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Millions in gold, silver coins found in broker’s house

Friday, September 19, 2008 | 3:44 p.m. CDT

ST. LOUIS - A privately held St. Louis-based brokerage firm says millions of dollars of gold and silver collectible coins were found in the basement of its former vice president.

HFI Securities Inc. said when the business learned earlier this week that Don Weir Jr. had the coins, it notified the FBI, which took custody of the coins and is investigating.

An attorney for the firm, Al Watkins, said Weir was fired and regulatory agencies notified.

No criminal charges have been filed.

Weir did not have a listed number for comment.

HFI Securities said it did not know about Weir's business transactions related to the coins and the manner in which they were stored.

Watkins said the concern is that investors may have been sold far more in coins than what was found.

 


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