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The Great Nugget Scam


Grabowski,uwcsi

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The same Con Men that perpetrated the great Nugget Scam in California that defrauded a collector out of 450,000.00 dollars and sparked a modern day hopeless gold rush in Butte County Ca, are at it again.  Fred Holabird and his companions are running a fake auction Scam through a hand full of limited liability companies. FHWAC, Fred Holabird Auctions, Holabird Kagin Auctions, Gold Leaf Placer, Holabird Western American, Fred Holabird Western Americana Auctions just to name a few. These are the same crew of guys that pulled the Great Nugget Scam, The Millicent Hurst Portrait theft, The Grabowski Estate Theft, The Custer Rifle scam, the Nevada Casino  gold con and many others. DO NOT TRUST THEM with your valuables or your investment nest egg. I learned the hard way and it cost me a half Million dollars and  I will work the rest of my life and never recover economically. Kagin has a PHD and Fred Holabird claims to be a geologist. They have purchased 90 percent of the off shore claims in Alaska with their ill got gains and transfer title of those claims to China LLC that they hold. The way it works is they convince you to sell your estate or gold through them for 25 percent commission. they send you a very professional looking catalog featuring your items. They charge you for the catalog printed by a company they own! The only people that get the catalog are the sellers. Then on the day of the auction they and people working for them buy your stuff for pennies on the dollar. then they tell you it was a tough day at the auction and charge you the 25 percent commission plus handling, shipping, printing, research, postage and a whole lot of other fees. IN the end they move your treasure for legitimate  prices through there connections. Kagin Owns a coin store, Fred is affiliated with other auction houses such as E bay, And Invaluable. They then take the money and buy claims and transfer title of those claims out of the U.S. Justice Systems Reach. They and those that work for them where armed on every interaction I had with them. One of them claimed to actually be police. They are so convincing that most of their victims never even realize it was a con job. on the Nugget scam they Made 450 thousand and they where also selling the worthless land locked piece of real estate that they claimed the nugget was found on. the Nugget was planted. It was actually the Gold Ruphy Nugget found in Australia two decades ago. The latest con is seeking investors, acting as consultants, and they claim to have invented a way of tracing gold, of course the method is confidential and only they can interpret the results. talk about the fox guarding the hen house. My Family are all ailing and dealing with medical issues. We all worked hard for what we had, My mother is blind she went blind working in pediatrics, my father has heart problems he got in his 29 years as a LEO protecting Americans, His Brother served 35 years in the USN. and died after achieving the rank of E-10 Master Chief Petty Officer  I Myself gave the government over 20 years  am a 9/11 rescue worker and earned the national defense medal, special operations medals and even the gold medal for outstanding achievement from the Secretary of transportation. None of us have a long life ahead of and it is why we have helped so many people and why I still volunteer 50 hours a week in public service. We Where not rich but we where better off than many so we decided to auction the Estates and use the money to benefit others. Then we met Fred Holabird and his Friends and that was that! So my warning is this be carful and avoid them at all cost. All of us gave testimony to the FBI and we filed felony complaints so with any luck these guys will not last much longer in the free world. As far as the money trail goes it is History! the attached picture is the Milicent Hurst Painting they stole, It was recovered and I'm hoping it ends up in the Smithsonian where it belongs, it was painted around 1900 when she was 12 uears old, She was the First wife of William Randolph Hurst, Founded The Milk For babies program and was a significant figure in the Woman rights movement and the Children Rights Movement. She did more than her fair share of work to ease suffering through some of the hardest times in American History.

FABates (1).JPG

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    13 hours ago, Grabowski,uwcsi said:

    after achieving the rank of E-10 Master Chief Petty Officer

    Master chief petty officer - Wikipedia

    https://en.wikipedia.org/wiki/Master_chief_petty_officer  Master chief petty officer (MCPO) is the ninth, and highest, enlisted rate (pay grade E-9) in the United States Navy and United States Coast Guard, just above senior chief petty officer (SCPO).

     

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    To me the E-10 thing is a little detail in a big story.  As being on the receiving end of a the government investigation claiming the guy I invested in was defrauding us, I get the slight misunderstanding from someone who was taken.  Mine will take months to be resolved and an one of about 120 people convinced.  Could be the guy I invested with did find a new and innovative way to invest.  In my case, all the cases that have been investigated in the last many years has resulted in restitution.

    I appreciate the warning.  You have to be very careful about "Beyond the Stock Market Investing with things normally available only to the rich."

