SEARCH

Entries in Gold (5)

Thursday
Mar212013

California Police Investigating Jewelry Allegedly Found in Sewage

ABC News(MODESTO, Calif.) -- Sanitation workers in Modesto, Calif., received an unexpected surprise Wednesday on a routine cleaning expedition: gold, worth $2,500.

“[It was] from the city sewer traps, and they cleaned it up,” Modesto Gold, Jewelry and Coins employee Yvonne Brawley told ABC affiliate News 10. “And some of it wasn’t gold and some of it was.”

The majority of the gold jewelry appeared to be in twisted fragments, stained and discolored from being submerged in the sewer, which spans 641 miles beneath the city.

Modesto police told News10 they are investigating the workers who sold the gold to explore whether the jewelry was really found in the sewer, or if it came from somewhere else. A routine audit of the pawn shop led the police to begin an investigation earlier this year, prompted by the sales that occurred over the course of a couple of months.

Brawley said the three employees, two men and one woman, came into her store wearing their City of Modesto uniforms. She said the woman had sold jewelry several times over the course of a couple of years and that she has also sold jewelry at a pawn shop in Oakdale, Calif. The two men sold jewelry at Modesto Gold, Jewelry and Coins one time last month, she said.

According to police, the investigation is nearing completion. Officials said they will not comment on the identity of the workers because the investigation has not been completed.

Either way, Brawley said she hopes the employees get to keep the money received for the jewelry.

“They should be able to keep it if they found it.  Nobody’s going to want it.  It took a lot of work trying to get that out,” she said.

Copyright 2013 ABC News Radio

Sunday
Aug052012

Serena and Venus Williams Take Home Tennis Doubles Gold

Clive Brunskill/Getty Images(NEW YORK) -- Serena and Venus Williams began the ninth day of the 2012 London Olympics by taking home another gold for the U.S. They beat the Czech Republic to win the women's doubles tournament Sunday morning.

The win comes just 24 hours after Serena took home the gold for the women's singles tournament on Saturday, becoming the second woman ever to complete the Golden Slam, made up of four grand slam titles and the Olympic gold.

The sisters have won the doubles tournament at the past two summer Olympics, in Sydney and Beijing.

Following the tennis match, attention will likely shift to the much-anticipated Olympic debut of women's boxing today.

Seattle's Queen Underwood will be the first American woman in history to complete in the Olympics as a boxer when she takes on Great Britain's Natasha Jones at 2:30 p.m. EDT.

Sunday's events will begin the second full week of Olympic competition, featuring individual gymnastics competitions, team sports like basketball and softball, and track events.

The United States and China head into the second week tied for the number of gold medals won so far; both countries have brought home 27 golds.

On Saturday, all eyes were on the beginning of the track competitions as top sprinters Tyson Gay, Usain Bolt, Carmelita Jeter, and Shelly-Ann Fraser-Price took the track. Bolt and Gay both won their heats for the 100 meter dash final, while Jeter scored the fastest runner-up time in Olympic history when she came in second to Jamaica's Fraser-Price in the women's 100 meter.

The host country, the United Kingdom, produced three gold medal winners at Olympic stadium, with Mo Farrah winning the 10,000 meter run, Greg Rutherford taking the top prize in the long jump with a distance of 8.21 meters, and track star Jessica Ennis taking top honors in the heptathlon.

The final for the men's 100 meter dash takes top billing at 4:50 p.m. today, when the fastest man in the world, Jamaica's Usain Bolt, tries to defend his title. Runners trying to out-sprint Bolt include the second fastest man in the world, Tyson Gay of the U.S. Both Gay and Bolt won their qualifying heats easily on Saturday and will have to make it through the semifinals today before the final event.

The reigning champions in women's volleyball, Misty May-Treanor and Kerri Walsh-Jennings, will also compete again Sunday, after winning Saturday's match against the Netherlands. Sunday the undefeated pair will face Italy.

Copyright 2012 ABC News Radio

Thursday
Feb022012

Thieves Steal $3 Million in Historic Gold Nuggets

Ablestock.com/Thinkstock(YREKA, Calif.) -- Police in Yreka, Calif., are still searching for answers Thursday after thieves stole $3 million worth of historical golden nuggets from a courthouse.

