- Report: #156204
Report - Rebuttal - Arbitrate
Complaint Review: Michael J Palmer
Michael J Palmer2565 Broadway, #576, New York,, New York U.S.A.
Michael J Palmer ripoff Secret Banking System scam New York, NY New York
*Consumer Suggestion: Money For Nothing
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Dallas, TX, March 18, 2003 -- More than 1,100 consumers have contacted the Better Business Bureau in Dallas since October, 2002, to ask about letters from Michael J. Palmer, Inc., 1920 Abrams Pkwy., #18, Dallas. The company is offering for $20 a "Secret Banking System" for "opening a bank account to make a guaranteed $5,000 per month".
The catch? It appears the "secret" is a false claim that by opening a bank account and then writing checks in ever-increasing amounts back and forth to a second account, one builds up a line of credit larger than the original deposit. Such a "secret" banking system is being offered through similar letters under the same name, but from a New York City address. That business operates as Brian Douglas, Inc., and also as Michael J. Palmer, 2565 Broadway, #576, New York.
The BBB in New York City reports that customer complaints on Brian Douglas, Inc. and Michael J. Palmer, Inc., in New York allege non-delivery of ordered merchandise (the operating manual for the "secret" banking system), failure to provide refunds or adjustments, and dissatisfaction with the material received. There have been 71 complaints in the Bureau's three-year reporting period. The company has an unsatisfactory record with the BBB in New York due to failure to eliminate the underlying cause of complaints.
The Better Business Bureau advises that wishing won't make it so -- there is no "secret" banking system.
This report was posted on Ripoff Report on 09/07/2005 01:59 AM and is a permanent record located here: http://www.ripoffreport.com/r/Michael-J-Palmer/New-York-New-York-10025/Michael-J-Palmer-ripoff-Secret-Banking-System-scam-New-York-NY-New-York-156204. 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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