Coin dealer may face 13 years for $175,000+ in fake gold

[natsb88]

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.

[beauanderos]

isn't that the store that used to belong to the religious nut? What was his name? Ten years ago he was "the EXPERT"
on silver. Jason something. Hommel?

I binged it... Not the same location.

[highroller4321]

More of these guys need to get locked up!

Thanks for the story.

[natsb88]

GRASS VALLEY, CA - A Grass Valley gold dealer charged with 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 partner, was sentenced Friday to 13 years and four months 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 after alleged victims reported they purchased gold bullion bars from Arnoldi at his business.

More here.

[Doctor Steuss]

Ugh. People who defraud seniors, and rob them of financial security in their golden years shouldn’t see the light of day until they are in their golden years… and without financial security themselves.

Scumbags.