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GRASS VALLEY, CA - A Grass Valley gold dealer facing dozens of counts of possessing and selling counterfeit gold and financial elder abuse, as well as criminal conspiracy in a separate welfare fraud case involving his wife, reportedly is contemplating a plea agreement that could net him more than 13 years in state prison.
Gregory Arnoldi, 46, the owner of Grass Valley Gold and Silver, was arrested at his business in the 100 block of Mill Street in late February.
He was arrested again the day after his arraignment in Nevada County Superior Court, reportedly because he was making further gold and silver transactions at the store.
Click to read several articles related to this case.