Subject:      Penn. vs. FOE: Penn. wins
From:         [Identity Deleted]
Date:         1997/11/13
Message-ID:   [Identity Deleted]
X-Admin:      [Identity Deleted]
Organization: [Identity Deleted]
Newsgroups:   rec.collecting.coins
[Fewer Headers]


The following press release was issued Wednesday, November 12, 1997, by the
 Attorney General of Pennsylvania and involves Family of Eagles.  Because of
 all the previous posts in this newsgroup about FOE, I figured many people
 would be interested in this.  -[Identity Deleted]-
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 Pennsylvania State Attorney  General Mike Fisher announced today that a
 national gold coin seller will pay  $8,000 to settle allegations that it
 engaged in unfair and deceptive sales  practices. 

The settlement follows a May 1997 lawsuit filed against Family of Eagles,
  Ltd., of Cedar Hill, Texas, for allegedly operating an illegal referral
 scheme  that promised rewards to coin buyers who, in turn, recruited others to
 buy the  products. HARRISBURG, Pa., Nov. 12 The suit also alleged the company
 misled consumers by implying that  the purchase of coins or jewelry would have
 a substantial effect on reducing  the National Debt. 

Fisher said Family of Eagles has voluntarily changed its sales and  advertising
 practices since the lawsuit was filed. The company has agreed as  part of this
 settlement to comply with all provisions of the Unfair Trade  Practices and
 Consumer Protection Law in the future. 

The agreement also requires the company to pay $8,000 for the costs of
  investigation, plus submit an annual report to the Commonwealth stating its
  gross sales for the fiscal year and how much money it donates to the United
  States Treasury to reduce the National Debt. 

In the settlement, Family of Eagles, Ltd., admits no wrongdoing and agrees
  this action settles a prior court action filed by the company regarding the
  legality of its sales plan. 

Family of Eagles sells uncirculated 1/10 ounce American Eagle Gold Coins  and
 National Debt Reduction Jewelry throughout the United States, including
  Pennsylvania. 

The consent agreement was filed in Commonwealth Court by Deputy Attorney
  General Michele L. Kondrad from Fisher's Bureau of Consumer Protection Office
  in Pittsburgh. 
SOURCE   Pennsylvania Office of Attorney General 
     CONTACT: Barbara Petito, Deputy Press Secretary of the Pennsylvania
  Office of Attorney General, 717-787-5211, or at home, 717-236-6264