WILMINGTON, DE
Marcus Meehan was charged with selling coins in 2008 to a
quadriplegic senior citizen in Delaware at a significantly inflated
price. In addition to his three-year sentence, Meehan was also
ordered to repay $200,000 in restitution. Attorney General Beau
Biden announced the sentence on Tuesday.
Prosecutors say that the 40-year-old from Buna admitted that the
coins were worth only 15 percent of what the investor paid. Meehan
was indicted in April and later pleaded guilty to one count of
theft over $100,000.
Meehan was working for a Texas company called American Eagle
Reserve at the time he sold the coins to the Delaware investor.
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