• Report: #1115637

Complaint Review: Monaco Financial, LLC

  • Submitted: Wed, January 15, 2014
  • Updated: Wed, January 15, 2014

  • Reported By: Allen — Richmond Kentucky
Monaco Financial, LLC
4900 Birch Street Long Beach, California USA

Monaco Financial, LLC Monex Rare coin company that will ripoff your money but will never return your calls or emails. Long Beach California

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Monaco Financial is a rare coin business out of Long Beach California that also go by the name of Monex. The company is located at 4900 Birch Street, Long Beach,  California. They are a high pressure sales company with only one thing in mind is to take your money no matter by what means.   This is a rare coin company and the sales person that is your representive is always calling you with this deal or that deal. The most important thing is to get you to sign a finance agreement if you can not pay for a coin but just put a down payment on a coin is to charge you interest and they matain complete control of your coin that you bought till it is payed off.   That like buying a car by getting it financed and never taking it home till you pay the car off. You are charged interest even though you never see the rare coin you bought till paid in full. You buy a coin for $30,000 may put down $20,000 dollars and owe $10,000 but if you decide to cash in your coin you get a penalty stuck for 15% on the $30,000 dollars you bought it for even though you have paid $20,000 on your loan, all you get back is $15,500 dollars of you money that you have invested, even though you have been paying %5.99 interest on your loan.  I bought several coins through Monaco and was promised that what I invested I would recive back when I got ready to sell what I had bought from them.  Wrong when you try to question them they will never return your call or you email or even a written letter. I was scammed for over $20,000 dollars thinking and being promised to get my money back that I invested with Monaco. Beware before sighing a contract for financial aid to buy a coin because your down payment will be less of the over all price and you don't even get a kiss.  Stay away from them and their smooth advertisements and keep you money in your pocket not theirs.


This report was posted on Ripoff Report on 01/15/2014 06:04 AM and is a permanent record located here: http://www.ripoffreport.com/r/Monaco-Financial-LLC/Long-Beach-California-92660/Monaco-Financial-LLC-Monex-Rare-coin-company-that-will-ripoff-your-money-but-will-never-1115637. 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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