MONROE COUNTY, Fla. – A Tampa man was arrested Thursday for allegedly stealing two Spanish gold coins worth more than $50,000 from a Lower Keys resident, authorities confirmed Friday.
Keiontae Raneake Osean Smith, 35, is facing one count each of grand theft and dealing in stolen property, according to Adam Lindhart, a spokesman with the Monroe County Sheriff’s Office.
Authorities say Smith agreed to pay the victim, a Bay Point resident, approximately $53,750 for the rare coins in August. However, during the exchange, Smith showed the seller a photo of a wire transfer confirmation, but the funds were never sent.
Further investigation revealed that Smith had provided a fake bank tracking number and even offered a fake credit card number. In an attempt to deceive the victim, he also used a false name during the negotiations, according to investigators.
Deputies issued a warrant for Smith’s arrest, and he was taken into custody on Thursday. Despite this, jail records show that Smith was released the following morning after posting a $200,000 bond.
Copyright 2024 by WPLG Local10.com – All rights reserved.
## Additional Insight:
### Sophisticated Fraud Tactics
The case involving the theft of the Spanish gold coins highlights how perpetrators like Smith can resort to sophisticated tactics to defraud their victims. By providing fake documentation and using false information, Smith was able to create an illusion of legitimacy in his dealings, ultimately leading to the theft of valuable items.
### Importance of Due Diligence
This incident serves as a reminder of the importance of conducting thorough due diligence before engaging in high-value transactions. Buyers and sellers alike should verify the authenticity of individuals and documentation involved to prevent falling victim to fraudulent schemes like the one orchestrated by Smith.
