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Jan 17, 2013 10:52 AM by Adam Atchison

Colorado coin dealer faces federal fraud charges

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

Sixty-one-year-old James P. Burg, 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.

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