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Precious Metals Dealer Held on 1 Million Dollar Bail

Posted: Feb. 27, 2015 11:10 AM PST

Local precious metals dealer Greg Arnoldi back in jail held on 1,000,000 dollar bail. Nevada County District Attorney Cliff Newell says Arnoldi, owner of Grass Valley Gold and Silver, had made his 100,000 dollar bail following an arraignment Wednesday for possessing and selling counterfeit gold. According to the District Attorney, Arnoldi went right back to business after getting out.

Click here to listen to DA Cliff Newell

Arnoldi,-Gregory1Arnoldi was booked into the jail with bail set at 1,000,000 dollars.

Newell says when news of Arnoldi’s arraignment was released on Wednesday more victims came forward.

Click here to listen to DA Cliff Newell

Newell says new information added silver to the list of counterfeit metals.

Click here to listen to DA Cliff Newell

District Attorney Newell is asking anyone that may have additional information about possible fraudulent transaction contact this office or the Grass Valley police.

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