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Report: #1425390

Complaint Review: Regal Assets

  • Submitted: Fri, January 26, 2018
  • Updated: Fri, January 26, 2018
  • Reported By: Patrick — Fairdale Kentucky United States
  • Regal Assets
    3450 Cahuenga Blvd. W, Building 705
    Los Angeles, California
    United States

Regal Assets Ryder Ray from Regal Assets Misrepresentation of business and it's practices Los Angeles California

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I contacted Regal Assets because they were the #1 precious metal investment company advertised. Regal Assets violated my trust saying they would purchase precious metals at Market Price. I received a letter telling me I had invested 32,390.46 in precious metals. Gold 7-1 oz. bars, Silver 39-10 oz. bars and Platinum 13-1 oz. bars.

After a year of investment in precious metals I reviewed my invoice from my IRA, New Direction IRA Inc. 1070 W. Century Drive, Suite 101, Louisville, CO 80027. My balance showed my IRA was worth 27,910.02. That's a difference of 4,480.44. What Regal Assets had done was purchase metals on my behalf then marking them up 100% to make it look like I had purchased the amount on my invoice of 32,390.46.

Then Regal assets charged me an inflated charge only known to me until after receiving my IRA value. These business practices are fraudulent, misleading and very unprofessional. A BBB member with an A+ rating has no doubt been manipulated by this company Regal Assets. Upon investigating more It is apparent that Regal Assets used BBB status to hide their Fraudulent business practices.

This report was posted on Ripoff Report on 01/26/2018 07:28 AM and is a permanent record located here: https://www.ripoffreport.com/reports/regal-assets/los-angeles-california-90068/regal-assets-ryder-ray-from-regal-assets-misrepresentation-of-business-and-its-practices-1425390. 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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