#Delaware based #PreciousMetals
#broker sentenced to #prison after ripping off some $50+ million in #Ponzi type scheme from over 900 victims who used his "First State Depository". The #fraud #prosecution by #FBI began in fall 2022 after 500,000 silver coins "disappeared" and case was assisted by #UK #FinancialConductAuthority and #CommodityFutures Trading Commission .

#CoinDealer Robert Leroy Higgins of #WestChester, #Pennsylvania was eventually prosecuted and found #guilty on all counts for multiple #crimes including tax evasion, wire/mail fraud, perjury, witness intimidation, etc. He is supposedly on hook for $112.7 million in restitution.

Higgins' LinkedIn page is still up and offering his expertise in "maximum returns"

https://www.linkedin.com/in/robert-higgins-3917583a/

https://www.justice.gov/usao-de/pr/delaware-precious-metals-depository-owner-convicted-mail-wire-and-tax-fraud

https://www.delawarebusinessnow.com/news/delaware/delaware-company-ordered-to-pay-back-nearly-113-million-in-alleged-precious-metals-scam/article_418a73a0-3b32-5117-9ff6-924bffc13738.html

Interesting look into how farmers must make decisions based on how much it might cost to grow a type of grain in this upcoming season, what the yields might be given the weather, and what the likely price will be for that grain at the end of the year when they need to sell it.

Not an easy decision to make before Spring each year!

https://www.dtnpf.com/agriculture/web/ag/news/article/2024/03/20/farmers-sold-grain-like-contractors

#Farming #CommodityFutures #RollTheDice #RiskManagement #Agriculture #ValueFarmers