Tag: Phantom Silver

Class-action suit accuses UBS of Charging Storage Fees On “Phantom” Silver.

Class-action suit accuses UBS of Charging Storage Fees On “Phantom” Silver.

In 1984, Michigan resident Laurin Ramsey purchased 10 pieces of 100 ounce pure silver bars from the Swiss bank UBS or its Paine Webber subsidiary. Ever since, he had paid $25 per month for storage fees. A few years ago, he tired of paying the storage fees and contacted the bank to arrange delivery. Instead […]

By April 2, 2011 2 Comments Read More →
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