Federal prosecutors are trying to acquire the card collection of a former financial advisor facing felony charges.
A St. Louis area man who admits he stole as much as $10 million worth of precious coins belonging to others could lose a collection of baseball cards and rare coins as federal prosecutors attempt to repay his victims.
Donald C. Weir Jr. admitted last month that he sold investment-grade coins belonging to 44 customers without their knowledge. He also pleaded guilty to a felony mail fraud charge.
Investors bought nearly $14 million worth of gold, platinum and coins, but Weir had less than $4 million worth in his possession when federal agents arrested him last year.
Court papers obtained by Sports Collectors Daily show the government’s efforts to pay back clients of Weir’s may need to rest on the value of the coins. The vintage baseball cards listed in the inventory include a near 1968 Topps set, an apparently complete 1969 Topps set and an assortment of star cards worth decidedly less than $10 million.
Read more on the restitution efforts in the St. Louis Post-Dispatch.