“The orders are placed by phone, often for $10,000 to $20,000 worth of Liberty double eagles or other, large-sized gold coins,” said Michael Fuljenz, president of Universal Coin & Bullion in Beaumont, Texas, who has been working with postal inspectors on several cases.
“The callers have a foreign accent and sometimes have problems pronouncing the name on the credit card. They’ll phone dealers and will correspond by email, but no one ever answers the phones when dealers try to call them back.
“The callers want the coins shipped by overnight delivery to residential addresses in either Gaithersburg or Montgomery Village in Maryland, then phone or email back asking for the tracking number of the shipment. The location they give for delivery matches the address you get when you use the American Express address verification system; however, it turns out those are not the actual addresses of the victims whose stolen credit card numbers are being used,” said Fuljenz.
“The four-digit verification codes and other information on the credit card are also seemingly correct when you check with American Express or the credit card processor,” he said.
“However, it appears that various precautionary security mechanisms may have been tampered with because it’s really not the right verification information despite the seemingly correct initial match up. The thieves may have somehow compromised the American Express records system.”
Fuljenz has provided evidence and assisted regional postal inspectors in Washington, D.C., in their recent investigations.
He urges anyone with information or requiring assistance to contact Postal Inspector Christopher Saunders by phone at (202) 636-1484 or by email at firstname.lastname@example.org, or contact Mike Fuljenz at (409) 658-4533.