FTC says seller of imitation 9/11 coins to pay $750,000

[Eugene]

Source: Associated Press

FTC says seller of imitation 9/11 coins to pay 750,000

7:35p.m. EST January 19, 2013

NEW YORK (AP) — A company that sold Sept. 11 commemorative coins supposedly containing silver from ground zero has agreed to pay $750,000 to settle charges that it deceived consumers.

The Federal Trade Commission says Port Chester, N.Y.-based National Collector's Mint charged customers for items they never ordered and failed to identify its wares as imitations.

A law passed in 2010 created an official Sept. 11 medal to benefit the museum being built at the World Trade Center site.

New York Sen. Charles Schumer and Rep. Jerrold Nadler complained the National Collector's Mint's coins could deprive the museum of funds.

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Read more: http://www.usatoday.com/story/news/2013/01/19/coins-fraud-commemorative-911/1848211/

[Angry Dragon]

1. Anyone going to prison??

[DJ13]

2. If they can afford a $750,000 fine

do they ever?

[think]

3. Exactly..

[think]

4. Ripping off trusting Americans with 9/11 collector's items

and no one goes to jail!

This is why America is failing. The law is bought, sold, and metered......

[PoliticAverse]

5. FTC webpage on the issue...

http://www.ftc.gov/os/caselist/1123098/index.shtm