Collectibles
The Bradford Exchange, Ltd.Headquarters
About
This business has 1 alert
Important information
- Additional Info:On May 14, 2007 the Better Business Bureau was notified of the circulation of what are believed to be fraudulent checks being sent to consumers and bearing The Bradford Exchange name. The checks in question are included with a "prize notification" letter, and allege that the consumer receiving the correspondence is a winner of a large sum of money. The BBB would like to advise consumers that this type of offer is not legitimate and is a new version of the Check Scam, where a consumer receives a check, is instructed to deposit it, and then requested to forward fees for "taxes" or "processing fees". There are in fact no funds behind the check, and the consumer subsequently forwards his or her own money to the outfit requesting it.
The Bradford Exchange is not affiliated with the correspondence or its sender in any way. The entity who is issuing these letters and checks is misrepresenting and misusing the company's name, address, and identity.
Consumers are encouraged to send the fraudulent solicitation letters to their local Postal Inspection Service Branch. To find the location nearest you, please go to http://www.usps.com/ncsc/locators/find-is.html and type in your city and state or zip code. After doing so, you will be given the appropriate location and phone number that you can contact.
For Chicago and local residents, please go to:
433 W Harrison St FL 6
Chicago, IL 60699-0002
Phone : 312-983-7900
Fax : 312-983-6300 - Government Actions:Government Action: BBB reports on known government actions involving business’ marketplace conduct:Bradford Exchange Consent Order
On February 10, 2021, the business entered into a Consent Order with the State of Minnesota Department of Commerce. The Consent Order settles allegations that the business conducted bullion product transactions with Minnesota consumers in
amounts substantially exceeding statutory thresholds, without having first registered with the Minnesota Department of Commerce. Under terms of the Consent Order, the business agreed to civil penalty in the amount of $7,500 and cease and desist from violating any laws, rules, or orders related to the duties and responsibilities entrusted to the Commissioner under Minnesota Statute Chapters 45 and 80G. The Consent Order was for settlement purposes only and should not be considered as an admission of guilt or finding of violation of the law.
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