In an email distributed yesterday, Bernard von NotHaus stated that the Liberty Dollar will be closed until he is acquitted of counterfeiting charges. Liberty Dollar website now displays a message alerting customers of no new orders. Email text below:
Read the full post and comments »It is with a very heavy heart that I regret to inform you that I have suspended (closed) the Liberty Dollar operation… until I am acquitted.
Trust me, after 23 years of research and development plus almost 11 years of practical application in the marketplace, I did not make this decision easily. When I discovered that the FBI had issued an arrest warrant for me, I “self reported” i.e. turned myself in to the US Marshals on June 4, 2009. After I was booked and made a very quick court appearance in Fort Myers, Florida, I was released on an Appearance Bond with certain terms such as: don’t violate any laws, call every Tuesday, fax a report every month, etc. But when I made my “Initial Appearance” in the US District Court in Charlotte on July 6, 2009, I was ambushed by the DOJ Prosecutor with FBI Agent Romaguolo grinning by his side. At the Prosecutor’s insistence, Judge Cayer issued an Oral Order: (Restricted)Setting Conditions of Release with additional condition: * Defendants shall not circulate or aid in the circulation of any coins or currency in relation to the Liberty Dollar Operation* by Magistrate Judge David S. Cayer on 7/6/09. Please note this is not exactly what the Judge said in court, this is the written record, so upon leaving the courtroom I thought the Liberty Dollar was still secure even though the Judge’s wording was vague. But it should not be any surprise to you that vagueness could be deliberately used against me. Plus I initially thought that if I was incarcerated, I could bail out, but that turned out to be impossible. While the Eighth Amendment states: “Excessive bail shall not be required…,” it does not specify that a bail must be set. So the US Congress passed a law that permits Federal Courts to set no bail. The US Supreme Court has upheld that law as Congress legally passed it. The simple truth is that Federal Courts in North Carolina do not set any bail. If you are arrested for a federal offense in North Carolina you are either out on an Appearance Bond or you sit in jail until your trial, which is usually over a year for serious offenses such as counterfeiting and murder. Given such a stern “choice,” I “chose” the Appearance Bond with all its encumbering terms and am forced to close the Liberty Dollar until I am acquitted. I trust you can commiserate with my “decision.”