Texas coin companies target elderly investors
The 2004 magazine ad for Silver American Eagles that caught Maureen O’Neill’s eye included a thumbnail history and some mumbo jumbo about the coins being “certified gem brilliant uncirculated” and “sonically sealed in a tamper-evident holder.” But the 74-year-old widow and retired nurse didn’t understand or care about any of that. O’Neill just figured that filling out the coupon would save a trip to the mall: “I thought they would make nice Christmas presents for my son and son-in-law.”
Editors Note:
The following is a statement by Michael R. Fuljenz, President of Universal Coin & Bullion
“The article by reporter Todd Spivak in a free weekly paper contains errors of fact and it omits relevant information to show that the outrageous allegations in the lawsuits against us are utterly ridiculous. We will continue to vigorously fight these predatory, nonsensical lawsuits that were filed by an attorney who was terminated last year under unusual circumstances from his previous law firm, and we intend to aggressively prove our case in court.â€
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