The former director of the collapsed Rare Coin Company will spend at least the next 25 months behind bars after being sentenced to stealing more than $1.8 million from investors over a two-year period.
Robert Colin Jackman, 63, was jailed for four years and two months in Albany District Court yesterday after pleading guilty to 36 counts of stealing, which occurred before his business was placed into voluntary liquidation in 2013.
The company stored and sold rare coins and banknotes on behalf of investors many of them retirees and was stor-ing customer purchases when liquidators were appointed in July, 2013.
Police allege investors were told by Mr Jackman and his staff their stock had not been sold, but after further investigation followin…
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