Posted on 03/18/2011 3:03:10 PM PDT by DeaconBenjamin
Bernard von NotHaus, creator of the Liberty Dollar, was found guilty on two counts this morning in his counterfeiting trial at the federal courthouse in Statesville, N.C.
He was found guilty of making counterfeit coins and an intent to defraud. Sentencing will be held in several months.
The jury reached its decision in less than 90 minutes.
In this week's four days of defense testimony, von NotHaus maintained that his "medallion" was not legal tender. He said each piece contained the NORFED name and telephone number, but the government pointed out that the silver pieces bore a very strong resemblance to legal U.S. tender coins.
Forfeiture hearings began after the verdict was read in regard to property belonging to von NotHaus and others that was seized by the U.S. government.
Oh please, no one thought these were real US currency... have you seen pics of this money?
BTW, his coins were backed by actual gold and silver. Unlike “real” currency.
BTW, his coins were “backed by actual gold and silver”. Unlike “real” currency.
Note to self: do NOT accept “money” from anyone whose last name sounds similar to “nuthouse”...
Counterfeiting is usually punished fairly heavily. Ouch.
A government that has the time, money and people to screw around with stuff like this is clearly too big and out of control. Drain the Swamp!
” Forfeiture hearings began after the verdict was read in regard to property belonging to von NotHaus and others that was seized by the U.S. government. “
When this is the payoff, not breaking any law is no excuse....
Only the Fed and ‘Bernacke’ can print worthless/counterfeit currency .. didn’t you know?
/johnny
Well, he made silver coins and so he gets his stuff seized.
He should have made silver bullets instead. That might actually be a worthwhile investment.
The guy should have issued paper and promised to buy T-Bills with it, they would have given him a key to the city. Better yet, buy an island and issue the paper there. Silver is for chumps (I should know).
The key difference is that Nothaus put "$20" on his coins, not "one ounce." That violates the counterfeiting laws. (It also makes him a fraud, because his "$20" coins only contained about $8 worth of silver at current market rates.)
They are not legal because the govt went about proving they weren’t and convinced a jury that was less than fully informed that their side was correct. JUST US with the power will decided JUSTICE.
does anyone know the metallic composition of the “coin” or its weight?
Unless it’s done in China.
So how come Bernanke isnt in jail or hanging from a lampost?
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