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CoiNuts: Where Did The Money Go?

Kootenai County Sheriff's Office investigators spent Wednesday combing through the home of CoiNuts owner Kevin Mitchell looking for valuables. About a dozen members of the sheriff's office showed up at Mitchell's home, located at 37593 E. Hayden Lake Road, first thing Wednesday morning. A writ of execution signed by a 1st District Court judge cleared the way for detectives to take all gold, silver, coins, jewelry, cash, paintings, sculptures, guns, ammunition and electronics. They also searched the 5-acre property outside the home for valuables. The sheriff's office brought a portable storage unit to Mitchell's home — which is estimated to have 4,000 to 5,000 square feet of floor space — and hired a moving company for the day. As his home was being searched, Mitchell, 47, roared off in his black Hummer, which had been seized a couple weeks ago but is now back in his possession/David Cole, Coeur d'Alene Press. More here. (Press photo: Shawn Gust)

Question: Do you know anyone invested with CoiNuts?

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.