ED Magedson – Founder
Gold exchange900 E. bidwell st. Folsom, California USA
Gold exchange Cash for gold Took unauthorized loans, overcharged interest, sold gold and charged customer to replace Folsom California
This place took advantage of my wife when she was at her lowest time. Trying to pawn her jewelry (but not knowing this place was only licensed to buy) the owner offered her a deal to pawn the ring and pick it up at a later charged he charged $250 interest for a $800 loan for less than 30 days. Then "accidentally" dismembered the ring asoil melted the band. After apologetically offering to rectify the situation, he attempted to charge another $200 for the replacement. He also required cash for the deal to be finished so there would not be a paper trail.We had to call the police for a report and go to small claims court. This husband and wife team are Crooks. They will gauge you for anything they think they can get from you.
This report was posted on Ripoff Report on 09/11/2013 04:29 PM and is a permanent record located here: http://www.ripoffreport.com/r/Gold-exchange/Folsom-California-95630/Gold-exchange-Cash-for-gold-Took-unauthorized-loans-overcharged-interest-sold-gold-and-1083751. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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