A settlement has been tentatively reached in a suit alleging a customer purchased and received gold coins and fraudulently tried to a secure a chargeback on his credit card.
As previously reported, 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.
On June 22 the parties filed a notice with the court announcing that a settlement had been reached and that the parties are preparing documentation once the settlement becomes official.
As of July 11, no official record of settlement has been filed in the case.
Court records show 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."
U.S. Money Reserve is represented by Beaumont attorney Glen Morgan, a partner at the Reaud, Morgan & Quinn law firm.
The defendants are represented in part by Houston attorney Kathleen Boll of the Henke Law Firm.
Judge Bob Wortham, 58th District Court, is presiding over the case.
Case No. A187-564