MINNEAPOLIS, Jan. 19, 2012 /PRNewswire/ -- A woman who had charged a Twin Cities gold and silver coin dealer with fraud has reversed her position, saying in a letter of apology that BCC Precious Metals "did not engage in any illegal or unethical conduct." It was part of a settlement accepted by Minnesota District Court Judge Ivy Bernhardson that dismissed with prejudice the charges made by Linda Keith.
"It is heartening that BCC Precious Metals has been vindicated and that this cloud of doubt and suspicion has been lifted," said Leonard Barber, president and CEO of BCC. "We always seek to conduct our business honestly and treat our customers fairly."
In her apology, Keith said she filed the lawsuit and contacted authorities thinking her parents had been exploited. "After further discovery and investigation, I learned my assumptions about the business transactions are wrong," said Keith. "BCC, Barber, Boyd and McNamara did not take advantage of my parents or engage in any illegal or unethical conduct."
In addition to the civil suit, Keith filed a complaint with the Minnesota Attorney General's Office and the Better Business Bureau and contacted police. Soon after the suit was filed, the Star Tribune published an extensive article by Dan Browning, with comments from Keith.
"I apologize for starting the Lawsuit, for the statements made to Dan Browning, the complaints filed with the Minnesota Attorney General's Office and the Better Business Bureau, and for notifying the Bloomington Police Department," said Keith. "I recognize that my actions have caused harm to BCC, Barber, Boyd and McNamara and damaged their reputations."
Sums were awarded to both McNamara and BCC to defray attorney costs.
"I am pleased that we can now put this matter behind us and proceed to serve our customers," said Barber. "This type of action does not affect the firm alone, but there is also personal pain for the individuals accused, and their families."
Founded in 2002, BCC Precious Metals, a division of Barber Coins & Collectibles, markets and buys gold and silver coins and other collectibles nationwide.
For further information, contact:
Roy Wallace, The Wallace Group, 651-452-9800, roy@wallacegroup.com
SOURCE BCC Precious Metals
