US Coin Exchange Twenty First Century Coin Grading Service Coin & Currency Clearing Corp & Fraudulent Ripoff Coconut Grove Florida *UPDATE

UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF FLORIDA

Case # 04-20261, RE: ARMAND ANTHONY DEANGELIS
Judge Gold presiding

The following are from the court Sentencing Minutes dated 11/18/05.

Armand DeAngelis was found guilty on two counts.

As to count 1 imprisonment for 60 months.
As to count 13 imprisonment for 37 months.

SENTENCES TO RUN CONSECUTIVELY for a total of 97 months.

THE WHEELS OF JUSTICE SOMETIMES GRIND SLOWLY
BUT THIS INDIVIDUAL NOW IS RIGHT WHERE HE BELONGS.

UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF FLORIDA

Case # 04-20261, RE: ARMAND ANTHONY DEANGELIS
Judge Gold presiding

The following are from the court Sentencing Minutes dated 11/18/05.

Armand DeAngelis was found guilty on two counts.

As to count 1 imprisonment for 60 months.
As to count 13 imprisonment for 37 months.

SENTENCES TO RUN CONSECUTIVELY for a total of 97 months.

THE WHEELS OF JUSTICE SOMETIMES GRIND SLOWLY
BUT THIS INDIVIDUAL NOW IS RIGHT WHERE HE BELONGS.

UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF FLORIDA

Case # 04-20261, RE: ARMAND ANTHONY DEANGELIS
Judge Gold presiding

The following are from the court Sentencing Minutes dated 11/18/05.

Armand DeAngelis was found guilty on two counts.

As to count 1 imprisonment for 60 months.
As to count 13 imprisonment for 37 months.

SENTENCES TO RUN CONSECUTIVELY for a total of 97 months.

THE WHEELS OF JUSTICE SOMETIMES GRIND SLOWLY
BUT THIS INDIVIDUAL NOW IS RIGHT WHERE HE BELONGS.

UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF FLORIDA

Case # 04-20261, RE: ARMAND ANTHONY DEANGELIS
Judge Gold presiding

The following are from the court Sentencing Minutes dated 11/18/05.

Armand DeAngelis was found guilty on two counts.

As to count 1 imprisonment for 60 months.
As to count 13 imprisonment for 37 months.

SENTENCES TO RUN CONSECUTIVELY for a total of 97 months.

THE WHEELS OF JUSTICE SOMETIMES GRIND SLOWLY
BUT THIS INDIVIDUAL NOW IS RIGHT WHERE HE BELONGS.

Thanks to the consumer response from the complaints made on RIP-OFF REPORT.com concerning ARMAND DEANGELIS OWNER OF US COIN EXCHANGE, 21ST CENTURY COIN GRADING SERVICE AND COIN & CURRENCY CLEARING CORPORATION, the following events have occured:

PRESS RELEASE APRIL 28TH 2004, MADE BY THE US DEPARMENT OF JUSTICE SOUTHERN DISTRICT OF FLORIDA.

For Information Contact Public Affairs
Matthew Dates, Special Counsel for Public Affairs, (305) 961-9285
Yovanny Lopez, Public Affairs Specialist, (305) 961-9316


DIRECTOR OF CURRENCY HEDGE FUND
CHARGED IN 38-COUNT INDICTMENTENET

Marcos Daniel Jimnez, United States Attorney for the Southern District of Florida, and James Beltz, Postal Inspector in Charge, U.S. Postal Inspection Service, announced that on April 27, 2004, an indictment was returned charging, Armand A. DeAngelis, Marcela DeAngelis, U.S. Coin Exchange, Inc., Coin and Currency Clearing Corp., and Twenty-First Century Grading Service, Inc., with one (1) count of conspiracy to commit mail and wire fraud, twelve (12) counts of mail fraud, ten (10) counts of wire fraud, and fifteen (15) counts of money laundering, which consist of ten (10) money laundering promoting counts, and five (5) money laundering spending counts, in connection with a fraudulent gold coin investment scheme carried out through three South Florida corporations that raised approximately $5 million from investors throughout the United States.

