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2 arrested in New York in coin fraud cases prey on elderly in South Florida, authorities say
March 26, 2010
By Michael LaForgia, The Palm Beach Post
Accused of running a $40 million boiler-room scam on New York's Long Island, Joseph Romano posted bond, headed to Delray Beach and continued preying on elderly victims, federal authorities said Friday.
Romano and a co-conspirator, Russell Barnes, used a slick website, cold calls and high-pressure sales tactics to sell rolls of coins to unsuspecting buyers, according to court documents filed by Assistant U.S. Attorney Lara Treinis Gatz. Now, Gatz is arguing the duo should be jailed until their cases are resolved.