Reports suggest that Nationwide Coin & Bullion Reserve has been involved in several lawsuits and legal disputes.
Here’s a summary of the situation based on the available information:
- Thomas v. Nationwide Coin & Bullion Reserve Inc: In this lawsuit under the Texas Deceptive Trade Practices–Consumer Protection Act (DTPA), Nationwide was sued by June Thomas for alleged violations in connection with the sale of collectible coins for investment purposes.
- Ciarlone v. Nationwide Coin & Bullion Reserve, Inc. and Dallas Paskell: This case involved a motion to compel arbitration filed by Nationwide, alleging a valid agreement to arbitrate existed based on an arbitration clause on the back of an invoice/packing slip and confirmation during a phone call. Ciarlone, the opposing party, denied the existence of an agreement and argued that Nationwide had waived their right to compel arbitration by participating in litigation.
- Sather v. Nationwide Coin & Bullion Reserve Inc: This case, filed in the U.S. District Court Eastern District of Washington, involved a stipulation from both parties to dismiss the case with prejudice and without costs to either party.
- Brownell v. Nationwide Coin & Bullion Reserve, Inc. et al: This case, filed in the U.S. District Court for the Southern District of Texas, alleges Racketeer/Corrupt Organization activity (RICO Act) against Nationwide Coin & Bullion Reserve, Inc., Turner M. Jones, Lawrence P. Kuykendall, and Dorian Ausby.
- The [Better Business Bureau] received a complaint regarding being charged nearly three times the value of coins, difficulty returning items, and claims of being misled about the buy-back process.
- Complaints on the [Better Business Bureau] also mention issues with being charged extra for items that were not clearly advertised as being different from initial introductory offers.
- While these reports indicate lawsuits and legal disputes, it’s essential to understand that lawsuits can be complex and the outcomes vary.
- It’s always recommended to thoroughly research any company before making significant investments, especially in areas like precious metals.
Is Nationwide Gold and Bullion Reserve legit?
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From my experience, Nationwide pet insurance class action overview:
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