ED Magedson – Founder
ENTRUSTCAMA512 Township Line Road Blue Bell, Pennsylvania United States of America
I closed out my IRA CD account at the end of January 2010 and was given a cashiers check by Chase Bank in North Hollywood CA. I mailed it to EntrustCAMA in Blue Bell PA as per their directions, to invest in a self directed IRA investment with them. Which in turn was going to be invested in a peer to peer lending club. Lendingclub.com, Jeff M. Anyhow, the check and paper work made it to EntrustCAMA per the tracking number. They say that they never got the check but got the paper work. Intresting. When i asked them who opens their mail, i could NOT get an answer. The bank wants a 2% service charge of the face value to get a new check issued. Since the check was from an IRA account, i have only 60 days to reinvest it or be hammered by heavy penalties etc etc etc. Remember it was from a matured IRA CD account. Chase will only wave the fee if i wait 90 days, so you do the math. [continued below]....
This report was posted on Ripoff Report on 03/03/2010 11:00 PM and is a permanent record located here: http://www.ripoffreport.com/reports/entrustcama/blue-bell-pennsylvania-19422/investment-brokersentrustcama-blue-belentrustcama-blue-bell-pa-the-e-46e83htm-577728. 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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