Local Woman Ripped Off In Gold Exchange; Alex Rozier Reports - Spokane, North Idaho News & Weather KHQ.com

Local Woman Ripped Off In Gold Exchange; Alex Rozier Reports

SPOKANE, Wash. - In the challenging economy many investors have been drawn to gold's attractive prices so several have begun trading in their gold for cash. Wando Hario is one such investor. She recently cashed in 12 gold coins at a North Idaho business for nearly 19-thousand dollars. Or so she thought.
 
Hario said after nearly 13 years and $1,000 a month, she thought she was finally going to be able to pay off her mortgage. For her family, it was the only major payment left.
 
"Our vehicles are paid for, this house payment was the only bill we had," Hario said. "All I wanted to do was pay this off."
 
So to finish her payments, Hario struck gold. She had ten maple leaf and two Krugerrand coins, and after 20 plus years of collecting she brought that gold down to Coin Nuts in Coeur d' Alene. She was written two checks, each for $9,420. More than $18,000 dollars total. The checks were post dated. One was written for July 25th, the other for July 28th. But both days,  those checks didn't go through. She says the bank told her there were no funds.
 
"When you gotta save for everything you get it hurts when somebody does something like this," Hario said.
 
Now Hario says Coin Nuts has paid back some of her money, but as of Thursday, she says she's still owed at least $3,000. Her mortgage, still, isn't paid off.
 
Eleanor Katzele with the Better Business Bureau encourages consumers to make sure that the company that they are working with has proper licensing. Her organization gave Coin Nuts an "F" on its online grading scale. She's worried about these allegations.
 
"That could potentially be fraud," Katzele said. "What we're directing people to do, we have spoken to some consumers about it, and have directed them to the police department in Idaho."
 
Hario says she just now hopes it won't happen to you. She encourages you to do your homework.
 
"I don't want the next guy to go through this," Hario said.
 
Coin Nuts declined comment on this story. One employee told KHQ Local News reporter Alex Rozier that there is more to the story but declined to clarify what was missing.
 
The Better Business Bureau recommends when you run into a problem with a business always let their organization know, and when necessary, file a police report.
This story was filed by KHQ Local News Reporter Alex Rozier
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