FTC: Seller of bogus 9/11 coins to pay $750,000January 19, 2013 @ 5:02 pm
NEW YORK (AP) - A company that sold Sept. 11 commemorative coins supposedly containing silver from ground zero has agreed to pay $750,000 to settle charges that it deceived consumers.
The Federal Trade Commission says Port Chester, N.Y.-based National Collector's Mint charged customers for items they never ordered and failed to identify its wares as imitations.
A law passed in 2010 created an official Sept. 11 medal to benefit the museum being built at the World Trade Center site.
New York Sen. Charles Schumer and Rep. Jerrold Nadler complained the National Collector's Mint's coins could deprive the museum of funds.
The FTC said in a release Thursday the agreement bars National Mint from misrepresenting its products.
Schumer said Saturday that the nation will not tolerate a "despicable scam."
The company's attorney didn't immediately return a phone message Saturday.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
Bonneville Media encourages site users to express their opinions by posting comments. Our goal is to maintain a civil dialogue in which readers feel comfortable. At times, the comments can descend to personal attacks. Please do not engage in such behavior. We encourage your thoughtful comments which: have a positive and constructive tone, are on topic, are respectful toward others and their opinions. Bonneville reserves the right to remove comments which do not conform to these criteria.