Report: #728017

Complaint Review: LLC

  • Submitted: Wed, May 11, 2011
  • Updated: Thu, October 18, 2012
  • Reported By: is a scam — Indiana United States of America
  • LLC
    220 12th Avenue 2nd Floor
    New York, New York
    United States of America LLC Western Asset Reserve was the perpetrator of a scam involving themselves and Western asset Reserve. They were involved in scamming over $6000 from me. They took blind bids that were not made by me. New York, New York

*General Comment: "F" Rating?

*Author of original report: Research Companies BEFORE you interact with them!

*Author of original report: Scam

*Author of original report: SCAM

*Author of original report: was founded by Julian Ellison and John Ralston

Show customers why they should trust your business over your competitors... is a scam. They hide behind their affiliates and a questionable website agreement. They were involved in stealing over $6000 from me under the guise of an affiliate on their website. I have never recieved any merchandise or services from LiveAuctioneers or anyone involved in this dispute. They allow affiliates to auction off items. In this case took blind bids that were not made by me and that just "magically" appeared on my website profile. I was then harrassed like I have never seen before. and their affiliate, Western Asset Reserve then worked with an unscrupulous collector named Lazarus Financial Group to call and threaten me with lawsuites and legal trouble if I didn't give him $6000 to give to Western Asset Reserve and is a SCAM. Western Asset Reserve is a SCAM. Lazarus Financial Group is a SCAM. Stay far away from any of these companies. I had $6000 stolen from me and I was threaten with charges up to $29,000. This is without ever having been provided goods or services. is a SCAM
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This report was posted on Ripoff Report on 05/11/2011 09:31 AM and is a permanent record located here: 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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#1 General Comment

"F" Rating?

AUTHOR: Susan - (U.S.A.)

First, I would like to say I am sorry for what you allegedly went through with this website.  But I have to ask where it is you got your information from, as to their BBB rating?  You state here, they have an "F" rating.  Well, I just went to, and saw they are actually listed as having an "A+" rating.  

Hoping this link works, as it brings you straight to their page on

I found your complaint when looking up reviews for the site, myself, as I was interested in using them and wanted to see what others said about them first.  I was originally put off of them after seeing your complaint.  But now...

Anyway, I hope this information is of help to someone out there.
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#2 Author of original report

Research Companies BEFORE you interact with them!

AUTHOR: is a scam - (United States of America)

It has been six months since I made the mistake of using my email address at http://www.LiveAuction.... It has been over a month since I had a collection agency give me three days to give them $6000 to settle a http://LiveAuctioneers... profile. In no time in between and in no time since has LiveAuctioneers or Western Asset Reserve contacted me to update me on where my $6000 has gone and what exactly I was being charged for, and yet I still can't access my http://www.liveauction... profile to use that taken amount as a site credit.

        http://LiveAuctioneers... has stated on a BBB response that they take no responsibility for what happens on their website with their affiliates. I find this practice inconsistent with other online auctioneers. I have been an A+ Ebayer for over 7 years now, with a 100% rating with some 100 dealings with others buyers and sellers. I couldn't imagine Ebay just stepping out of a situation to leave you to fend for yourself against bully collectors and unresponsive companies.

     I will continue to update the internet consumer community about my dealings with these online businesses. Six months after creating a http://www.LiveAuction... profile, I have received no merchandise, I don't know what charges the collection agency were taking from me, where the money was going, where the money is? I had to pay $6000 dollars for bids I did not place on this website. Imagine a $6000 charge for something you didn't do and you don't even know what the money is for? And no one from these companies contact you, except a collection agency(you can imagine exactly what this guy sounded like and the way he talked to you!)! And you have three days to pay him or else! This is exactly what I've gone through.

    All the companies I have dealt with in this ordeal have a F rating at the BBB. BBB couldn't even contact Western Asset Reserve for weeks, no response. Just feel that fear as a consumer!

    You can make your own decision about these businesses. All I can do is tell you my personal experiences and hope no one else has to live through a tragedy such as this
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#3 Author of original report


AUTHOR: is a scam - (United States of America)

BBB finally received word back from Western Asset reserve on their part of this scam. Their official response was that the reason they scammed me for $6000 on is because of my friend choice. They seriously said I need to pick better friends.??? They scammed me because of my friend choice? We didn't make these bids!
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#4 Author of original report SCAM

AUTHOR: is a scam - (United States of America)

I just received an update from BBB regarding Western Asset Reserve and Both have an F ratinjg with BBB. Huge SCAM Stay far away. BBB cuoldn't even get a response from Western Asset Reserve. Again, People, these companies are scamming people on the internet. Please someone investigate the business practices of these companies. They are internet SCAM COMPANIES!
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#5 Author of original report was founded by Julian Ellison and John Ralston

AUTHOR: is a scam - (United States of America) was founded by a Julian Ellison and John Ralston. I'm not aware of their involvement in the scam, but I do know they founded the website that helped scam over $6000 from me.
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