Saturday, December 20, 2014
1012 C Street  •  Floresville, TX 78114  •  Phone: 830-216-4519  •  Fax: 830-393-3219  • 

WCN Site Search


Lost & Found


VideoFound: Cute short legged dog, neutered male, near Wilson County Show Barn, red collar and flea collar, sweet. Call 801-791-0613.
Found: Great Pyrenees in La Vernia. Call or text to claim 830-581-8041.
Lost: Black manx cat (no tail), neutered male, medium build, shy, answers to Bear. Reward! 210-635-7560.
More Lost & Found ads ›

Help Wanted

Eagle Wrecker is looking for a licensed wrecker driver, must be able to tow and recover vehicles, be 25 years of age with a clean driving record, and be able to pass a drug test. Person must be willing to be on call 24/7. Call 830-393-6125 if you're up to the challenge.
Oil Field Lease Service field supervisors needed, must have knowledge of all areas of oil field maintenance, tank battery, compressor, etc.; hook-ups; must supervise crew and develop relationships with company men. Call 361-436-6909.
More Help Wanted ads ›

Featured Videos





Video Vault ›
Richardson Chevrolet homeRE/MAX homeTNMC

Consumer Updates


Agreement Provides Restitution to U.S. Money Reserve Customers




E-Mail this Story to a Friend
Print this Story

Disclaimer:
The author of this entry is responsible for this content, which is not edited by the Wilson County News or wilsoncountynews.com.
November 17, 2011 | 1,595 views | 1 comment

Texas Attorney General resolves investigation into commemorative coin marketer

AUSTIN -- The Texas Attorney General’s Office today resolved its investigation into U.S. Money Reserve Inc., an Austin-based commemorative coin marketer that does business as U.S. Rare Coin and Bullion Reserve. Under today’s agreement, U.S. Money Reserve must provide $5 million in restitution to its customers and comply with the Texas Deceptive Trade Practices Act in the future.

The State’s investigation into U.S. Money Reserve centered on the firm’s efforts to market commemorative gold coins. Customers who contacted U.S. Money Reserve to inquire about the gold bullion coins featured in its telelvision advertisements encountered sales personnel who urged them to buy more expensive commemorative coins. According to state investigators, U.S. Money Reserve’s sales team claimed that the commemorative coins would both retain and increase their value more effectively than ordinary bullion coins. However, the significantly higher prices that U.S. Money Reserve charged for its commemorative coins rendered the products so expensive that customers would not actually realize an increase in value for many years. The State’s investigation also addressed U.S. Money Reserve’s refund policy.

Under the agreement finalized this week, U.S. Money Reserve has agreed to fully reform its sales practices. The firm further agreed to conduct all aspects of its business in strict compliance with the Texas Deceptive Trade Practices Act. Finally, U.S. Money Reserve will provide up to $5 million in restitution to reimburse customers for their financial losses.

To inquire about eligibility for this restitution program, customers should contact U.S. Money Reserve at (800) 867-6101. The amount of restitution depends upon the date of purchase of coins.
 
« Previous Blog Entry (November 17, 2011)
 


Your Opinions and Comments

 
Elaine K.  
Floresville  
November 17, 2011 11:29am
 
 
New post.
 

Share your comment or opinion on this story!


You must be logged in to post comments:



Other Consumer Updates

Sacred Heart School
Drama Kids International
WCN border security forum video 2014
Hoelschers home
John D. Foster home
Abrego Lake
Sherwood Surveying
Wilson's Auto Chooser
Caraway Ford
Pat Brown Realtors, Inc. home
DDS Dentures & Dental Services Right-side banner
Pursch Motors
Floresville EDC
Allstate & McBride RealtyTriple R DC ExpertsEast Central Driving SchoolChester WilsonHeavenly Touch homeBlue Moon Karaoke & DJVoncille Bielefeld home

  Copyright © 2007-2014 Wilson County News. All rights reserved. Web development by Drewa Designs.