Cash 4 Gold, the company that gave the bankrupted ’90s icon MC Hammer work recently and inspired Consumerist to do their first full-length investigative piece is the subject tomorrow of a congressional hearing by Rep. Anthony Weiner of New York.
The notice of the hearing is pasted in full after the jump.
Scams by “Cash 4 Gold” to be Explored
Washington, DC – In response to an investigation conducted by Rep. Anthony Weiner (D – Brooklyn and Queens) into the deceitful business practices of mail-order gold dealers like â€œCash 4 Goldâ€, the House subcommittee on Commerce, Trade and Consumer Protection will hold a congressional hearing on Weiner’s legislation, H.R. 4501, also known as the “Guarantee of a Legitimate Deal Act.” The investigation from Weinerâ€™s office found that Cash4Gold paid out pennies on the dollar for gold and had a deceptive return policy.
WHO: Representative Anthony Weiner (D-Brooklyn and Queens)
James A. Kohm, Associate Director, Bureau of Consumer Protection, FTC
Charles Bell, Programs Director, Consumers Union
Cecilia L. Gardner, Esq., Chief Executive Officer, Jewelers Vigilance Committee
WHAT: Hearing on Weiner Legislation to Regulate Deceitful Mail-Order Gold Buyers
WHERE: 2322 Rayburn House Office Building, Washington, D.C.
WHEN: 1:00 p.m. Thursday, May 13
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