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William J. Ulrich - Security Rare Coin and Bullion Corp Page 3 of 3 <br /> low-risk,high-profit investments sold at or near their market value.At the time,Security <br /> Rare Coin was based in Minneapolis. <br /> In December 1992,the FTC alleged in a civil suit that Larkin,Hoffman and the National <br /> City Bank ofi Minneapolis assisted Ulrich to prevent the FTC from collecting on the <br /> judgment through a series of fraudulent conveyances and other unlawful transactions <br /> which succeeded in making Ulrich virtually judgment proof,the FTC charged at the time. <br /> (Another Minnesota law tirm,O'Connor&Hannan,and three coin dealers avoided related <br /> charges by signing settlements with the FTC that were announced in March 1993.Charges <br /> against the bank remain pending.) <br /> Under the settlement with Larkin,Hoffman,the tirm will make payments over two years, <br /> and upon any default,the entire balance would become due. <br /> NATIONAL CITY BA\K OF h1PLS AGREES TO PA�'5400,000- 10/94 <br /> The National City Bank of Minneapolis has agreed to pay approximately$400.000 to settle <br /> chazges in connection with its oversight of trusts that were established by rare-coin <br /> marketer William J.Ulrich. <br /> Under its settlement with the FTC,National City Bank will pay$399,750,plus interest <br /> from July l, 1994,to the FTC.The funds will be combined with others collected in the <br /> case and,if practical,used to provide refunds to the customers of Securiry Rare Coin. <br /> �i�.crimcs-oGpcauasion com ��Cnmcs of Pcrsuasion 2110U Lceal Dixlaimcr <br /> http://www.crimes-of-persuasion.com/players/ulrich_william.htm 12/5/2008 <br />