DENVER—A former rare-coin dealer from Colorado who is accused of taking $2.4 million from customers without delivering the coins they had ordered has pleaded guilty to federal charges.
The Denver Post reports ( ) 62-year-old James P. Burg pleaded guilty Thursday to one count of mail fraud and one count of failing to file an income-tax return.
Burg was accused of defrauding customers who ordered coins from his business, known as Superior Discount Coins and Gold Run Investments, between Oct. 1, 2007, to Jan. 12, 2012. He also was accused of failing to file income tax returns with the Internal Revenue Service between 2003 and 2009.
An investigation determined that during those years, Burg generated gross income of more than $1.3 million. He is scheduled to be sentenced Dec. 17.
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Information from: The Denver Post,
