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Court again considers fate of seized gold coins worth $80M
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Oct 14, 11:01 AM (ET)
PHILADELPHIA (AP) – A federal appeals court is again considering the fate of 10 rare gold coins possibly worth $80 million or more that the government says were illegally taken from a Philadelphia mint and wound up in a jeweler's hands.
A lawyer for jeweler Israel Switt's heirs told the 3rd Circuit Court of Appeals on Wednesday that authorities erred by seizing the coins without filing a required civil forfeiture action.
A jury found the seizure legal because the coins hadn't been circulated and must therefore have been stolen, but a three-judge appellate court reversed that decision in April. Federal prosecutors then asked for Wednesday's hearing before the full appeals court.
They say returning the rare $20 Double Eagles to Joan Langbord and her two sons would reward the family of a thief.
http://www.nytimes.com/aponline/2015/10/14/us/ap-us-odd-seized-rare-coins.html?_r=0
[TD="bgcolor: #CBCBCD"]
Oct 14, 11:01 AM (ET)
PHILADELPHIA (AP) – A federal appeals court is again considering the fate of 10 rare gold coins possibly worth $80 million or more that the government says were illegally taken from a Philadelphia mint and wound up in a jeweler's hands.
A lawyer for jeweler Israel Switt's heirs told the 3rd Circuit Court of Appeals on Wednesday that authorities erred by seizing the coins without filing a required civil forfeiture action.
A jury found the seizure legal because the coins hadn't been circulated and must therefore have been stolen, but a three-judge appellate court reversed that decision in April. Federal prosecutors then asked for Wednesday's hearing before the full appeals court.
They say returning the rare $20 Double Eagles to Joan Langbord and her two sons would reward the family of a thief.
http://www.nytimes.com/aponline/2015/10/14/us/ap-us-odd-seized-rare-coins.html?_r=0
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