Gold Central Insiders and investors supply hundreds of clues as allegations of WIDESPREAD ILLEGAL ACTIVITIES and WRONGDOINGS surface! Santa Monica California
Is Lear Financial Inc., aka Goldcentral.com of Santa Monica, California using major US advertisers to KNOWINGLY deceive investors?
Hundreds of specific answers obtained to almost 100 questions regarding the alleged wrongful activities from inside of Lear Financial (Lear) aka Gold Central such as: Are your work related problems at Lear a result of denied freedom of speech? Are your work related problems at Lear a result of sexual misconduct or humiliation? Do you feel threatened by management or VP's for attempting to report a crime or wrongdoing?
Each day MORE SAY, YES.
If true, the following list of advertisers should drop Lear Financial from their advertising spots for the allegations of criminal acts and wrongdoings perpetrated against American investors, its customers, potential customers and employees.
FOXNEWS Television
Rush Limbaugh
AM Coast to Coast with Art Bell & George Norrey
Michael Medved
Laura Ingraham
Dennis Prager
World Magazine & dozens of others
That partial list includes some of the largest and respected personalities in broadcasting, particularly from conservative, financial, religious radio or other media outlets, as many personally endorse Lear Financial on air to millions of listeners, viewers or readers.
FOXNEWS Television, for example, broadcasts several national commercials each business day with an actor from TV show Law and Order who comforts the viewers with the promise that Lear Financial will protect their investments and treat them fair.
In fact, investors from all over the country allege YEARS OF WIDESPREAD PRICE DECEPTION, employees make claims of widespread wrongdoings, such as racial / sexual harassment and other illegal business practices at Lear Financial. Founder/ President Kevin DeMeritt's many business enterprises include ReferNow, other investment type companies and several income producing real estate properties.
Kevin DeMeritt's enterprises are currently using US radio airways, print, web and television to advertise his private business interest. Less not forget Government agencies such as the US Postal services and US banking institutions that have unknowingly moved hundreds of millions of investment dollars due to what many allege as the wrongful, illegal or criminal activities of Kevin DeMeritt.
Rip off Report.com search Lear Financial, Gold Central, Buy Gold at Cost, Kevin DeMeritt or Corrupt Companies Santa Monica for detail and attorney; contact Peter Dion-Kindem of Woodland Hills California.
john q. public
Los Angeles, California
U.S.A.
1 Updates & Rebuttals
John Q.
SANTA MONICA,California,
U.S.A.
Lear Financial self proclaimed, "industry leader" yet, the Better Business Bureau rates Lear Financial last vs. comparable firms.
#2UPDATE EX-employee responds
Sat, June 02, 2007
Lear Financial the self proclaimed, "industry leader" and according to Kevin DeMeritt, president of Lear Financial, "a leading precious metals company to investors and institutional clients."
PART 2 in a SERIES: Of the 7 Los Angeles County Gold Companies researched, Lear Financial ranks last in each of the following categories:
1. The Better Business Bureau Rating
2. Years in Business
3. Published Coin Fees
The summary of the language used by the Better Business Bureau ratings state, in part: The rating the Better Business Bureau assigns a business is determined by our composite score of such factors as its type of business, length of time in business, compliance with competency licensing requirements, complaint volume, complaint history, seriousness of complaints, how the company responds to complaints and our experience with the company's industry in general.
The scoring system takes into account the importance we feel each factor is to the company's reliability. The highest rating assigned to a company is AAA; the lowest is F. Between those two ratings are nine others in order from higher to lower.
The ratings are defined as follows:
AAA - An exemplary rating.
AA - An extremely high rating.
A - An excellent rating.
BBB - A very high rating.
BB - A high rating.
B - A good rating that still implies reputability.
CCC - A good rating.
CC - Average rating.
C - Acceptable rating.
D - Enough concerns that we recommend caution in doing business with it.
F -We strongly question the company's reliability for several reasons.
The Better Business Bureau Rating (AAA down to F) of 7 gold companies:
1. AA - A Mark Precious Metals; Santa Monica, CA
2. AA - California Numismatics; Torrance, CA
3. AA - Gold Investment Group; Marina del Ray, CA
4. A - Wilshire Coin; Santa Monica, CA
5. A - Merit Financial; Santa Monica, CA
6. BB - Goldline International; Santa Monica, CA
7. B - Lear Financial Inc.; Santa Monica, CA
The Better Business Bureau rated 6 similar gold companies higher than Lear Financial yet, still Kevin DeMeritt states "For the last ten years, Lear has been a leader in the precious metals industry, consistently getting the highest reviews for quality, integrity and customer service" although all 6 companies have been in business longer.
Ranked by the Years in Business
1. 1960 - Goldline International
2. 1965 - A Mark Precious Metals
3. 1974 - Wilshire Coin
4. 1980 - California Numismatics
5. 1986 - Merit Financial
6. 1995 - Gold Investment Group
7. 1997 - Lear Financial Inc.
Kevin DeMeritt further states, "to address the specific point of fees, each contract discloses the average fees or spread associated with any rare coin purchase. That spread can be 17% to 33% of the purchase price. These fees are standard in this very competitive industry and clearly made known to each buyer. These fees are charged once upon purchase and, contrary to what some other gold companies do, we charge no fees at the time a customer wishes to sell."
Ranked by published coin fees (over a dozen coins compared)
1. Wilshire Coin
2. Merit Financial
3. California Numismatics
4. Gold Investment Group
5. A Mark Precious Metals
6. Goldline International
7. Lear Financial Inc.
Kevin DeMeritt has several other business enterprises doing business at the same location as Lear and transacting via the inter-net and telephone. Lear receives funds via US mail, bank wire, personal checks, money orders, credit cards, cash and financial rollovers.
Additionally, there are allegations and lawsuits vs. Lear Financial claiming widespread and systematic fraud against it customers and illegal tape recording of customers' phone calls perpetrated against its customers, among other wrongful acts.
The claims contend that Lear systematically misled its customers about the amount of commissions they were paying and overcharged them. As well instructs its employees as to how to mislead its customers. Documents and audio tapes have been obtained to support this specific allegation as well several customers have come forward with supporting evidence.
The claims also state that Lear systematically violated the California Penal Code by unlawfully recording and eavesdropping on conversations between Lear salesmen and Lear customers without the customer's knowing consent and instructed their employees to record and eavesdrop on conversations without all parties knowing consent. Many copies of tape recordings have been obtained to support this allegation.
We are investigating whether you had a similar experience at Lear and would greatly appreciate it if you could call us to so that we could determine if you also were subject to the alleged wrongful conduct. We look forward to hearing from you in this regard.
CLICK here to see why Rip-off Report, as a matter of policy, deleted either a phone number, link or e-mail address from this Report.