Bassett Furniture Under Investigation For Fraud

Posted by MCC on October 28th, 2008 at 04:14am

The going out of business sale held by Bassett Furniture that ended in August is now under investigation by local police. They’re trying to find out if the well known furniture company committed fraud during the sale.

Department of Argriculture, Trade and Consumer Protection office manager, Bob Zaspel said they’ve received over 40 complaints already and are still getting calls. He said some of the purchases were as much as $10,000 to $15,000, but until all the complaints are filed there’s no way of knowing the total amount.

Customers who paid for items during the sale have never received the items they purchased. A memo received by police states that although David Ewald, the owner of the failing company had a liquidator handling the sales of the remaining products, he sold the same products himself!

Once the going out of business sale was over, the liquidator gave Ewald the money from the sales and he quickly left town! Neither the money or the furniture has made it into the hands of the customers. The police department in Grand Chute is urging anyone that made a purchase and didn’t receive their items to file a complaint.

Under Furniture News