WEAR - Search Results
Santa Rosa Island administrator faces charges
SANTA ROSA COUNTY -- A Santa Rosa Island administrator has been fired and is now facing charges of grand theft and larceny. Police say Russell Scarritt stole rare coins from a Pensacola business. Scarritt had been employed with the SRIA for a little over a year.
This is an 1882 Morgan dollar. It's worth between 14 to 20 thousand dollars.
Those are Kruger-Rand coins and they can be hard to replace if stolen. That's what a top administrator with Santa Rosa Island Authority has been accused of doing.
Russell Scarritt, has since been removed from his post as director of administration with the Santa Rosa Island Authority, after police say he was caught stealing gold coins from coin and bullion of Pensacola. On June 29, they say Scarritt stole 11 gold American Eagle coins worth about $15,400.
Just last week police say, Scarritt stole two more gold coins, this time, Krugerrand coins, worth about $2,700.
Pensacola resident Duane knight said, “He shouldn't have did what he did then, he should've known better he's a grown man.”
Pensacola Resident Tom Lozano said, "It depends on the person or whatever, but it seems as though there's a lot of that going on around here.”
Mark Hatmaker owns Pace Coins. He has within his collection, rare pennies to vintage dollar bills.
Pace Coins Owner Mark Hatmaker said, "There are some coins out there that you just can't replace them.”
Hatmaker says he understands how stealing some of the world's most precious metals can bring down a coin dealer's business.
"It can be devastating, you can take a little hit here and there, but you've got to be careful,” Hatmaker said.
Owners of Coin and Bullion of Pensacola declined to comment on Scarritt's arrest. The Santa Rosa Island Authority suspended Scarritt then later fired him Thursday.
The estimated value of all 13 coins Scarritt has been accused of stealing is a little over $18,000.