Coinex Chief
Jailed After Disobeying Judge's Order
October
31,1985|NANCY RIVERA
| Times Staff Writer
The head of a West Hollywood company that sells contracts for investments in coins and precious metals has been jailed for
failing to set up an account covering possible damages from a customer's lawsuit.
Edward Mazur, chief executive of Coinex International, was jailed Monday for contempt of court. Mazur and Coinex had
been ordered to turn over $260,250 or a corporate surety bond for the same amount to the federal court registry in Los Angeles.
Judge A. Wallace Tashima had issued a temporary restraining order in August requiring the deposit and freezing Coinex's assets, said Grace Carter, a lawyer representing Robert S. Richard, who filed suit Aug. 9 against Coinex. Mazur and Coinex were first ruled to be in contempt of court on Sept.
0 comments