Report: #156204

Complaint Review: Michael J Palmer

  • Submitted: Wed, September 07, 2005
  • Updated: Sat, July 14, 2007
  • Reported By: Chico California
  • Michael J Palmer
    2565 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

Show customers why they should trust your business over your competitors...

Michael J. Palmer's Secret Revealed

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.

Delores
Chico, California
U.S.A.
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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/reports/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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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Updates & Rebuttals

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

#1 Consumer Suggestion

Money For Nothing

AUTHOR: Bonnie - (U.S.A.)

I received a mailing today that sounds a lot like the one Delores has described with a few exceptions. For one, this guys name is Bill Jackson.

It's titled "MONEY FOR NOTHING!" (we all know what that means. If it sounds to good to be true, it probably isn't true at all) "Secret Flaw In The Banking Industry Allows You To Make Up To $1,000,000 Or More Starting With Almost Nothing...Just Making Simple 20-Minute Transactions Every Day!"

He's asking $39.95, guanteed or your money back.

It also states to, "Send your order to: Wealth Research, 233 SW Greenwich Dr. #140, Lee's Summit, MO 64082, Not available in SD. (c) 2005 All Rights Reserved. Results will vary, Income examples used for illustative puposes only. Another indication that it's a LIE!

It was marked on the outer (mailing section), return address from...
Financial Disbursement
Approval Department No. 79-2701...
The stamp section is marked...
PRSRT STD
U.S. POSTAGE
PAID
KANSAS CITY, MO
PERMIT #1018
The bottom stated "Urgent Financial Information for Addressee Only"

Delores also mentioned "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."

I suspect the failure to eliminate underlying cause of complaints is because they are operating out of Canada. Refer to my ripoff report dated 7/3/07, titled "PC One Club, Regency Benefits Group, Liberty First Financial, CCR ripoff, Mail fraud, I've reported them to the FTC, and local Police Stamped On Back Of Check St Paul, MN New York"

*UPDATE *UPDATE ..Something Fishy in Champlain, New York and Las Vegas, Nevada " Please be sure to read all of the updates that I supplied because I reseached a lot of information. You'll be in shock.

Buyers Beware,
Bonnie,
Orange Park, FL
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