The 38-count Indictment resulted from an investigation conducted by the U.S. Postal Inspection Service concerning the offer and sale to investors of investments in rare gold coins by U.S. Coin Exchange, Inc., which operated in the Coconut Grove area as a purported full service discount gold brokerage firm. Both Coin and Currency Clearing Corp. and Twenty-First Century Grading Service, Inc. operated out of another Miami-area address. Collectively, the three corporations purportedly graded and sold, among other things, rare gold, silver, and other collectible items. Coin and Currency Clearing Corp., which claimed to be an independent clearing house, delivered coins to Twenty-First Century Grading Service, Inc. for grading.

Between March 2000 and June 2003, Armand A. DeAngelis, along with his wife, Marcela DeAngelis, operated the three corporations in a scheme that targeted Christians throughout the United States by advertising in various Christian periodicals. The defendants defrauded customers by, among other things, making material misrepresentations concerning the profitability and risk of loss concerning investments in rare gold coins. Unbeknownst to investors, the defendants had purchased low-grade gold coins and had them graded at a higher grade by Twenty-First Century Grading Service, Inc., a company owned and operated by Armand A. DeAngelis. These inflated coins were then sold to unsuspecting investors at prices two to three times their true value.

Armand A. DeAngelis and Marcela DeAngelis are scheduled to make their initial appearances in federal court today at 1:30 p.m. If convicted, Armand A. DeAngelis and Marcela DeAngelis could face five (5) years' imprisonment and a $250,000 fine on the conspiracy to commit mail and wire fraud count (Count 1). Armand A. DeAngelis, if convicted, could face twenty (20) years' imprisonment and a $250,000 fine on each mail fraud count (Counts 2 through 13), twenty (20) years' imprisonment and a $250,000 fine on each wire fraud count (Counts 14 through 23), twenty (20) years' imprisonment and a $250,000 fine on each of the ten money laundering promoting counts (Counts 24 through 33), and ten (10) years' imprisonment and a $250,000 fine on each of the five money laundering spending counts (Counts 34 through 38).

Mr. Jimnez commended the investigative efforts of the U.S Postal Inspection Service, as well as the cooperative efforts of the Commodity Futures Trading Commission and the State of Florida Office of Financial Regulation. The case is being prosecuted by Assistant United States Attorney Richard Boscovich.

Ken Viall was a client of this Company almost 10 years ago.

He purchased Gold coins graded by NGC.The coins were delivered, inspected and accepted by him.
A year later, he wanted to sell his coins and I offered him $12,000 for his $l4,000 made a year earlier.

Mr. Viall then proceeded to complain to every organization and Government agency his demented mind could think of.

To act in good faith, Shortly after his complaint made about 10 years ago, I gave him 2 additional NGC gold coins for free and in return, he signed and executed a settlement release.
Then, a year later, despite the fact that he voluntarily settled his problem, purchsed a computer, set up various internet hate sites, (similiar to those n**i, anti-semetic sites on the net) , copied my propritory trademarked and copyrighted information and started to make many false and misleading statements about me on the internet with the sole intent of extorting or blackmailing monies from me.
His first demand was $30,000 when he said "he would go away", etc. This fact has been well documented.

I did not yield to his extortion and then he decided to invent his UPDATES trying to intimidate me further then increasing his demands to $100,000 or he would :kill my wife and 2 year old son".

I made a police report and it would seem that Mr. Viall is already under investigation...

Mr. Viall then set up his internet site with the intent of recruiting additional unhappy customers who otherwise were happy for years and years by making false and misleading statements with the sole intent of creating confusion or dissatisfaction from our clients. Moreover, he encouraged those customers to instigate a chargeback on their credit card, get their money back from their credit card Bank and KEEP OUR GOLD AND NEVER RETURN IT TO US!

