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State of Idaho goes after owner of CDA business CoiNuts

CoiNuts Inc, a somewhat controversial Coeur d'Alene coin and gold trader, is back in the cross hairs.

A recent SR story by Scott Maben catches up on a civil suit filed by the State of Idaho Attorney General against the owner of CoiNuts, Kevin Mitchell, and his daughter Sarah, who has operated the store.

The state is seeking more than $750,000 in restitution, based on 18 instances of customers saying they were bilked by the Mitchells.

CoiNuts registered as an Idaho corporation in November 2007 and operated in a strip mall at 296 W. Sunset Ave., facing U.S. Highway 95. The store closed last July.

Maben's story did not have any response by the defendants or their attorney.

Maben's story noted that criminal prosecution had been considered by Kootenai County prosecutors, but was not pursued.

If you have had dealings with CoiNuts, let us know by adding comments here.

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The Spokesman-Review business team follows economic development in Spokane and the Inland Northwest.




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