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Another warning issued to Corporate Records Service for seeking bogus fees


MADISON, WI (WTAQ) - A company that settled a Wisconsin lawsuit last year for getting 73,000 businesses to pay fees to file bogus government forms is apparently at it again.  

The state Department of Financial Institutions issued a warning Tuesday against the Corporate Records Service, which is also known as the Mandatory Poster Agency.  

This time, the state said the company is trying to get firms to pay $125 to prepare official looking corporate consent records which are not actually required to be filed.  

The Milwaukee Journal Sentinel said it received a copy of the latest bogus form -- and it asks for the names of company stockholders, officers, and directors. The paper said the form cites several Wisconsin laws for insisting that the document be filed -- but the laws are based on records which are out of context.

Last year, the same records firm was accused of convincing businesses to file bogus forms about the minutes of their annual meetings.  

The defendant agreed to settle its case by paying almost $130,000 in fines, and to refund the $125 filing fee to those who paid it.

(Story courtesy of Wheeler News Service)