Doug Cornelius on compliance for private equity real estate
A vigilant reader in North Carolina received an “Annual Minutes Requirement Statement” from Corporate Compliance Services. We have seen a similar scam in California, Colorado, Florida, Georgia, Indiana, Illinois, Massachusetts, Montana, New York, Ohio, and Texas. The very official document cites North Carolina General Statute §55-16-01(a) with the requirement that a corporation must keep a … Read more »
. . But some of the perpetrators may have been caught. California California businesses have recent reports. The scam seems to have been operating in California for years. Colorado There are reports of the scam in Colorado: State Corporate Compliance fraud. The Secretary of State is also getting complaints about the Colorado Compliance Recorder: Updated … Read more »
Just like the Corporate Compliance Fraud in Ohio, Compliance Services is also targeting companies in Georgia, Florida and Massachusetts. The Daily Citizen is reporting Georgia corporations warned about solicitations. The Georgia Secretary of State issued a warning: “Several corporations registered with the Corporations Division of the Office of the Secretary of State received a letter … Read more »
The Cleveland Plain Dealer is reporting a fraud that uses the cover of corporate compliance: ‘Corporate Compliance’ form not from any government agency. According to columnist Sheryl Harris, businesses are receiving official-looking mailings with a form requesting a $150 fee to comply with the annual meetings under state law. As the story points out, not … Read more »