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This Business is not BBB Accredited

Broad Financial Services

Phone: (514) 561-6801 (Disconnected)Fax: (308) 404-88889750 Royal Ln Apt 1000, DallasTX 75231-1742 ! There is an alert for this business !

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BBB Accreditation

Broad Financial Services is not BBB Accredited.

Businesses are under no obligation to seek BBB accreditation, and some businesses are not accredited because they have not sought BBB accreditation.

To be accredited by BBB, a business must apply for accreditation and BBB must determine that the business meets BBB accreditation standards, which include a commitment to make a good faith effort to resolve any consumer complaints. BBB Accredited Businesses must pay a fee for accreditation review/monitoring and for support of BBB services to the public.

Reason for Rating

BBB rating is based on 13 factors. Get the details about the factors considered.

This business has no rating because it is out of business.

According to reports from consumers, this scheme sends letters offering work as a mystery shopper and encloses a check. Consumers are told to deposit the check and then send most of the money by wire transfer, supposedly to a training agent. However, the checks sent by this company turn out to be counterfeit, and consumers who send money as instructed find that they have lost money.

Customer Complaints Summary

0 complaints closed with BBB in last 3 years | 0 closed in last 12 months
Complaint TypeTotal Closed Complaints
Advertising / Sales Issues0
Billing / Collection Issues0
Problems with Product / Service0
Delivery Issues0
Guarantee / Warranty Issues0
Total Closed Complaints 0

Additional Information

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As general information, the Better Business Bureau warns against fake check schemes. For example, some letters claim the recipient has won a lottery; others claim the recipient has been selected to work as a "mystery shopper"; and still others claim that the recipient will receive a grant or some other big payoff.

The letters include checks along with instructions to deposit or cash the check and send most of the amount as directed. Usually the victim is told to send the money by wire.

BBB warns consumers not to wire the money as directed, because the checks are phony. Even though the checks look genuine and may even be accepted at first by a bank or wire service, the checks are counterfeit. Consumers who send the funds as directed end up losing their own money.

There are many variations of fake check schemes, and such schemes are so prevalent that the U.S. Postal Service has launched an awareness campaign to warn the public. To learn more, visit www.fakechecks.org.

BBB offers these tips:

* Do not rely on the money until the funds have been finally collected by your financial institution. Funds "availability" is not good enough.
* If you have any questions about whether a transaction is legitimate, talk to your bank or credit union.
* If you have received a phony check but did not lose money, you can discard the material. If you actually lost money to a fake check scheme, report it to the Attorney General's office in your state or to:

United States Postal Inspection Service
http://postalinspectors.uspis.gov/
1-877-876-2455
CRIMINAL INVESTIGATIONS SERVICE CENTER
ATTN: MAIL FRAUD
222 S. RIVERSIDE PLAZA STE 1250
CHICAGO IL 60606-6100

According to information in BBB files, Broad Financial Services has no connection to Broad Financial LLC of Monsey, New York.

This scheme sends letters claiming to offer work as a mystery shopper. However, this is not a true offer of employment but is a scheme to get consumers to send money.

BBB file opened: 09/25/2008
Contact Information
Principal: Mike Adams or Freda Willi
Business Category

Financial Services

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BBB Reporting Policy

As a matter of policy, BBB does not endorse any product, service or business.

BBB Business Reviews are provided solely to assist you in exercising your own best judgment. Information in this BBB Business Review is believed reliable but not guaranteed as to accuracy.

BBB Business Reviews generally cover a three-year reporting period. BBB Business Reviews are subject to change at any time.