Coin World has been following the story and I haven't bothered with it much in The E-Sylum, but here's an article about this week's conviction of Bernard von NotHaus, peddler of the "Liberty Dollar".
The leader of a group that marketed a fake currency called Liberty Dollars in the Asheville area and elsewhere has been
found guilty by a federal jury of conspiracy against the government in a case of "domestic terrorism."
Bernard von NotHaus was convicted Friday at the conclusion of an eight-day trial in U.S. District Court in Statesville. The jury
deliberated less than two hours, according to the Department of Justice.
Charges remain pending against William
Kevin Innes, an Asheville man who
authorities said recruited merchants in
Western North Carolina willing to accept the
"barter" currency, according to court
records. Innes was indicted along with von
NotHaus in 2009.
The coins were marked with the dollar
sign, the words "dollar," "USA," "Liberty,"
"Trust in God" (instead of "In God We
Trust") and other features associated with
legitimate U.S. coins.
The case was investigated by the FBI,
Buncombe County Sheriff's Office and U.S.
Secret Service with help from the U.S. Mint.
Von NotHaus, 67, faces up to 25 years in
prison during sentencing, which hasn't
been scheduled. The government also is
seeking the forfeiture of about 16,000
pounds of Liberty Dollar coins and precious
metals valued at nearly $7 million.
"Attempts to undermine the legitimate currency of this country are simply a unique form of domestic terrorism," U.S. Attorney Anne Tompkins said. "While these forms of anti-government activities do not involve violence, they are every bit as insidious and represent a clear and present danger to the economic stability of this country."
While I don't disagree that Von NotHaus was basically running a scam, the government is a little over the top in their accusations. Terrorism? Really? Get a grip.
To read the complete article, see:
Liberty Dollar creator convicted in federal court
Dick Johnson and Chris Salmon forwarded a link to the FBI's press release.
To read the complete press release, see:
Defendant Convicted of Minting His Own Currency
Wayne Homren, Editor
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