Business ProfileforBlue Moon Coins
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Additional business information
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 April 18, 2014, the Securities Administrator of the State of Washington issued a statement of charges and notice of intent to enter order to cease and desist and impose fines against respondents BMC Worldwide Inc. dba Blue Moon Coins, Aaron Scott, Jamaal Brown, Affordable Precious Metals LLC, and Liquid Assets Empire.
According to the statement of charges, respondents allegedly offered and sold precious metal bullion to investors all over the country and failed to deliver the precious metals. It is further alleged that the respondents violated the commodity transactions section of the Commodity Transaction Act of Washington, by selling a commodity contract that was not exempt under Washington state law.
The securities administrator intends to order that respondents, BMC Worldwide Inc dba Blue Moon Coins and Aaron Scott, shall be jointly and severally liable for and pay a fine of $50,000. Payments of the fine is to be deferred until the BMC customers receive their order or a full refund.
Additionally, the securities administrator intends to order that respondent Jamaal Brown, shall be liable for and pay a fine of $2,500.
On June 10, 2015, the State of Washington Department of Financial Institutions Securities Division entered into a consent order with respondent Jamaal Brown. Without admitting or denying these allegations, respondent agreed to cease and desist from violating the Commodity Transactions Act and agreed to pay a fine of $1,000. Respondent waived his right to a hearing and judicial review of this matter.
For more information, please contact the Securities Division of the Washington Department of Financial Institutions at (360) 902-8760 or http://www.dfi.wa.gov/securities.
At-a-glance
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Business Details
- Location of This Business
- 10350 N Vancouver Way STE 261, Portland, OR 97217-7530
- BBB File Opened:
- 5/1/2004
- Business Started:
- 1/1/2001
- 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.
- Type of Entity:
- Corporation
- Alternate Business Name
- IMD Dyslexic Marketing Inventions, Inc
- Kenny's Country Coins
- Internet Auctions
- Business Management
- Mr. Aaron Scott, President
- Contact Information
Principal
- Mr. Aaron Scott, President
Customer Contact
- Mr. Aaron Scott, President
- Additional Contact Information
Fax Numbers
- (360) 892-7453Primary Fax
Phone Numbers
- (888) 655-2646Other Phone
- (360) 253-5565Other Phone
- (360) 892-7453
Customer Complaints
0 Customer Complaints
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