Feds seek $7M in privately made ‘Liberty Dollars’

Posted April 04, 2011, at 9:55 p.m.

RALEIGH, N.C. — Federal prosecutors on Monday tried to take a hoard of silver “Liberty Dollars” worth about $7 million that authorities say was invented by an Indiana man to compete with U.S. currency.

Bernard von NotHaus, 67, was convicted last month in federal court in Statesville on conspiracy and counterfeiting charges for making and selling the currency, which he promoted as inflationproof competition for the U.S. dollar.

His Charlotte-based lawyer, Aaron Michel, is appealing that verdict. He wrote in a motion filed Thursday that von NotHaus did nothing wrong because he didn’t try to pass the Liberty Dollars off as U.S. dollars.

The trial was scheduled to resume Monday in Statesville. The case involves more than 5 tons of Liberty Dollars and precious metals seized from a warehouse, which the government wants to take by forfeiture, according to federal prosecutors and Michel.

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