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Grand jury adds details in disappearance of gold and silver from Delaware depository

Section: Daily Dispatches

By Joseph N. DiStefano
Philadelphia Inquirer
Monday, February 19, 2024

Robert Leroy Higgins' Delaware gold and silver storage businesses ran out of operating funds in 2012, but, according to a federal grand jury, the West Chester precious-metals dealer was able to attract new clients and stay in business for 10 more years by stealing coins and bullion that a thousand customers had entrusted to the vaults at his Wilmington warehouse.

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Higgins is due in Delaware's federal court Thursday for arraignment on criminal fraud and tax charges first leveled in 2022 and amended three times, the last filed Feb. 15 after attorneys for Higgins and the U.S. attorney for Delaware failed to settle the case without a trial.

If convicted on all charges, Higgins faces up to 45 years in prison. He remains free on condition that he not leave the area, said his lawyer, Jeremy Gonzalez Ibrahim of Chadds Ford.

Higgins, 68, a longtime coin, bullion, and currency dealer, owned First State Depository, one of several Delaware businesses that hold precious metals for companies and individual investors. ...

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with great GATA-label wine

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