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Thursday, May 5, 2016

Treasure Hunters pay-outs coming up short

Monday, July 30, 2012

The Treasure Hunters Roadshow representatives have conducted business at the Clay County Regional Events Center on multiple occasions (The above photo is from a 2010 visit). Reports of insufficient funds checks issued by the business for local purchases during a visit in July have Spencer Police looking for other Spencer-area victims.
(File photo)
Spencer Police looking for those with bad checks

An investigation is underway by the Spencer Police Department following the report of multiple insufficient funds checks allegedly issued by an out-of-state cash-for-gold company.

Spencer Police Chief Mark Lawson released information Monday, regarding complaints the department has received about checks, reportedly written by representatives of The Treasure Hunters Roadshow, which have been returned with an insufficient funds designation.

Lawson didn't have an exact number on the checks that had been returned locally, but he did say it included not only private parties, but businesses as well.

"We're going to investigate it as a fraud and an ongoing criminal conduct," Lawson said. "We're going to collect all of the evidence that we can and turn it over to our county attorney.

"Other state agencies are looking into it also."

The collectables trading group, operating out of Springfield, Ill., conducted business at the Clay County Regional Events Center on July 10 and 11, before leaving unexpectedly on July 12.

"They pretty much just picked up and bailed out," Scott Hallgren, general manager of the events center, said, adding he had "no idea" why they left early.

He did acknowledge the events center is engaged in accounting issues with the company.

The checks that have been returned were in exchange for jewelry, coins and other collectables allegedly purchased during the two-day visit.

Treasure Hunters Roadshow claims to represent thousands of collectors around the world, traveling across the United States, Canada and Europe, searching for antiques and collectibles for its clients.

This is not the first time the group had stopped in Spencer.

"We hadn't had any problem them with them previously," Hallgren said, noting they had been in town several times before. "Every time they had always been straight with us."

Hallgren said the events center had always required 100 percent payment up front; but he would receive calls from potential sellers asking about the Treasure Hunters Roadshow.

"When the customers would call, I would always tell them buyer beware. If it sounds to good to be true ...," Hallgren said.

* Anyone who has received a returned check written by the Treasure Hunters Roadshow during its recent stop in Spencer should contact the Spencer Police Department at 262-2151.

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It is really sad that people were scammed by this company. I did a google search at the time they came to town the first time, thinking I might stop by, and saw numerous articles about this company (and other like it) that were handing out bad checks. It's unfortunate more research wasn't done before promoting these types of companies coming into town. Much of this could have been avoided with a simple google search.

-- Posted by Vanessa on Tue, Jul 31, 2012, at 7:24 AM

check out the comments from http://www.spencerdailyreporter.com/stor... two of us posted about these guys.

-- Posted by Vanessa on Tue, Jul 31, 2012, at 7:37 AM

Yes, I really don't find this news surprising.

-- Posted by a-thought-or-two on Tue, Jul 31, 2012, at 8:34 AM

This is why local residents should do their business with local merchants whenever practical. Not only is that keeping the dollars part of our local economy, should a problem arrise, the solution is much more simple than with some fly-by-night outfit.

This "company" sells what they buy on a well-known internet auction site, and gets the highest global retail price, while they pay out less than half in most instances. Not only are their profits not doing anything to support local interests, they are actively diasrupting local trade by diminishing the local pool of collectable merchandise to choose from, and artificially inflating the prices.

-- Posted by Surfsup on Thu, Aug 2, 2012, at 1:28 PM

Maybe the event center people should do their homework before sponsoring something like this. Buyer beware and if it sounds too good to be true is just a stupid response.

-- Posted by trybeinghonest on Fri, Aug 3, 2012, at 6:27 AM


Of course they try and sell at the highest retail price and pay out less than half....it's what businesses do. Ever been to a pawn shop?....Of course their profits are doing nothing to support local interests, they're not local. As far as diminishing the local pool of collectible merchandise and inflating prices....the market for said product is so small that doesn't affect 95% of the present society. From a consumers standpoint, why would you "keep it local" if you can find a better price elsewhere? It goes against basic economics. Should people engage in business with "this" particular outfit?....from the looks of it, absolutely not. But giving the reason you have do nothing but go against basic theories of economics. By "diminishing" the local pool of collectible merchandise, they have effectively taken control of another basic theory of economics....suppy and demand. The next thing you're probably going to tell me is that supply and demand practices are bad also....lol

-- Posted by lastsonofoa on Sun, Aug 5, 2012, at 4:03 PM

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