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    According to various sources, Kagin's refunded the buyer's $450,000, and took back the nugget, when it was determined that had been found in 1987 by Australian prospectors Murray Cox and Reg Wilson. Or is this story bogus?

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    34 minutes ago, Jimmy M said:

    According to various sources, Kagin's refunded the buyer's $450,000, and took back the nugget, when it was determined that had been found in 1987 by Australian prospectors Murray Cox and Reg Wilson. Or is this story bogus?

    The nugget story was an elaborate hoax that was promoting the sale of the mining property that was just being put up for sale. The hoax and it's perpetrators were much more involved than just the sale of a nugget. Read the story at ICMJ.

    It's probably just a coincidence that Holabird is a geologist that also sells mining property and record sized nuggets found on those properties.

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    1 hour ago, Jimmy M said:

    According to various sources, Kagin's refunded the buyer's $450,000, and took back the nugget, when it was determined that had been found in 1987 by Australian prospectors Murray Cox and Reg Wilson. Or is this story bogus?

    It is my understanding that Kagin did refund the Money in a closed door deal to insure the buyer did not file charges.

    They would have profited huge off of the Sale, and then again of  the sale of the land. 

    The story really smells when you consider that there is a strong connection between The land Owner/ bogus nugget finder and Donald Kagin, fred holabird and the 

    purchaser of the nugget. Then consider the fact they stood behind the nugget  as authentic for several weeks after they where informed about the Nugget being the Orange Ruphy from Australia. All of this from self proclaimed professionals that charge people consulting fees claiming to be the only geologist in the world that can authenticate the source of gold. 

    Consider that in business name recognition is everything so why own a dozen LLC. business names. Every time someone gets close to the truth the business changes name.         ( Limited Liability Company)

    Fred claims 650 thousand on taxes from the business. Then the business web site  and sale pitch claim  over 100 million in sales yearly - while the business model is 25 percent seller fee - 15 percent  buyer fee, and dozens of other fees.  

    Knowing these guys I would suspect if they did refund the victim they did not pay cash but rather gold from one of there other victims like me!

    The Only reason the MIlicent Hurst Painting was recovered is they had sold it to themselves for 1200 dollars after they themselves appraised it at a minimum of 10 thousand. And that is a fact. I have the records to prove that. How fair can an auction be when the auctioneer is biding for himself?

     

     

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    4 hours ago, BMc said:

      Master chief petty officer - Wikipedia

      https://en.wikipedia.org/wiki/Master_chief_petty_officer  Master chief petty officer (MCPO) is the ninth, and highest, enlisted rate (pay grade E-9) in the United States Navy and United States Coast Guard, just above senior chief petty officer (SCPO).

       

      You are correct, that was my mistake, It has been a few years, I often messed up ranks even while I was in. I worked on  bases of every branch and many nations, it is hard to keep them all in proper order. It is even more difficult for me because I had to know LEO ranks as well. for instance a Lt in the navy is not the Same as a Lt at Miami Dade. Police departments have SGT. except for Police Dive Teams they do not.  It was the same when I talked on the Radios. CG and Navy use one alphabet while other federal and state agencies use another. Alpha, verses Adam - ZULU verses Zebra. Then factor in that on another radio alpha or Adam is ...._ and Zulu or Zebra is --..  and there actually exist three other variations of that radio code.  Don't catch me on the little details the bulk of the story is accurate enough. I did not post it as a thesis I simply  posted it because people on this site might be lucky enough to have a significant amount of finds to sell and I just hope they don't get cheated like so many others myself included.

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      "To me the E-10 thing is a little detail in a big story."

      I agree guys, and I wasn't sniping at anybody. I was just bringing the error to your attention, so you could correct it if you wanted to. Sometimes people tend to evaluate dissertations with a critical eye toward detail, especially factual detail. I understand that it's being offered as a heads up, not a thesis. My experience with auctioneers like many other,  so called professionals, has been that they can be routinely sold to the highest bidder. Fraud is rampant in most aspects of financial life, especially investment schemes; then you have Bank Fraud, Real Estate Fraud, Insurance Fraud,  Ponzi schemes , . . . just to mention a few.  I understand about radio codes, military, police, rank structure differences etc. A Lt's rank in the Marine Corp, is not the same as a Lt. in the Navy, for example. A Marine Captain, is way below a Navy Capt etc and so on. As time goes by, it can be hard to keep them all straight. 

