• Report: #922549
Complaint Review:

Western Asset Reserve

  • Submitted: Sat, August 04, 2012
  • Updated: Sat, August 04, 2012

  • Reported By: Sakupljac — Commerce Texas United States of America
Western Asset Reserve
PO Box 1421 Kapaa, Hawaii United States of America
  • Phone: 808 823 0818
  • Web:
  • Category: E-trade

Western Asset Reserve Bait and switch, false advertising, junk merchandise Kapaa, Hawaii

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Western Asset Reserve misrepresents itself as an online auction house. They advertise foreign old money  for sale. The advertisement says "circulated," and the pictures show slightly circulated, clean banknotes with sharp edges and in vivid colors. I bough five, at $3 apiece, and expected to receive the very objects pictured. I received worn out, torn banknotes bearing serial numbers different from those pictured in the advertisements. This junk arrived in a piece of mail that did not show postage cost, but it was an ordinary letter. The "auctioneer," however, charged me $19 for shipping and handling! 

I found on the internet complaints against Western Asset Reserve by customers claiming to have been scammed. These victims wrote that complaining to the perpetrator was useless, and I did not waste my time. I swallowed a small money loss and a considerable humiliation.

This report was posted on Ripoff Report on 08/04/2012 03:52 PM and is a permanent record located here: http://www.ripoffreport.com/reports/western-asset-reserve/kapaa-hawaii-96746/western-asset-reserve-bait-and-switch-false-advertising-junk-merchandise-kapaa-hawaii-922549. 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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