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“The Tulving Company has closed. More information the week of March 10th,” reads the sign, which was seen Thursday at the firm's headquarters.
It appears a flood of complaints against The Tulving Company and owner Hannes Tulving Jr. led to a state investigation.
During at least the past year, a surge of customers as far away as Maryland have complained to his company and the Better Business Bureau about late or missing orders of rare, precious-metals coins. The BBB has fielded more than 150 complaints since last summer and received 5,600-plus inquiries since 2010.Some customers have reported losing tens of thousands of dollars in investments, leading many to complain at online coin forums and to California authorities. A few have filed lawsuits.
Kevin Pyle, a military veteran in Eldersburg, Md., says he's out more than $24,000 for 20, 1-ounce Canadian Maple Leaf gold coins that never made it from Tulving's office to his home.
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