KB-
I would suggest you send back the reel as you will most likely get a new in box Corsair. Your next step is to find a (gullible) shop that will take it on credit and trade you for tackle or something else over the counter.

I've heard that Outdoor Emporium has done this to it's customers in the past so it is worth a shot. Or you will just have to take your lossed and sell it on Ebay and hope you get $40 out of it.