Cash4Gold Portrayed as Predator by New York Congressman

In a Washington, D.C., news conference Tuesday, Congressman Anthony D. Weiner declared Pompano Beach-based Cash4Gold "a golden opportunity for citizens to be ripped off."Wait, you mean we can't trust Hammer and deathbed-ridden Ed McMahon?Weiner's news conference is a prelude to legislation he's crafting to more closely regulate companies like Cash4Gold...

By Thomas Francis

January 20, 2010

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In a Washington, D.C., news conference Tuesday, Congressman Anthony D. Weiner declared Pompano Beach-based Cash4Gold "a golden opportunity for citizens to be ripped off."

Wait, you mean we can't trust Hammer and deathbed-ridden Ed McMahon?

Weiner's news conference is a prelude to legislation he's crafting to more closely regulate companies like Cash4Gold. He also wants the Federal Trade Commission to investigate the gold buyer. From the New York Times:

Mr. Weiner said that research by his office and by Consumer Reports showed that Cash4Gold paid only 11 percent to 29 percent of the actual value of valuables sent to them, and often refused to send jewelry back when it was asked to do so within the 12-day period.

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