facebook
twitter
rss
account
search
search
 

Police officer admits theft at U.S. Mint

Sept. 9, 2011 at 1:36 PM   |   Comments

| License Photo
PHILADELPHIA, Sept. 9 (UPI) -- A former federal police officer assigned to the U.S. Mint in Philadelphia has admitted stealing $2.4 million so-called error coins and selling them.

William Gray, 64, of North Wildwood, N.J., pleaded guilty to theft of government property and income tax evasion, WCAU-TV, Philadelphia, reported Friday.

In federal court, Gray admitted to taking $1 presidential coins, all missing lettering on their edges, and selling them to a California coin dealer knowing they were more valuable to collectors because they were "mint errors."

Gray also admitted he did not pay taxes on the money he got for the coins, The Philadelphia Inquirer reported.

Gray, who worked at the mint from 1996 until January, is free on $50,000 bail pending a sentencing hearing set for Dec. 20.

Topics: William Gray
© 2011 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Featured UPI Collection
trending
Notable deaths of 2014 [PHOTOS]

Notable deaths of 2014 [PHOTOS]

Most Popular
1
Obamas attend wedding of personal chef
2
Pakistan PM Nawaz in hiding, death toll reaches 11
3
Corvette Museum plans to fill in sinkhole
4
Boy being treated for brain tumor taken from hospital
5
Lesotho military allegedly takes control of government buildings
Trending News
Video
x
Feedback