| united states rare |
| United States Rare Coin & Bullion Reserve US Money Reserve Bait & Switch Multi-level marketing Internet |
| 4th of Apr, 2011 by User322063 |
| This company in my opinion based upon my investigative study on this company and a through search of state and federal court records in the United States indicate this company seems to thrive and prey upon the elderly population. A recent independent investigative study reveals this company seems to use very carefully thought out deceptive marketing practices to get individuals to contact them for their products. i.e. precious metals type coins gold, silver or platinum type coins. HOWEVER, the prices that this company charges for their product is well over the normal value of the products they sell. Example = 2009 Gold Buffalo Proof Graded by PCGS PF-70 is sold by this company for $3918.00 for each coin. However, if you conduct some basic research you will find that the same coin can be resold by a victim of this company for about $1600 to $1750, thereby having an outrageous mark up of $2150 per coin. A review of other products sold by this company seem to indicate that they sell their products for (3) three times of the real value. A review of the Coin Dealer Newsletter (the bible used by dealers to buy and sell) will reveal our above study to be truthful. Further, a recent study of two prior customers of this company in the State of Florida about (10) miles apart from one another seems to clearly reveal that this company targets the elderly population. This company has a parctice of banging the credit cards of the elderly population well over the set credit limts. (with the blessing of the banks who make fees off of the transactions) A further review in the court system accross the United States reveals that this company has been sued in FEDERAL and STATE courts for draining the accounts of elderly folks and selling them products that are outrageously priced. A quick review of the dockets in those cases reveal that this company shuts the lawsuits down quickly so as not to exposed their pattern of exploitation, outrageous pricing and deceptive marketing practices. Our study noted numerous complaints against them by the local Better Business Bureau in which the company chooses not to be a member. Wonder why?? A recent independent study of products sold by this company to a vitim in Floirda (a elderly woman who is 85 years old) reveals that US Money Reserve d/b/a/ United States Rare Coin & Bullion Reserve charged her over $125,000.00 for bullion coins that were recently appraised their woth to be about $45,000. If she sold them today, therefore giving this company an outrageous profit of over $80,000.00. By they way they even convinced this woman to cash out a CD and take a penalty to buy their product. This company (in my opinion) based upon the docuemnted evidence available to me clearly target the elderly population and use marketing techniques to scare them into buying gold, silver or platinum and deprive them of their savings. All other legal filinmgs or Better Business Bureau complaints reveal the same patter and complaints against this company. Finally, an extensive review of the legal filings agaisnt this company reflects that the company used the law firm of Reaud, Morgan and Quinnbased out of Beaumont Texas to handle their litigation matters and the firm clearly seesm to be connected within the court system with a Judge who was a senior emmebr of this firm. Here is a cse in point Case# A 187-564 filed in Jefferson County Texas. A Google search on US Money Reserve has revealed this information in an article published by the Southeast Texas Record which is a legal publication. When you Google the Judge's name assigned to this case Judge Bob Wortham you will find that Judge Wortham was a senior memebr of Reaud, Morgan & Quinn. The practice of US Money Reserve d/b/a/ United States rare Coin & Bullion reserve is that they file frivilous litigation and the victims have to spend legal fees to defend agaisnt this frivilous litigation. The lawsuit in the above case mention clearly indicates false infromation provided within the lawsuit by this law firm. An investigative base search on this company reveals that the real owner had some big problems with the SEC and is not allowed to sit on the board of any corproate company. The company therefore is now in his girlfriend's name it is believed to hide the identity of the true owner and his prior problems with the SEC. BUYER BEWARE GOOGLE THIS COMPANY UNDER US MONEY RESERVE OR UNITED STATES RARE COIN & BULLION RESERVE AND READ. HERE ARE A FEW CASE NUMBERS FROM OTHER CASES WE HAVE FOUND: cASE # 1:07-CV-00270-LJO-NEW United States District Court Eastern District of California Case # E179-220 Jefferson County District Court just to mention a few. The pattern in these case are the same. Involving what appears to be exploitation of the elderly population in our opinion and review of the case filings. |
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| Let me tell you about my suspicions between this company and the US Mint. I recently purchased a 2 gold coins from the US Mint for a little over $900.00. Within one month of this purchase I was notified by my credit card company that an attempt was made to fraudulently use my credit card online by someone purchasing product(s) from an outfit called 'Universal Services' for $994.56. Notice the Universal Services (US) and the amount in the $900 range. Fortunately, my credit card company rejected the transaction and issued me a new credit card. I had been using my original credit card for more than five years with never a fraudulent attempt. In addition, I received a mailing from a company called the US Money Reserve soliciting me to purchase coins from them. Coincidence? I don't think so. I called the US Money Reserve people and asked how they got my name and address and they said I was not targeted but that their marketing company sent these flyers to everyone in my zipcode. That was a lie because I was taking care of my neighbor's house while they are on vacation and since I've been gathering their mail I can confirm they never received this flyer. It's very possible that had not my credit card company caught this fraud I would have gotten billed for approximately $900 from a company that is listed as US. I have suspicions that there is contact inside the US Mint that provided information to US Money Reserve but of course the US Mint denied my suspicions when I called them. This is all too coincidental for my taste. |
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old man, here are just a few of the names that us money reserve goes by.. but in reality...they are all owned by the same people - Key players: Annette Renaud, Milton Verrett, Colt Verrett
The suit names USRCBR, U.S. Money Reserve, Capitol Mint, Providence Rare Coins, U.S. Vault Collection, as defendants
Alternate Business Names
4444, Inc., American Gold Authority, LLC, U.S. Gold Coin Exchange, U.S. Silver Reserve, United States Coin and Gold Reserve, United States Gold Coin Reserve, United States Silver Reserve, US Gold Exchange, USCGR
i was married to a current employee at all the above entities...i would warn all far and wide BUYER BEWARE!! |
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milton is from beaumont HENCE most of the cases being in or around his swamp land and yes, all is in annette's name due to milton's history but now he is passing the greed on to his son colt...it is a family affair!!
User322063, we should talk!! |
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