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DOWNIES EMPLOYEE STOLE COINS TO BUY SPORTS CARDS
This story from Australia reports that an employee of Downies Coins has been sentenced to prison for stealing coins and selling them to feed a basketball card habit.
-Editor
A RARE coin expert who stole more than half-a-million dollars worth of valuable coins and notes and sold them on eBay to fund an insatiable basketball card obsession has been sentenced to prison. Marcus Loricchiella, 31, was yesterday sentenced in the County Court to serve 42 months' jail, with a 17-month minimum, for the stealing spree that spanned at least three years and saw him pocket more than $537,000 of valuable collector’s items. He pleaded guilty to five charges of theft and one charge of dealing with the proceeds of crime. Loricchiella stole the items while he was employed as a rare coin expert at renowned dealer Downies Coins. The court heard Lorichiella stole the valuable items and sold them on eBay then used the money to fund a bizarre obsession with Michael Jordan basketball cards, travel to New Zealand and Fiji and furnish his home. He was employed by the company in 2004 but was sacked in July last year after a stocktake check uncovered the crimes.
To read the complete article, see:
Coin collector jailed for stealing from boss to fund odd sports card habit
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