Three people are facing felony theft and conspiracy charges after police said they sold fake coins to several Scott County jewelry stores and pawn shops Thursday, raking in more than $2,000.
Ashley Rene Reimolds, 18, and Thomas Lee Hatfield III, 19, both of of 160 Chambers St., Apt. 1, Galesburg, Ill., and George Issa Nesheiwat, 37, of 435 Meadow Drive, Roselle, Ill., are charged with one count each of second-degree theft and one count each of conspiracy to commit a felony.
Both charges are Class D felonies under Iowa law that carry a prison sentence of up to five years.
According to the arrest affidavit filed by Davenport Police Detective James Stark, the three conspired to sell silver-clad coins to jewelry stores and pawn shops by purporting them to be 100 percent silver.
A clad coin is one that has multiple layers of metal and is not made of one pure metal.
The three were attempting to be paid the current rate for silver, police said. Silver futures for May closed Thursday on the Chicago Mercantile Exchange at $24.70 an ounce.
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In his affidavit, Stark said the three got more than $2,000 for their efforts.
Reimolds and Nesheiwat were released from the Scott County Jail after posting bond Thursday. Hatfield was released Friday afternoon after posting bond.