• Report: #415569

Complaint Review: Broadcast Store

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  • Submitted: Sat, January 24, 2009
  • Updated: Mon, October 12, 2009

  • Reported By:tarzana California
Broadcast Store
9420 Lurline #C Chatsworth, California U.S.A.

Broadcast Store ,BCS Company bankrupts itself and reemerges under new Corp shell stealing your money or equipment Chatsworth California

*REBUTTAL Owner of company: Broadcast Store, Inc does not exist.

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Broadcast Store has once again emerged out of yet again, another fake bankruptcy after stealing equipment and money from unsuspecting clients who deal with them based on the years and years of seeing their ads and knowing the company from years ago when it was a good solid legit company to do business with.

After the latest bankruptcy they company moved from Glendale to Chatsworth CA and announced it's under new management. JP Claude is the son of Lou Claude who founded BCS. Lou is still running the business with his scrupulous business practices but hiding behind his sons name who has no idea how to run any business.

The manufacturers and other people in the business have confirmed that it is Lou Claude running BCS.

In 2001 Lou Claude fraudulently bankrupted BCS after about $4 million dollars of company assets vanished and I was told by reliable sources, taken out of the country. Lou Claude is not a US citizen. Prior to the bankruptcy Lou Claude the sales staff at a meeting that he wanted to increase the consignment inventory as high large as we could to fill the shelves. Equipment came in and PO's or consignment contracts were written by the dozens. The morning of the bankruptcy being filed in court was the first time the sales team knew what was going on and all the equipment brought into the store was now property of BCS by default courtesy of the US Bankruptcy Court.

BCS owned the building they were located in. Days before the court filing the building was transferred into a new Corporation owned by Lou Claude's wife to protect the building from the Court. During the time period of the bankruptcy Lou was able to pay himself $20,000.00 a month as "rent" to his other Corporation holding the building. Not a bad income when you've now screwed your employees, venders and clients.

BCS was bought out of bankruptcy by Lou Claude for a few 100,000 a few years later and a new bankruptcy was filed in May 2008. This time it was not filed in the US Court probably because it would have not been allowed or because it would have sent up flags. Instead it was handled through a business mitigation firm that distributes "assets". Of course BCS had no assets because the building was in a different Corporate name and all the good equipment was removed from the shelves and probably "stored" in the warehouse that now houses the "new" BCS. If you look at their website and have followed the new BCS and the old BCS, you'll see many of the same items still available for sale.

Don't be taken by Lou Claude or BCS / Broadcast Store. Don't believe for one moment that BCS is under new ownership or management. It's the same old game by the same player only now he's hiding behind his son's name.

Barry
tarzana, California
U.S.A.

This report was posted on Ripoff Report on 01/24/2009 03:23 AM and is a permanent record located here: http://www.ripoffreport.com/r/Broadcast-Store/Chatsworth-California-91311/Broadcast-Store-BCS-Company-bankrupts-itself-and-reemerges-under-new-Corp-shell-stealing-415569. 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.

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REBUTTALS & REPLIES:
0Author 0Consumer 1Employee/Owner
Updates & Rebuttals

#1 REBUTTAL Owner of company

Broadcast Store, Inc does not exist.

AUTHOR: anonymous - (USA)

This company does not exist. JP Claude, INC purchased various items and intangibles during the liquidation auction of Broadcast Store, INC. JP Claude, INC is using a DBA of BroadcastStore.com since the website was purchased and updated for this exact reason. JP Claude, INC also has two other DBAs in use. Lou Claude is currently helping Jean-Paul Claude with the launch of his company.

Though the truth is that Jean-Paul Claude opened shop in Chatsworth, the rest of the statement by Barry is false information meant for the sole purpose of slander. Barry is an ex employee Broadcast Store, INC and left under poor circumstances.
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