BAY CITY, MI — The owner of a now-closed downtown Bay City coin store is facing several felonies after allegedly taking customers’ money and gambling away more than $5 million.
The afternoon of Jan. 18, a 72-year-old man went to the Bay County Law Enforcement Center to file a fraud complaint. The man told police he had gone to Flying Eagle Coins, 918 Washington Ave. in downtown Bay City’s Davidson Building, in October and given $20,000 in cash to owner Matthew J. Burton in exchange for gold and silver.