Monday, September 26, 2016
1012 C Street  •  Floresville, TX 78114  •  Phone: 830-216-4519  •  Fax: 830-393-3219  • 

WCN Site Search


Preview the Paper Preview the Paper

Preview this week's Paper
A limited number of pages are displayed in this preview.
Preview this Week’s Issue ›
Subscribe Today ›

Lost & Found

Lost at LV Light It Up Ceremony: heart charm bracelet, necklace with arrow & heart, crown ring, and heart knot ring. All pieces are silver. Please contact Sheri, 210-833-8377.

VideoFound: Senior Beagle mix, Aug. 20, on Palo Verde in The Estates of Eagle Creek Subdivision, Floresville, help this little one find her home. Call 210-487-8284 or 210-831-1343.
Cute, friendly dog found in the Courthouse area. He obviously belongs to someone as he has a collar but no tags. Please call 210-355-2613 to claim him.
More Lost & Found ads ›

Help Wanted

Smartt Move LLC now hiring CDL drivers, hourly pay, day work, benefits, insurance, etc. Call George 972-365-6326 or Todd 210-296-6272.
Higuchi Manufacturing America is HIRING! 2nd Shift Production Assembly, 3-11:30 p.m., Monday-Friday. Must pass physical and drug screen. Benefits offered after 90 day probationary period. Call for more information, 210-633-2877 or stop by our location at 14901 Southton Rd., Elmendorf, TX 78112.
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 | 1,946 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
 

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 a comment.




Not a subscriber?
Subscriber, but no password?
Forgot password?

Consumer Updates Archives


Pat Brown Realtors, Inc. home
Sherwood Surveying
Caraway Ford
RS Gate & Supply
Abrego Lake
Agape
CASA
John D. Foster home
WC Road Runners Taco Run
Hoelschers home
WCN web hosting
Drama Kids
Custom Construction LLC
WCN Insider
Triple R DC ExpertsFriesenhahn Custom WeldingHeavenly Touch homeAllstate & McBride RealtyVoncille Bielefeld home

  Copyright © 2007-2016 Wilson County News. All rights reserved. Web development by Drewa Designs.