Bio

• Principal owner of National Gold Exchange. Later he formed The Phoenix Gold Corporation.
  

  He was charged with attempting to defraud a bank of more than $3 million in a bank loan. He pleaded guilty and was sentenced to 20 months in federal prison.
  

  Yaffe lost his house in the bankruptcy. Initially valued at $25 million, it sold in 2014 for $5.58 million.
  

  Some dealers who had been paid for coins by National Gold Exchange were asked to return those payments. This is referred to as “clawback” in a bankruptcy.
  
  

Date of birth

• 1959-12-17

Relationships