• Report: #992810

Complaint Review: Merit Financial Sanata Monica

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  • Submitted: Mon, January 07, 2013
  • Updated: Mon, January 07, 2013

  • Reported By: Steve — Fountain Valley California United States of America
Merit Financial Sanata Monica
1300 fourth Street Ste 303 Santa Monica, California United States of America

Merit Financial Sanata Monica Ted Root and Shawn Oesterrreichter Ripped off by Shawn Oestrreichter and Ted Root Santa Monica, California

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I called Merit financial to see what their commission rate for selling gold bullion. They donot like to call it a commission. I talk to Ted Root who promptly referred me to Shawn Oesterreichter who promptly said it would be smart to convert my gold bullion to gold Proof (which I found out later this was against company policy) Shawn was dishonest becuase he never told me what the commission to convert until after and the company had a false ceiling (called a spread) $200 above gold bullion price to sell gold proofs. After the transaction was made Shawn charged 55% to convert. I feel he misslead me so he could make a excessive commission at my expense.

This report was posted on Ripoff Report on 01/07/2013 01:44 PM and is a permanent record located here: http://www.ripoffreport.com/r/Merit-Financial-Sanata-Monica/Santa-Monica-California-90401/Merit-Financial-Sanata-Monica-Ted-Root-and-Shawn-Oesterrreichter-Ripped-off-by-Shawn-Oestr-992810. 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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