Pawn shop owner out $14,000 after being sold fake gold

Pawn shop owner out $14,000 after being sold fake gold

Postby natsb88 » Sun May 15, 2016 9:10 pm

Image

ENDICOTT, NY - A local pawn shop owner in Endicott is trying to recover after his business took a large hit. The reason for the hit is that he was sold fake gold.

Mohammad Farzad, owner of All Star Pawn Shop in Endicott, said last month two men on two separate occasions came to his shop to sell him 1 oz. gold bars.

Click here for more, including video.
User avatar
natsb88
Too Busy Posting to Hoard Anything Else
 
Posts: 8383
Joined: Thu May 01, 2008 3:00 pm
Location: The Copper Cave

Re: Pawn shop owner out $14,000 after being sold fake gold

Postby Recyclersteve » Sun May 15, 2016 9:22 pm

Looks like Perth Mint (Australia) fakes, not that they are the only ones with counterfeits being sold.
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).

Please note that ANY stocks I discuss, no matter how compelling, carry risk- sometimes substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) as well.
Recyclersteve
Too Busy Posting to Hoard Anything Else
 
Posts: 4421
Joined: Sun Jan 20, 2013 5:59 am
Location: Where I Want To Be


Return to Counterfeit Detection & Discussion

Who is online

Users browsing this forum: No registered users and 2 guests