Bernard von NotHaus, creator of the Liberty Dollar private voluntary barter
currency, faces sentencing Dec. 2 in federal court
in Statesville, N.C., three and a half years after being convicted on charges the Liberty Dollar violates
federal counterfeiting statutes.
Von NotHaus faces more than than 20 years in prison when he appears
for sentencing before U.S. District Court Judge Richard L. Voorhees.
On Nov. 10, Judge Voorhees rejected von NotHaus's appeal to have the
conviction set aside.
On March 18, 2011, 10 days after von NotHaus's trial began, a nine-man, three-woman jury took
90 minutes to convict von NotHaus "of making coins resembling and
similar to United States coins; of issuing, passing, selling, and
possessing Liberty Dollar coins; of issuing and passing Liberty Dollar
coins intended for use as current money; and of conspiracy against the
Von NotHaus, the self-described "monetary architect"
behind the Liberty Dollar, founded the National Organization for the
Repeal of the Federal Reserve Act, or NORFED, to create and circulate
the Liberty Dollar. NORFED produced its first Liberty Dollars in 1998.
Von NotHaus dissolved NORFED as an entity in December 2006 and
renamed the business Liberty Services.
Liberty Dollars were typically manufactured as .999 fine silver
rounds (though some were struck in copper and others in gold) and as
paper certificates in denominations of $1, $5, $10 and $20. The paper
Liberty Dollars were backed by silver, and the silver rounds were
minted by the private Sunshine Mint in Idaho.
According to von NotHaus, Liberty Dollars were made to circulate as
"private voluntary barter currency" and were never intended
to be mistaken for United States legal tender. However, the federal
government, acting on a complaint, saw things differently, seizing
Liberty Service assets in 2007, which included millions of dollars in
Liberty Dollars owned by von NotHaus's customers.
The federal charges against von NotHaus were brought in 2009.
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