KENNEITH VIALL has caused over $1,000,000 is chargebacks in which he was directly responsible for creating unhappy customers by making many false and misleading statements about me on his HATE sites. His latest recruit is John Dower is lied to his Visa Bank stating he returned his coins when in fact he did not.

Compounding matters, due to the volume of dissatisfied customers VIALL created, he has caused the Postal Inspectors Office to look into the matter. In the typical federal Gov't mindset, it would seem that they are more interested in exhausting taxpayers money on pursueing false accusations rather than sustaining the megar Social Security benefits to Americas Elderly...So much for their priorities..;.

Regarding Mr. Viall, does he sound like the type of individual you would trust in your home or life...? Would you trust your children with someone who threatens to KILL a 2 year old Baby if you don't give him $100,000? Would you consider a person a reasonable person who faxes a 68 page fax to my home saying 'HA, HA, HA, HA, ETC" when he somehow found out your beloved sister had died of AIDS....? I did not think so . Would you consider someone credible who voluntarily entered into a settlement agreement almost 10 years ago, and then afterwords starts his internet site and extortion blackmail campaign? Would you consider a "person" like Kenneith Viall who converted otherwise happy customers for in some cases over 10 years into being all of a sudden unhappy and then devise a scheme to defraud over a MILLION DOLLARS from this Company by disputing their Gold coin purchase from in some cases several years after they have had possession of their Gold, then receiving their money back from their credit card Bank and keeping the Gold...? Does that sound like a lawabiding citizen...? When I recently told the postal inspector about how Kenneth Viall had engineered a nationwide scam against my Company which resulted in over $1,000,000 in stolen Gold from us, they actually starting laughing!

So much for our Government officials and their ethics. Perhaps they approved of the Rodney King beatings also...?

In summary, you are free to believe what you wish. However, if you wish to consider the facts, I would be happy to post here copies of Kenneith Vialls settlement release, and other documents to support what I have mentioned here.

What he also does not tell you is that he is also facing at least 2 FEDERAL LAWSUITS for his false accusations and misleading statements he has made about me and others. Moreover, he filed a counter claim against me and it was recently dismissed with prejudice--so much for the merits of his claims from 10 years ago.

In short, Kenneth Viall is not the type of person to be believed. As he states in his original complaint, he though he was getting "rare" coins but instead received common date coins. If you the reader or anyone with common sense knows anything about pure Gold coins, there is no way he could have thought he was getting "rare" coins since he purchased about l2 Gold coins and paid $l4,000 for ALL OF THEM.

The term "rare' is a loosely defined term applying to collectible coins typically made prior to l933. There are coins more rare than others and so on based on their mintage. Some individual coins have sold for as high as $4,000,000 each! Yet, Mr. Viall wants to believe that he thought he was getting l2 pure Gold "rare" coins for $l4,000.

Mr. Viall and others will be accountable for their actions. Mr. Viall was recently ordered to pay for $7,040 of my legal fees for his frivilous efforts in Court. If he does not pay it, he may wide up in prison...

If you wish to associate yourself with or believe people like Kenneth Viall you are free to do so, the only difference between he and I is I will respect your opinions, I won't threaten to kill your Wife and Children and try to blackmail you for $100,000...

NOTICE OF FEDERAL SEARCH AND SEIZURE:

There appears to be a criminal investigation of US Coin Exchange, Inc. , and 21st Century Coin Grading Service, Inc. and Coin & Currency Clearing Corp. . The U.S. Postal Inspection Service applied for and executed search warrants against these corporations in Miami, Florida, in the Southern District of Florida.

The search and seizure was completed by a Task Force of U.S. Postal Inspectors at US Coin Exchange, Inc. , or 21st Century Coin Grading Service, Inc. or Coin & Currency Clearing Corp. . All the documents and other evidence seized from these corporations are being reviewed in their entirety to determine if any criminal charges are to be made against the companies, the principals or the employees.

IMPORTANT:

Any person willing to discuss their business dealings with US Coin Exchange, Inc. , or 21st Century Coin Grading Service, Inc. or Coin & Currency Clearing Corp. . Regarding any matter should immediately contact Postal Inspector Sol Farash at the U.S. Postal Inspection Service in Miramar, FL at (954) 436-7200.

