Wednesday, August 31, 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: Chihuahua, his name is Lenny, he's a little larger, Floresville. If found call 830-534-8326. 

VideoFound: Senior female Beagle mix in Whispering Oaks, Adkins, blind and deaf, no identification. Call or text 210-259-6977.  

VideoFriendly Boxer, her name is "ZOE". CR225/CR226, Poth area. Reward for safe return call 210-887-9522.
More Lost & Found ads ›

Help Wanted

Pro shop help needed at River Bend in Floresville, part-time, good pay! Call Louie to set up an interview, 210-725-5405.
Childcare Ministries of LVUMC is taking applications for afternoon teachers, CPR a plus, training available. Call 830-779-5117 for information.
More Help Wanted ads ›

Featured Videos





Video Vault ›
RE/MAX homeTNMCRichardson Chevrolet home

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 18, 2011 | 2,005 views | Post a 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 television 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


Be the first to comment on this story!


You must be logged in to post a comment.




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

Consumer Updates Archives


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

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