       Caveat Emptor used to be the watch word that helped to protect people from frauds and con artists. Due diligence, background checks, financial auditing and other investigative tools all can be be helpful, but they also can be manipulated to the determent of the unsuspecting victim as well. White collar crime is generally difficult to prosecute and get a conviction for, and major frauds tend to be the most difficult of all when it comes to getting LEO agencies interested, (in my experience), because these types of cases tend to be complicated, expensive to pursue, and lack the slam, dunk conviction capability that justify the agency's time and manpower expenditures.

      Unfortunately, in most cases, a civil compromise, such as restitution, or asset forfeiture and distribution, usually doesn't even come close to a just and equitable outcome for the victims. 

       

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      36 minutes ago, homefire said:

      LOL, I freaked out when the USAF did away with Sgt.  Now it goes from SrA to SSgt.  WTH ?

      It makes me laugh as well, its all MIJI designed to keep everyone confused. When I first arrived at Charleston naval base as an E2/ SA three funny things happened The SC chewed my Backside off for reporting aboard Ship (at pier Tango) with a surfboard in my arms. The second thing that happened is he made me stand for full inspection in my Parade dress uniform. Then sent me to walk to the PX with my surfboard  and by him a pack of Camels because he had shore duty and could not leave the ship. The third funny thing that happened was on my way to the PX I received my first military salute. As I passed a Navy O1 he snapped me a salute first because in the CG even enlisted men and women wear the style of hats reserved only for officers in other branches. I don't know if he ever realized it or not. I was still more or less in Boot camp mode so I never even broke with a smile - just returned the Salute like I owned it! Years latter I ran into AG Alexander outside his house and (like a total jack ass) I forgot to salute we are still friends to this day!

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      T

      2 minutes ago, Grabowski,uwcsi said:

      It makes me laugh as well, its all MIJI designed to keep everyone confused. When I first arrived at Charleston naval base as an E2/ SA three funny things happened The SC chewed my Backside off for reporting aboard Ship (at pier Tango) with a surfboard in my arms. The second thing that happened is he made me stand for full inspection in my Parade dress uniform. Then sent me to walk to the PX with my surfboard  and by him a pack of Camels because he had shore duty and could not leave the ship. The third funny thing that happened was on my way to the PX I received my first military salute. As I passed a Navy O1 he snapped me a salute first because in the CG even enlisted men and women wear the style of hats reserved only for officers in other branches. I don't know if he ever realized it or not. I was still more or less in Boot camp mode so I never even broke with a smile - just returned the Salute like I owned it! Years latter I ran into AG Alexander outside his house and (like a total jack ass) I forgot to salute we are still friends to this day!

      Today when police ask for a Sargent it means they need the Sargent, When a police diver ask for the Sargent it is a code that means he or she has located a body and needs the medical examiner. The reason for the secrecy is so that the shore support can distract or remove the press so when the body comes out of the water there are no close ups. Bodies submerged often look horrible,  fish, Brine shrimp, sea lice, crabs, water bugs, ect .  They are not  a proper thing for  grieving relatives to see! So  the code is used to lessen the trauma on the family. 

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      8 hours ago, Grabowski,uwcsi said:

      It is my understanding that Kagin did refund the Money in a closed door deal to insure the buyer did not file charges.

      They would have profited huge off of the Sale, and then again of  the sale of the land. 

      The story really smells when you consider that there is a strong connection between The land Owner/ bogus nugget finder and Donald Kagin, fred holabird and the 

      purchaser of the nugget. Then consider the fact they stood behind the nugget  as authentic for several weeks after they where informed about the Nugget being the Orange Ruphy from Australia. All of this from self proclaimed professionals that charge people consulting fees claiming to be the only geologist in the world that can authenticate the source of gold. 

      Consider that in business name recognition is everything so why own a dozen LLC. business names. Every time someone gets close to the truth the business changes name.         ( Limited Liability Company)

      Fred claims 650 thousand on taxes from the business. Then the business web site  and sale pitch claim  over 100 million in sales yearly - while the business model is 25 percent seller fee - 15 percent  buyer fee, and dozens of other fees.  

      Knowing these guys I would suspect if they did refund the victim they did not pay cash but rather gold from one of there other victims like me!

      The Only reason the MIlicent Hurst Painting was recovered is they had sold it to themselves for 1200 dollars after they themselves appraised it at a minimum of 10 thousand. And that is a fact. I have the records to prove that. How fair can an auction be when the auctioneer is biding for himself? 

       

       

      Its somewhat a myth that LLCs can only be held liable for what the corporation is worth and not what the individual has stashed away through other things.  If the LLC legitimately goes under, than that is true that you can't get more than the LLC is worth.  Otherwise, who would want to try to create anything big, ever?  Return on investment comes with reasonable risk with due diligence.

