Preferred Platinum Services Network

Customer Complaints Summary Read complaint details

Additional Complaint Information

The complaints received by the BBB allege that the company refuses to pay any compensation for processing the postcards by the associates. When responding to the complaints, PPSN advises the BBB that, prior to paying the fee, consumers sign the Enrollment Form that discloses that the Home Based Business Opportunity program offers a commission only compensation plan. The company also states that the TERMS & AGREEMENT disclose all details and conditions, and that PPSN never guarantees any specific payment or weekly income simply for participating in the program. According to their policy, if there are any orders generated by the postcard mailed under the associate's PIN number, the associate will receive the appropriate commission check(s). Some consumers that contacted the BBB expressed concern that they provided all the personal identifiable information including date of birth, SS# and their bank account requested for an optional direct bank deposit for expected payments.

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• Government Actions

  Gov. Action
  In the law enforcement actions announced 02/17/2010, the FTC charged that Preferred Platinum Services Network and the husband-and-wife team who owned and operated it allegedly marketed a work-from-home scheme in which consumers were told they could earn significant sums by labeling postcards describing a non-existent product promoted by Preferred Platinum called "mortgage accelerator." Advertised in local pennysavers and newspaper classified sections, and at the defendants' Web site, the scheme touted earnings of up to $1 per postcard, as well as a 60-day money-back guarantee. Consumers paid an enrollment fee of $80 to $90, and they typically did not learn until later that they would have to pay $40 more for each additional batch of 100 postcards, according to the FTC complaint. At the same time this matter was filed, criminal authorities executed search warrants on the business and arrested the husband-and-wife team, charging each of them with one count of mail fraud. This case was filed in the U.S. District Court for the District of New Jersey. The court issued a temporary restraining order, followed by a preliminary injunction on February 16, 2010. Both individual defendants also have been indicted by a grand jury.

  Gov. Action
  New York, NY 02/17/2010- PREET BHARARA, the United States Attorney for the Southern District of New York, and RONALD J. VERROCHIO, the Inspector-in-Charge of the New York Office of the United States Postal Inspection Service ("USPIS"), announced that PHILIP PESTRICHELLO and ROSALIE FLORIE, husband and wife, were arrested today on charges of running a "work-at-home" scheme that defrauded consumers nationwide and netted them more than a million dollars. Numerous consumers around the country have complained to federal and state authorities, and to the Better Business Bureau, about being defrauded by PPSN. PESTRICHELLO and FLORIE are each charged with one count of mail fraud. This case is being prosecuted by the Office's Complex Frauds Unit. Assistant United States Attorney LISA ZORNBERG is in charge of this prosecution.

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• Advertising Review

  This business has a history of violating BBB name and logo policy and has falseley stated BBB accreditation or referenced the BBB name in an unauthorized manner, despite BBB's efforts to alert the company. Misuse of the BBB trademark constitutes trademark infringement and is a violation of trademark rights of the Council of Better Business Bureaus, Inc.

  What is BBB Advertising Review?