FBI in Little Rock alerts the public about the collectible coin fraud

Little Rock, Arkansas – The FBI office in Little Rock is alerting the public about con artists who deceitfully guarantee that victims would make money by purchasing and collecting coins.

According to FBI investigators, con artists are posing as owners of a collectible coin company and offering victims hefty payouts in exchange for selling their coin collections.

FBI officials stated that after the con artists get the coins, they will offer the victims a lower sum of money and keep the coins themselves. According to police, con artists may even pretend to sell victims valuable coins for less money.

The FBI issued a warning, claiming that con artists would never deliver the promised coins to their victims even using fictitious distressed sales or impending auctions to induce a transaction

FBI officials offered the following tips to avoid the scam:

• Be cautious when receiving any unsolicited calls about purchasing or selling collectible coins.
• Do not pay in advance for collectible coins.
• Do not give your coins to someone who wants to take them for “appraisal.”

It is requested that anyone who has fallen victim to this scam or other fraudulent behavior report it to the FBI’s Internet Crime Complaint Center at IC3.gov.

The complaint should contain as much information as possible, according to the FBI, including the name of the individual or business, phone numbers, and details of any financial transactions.
Call the Department of Justice Elder Justice Hotline at 833-372-8311 if you need help submitting a complaint.