Auto Listing Service
GetCarBids, Inc.Find BBB Accredited Businesses in Auto Listing Service.
About
Important information
- Government Actions:S-17-2248-18-SC01 – Daniel Langley; DGL Development, LLC; GetCarBids Inc. – Statement of Charges
The following describes a pending government action that has been formally brought by a government agency but has not yet been resolved. We are providing a summary of the governments allegations, which have not yet been proven.
On February 21, 2018 the Director of the Washington Department of Financial Institutions entered a Statement of Charges against Daniel Langley (“Langley”); DGL Development, LLC; and GetCarBids Inc. (“GetCarBids”) (collectively, “Respondents”).
In the Statement of Charges, the Securities Division alleged that Respondents sold at least $535,300 in GetCarBids stock to at least 28 investors, at least 21 of whom were Washington residents, to start an online car auction website. The Securities Division also alleged that Langley spent the majority of investor funds on his personal expenses, including spending at the casino. The Securities Division alleged that the offer and sale of these investments were in violation of the registration and anti-fraud sections of the Securities Act of Washington.
The Statement of Charges gave notice of the Securities Division’s intent to order Respondents to cease and desist from violating the Securities Act, and to impose fines and to charge the cost of the investigation. Respondents have the right to request a hearing on the Statement of Charges
For further information, contact the Securities Division of Washington Department of Financial Institutions at (877) 746-4334 or at www.dfi.wa.gov.
Business Details
- Local BBB:
- BBB Great West + Pacific
- BBB File Opened:
- 5/2/2018
- Business Started:
- 9/24/2015
- Business Incorporated:
- 9/24/2015
- Type of Entity:
- Corporation
- Alternate Names:
- Carbids.com
- DGL Development, LLC
- Business Management:
- Mr. David Langley, President
Additional Contact Information
- Principal Contacts
- Mr. David Langley, President
- Customer Contacts
- Mr. David Langley, President
- Additional Email Addresses
- Primary: Email this Business
Licensing information
This business is in an industry that may require professional licensing, bonding or registration. BBB encourages you to check with the appropriate agency to be certain any requirements are currently being met.
Additional Information
- Business Categories
- Auto Listing Service, Car Buying, Auto Consignment
More Resources
Featured Content
BBB Business Profiles may not be reproduced for sales or promotional purposes.
BBB Business Profiles are provided solely to assist you in exercising your own best judgment. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles.
When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints.
BBB Business Profiles generally cover a three-year reporting period. BBB Business Profiles are subject to change at any time. If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile.
As a matter of policy, BBB does not endorse any product, service or business. Businesses are under no obligation to seek BBB accreditation, and some businesses are not accredited because they have not sought BBB accreditation. BBB charges a fee for BBB Accreditation. This fee supports BBB's efforts to fulfill its mission of advancing marketplace trust.