4 Levittown brothers accused in $70-million coin scam

Full story: Newsday

Four brothers from Levittown masterminded a boiler room scam that robbed millions of dollars from elderly victims, federal authorities said yesterday.
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1 - 20 of 417 Comments Last updated Wednesday Aug 6
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Ken Hansen Brookhaven

Freeport, NY

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#1
Nov 25, 2008
 

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Folks...that is not the only boiler room fraud going down in Copiague....a few years ago I worked for the folks who own Riverhead Raceway...boy did they have a so called "legitimate" boiler room going with all money supposedly going to the cops...Yeah, right.

But their uncle is de judge who has his name on the biggest courthouse in Riverhead so you might say these two Riverhead Raceway gals are kind of "protected" if you know what I mean.

Come on DA...check out this scam....it makes these coin dealers look like neophytes!!! But then again, there is that judge in the family!!!!

Thanks for listening......
paul

Fairfield, CT

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#2
Nov 25, 2008
 

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The elderly are prime targets for scam artists, because of their declining senses, and become easily deceived and manipulated. This pack of rats should have the book thrown at them, and the table and the chairs and anything else at hand.
stev337

Lindenhurst, NY

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#3
Nov 25, 2008
 

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E pluribus unim
walrus

Pottsville, PA

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#4
Nov 25, 2008
 

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A penny for your thoughts. Sorry, I just had to get my 2 cents in!
Greedisgood

Washington, DC

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#5
Nov 25, 2008
 

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Gee, that scheme sounds a heck of a lot like what ruined our economy on the street.

Why are there not more Wall Streeters being charged with a crime?
Lindenhurst

White Plains, NY

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#6
Nov 25, 2008
 
Was that the "jewelry store" on Wellwood next to the crappy bagel place?
lmm

Rosedale, NY

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#8
Nov 25, 2008
 

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Lindenhurst wrote:
Was that the "jewelry store" on Wellwood next to the crappy bagel place?
yes the one the old man ran he is a thief too and a nasty S.O.B too

“There's Only One ME!”

Since: Mar 08

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#9
Nov 25, 2008
 
Lindenhurst wrote:
Was that the "jewelry store" on Wellwood next to the crappy bagel place?
No, its not the same store. I know the owner of the store (Genovese Shopping Strip) and they would never engage in this activity.
lmm

Rosedale, NY

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#10
Nov 25, 2008
 
Informed Poster wrote:
<quoted text>
No, its not the same store. I know the owner of the store (Genovese Shopping Strip) and they would never engage in this activity.
not that bagel store the other one in village on wellwood ave

“There's Only One ME!”

Since: Mar 08

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#11
Nov 25, 2008
 
lmm wrote:
<quoted text> not that bagel store the other one in village on wellwood ave
Then that would be the place. I just wanted to clarify which jewelry store it was. The one I was referring to our friends and I don't want them getting bad press for being a good, honest business. Thanks.
Lindenhurst

White Plains, NY

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#13
Nov 25, 2008
 
let us try this another way

What is the street address for this gold and coin store in Lindenhurst?
USA 350

Columbus, OH

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#14
Nov 25, 2008
 

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Five years in Prison? These Crooks can do that time standing on their heads!After time off for 'Good Behavior',they're hardly doing any time at all!With that in mind,the Gov't should seize all their assets,Everything they own!
duh

Rosedale, NY

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#15
Nov 25, 2008
 
Lindenhurst wrote:
let us try this another way
What is the street address for this gold and coin store in Lindenhurst?
dont know the number of the business but if you know the crappy bagel store then you know where it is
urnotsosmart

Bangkok, Thailand

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#16
Nov 25, 2008
 
If you are going to steal ,steal big$$$.
Lindenhurst

White Plains, NY

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#17
Nov 25, 2008
 
I only know what I read in the papers.
Chief K

Southold, NY

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#18
Nov 25, 2008
 
Lindenhurst wrote:
I only know what I read in the papers.
That's no surprise, your post are usually boring anyway.
mister hard driver

New Hyde Park, NY

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#19
Nov 25, 2008
 
its sad to see brothers breaking apart. put them all in the same cell for 20 years.

Since: Feb 08

Bronx, NY

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#20
Nov 25, 2008
 

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USA 350 wrote:
Five years in Prison? These Crooks can do that time standing on their heads!After time off for 'Good Behavior',they're hardly doing any time at all!With that in mind,the Gov't should seize all their assets,Everything they own!
In our society robbing cash is practically the "American Way" Robbing people of their nest eggs and life's savings should be punished as severely as murder.

Wall Street does this every 10 to 12 years, and of course we have operations like those mentioned in this article. Hang them all.
Swine

Glen Cove, NY

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#22
Nov 25, 2008
 

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This sort of reminds me of the biggest scam of all - The Federal Reserve Bank. It's not a government institution and it has no reserves. Those pieces of paper in your pocket are as worthless as these coins unless you have faith in the governments promise that they are sound. If you do, you are as dumb as these marks.
Swine

Glen Cove, NY

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#23
Nov 25, 2008
 

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Pat wrote:
Italians ripping people off? Nahhh...what a shock.
Let me guess: they're all fat?
Yes, they are just like their cousins, the j*e*w*s.

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