states have already issued warnings against Compliance Services’ misleading
BBB has received reports that misleading
mailings from Compliance Services are showing up in mailboxes of businesses
across northwest Florida.
BBB Accredited Business Bullock-Tice Associates provided BBB a copy of the
deceptive solicitation they received.
Compliance Services currently
has an F rating from BBB. This rating means BBB strongly questions the
company’s reliability for reasons such as that they have failed to respond to
complaints, their advertising is grossly misleading, they are not in compliance
with the law’s licensing or registration requirements, their complaints contain
especially serious allegations or the company’s industry is known for its
fraudulent business practices.
For a $125
fee, Compliance Services claims they will prepare documents “to satisfy the
annual minutes requirement for your corporation.” However, when investigating
similar scams, the Florida Attorney General has stated that while the statutes
cited in these mailings do govern requirements for businesses to keep annual
minutes, the statutes do not require
that these minutes – not to mention the fee – be submitted to any outside
entity including the Secretary of State’s Office.
of the misleading nature of the mailings, the states of North
Carolina and Texas
have both filed temporary restraining orders against Compliance Services and
its principle officer Selwyn Monarch, alleging that the defendants “create the
impression that the corporations have violated or are about to violate state
law.” Included in the North
Carolina Attorney General’s complaint are warnings from at least six other
about deceptive mailings from Compliance Services and other similarly-named solicitations.
business owner who believes he has been a victim of this scam should call the
Florida Attorney General’s Fraud Hotline at 866.9.NO.SCAM.
For additional information and
advice you can trust as a business owner, start with bbb.org.