Friday, August 21, 2009

Despite Ch. 11 and fraud allegations, coin dealer back in business Tampa Bay Business Journal – by Jane Meinhardt Staff Writer

 

PHOTO ILLUSTRATION BY ALEX KERVIN

View Larger TAMPA — Well-known and embattled coin dealer Mark Yaffe has a new company with what may be an appropriate name: The Phoenix Gold Corp.

Just two weeks after National Gold Exchange Inc. — the coin business Yaffe and his brother opened more than 20 years ago — filed for Chapter 11 bankruptcy reorganization, Yaffe is operating another firm dealing in coins.

In e-mails to other coin dealers, Phoenix Gold describes itself as a wholesale distributor of precious metal products. Its address on North Dale Mabry Highway is several doors from NGE’s current location.

State corporate records show Phoenix Gold incorporated Aug. 4 with Yaffe as the sole officer.