      If the LLC defrauded an individual or groups of individuals by doing something against the law, than the LLC owner can be held liable in entirety. In Arizona, the Arizona State Corporate Commission is responsible for investigating those cases.  In every single case they bring forward, they are able to recoup money for investors.  Each of the rulings has a statement to the effect that the [individual by Name] is responsible for restitution in full even if the LLC is bankrupt.  That way the individual  can't stash money away in different LLCs and get away with a simple bankruptcy.  The AZCC does not hear many cases.  They can fine, force restitution, and pull licenses, but they can't give jail time.  They do say in rulings that failure of restitution will result in filing with the Attorney General's office.

      If what you're saying about this guy is correct, I'd consider filing a complaint with the Corporation Commission in your state.  The auction house seems to be based out of Nevada and Nevada does have a Corporate Commission.  I imagine the closed doors meeting Kagin had was a result of or to avoid investigation by the corporate commission.

      In the past the AZCC has investigated and forced restitution payments a fraudulent mining cases.

      If you and others have lost money, than it may be wise to see a lawyer.  May take 30%, but that's better than losing everything.

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      The AG's office of the State of Nevada used to be quite aggressive in pursuing felony cases when I dealt with them back in the day. Hope they haven't changed.

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      14 hours ago, chrisski said:

      If you and others have lost money, than it may be wise to see a lawyer.  May take 30%, but that's better than losing everything.

      In my experience (Southern Calif.), that estimate may be low.

      30% used to be the old norm that was quoted. Here's the real rip: Routinely, the law firm will assign the case to the lowest (and least paid) attorney on the totem pole to handle it. The partner's name will be on the letterhead to impress the client, but paralegals, office workers and minimally experienced in-house investigators, along with Nexus-Lexus, and various other software data base sources will do most of the work. Witness interviews and evidence collection, will most likely be inadequate and incomplete.  Then, since you have no cost control clause in your contract that you signed with the attorney firm, you will pay significant over payment for copy fees, office overhead, jacked up filing fees, and many other fees that will be added along as the case proceeds. If any attorney has to travel for depositions or appear in court, the hourly fees really start to kick in and pretty soon, you are into it for a lot more than you thought you would be. If you voice a concern, your case may end up being subbed out to a separate law firm that is even more crooked and incompetent than the first, with the first attorney having a lien on any settlement or recovery, without having done any real work. I could go on but you get the picture . . .

      The term honest attorney is an oxymoron. The only honest attorney I ever met in 30 yrs as a legal investigator licensed as a PI in CA, AZ, NM and TX, was an attorney in Culvert City CA who had a sign on his desk that read, "Honest Attorney One Floor Up"(with an arrow pointing up) It was a one story building.

       

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      Not all attorneys are bad. I know several prosecutors that are DA's or work in the AG's Office in California that are honest, very honest. And humble. At least one had been offered a very high paying job with a private firm and declined because he coudn't defend somebody who is "guilty".

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      I agree wholeheartedly.  Prosecutors are a different breed and not in the category of attorney's that were referenced in the 30% take post or the "oxymoron" closing paragraph. Many prosecutors I have known and worked with, started their legal careers in the Criminal Justice system and later moved on to private practice, for various reasons; more money was usually the main one, but not always. Most of these folks started out as dedicated prosecutors,  but after years of frustration, got burned out on the "revolving door" and cafeteria style justice.  The ones that stuck it out and stayed, often underpaid, overworked and being under appreciated, (except by cops and other peer professionals), I consider to be the unsung heroes of the Criminal Justice system.

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      I agree hole heartedly - There are many great  PD, DA , AG, and Judges that deserve medals , The sad fact is that it only takes a one bad apple to spoil any  bucket. It is why our system is not perfect!  Though we always have to remember we are (only) human. We all make bad calls from time to time. I watched the O.J. trial like every other American and when so many careers where being destroyed by opinion I was shocked. Take for example Mark Furman, as the media was demolishing his career I could not help but think back about the same man, when he was the only person on earth still trying to get justice for little girl named Martha. I truly believe he made huge mistakes in the O.J. case and he may have even made racist statements like some claimed but he was trying to do a thankless job in a violent world and I truly believe his intent was to  prevent another victim. Some times we do the wrong thing believing we are doing the right thing and some times the right thing is actually  the wrong thing to do, I believe it is what proves us  Human. No matter how far we advance or how smart we may become human is (only) human and the law is (only) a human institution!

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