• Report: #662123

Complaint Review: BPS Worldwide Robert Malmud, Gary Shull, James Peterson

  • Submitted: Mon, November 15, 2010
  • Updated: Thu, November 18, 2010

  • Reported By: Anthone — Grover Beach California United States of America
BPS Worldwide Robert Malmud, Gary Shull, James Peterson
Cherry Hill, New Jersey New Jersey, New York,, California United States of America

BPS Worldwide Robert Malmud, Gary Shull, James Peterson Payment Alliance International, Fraudulent business practices California, New Jersey, New York, California

*UPDATE Employee: ....

*Author of original report: RETRACTION FROM THE AUTHOR

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I am a former independent contractor (agent) of BPS Worldwide which owned by Robert Malmud and Gary Shull. This company "sells" or contracts merchants with credit card processing services for several processors. I had to separate myself from these guys because I could no longer participate in the calculated and deceptive business practices that are a part of everyday business with BPS Worldwide.

Some of the specific things that they do is to Charge fees and make rate changes that the merchants have not agreed to, and with no notice. IF a merchant calls to complain, they will usually return the money, but they joke about the fact even if half of the merchants ask for a refund, they have still made a lot of extra money!!

Contrary to California law, BPS Worldwide is NOT registered to to business in California. Their primary agent in California is JAMES PETERSON.

If you now have JAMES PETERSON DBA California Merchant Services as your representative for merchant processing, you are at a very high risk of being taken advantage of. He has been arrested and convicted of FRAUD and been sent to prison. He took advantage of Merchants, took their money, and eventually got caught. However, Mr. Peterson is still out there, still taking advantage of unsuspecting business owners.

Robert Malmud, and Gary Shull have embraced Mr. Peterson, and his criminal background, and feel that it is a perfect relationship for their way of doing business.  

As for my involvement, I called out BPS Worldwide several times over the last year or so, and finally in July of 2010 I gave them a notice of my intention to NOT renew my contract which was set to expire on November 1, 2010. 

On October 25, 2010 I received a letter informing me that THEY were terminating my contract, and were not going to continue to pay me my residual income which they owed me (per our contract) for the next 3 years. They waiting until 5 days before the end of my contract, and have done the same thing to many other agents.

I suggest you also search this site under the names of California Merchant Services, or Tribul Merchant Services before you do business with any of the above listed people or companies. 

This report was posted on Ripoff Report on 11/15/2010 11:25 AM and is a permanent record located here: http://www.ripoffreport.com/r/BPS-Worldwide-Robert-Malmud-Gary-Shull-James-Peterson/New-Jersey-New-York-California-/BPS-Worldwide-Robert-Malmud-Gary-Shull-James-Peterson-Payment-Alliance-International-Fr-662123. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report.

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Updates & Rebuttals

#1 UPDATE Employee


AUTHOR: principessina - (United States of America)

This site is amazing....It lets you post anything that you want regardless of verifying any of the facts.

 It's funny, Pete, how you failed to mention why you were sent a letter stating that you would not be paid on your residuals. The reason being because you were supplied with leads from our company and for over nine months did not submit any new deals. You were asked on several occasions why you were not submitting new business and time and time again you came up with excuses.

Finally, we called back our leads and were appalled to find out that these customers actually did sign contracts with you....But we did not receive any of these contracts. You wrote them with another company that you work for. You took the leads that we paid for and supplied you with and wrote these customers under an entirely differen't company.

 It's amazing to me that you have the audacity to make up ficticious things and slander the names of those who were nothing but kind to you and generous enough to continue to supply you with leads even though you did not produce!

I see that you have written an apology below. You must have been advised by an attorney that defamation of character can cost you big time....

Hey, do you remember the name of the prostitute that you paid for sexual favors at our Las Vegas business conference a few years ago? Talk about shady business dealings....


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#2 Author of original report


AUTHOR: SMS - (United States of America)

I am the writer of the original report, and have requested that my report with regard to Robert Malmud and BPS Worldwide be removed. I was wrong in posting this report, and was angry at the time. I have since learned that the conditions in which I was led to believe did not actually exist, and I apologize for the statements,

I am hopeful that This entire report will be removed as requested by the site controllers in a very short time. 

Anthony L'Esperance
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