New York - FTC: Seller Of Bogus 9/11 Coins To Pay $750,000 |
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New York - A company that sold Sept. 11 commemorative coins supposedly containing silver from ground zero has agreed to pay $750,000 to settle charges that it deceived consumers.
The Federal Trade Commission says Port Chester, N.Y.-based National Collector’s Mint charged customers for items they never ordered and failed to identify its wares as imitations.
A law passed in 2010 created an official Sept. 11 medal to benefit the museum being built at the World Trade Center site.
New York Sen. Charles Schumer and Rep. Jerrold Nadler complained the National Collector’s Mint’s coins could deprive the museum of funds.
The FTC said in a release Thursday the agreement bars National Mint from misrepresenting its products.
Schumer said Saturday that the nation will not tolerate a “despicable scam.”
The company’s attorney didn’t immediately return a phone message Saturday.
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Read Comments (2) — Post Yours »
1
Jan 20, 2013 at 04:26 PM moishymike Says:Report as Inappropriate
they made 100 million now the pay 700,00 fine that's a good deal
2
Jan 20, 2013 at 05:15 PM Anonymous Says:Report as Inappropriate
“ they made 100 million now the pay 700,00 fine that's a good deal ”
“ they made 100 million now the pay 700,00 fine that's a good deal ”
Your English and reading comprehension ($700? Seriously?) say the education your parents paid for was NOT a good deal.