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Report: #873732

Complaint Review: Lear capit - Los Angeles California

  • Submitted:
  • Updated:
  • Reported By: Jack Gottlieb — New York New York United States of America
  • Author Not Confirmed What's this?
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  • Lear capit 1990s buddy drive Los Angeles, California United States of America

Lear capit Ripoff fraud lies manipulation deceit Los Angeles, California

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On 12 /21 /10 I received a call from jacob blalock of learcapital informing me that my silver investment had doubled and he advised me to sell and repurchase 1oz American gold eagle proofs he felt that silver was going down and to protect my profits I should buy proofs he assured me that the difference in price between the bullion and proofs would be recovered when I wanted to sell.minus the ten percent markup for learcapital for facilitating the purchase Lear charged me 1925dollars per coin when gold was at 1380 oz .three weeks later gold was up 125dollars called Lear and asked for value of the coins were currently.I was told that the buy back was 1750per

I was pissed I asked Jacob what happens to my proofs and the assurances i was given 3 weeks ago the bottom line to this story is I was rdefrauded scammed minupulated into losing over twenty thousand dollar on a eighty five thousand dollar investment That's what I get for trusting this a*****e .inspofwillingness to pay him a more than fair 10percent markup this pig needed more . My complaints to Lear got me nowhere but more lies and excuses trying to justified what they did to my wife and myself.please see math below you decide for yourself the lack of careing and honesty they have for there customers two weeks ago Lear called and offered me sixty dollars over spot afterselligit to me at over 500dollar above spot

48 1oz proofs sold to me at 1925per oz totalprice. 92.400.00 dollar actual value of metal was

48 ounces at 1380 per at purchase value 67200000 for a loss of. Over twentyfive thousand dollar

I've been robbed as you can clearly sea by the way 2010 gold proof premium is no more than 150 dollars at best. that's how learcapital takes care of its trusting customer

This report was posted on Ripoff Report on 04/25/2012 01:26 PM and is a permanent record located here: https://www.ripoffreport.com/reports/lear-capit/los-angeles-california-90025/lear-capit-ripoff-fraud-lies-manipulation-deceit-los-angeles-california-873732. 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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