline that are hiring ex-cons.
Because there are no licensing requirements or laws banning a convicted criminal from working in the coin industry, the result is that ex-cons could be handling your life savings. This industry is still not treated in the same manner as other financial industries, so there is no telling who is selling you silver or gold coins.
If you have been cheated out of your gold coin investment and believe you are victim of gold coin fraud - you have rights. Contact the Voss Law Firm and speak with an experienced rare coin fraud lawyer at 888-614-7730 in a free consultation.
You can also request a FREE copy of attorney Bill Voss's book: Coin Fraud - Is Your Investment At Risk, for more information on this subject.