September 17, 2012 |
Northern Nevada officials say there's a lesson here of a Howard Hughes ilk: You can never judge a person's worth by the kind of life he or she leads. Authorities in Carson City recently made an astounding discovery in the home of a local recluse whose body was found in his residence. Walter Samaszko Jr. had left only $200 in his bank account. But hidden throughout the house were other treasures - including gold bars and coins valued at $7 million. “You never anticipate running into anything like this,” Carson City Clerk-Recorder Alan Glover told the Los Angeles Times.
April 22, 2012 |
Here is a roundup of alleged cons, frauds and schemes to watch out for. 'Free' gas - A federal judge has ordered a company to stop a marketing scheme in which consumers were promised "free gas for life" if they purchased a book online, the Federal Trade Commission said. Consumers who attempted to buy the book ended up being charged a monthly fee for an online magazine and did not receive the promised free gasoline, the FTC said. Under the court order, the Green Millionaire website can no longer offer "free" products and must clearly disclose how much consumers will be charged for its products.
CALIFORNIA | LOCAL
December 23, 2011 |
You can probably hear it when I walk down the hallway: the sound of gold dollar coins jingling in my pocket. I use them everywhere: the dry cleaner, the store, my favorite diner. No, they are not a heavy burden, I tell skeptics. When brand-new, they're like shimmering drops of sunshine. It's practical. During a dark time in my life, I used my credit card for almost every purchase. But at the end of each month, I was confronted by bills that pained me. What was that $4.06 purchase from a vendor called "San Francisco"?
November 3, 2011 |
Prosecutors have filed criminal charges against Goldline International Inc., a Santa Monica company that is one of the nation's largest gold dealers, for allegedly tricking customers into buying gold coins at inflated prices. The Santa Monica city attorney's office accused Goldline of running a "bait and switch" operation in which customers seeking to invest in gold bullion were instead sold gold coins that were marked up more than 50%. The company, which used radio talk show host Glenn Beck as a pitchman, has seen sales soar in recent years along with the price of gold.
November 21, 2009 |
Gold remains in a powerful bull market as measured by prices in the futures market, where speculators can run rampant. But third-quarter data from the World Gold Council show that the surge in the metal's price to record highs ($1,146.40 an ounce as of Friday) hasn't been accompanied by record purchases of the real thing. The recent peak in buying of physical gold, in fact, was in the third quarter of 2008 -- before the financial system meltdown accelerated. The council's report put total global purchases of gold in the quarter that ended Sept.
CALIFORNIA | LOCAL
August 18, 2009 |
The Brasher Doubloon is steeped in historic reverence and mystique. It dates to Colonial America and the dawning of the new federal government, when Spanish gold doubloons circulated alongside other foreign gold and silver as part of New World commerce. The coin takes its name from Ephraim Brasher, a respected New York City gold and silversmith who lived next door to George Washington. In 1787, Brasher began making gold coins, presumably to be used as currency for the soon-to-be-formed republic.