Longview, Texas police investigating counterfeit gold, silver scams

A Longview Police Department investigation into counterfeit gold and silver coins and bullion bars resulted in the arrest of James Leroy Frattarola, on October 4. Federal authorities have also been asked to assist in the investigation since some of the items counterfeited were U.S. coins.

Longview Police learned that in the course of events related to this case, local gold and silver outlets were sold fake items. Several of these items were, in turn, sold to unsuspecting retail customers. One dealer reports recovering all the fakes that he sold to customers but it is unknown if other counterfeit coins or bullion bars have been circulated.

Included among counterfeit items located in Longview were counterfeit Morgan silver dollars, gold Krugerrand coins, a gold $50 dollar U.S. coin, and numerous one-ounce silver bars. The silver bars confiscated locally are counterfeits labeled with the Northwest Territorial Mint out of Washington State insignia. Police contacted Northwest’s personnel. They were extremely helpful and offered expert advice during the investigation. The Northwest Territorial Mint’s website offers advice to help buyers avoid purchasing counterfeit silver bars.

 

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