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Published October 24, 2023, 1:40 am ET
A Colorado company wants to pay off its $23,500 debt to another company in three tons of coins, according to a report.
JMF Enterprises gave a “symbolic middle finger” when it tried to pay Fired Up Fabrication LLC in quarters, dimes, nickels and pennies – which weighed 6,500 pounds – after a financial dispute that appeared to be settled over the summer, according to a lawyer for Fired Up Fabrication told CBS Colorado.
The thousand coins were delivered to the office of Fired Up Fabrications attorney Danielle Beem on a flatbed truck in a 2x3x4 box about six weeks ago.
“I think the thought was that my customers would have to accept it and it’s a huge waste of time and a huge mistake,” Beem told the local CBS station.
Beem said the driver told her: “It was full of a mixture of loose coins and JMF’s lawyer told her: ‘A forklift would be needed to transport it.’
A Colorado company wants to pay off its $23,500 debt to another company in three tons of coins, according to a report.CBS Colorado The thousands of coins were delivered about six weeks ago by a flatbed truck in a 2x3x4 box. CBS Colorado
According to a previously filed lawsuit, JMF previously subcontracted Fired Up, a welding company, to do work on a residential home, but did not pay the company the full amount when the work was completed.
When the two sides entered mediation in July, JMF Enterprises agreed to pay the subcontractor $23,500 but never made it clear how the amount would be paid.
Beem, whose elevator can only hold about 3,000 pounds, said she couldn’t accept payment even if she wanted to and called the delivery “petty,” CBS Colorado reported.
JMF’s legal team reportedly argued in court documents that coin payment should be allowed.
John Frank is the owner of JMF Enterprises.
“The coins, as current coins of the Empire, constituted a means of payment for the settlement funds, and therefore JMF complied with the terms of the agreement,” JMF attorney Giovanni Camacho wrote, according to the news outlet. “No specific form of payment was specified in the settlement agreement.”
“JMF has no intention of harassing the plaintiff, wasting time or frustrating the settlement,” he added.
A judge is expected to decide whether the method of payment is appropriate.
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