Ken Viall contacted our firm in late 1994 early 1995 requesting information about buying collectible gold coins to add to other collectibles he owned.



The collectible gold coins were delivered to him.

He then contacted us in l997 and asked how his coins were doing.



I then told him that his coins were worth less because not only was bidding activity low for the coins he purchased; but, he would suffer the dillution between the retail price he paid versus the wholesale price he as a non-dealer would receive.



I reminded him like his penny stocks which he was very familiar with, collectibles had large spreads between retail and wholesale prices; and, in order for him to realize a monetary benefit, the wholesale price would have to rise in value to a point when it exceeds the retail price a customer pays.



Mr. Viall went crazy threatening me and complained to numerous organizations to discredit myself and my Corporation.



Mr. Viall made a complaint with the FTC who contacted me in l997 and asked what I could do to resolve the problem.

I agreed to give Mr. Viall 2 additional gold coins for free ane he in exchange ENTERED INTO A VOLUNTARY SETTLEMENT ON JULY 27, 1997.



Since then, Mr. Viall has engaged in an unrelenting campaign of harassment and blackmail to damage my business.



That is precisely how Jessica Lillibridge was farmed in to making a complaint-- ken viall solicitied her complaint...



Mr. Viall since as early as l996 has engaged in a campaign of hate, revenge, extortion, blackmail and other crimes.



His terroristic threats are not different than those made towards other Americans.



He is trying to promote anxiety, tension, fear and now is trying to extort monies from me.



Last year he called my office and said to me that he was first going to destroy my business, then KILL MY WIFE, MY INFANT SON AND THEN ME UNLESS I GIVE HIM $'100,000.00 IN CASH!



I have made a Police Report and they are investigating Mr. Viall.



Moreover, Mr. Viall is being sued in at least 2 different Lawsuits in Federal Court.



Regarding the accusations he made on this site which in essence is another extention of his perpretation of HATE, would like to comment on the following.



Twenty first Century Grading Service, Inc. , is an independant Florida Corp which for a fee grades coins.



There are numerous companies which offer this service on the internet.



For a brief understanding of same, please refer to www.uscoinexch.org which will orientate the reader as to the subjective nature of collectible coin grading and pricing as well as introduction to who owns or is affiliated with which grading service.



Twenty First Grading Service is presently sueing Mr. Viall in Federal Court here in Florida.



Mr. Viall had ample opportunity to file a counter claim (under the Federal rules) and he did not do so because he knows he has no case or legitimate complaint against TCGS.



Mr. Viall is also being sued by U.S. Coin Exch, Inc in Federal Court. Here again, Mr. Viall did not file a counter claim as he could have done because once again, he does not have a legitimate complaint...



TCGS is an independant Corporation which has nothing to do with U.S. Coin Exch, Inc.



TCGS is in Miami and U.S. Coin Exch, Inc is in Coconut Grove.



Mr. Viall states that Coin and Currency Clearing Corp is in the same office as that of TCGS.



True, TCGS and CCCC are in the same office building like a contruction company is, an oil company an advertising agency is, etc, etc.



I guess in his demented mind all of those companies must be the same...



TCGS is a member in good standing with the Better Business Bureau just as U.S. Coin Exch, is.



Mr. Viall wrote to the BBB and they felt no wrongdoing was done and he voluntarily settled his problem over 6 years ago.



All the Companies Mr. Viall tries to discreit are members in GOOD STANDING with the Better Business Bureau, The Industry Council of Tangible Assets, and the Chamber of Commerce.



U.S. Coin Exch, Inc has been in business almost l4 years and has a vast international client base.



Mr. Viall is unfortunately using the internet once again to promote his HATE AND TERROR.



The individual who established this internet site has done a good job to protect the consumer and I commend him for his efforts.



However, unfortunately there are people like Mr. Viall who have deep rooted psychological problems who pervert the intended use of the internet to carry out his extortion and hate crimes.



