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TheStreet Open House

Raid on Ron Paul Dollar Maker

Coins made of other metals, such as copper, gold and platinum, were also available from Liberty Dollar for a variety of prices. Prior to last summer, the firm had produced generic liberty dollars.

According to von NotHaus, the government move follows his efforts to sue the U.S. Mint, which in September had published warnings that von NotHaus's products were "not legal tender." Von NotHaus says he sued the U.S. Mint for slander after that proclamation.

Speaking hours after the raid, von Nothaus said he expects charges on money-laundering and wire fraud. Neither the FBI nor the U.S. attorney's office would comment.

But its clear something is coming, as the U.S. Mint declined to comment on the grounds that "litigation on the matter is pending."

The Paul campaign says it would likely return the donations if the money was deemed to have been obtained illegally. And that could very well happen if the charges stick.

Von NotHaus says the government agents had seized 500 pounds of silver, 40 ounces of gold, 3 ounces of platinum and 1.5 tons of copper, as well as taking all cash and computer records. Bank accounts were said to be frozen also.

The U.S. Mint says while it's not illegal to possess the Ron Paul money or Liberty Dollars, it is illegal to try to spend them.

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