Change adds up for coin dealer, accused of stealing thousands

Final Up to date: Friday, August 25, 2017, 1:09 PM EDT

Pinellas County authorities have arrested a coin supplier and charged him with defrauding clients.

  • Pinellas cash and collectibles supplier charged with defrauding clients
  • Seth Lutz charged with 37 counts of fraud
  • Pinellas Sheriff’s Workplace asking anybody who might have been a sufferer to name (727) 582-6200

In response to the Pinellas County Sheriff’s Workplace, Seth Lutz has been arrested and charged with 37 counts of grand theft and aggravated white collar crime.

Beginning in 2015, Pinellas deputies acquired complaints of failed enterprise transactions from clients of Paradise Cash and Collectibles, situated at 8974 Seminole Boulevard, in Seminole.

An investigation was started and detectives say Lutz, fifty five, a coin supplier working at Paradise Cash was accepting cash from clients for gold and silver bullion cash. After clients pre-payed for the cash, Lutz despatched partial shipments of merchandise to some victims whereas different victims acquired nothing in return.

Detectives say most of the victims lived out-of-state and have been responding to Craigslist advertisements for coin gross sales. Different victims have been earlier clients or recognized to Lutz.

Authorities stated Lutz netted $220,000 from 31 clients

Lutz was booked into the Hillsborough County Jail with no bond. Lutz might be extradited to Pinellas County for the legal expenses.

If anybody has any info on this case or has turn out to be a sufferer they’re requested to contact Detective Quentin Collamore on the Pinellas County Sheriff’s Workplace at (727) 582-6200.

Newest Information: Pinellas County

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