A US court has ordered two precious metals companies to pay almost $146m (£115m) after more than 500,000 American Silver Eagle coins went missing.
They had allegedly promised to store the coins for customers.
However, when investigators entered vaults that were meant to hold the coins, they were nowhere to be found.
Under the court settlement, precious metals dealer Argent Asset Group and First State Depository Company, which were both owned by Mr Higgins, were ordered to make restitutions of $112.7m and pay a penalty of $33m.
US financial watchdog the Commodity Futures Trading Commission (CFTC) said Mr Higgins' companies ran "fraudulent silver leasing programmes" from 2014 to 2022.
These were known as the Maximus Program and the Silver Lease Program.
Source: www.bbc.com
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