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Colorado Coin Dealer Faces Federal Fraud Charges

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(credit: iStock)

(credit: iStock)

DENVER (AP) – A Colorado coin dealer is accused of taking $2.4 million from customers without delivering the coins they had ordered.

James P. Burg, 61, formerly of Fairplay, has pleaded not guilty to several counts of wire fraud, mail fraud, money laundering and failure to file tax returns. He was arrested in California in November and appeared in federal court in Denver this month.

A federal grand jury indictment alleges that from about Oct. 1, 2007, to Jan. 12, 2012, Burg devised a scheme to defraud customers who ordered coins from his businesses, known as Superior Discount Coins and Gold Run Investments.

A jury trial is scheduled to start in March.

(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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