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Re: Gold and Silver 

By: De_Composed in GRITZ | Recommend this post (1)
Fri, 14 Mar 25 11:13 PM | 11 view(s)
Boardmark this board | Grits Breakfast of Champeens!
Msg. 05446 of 05458
(This msg. is a reply to 05441 by Zimbler0)

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Zimbler0:

Re: “In addition, Nelson, 62, and William, 59, were found guilty of racketeering charges, but the civil case verdict carries no criminal penalties.”
Yep, that's what they were convicted of. But I don't understand what they did that was so wrong that it should be a crime. Buying all the silver and driving its price up? It seems to me that other Bazillionaires have done similar things and worse without going to jail.







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The above is a reply to the following message:
Re: Gold and Silver
By: Zimbler0
in GRITZ
Fri, 14 Mar 25 9:47 PM
Msg. 05441 of 05458

Decomposed > (Someone remind me why what they did was illegal.)


>>>
From :
http://www.latimes.com/archives/la-xpm-1988-08-21-mn-1152-story.html

Two Guilty of Racketeering

Jurors in the trial, which began last February, found the three brothers guilty of violating fraud, commodities and antitrust laws. In addition, Nelson, 62, and William, 59, were found guilty of racketeering charges, but the civil case verdict carries no criminal penalties.

Only Lamar, 56, the owner of the Kansas City Chiefs football team, was found not guilty of racketeering. The jury also found that International Metals Investment Co. and Mahmoud Fustok, a prominent race horse owner, had participated in the conspiracy.

The metals investment company was owned by two Arab sheiks and two of the Hunt brothers. Fastouk is the brother-in-law of the Saudi Arabian crown prince. Another defendant was a Lebanese businessman now living in Brazil. The sheiks and the Lebanese businessman, Naji Nahas, have no U.S. holdings and did not challenge Minpeco’s court papers.
>>>

Zim.


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