- Associated Press - Thursday, August 20, 2015

CHARLOTTE, N.C. (AP) - Federal prosecutors say a coin and precious metals dealer and his company pleaded guilty to wire fraud charges for defrauding more than 400 people of over $15 million.

Acting U.S. Attorney Jill Westmoreland Rose said the Tulving Company Inc. and its owner, Hannes Tulving, Jr., of Newport Beach, California, pleaded guilty Thursday in Charlotte.

Plea agreements and court statements say the California-based business sold coins, bullion and other precious metals over the Internet.

Authorities say that from August 2013 to January 2014, Tulving and his company convinced people nationwide to order coins and other merchandise knowing the orders couldn’t be filled.

The 60-year-old Tulving was released Thursday on bond. As part of a plea agreement, authorities say he’s agreed to pay restitution to the victims.


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