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Gold/Mining/Energy : Desert Dirts, Gold & Platinum, the emperors new clothes
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To: Bill Jackson who wrote (1387)4/15/1998 5:50:00 PM
From: Tim Hall  Read Replies (2) of 1913
 
4 CHARGED OVER ROCKS DEPICTED AS RICH ORE

The Associated Press April 15, 1998

Santa Fe - Four men who claimed to hold 9 million pounds of gold-rich ore actually offered 600,000 pounds of worthless rocks, Attorney General Tom Udall said Tuesday.

Criminal complaints filed in Sierra County charged Richard Darnell and brothers Stanley, Roger and Gary Sanders with conspiracy. The men turned themselves in Monday to a special agent from the attorney general's criminal investigations division, Udall said.

Darnell also was charged with 23 counts of attempted forgery, while Gary Sanders also was charged with 27 counts of forgery and one of racketeering.

The company the four men formed, Burbank Mining and Exploration, was charged with 27 counts of forgery.

The charges stem from two incidents beginning in 1994 in which the men allegedly prepared "negotiable warehouse receipts," purportedly worth $450 million to $3 billion, for gold, silver and platinum ores they reported were stored in an El Paso warehouse.

Independent assayers found the ore to be worthless.

Darnell and the brothers submitted the "receipts" to a bank, hoping to get the bank to document that their company had deposited hundreds of millions of dollars in assets. END OF STORY

I first heard of this company in 1992 when they went by the name of Grubstake Mining. These scams don't go down very fast. It usually takes a shareholder from the state involved to contact the AG's office.

Tim Hall
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