The Liberty Dollar Raid

I wrote a few days ago I wrote about the Ron Paul fans and their attempt to pass their own homemade money around the country.  The company, Liberty Dollar in
Evansville, Indiana, was raided and all their assets seized.

Today that warrant was unsealed, you can read the whole thing here.

Just making my way through it but what it comes down to is that the company was committing money laundering, mail fraud, and wire fraud.

The warrant first goes into the company itself:

It goes into the the similarity of the coins to United States coins which is a violation of US Code:

Whoever, within the United States, makes or brings therein from any foreign country, or possesses with intent to sell, give away, or in any other manner uses the same, except under authority of the Secretary of the Treasury or other proper officer of the United States, any token, disk, or device in the likeness or similitude as to design, color, or the inscription thereon of any of the coins of the United States or of any foreign country issued as money, either under the authority of the United States or under the authority of any foreign government shall be fined under this title.

The warrant also goes into their fraudulent statement that the money is 100% backed by silver:

And then into just one of their scams:

Wowza!

Lots more where that came from and I’m only a quarter of the way through the warrant.

These nimrods are screwed.

UPDATE

Check out how they teach people to sell the currency as legitimate: (a RCO is a Regional Currency Officer, a sort of Region Manager who is above the Liberty Dollar Associate member and finally there is the Member Merchant who agrees to accept ALD’s and gets a discount on buying their own)

And:

Scam scam scam….

UPDATE II

Even more:

And the conclusion: