Franklin Sanders
(updated Aug. 28, 2017)

In 1980, Franklin started his own gold and silver business in Memphis, and he was more than displease with the fiat currency system we have here in America that holds our economy in its iron grip. Within a couple of years, he started his own warehouse bank, such banks being advocated at the time by John Grandbouche and others at the Denver office of the National Commodity & Barter Association.  But, law enforcement had an interest in stopping these challengers to our monetary system and acted accordingly.

In January, 1990, Franklin, his wife, Susan, and 24 others were arrested pursuant to a federal indictment returned by a Memphis grand jury. That indictment contained 53 counts and the major count charged a conspiracy to defraud the IRS. All defendants plead not guilty, but 9 changed their pleas to guilty before trial, leaving 17 to go to trial.

Trial of this case involving 17 defendants started on February 26, 1991, and the prosecution offered the testimony of more than 100 witnesses over the next 4 months. The defendants were seated at 3 tables in the courtroom according to where their names were on the indictment. Since Franklin was the lead defendant, I was the first to examine any government witness, followed by Ed Chandler, who represented Franklin's wife, and then Jeff Dickstein, who represented Michael Osborne. We conducted most of the defense examination, unless a given witness related exclusively to a particular defendant. The majority of the defense was presented by Franklin and that presentation lasted a week. Franklin's defense called Dr. Edwin Vieira, John Pleasant, John Exter (former Federal Reserve official), among others. Most defendants did not present any defense, relying exclusively on Franklin's. 

After about 100 trial days, the jury got the case and on July 9, 1991, it returned not guilty verdicts against all defendants who went to trial. On July 25, 1991, the district judge entered an order dismissing this case against Franklin, and the others who went to trial. 

Since then, Franklin has moved east of Memphis to a farm at Dogwood Mudhole, a very rural part of southern Tennessee south of the Natchez Trace. Franklin's story about this trial is published on the Net in several places, one here and another here, among others. Franklin has been ever since a gold and silver dealer and monthly publishes a very interesting newsletter, the MoneyChanger.  He continues to be concerned about the course and direction of this country.

If you are in the market for some specie, give him a call.