The stolen gold collection items date back some 100 years and are historic artifacts from the booming gold rush that took place in the Northern California “golden city,” so nicknamed for its major role in the rush.

video platform video management video solutions video player

Police believe the thieves broke into the Siskiyou County courthouse through an open window at around 1 a.m. Wednesday morning, according to Allison Giannini, the county spokeswoman.

The break-in was not discovered until the police came to work at 7 a.m. Wednesday and saw a broken display case and discovered the gold was missing.  An alarm on the case failed to sound during the burglary, Giannini said.

The missing gold was a compilation of nuggets from every mine in the county. All of the pieces were donated by miners or relatives of miners. The only purchased item in the collection was a 28-ounce piece of gold resembling a shoe. It was bought in 1913 for about $550 dollars.

Wayne Hammar, the Siskiyou County treasurer and tax collector,  said that while the monetary value of the gold is substantial, what matters more is the loss of the county’s heritage.

Roughly 740 ounces of gold were stolen from the case. "They are specimen-quality pieces,” he said. “It is our history, these folks have taken a big part of our history. ”

The county -- a key location during the historic West Coast Gold Rush -- is located near the Oregon border and was founded to serve the gold mining industry.

“You can’t put a value on our history. It is invaluable to us really,” Giannini told ABC News. ”It is irreplaceable.”

Copyright 2012 ABC News Radio

Sunday
Jan302011

Miami Man Arrested In 'Anti-Aging' Drug Scam

Photo Courtesy - Miami-Dade County Department of Corrections(MIAMI) -- When a man invented a cream, a "yogurt" he called it, to rub on your head to help regrow hair, lots of people invested money in his project; some put thousands into it. Now police are saying it was all too good to be true.

The Miami Herald reports Sunday that Joseph Fox Batista, 55, has been arrested after scamming investors for $380,000 worth of stock in his possibly worthless company, TeloGenesis Inc. Authorities say Fox spent the money on lavish furnishings, alcohol, and sometimes just gave the money away to the homeless.

This isn't the first time that Fox has been involved with a scam. He was arrested in California in 2002 for trying to sell a gold-measuring device which he took money for from clients, but never delivered on.

One man lost $2,000 investing in the hair product, while another was taken for $28,000. The Herald says that while Fox claims the money was spent on designing the product, arrest warrants show almost none of the money poured into the company between July 2007 and November 2009 was used for its intended purposes.

Fox is being held on charges of grand theft and organized scheme to defraud, the newspaper said.

Copyright 2011 ABC News Radio´╗┐

Friday
Oct012010

Elko, Nevada: The City the Recession Forgot

Photo Courtesy - ABC News(ELKO, Nev.) -- What the Himalayas were to Shangri-La -- a shield from harm -- so gold has been to Elko, Nev. This city has thrived the past two years.

"They call it the town the recession forgot," says local Mary Haigwood.

Elko, about 300 miles east of Reno, sits astride the biggest gold deposit ever found in North America: the Carlin Trend. It is five miles wide and 40 miles long. Over 50 million troy ounces of gold have been produced here, more than came from California's fabled Gold Rush.

As the metal's price has risen, mining giants, including Newmont and Barrick, have kept hiring, even as employers elsewhere in the U.S. were laying off. Unemployment, says Barrick spokesman Louis Schack, is low.

"We employ about 3,600 people in Nevada, and the majority reside in Elko. We've added several hundred new jobs in recent years," Schack said.

Since the 1970s, the industry has pumped some $6 billion into Nevada infrastructure, most of it going to mines in or around Elko. The area's population has risen from 7,000 to close to 50,000.

In Reno and Las Vegas, the housing bubble may have burst. Not here. Foreclosures, says Barrick's Schack, are few. There's even been some growth in housing. A nice home goes for $100,000.

It's not as if Elko hasn't seen tough times. When gold's price tumbled in the late 1990s, the town suffered and the mines laid people off. Stores downtown were boarded up. Today, though, gold's warm glow bathes every business. At Mona's Ranch, a legal brothel on Third Street, there's a sign that says, "Now Hiring."´╗┐

Copyright 2010 ABC News Radio







ABC News Radio