On June 5th the Gazette of Colorado Springs published an article about the ongoing investigation of the American Numismatic Association's former Executive Director. -Editor The Economic Crimes Division of the 4th Judicial District Attorney's office is investigating Christopher Cipoletti, the former executive director of the American Numismatic Association, senior deputy district attorney Robyn Cafasso said Friday.
The DA's office began reviewing information it received on Cipoletti about eight weeks ago to decide whether to open a criminal investigation, District Attorney Dan May said.
Cipoletti said Friday he was unaware of the investigation.
In 2007, the Economic Crimes Division examined about 3,600 such inquiries, of which 277 were investigated, May said. Of those, criminal charges were filed on 253.
The DA's action comes after four years of legal proceedings involving Cipoletti and the ANA, a federally chartered association for coin collectors headquartered in Colorado Springs.
The recent addendum accuses Cipoletti of civil theft. The new documents filed May 19 in 4th Judicial District Court claim that while Cipoletti was employed by the ANA, he intentionally took, misappropriated or converted monies belonging to the ANA, used ANA resources for personal benefit, double-billed travel expenses, personally accepted money that was to be paid to the ANA for services, billed private clients using ANA time and resources, and misrepresented the status of his vacation and sick time.
Cipoletti refuted the claims Friday.
The ANA's allegations stem from findings that surfaced during an arbitration regarding Cipoletti's employment contract, said Larry Shepherd, who took over as the ANA's executive director in March 2008.
"There were certain things that we knew and certain things that came to light as we did our investigation, and we feel we have an obligation to our membership to disclose those," he said this week.
To read the complete article, see: Ex-numismatic association director under investigation (www.gazette.com/news/cipoletti-55903-filed-arbitration.html)
While on the subject of the ANA, let's interrupt our regular programming for a short word about the organization's current election. Tom Sheehan sent the following email to his numismatic friends this week:
If you haven't voted your ballot yet I would suggest the following and also ask that you forward the recommendations along to other collectors in your address book. I think the clean up job is about half done and a solid board with quality leadership will ensure that the ANA gets back on its feet.
I won't publish Tom's specific endorsements here, but I have to agree with his sentiments. The previous election was an overwhelming referendum against the previous Executive Director and the Board that supported him. Great progress has been made, but it's important to elect a slate of officers that will continue the cleansing and restoration process.
The E-Sylum readership is made up of great folks who are serious about their hobby, and a number of E-Sylum regulars on the ballot starting with Cliff Mishler. Others who contribute regularly include Joe Boling, Wendell Wolka and Mike Ellis. Some candidates are newcomers to hobby politics, but may well bring a fresh perspective. I'm sure the ANA members among you will carefully consider your votes.
Wayne Homren, Editor
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