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The E-Sylum:  Volume 9, Number 33, August 13, 2006, Article 16

ANA LAWSUIT HEADS TO COURT

The Colorado Springs Gazette published a story today about the
American Numismatic Association, its current troubles, and the
lawsuit scheduled for a hearing September 26th:

"The American Numismatic Association, a nonprofit group that
educates hobbyists about coin collecting and money, certainly
knows how to lose it.

For the past four years, the Colorado Springs-based organization
has operated at a loss of hundreds of thousands of dollars a year.

But that's just one of its problems.

The 115-year-old group, federally chartered as an educational,
historical and scientific organization, is beset by questions
over its finances and complaints that its leadership fosters a
culture of excessive secrecy and demands loyalty oaths."

""It's unfortunate to have such dissension and turmoil in this
organization," said Beth Deisher, editor of industry publications
Coin World and Coin Values. "That makes it difficult to move
forward."

"Deisher said the ANA is expected to be forthcoming about its
dealings, but she said she and others have noticed a "shroud of
secrecy" they say began when Cipoletti took charge three years ago."

"Cipoletti chalked up the turnover to his goals of streamlining
operations and reaching younger members with new programs, and
normal adjustments that occur with a new leader.

"Anytime you start something new or take something away, you're
going to have disagreement," he said. "People see change as
somewhat threatening."

The feud within the ANA is now headed to court. A civil lawsuit
filed on behalf of the ANA and Cipoletti is scheduled for a jury
trial Sept. 26. It alleges that three former employees and a
computer services contractor and his company conspired against
Cipoletti and the ANA by posting false statements about Cipoletti
on several Web sites."

To read the complete article, see: Full Story

  Wayne Homren, Editor

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