U.S. Money Reserve sues customer for fraud
Sometimes labeled as companies looking to defraud customers, one local gold coin company is suing a customer alleging he purchased and received gold coins and now is fraudulently trying to a secure a chargeback on his credit card.
U.S. Money Reserve, doing business as U.S. Rare Coin & Bullion Reserve, filed suit against defendants USPI, George Menier and Joseph Rainer on Aug. 13 in Jefferson County District Court.
According to the suit, Menier purchased coins from U.S. Money Reserve. After acquiring them, he "fraudulently denied he received the coins and attempted to secure a chargeback on his credit card."
"When Menier's ... schemes did not work, he enlisted the help of defendants USPI and Rainer," the suit states. "Defendants ... all attempted to fraudulently secure a charge back even though the coins were never returned."
The suit goes on to accuse the defendants of attempting to defraud U.S. Money Reserve through a "devised scheme."
The suit does not state when Rainer purchased the coins or how the coin company knows how he received them.
The company is seeking exemplary damages for the defendants' alleged fraud, plus attorney's fees.
U.S. Money Reserve is represented by Beaumont attorney Glen Morgan, a partner at the Reaud, Morgan & Quinn law firm.
Judge Bob Wortham, 58th District Court, has been assigned to the case.
Case No. A187-564