Mr. Viall has also set up an internet site to farm in other complaints against myself and my Company.



His efforts are only part 1 of his threats againnst my Company, my Wife and Infant Son, previously mentioned.



I am sure people like the Taliban would approve of behavior like Mr. Viall's.



To me, he was almost a decade ago a disgruntled customer, he voluntarily settled his "claims".



Now he is tring to use the internet (including this site) to extort more money from me.



If you the readers out there have Children yourself ask yourself what kind of person would threaten to kill a l6 month old baby for money?



Ask yourself what kind of person would be so obsessed that even thoughh he voluntarily entered into a settlement of his "claim" close to 6 years ago, he persists in harassing me, my Company, my family; and, now he is trying to implicate other Companies which have nothing whatsoever to do with U.S. Coin Exch, Inc.



Perhaps he will next implicate Carnival Cruise Lines also because they too are in South FLorida...



People like Mr. Viall, the Unibomber and Timothy McVeigh who are all filled with hate and revenge need to be prayed for.



I just ask you the readers of his bogus site that you consider what type of mind this person must have to do what he is doing...



If you would like to call me for any details about this matter or Mr. Viall; i.e. his two social security numbers, please feel free to call me directly at 305-859-9050.



Armand DeAngelis, Pres

U.S. Coin Exch, Inc.

According to the Florida Department of State Division of Corporations, M. Addicott, one of Armand DeAngelis's Attornys is the Registered Agent of "Twenty First Century Coin Grading Service" and Armand DeAngelis is "Officer/Director Detail".



Registered Agent of "Coin & Currency Clearing Corporation" is again M. Addicott and Officer/Director Detail is Ospina Marcella (the wife of Armand DeAngelis using her maiden name I believe).



Registered Agent & Officer/Director Detail of "U.S. Coin Coin Exchange, Inc." is Armand DeAngelis. According to the Florida Department of Records. Armand operates US Coin Exchange, is President of TCGS. In addition TCGS and CCCC are in the same office, 2730 SW 3rd Avenue. It would appear that all three business are directly linked together in one way or another.



Please read the following paragraphs right from the CCCC WEB site:



At CCCC, our policy is that all principles or persons working for the Company are prohibited from joining any organization which promotes any kind of direct or indirect link between their submission center (who is one of their dealer members) and you the consumer.



A violation of this strict code of ethics would cause the immediate termination of any of our employees found engaging in this kind of activity.



In our opinion, the consumer should be wary of any coin dealer who is also an "authorized submission center" for any of the various grading service companies or is a member of any organizations which directly or indirectly link the "authorized submission center coin dealer" in any way with any grading service companies...--many of which have gained significant popularity from their extensive marketing campaigns over the years...



Coin & Currency Clearing Corporation is an independent third-party receiving or clearing company whose purpose is to guarantee impartiality between the Coin Dealer and/or Collector Community and the various Coin Grading Service Companies.



All coins submitted to CCCC are received at a private location which TCGS has no knowledge of or access to. The coins owner or submitted is removed from the coins and then submitted at the offices of TCGS for truly unbiased third-party grading.



There is never a link between the submitter and the grading service. Doing so in our opinion compromises the integrity of the grading process and places the consumer at additional risks.



As a completely independent and impartial clearing facility corporation unaffiliated in any way with any dealer corporation, we guarantee the utmost security between the submitting customer or entity and you the customer- thereby assuring not only complete privacy and confidentiality, but also protection to assure truly unbiased grading.



What this means is Armand DeAngelis over grades his own coins masquerading as TCGS and then deceptively sells them through US Coin Exchange, Inc. TCGS is a grading service that has no credentials or is it recognized by any credible institution in the coin industry.



When dealing with organizations such as the ones mentioned above, an individual should always insist on credible references to establish proof of the status or recognized qualifications of the people he is dealing with and most important carefully check them out.



Kenneth

Hallstead, Pennsylvania
U.S.A.