Financial Crime
Investigators allege Robert Higgins misappropriated tens of millions of dollars’ worth of silver American Eagle coins
Investigators say 500,000 of the American Eagle silver coins that were supposed to be contained in Robert Higgins’ vaults are missing.
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When investigators went into the vault where Robert Higgins claimed he kept half a million of his customers’ silver coins, all they say they found were empty boxes filled with IOUs.
Investigators with the Commodity Futures Trading Commission say the empty vault was the result of a complex coin-leasing scam in which Higgins claimed he was buying and storing American Eagle coins but pocketed tens of millions of dollars of investors’ money instead.
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