The E-Sylum:  Volume 10, Number 49, December 2, 2007, Article 28

TEXAS COIN FIRMS SPAR IN LAWSUIT

[A story out of Texas this week sheds a little light on
the behind-the-scenes workings of coin marketers.  Two
similarly-named firms, one run by former employees of
the other, attended a hearing on Thursday; no outcome
has been announced.  -Editor]

"Austin-based U.S Money Reserve, Inc. is pursuing a
permanent injunction against a band of former employees,
who formed their own coin company by allegedly stealing
the company's consumer accounts.

"U.S Money Reserve, doing business as United States Rare
Coin & Bullion Reserve (USRCB), filed its suit, USRCB vs.
United States Money Exchange et al, earlier this month.

"The suit names as defendants Cecil Roberts, individually
and doing business as United States Money Exchange; Jason
Braquet and Ed Seymour, individually and doing business
as JTB Coins; Chad Poole, Terry Finley and Bill Truman.

"According to the plaintiff's petition, on Oct. 17, 2007,
Braquet, a former USRCB employee, left the company to work
with other former employees 'to divert sales of coins from
numerous customers of plaintiff.'

"To prove its allegations, USRCB hired local private
investigator and political blogger Phillip Klein to probe
the former employees who had left the company 'on suspicious
circumstances.'

"Faulk testified that after Braquet would make a sale while
working for USRCB, he would write down the customer's information
on a piece of paper, stick it in his pocket then sell it to
United States Money Exchange.

"'During the overview of the investigation I have found
probable cause of both civil and criminal laws being violated
by numerous individuals,' Klein wrote in his affidavit."

To read the complete article, see:
Full Story

To access the U.S. Money Reserve web site, see:
U.S. Money Reserve

  Wayne Homren, Editor

	coinbooks.org Web

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