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Magazine Scams

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Now I know that much as been made here of certain publishers, and their legitimacy, but I thought that this would be of interest. From Third sector (which is a subscriber piece, so I'm pasting it in)

High court closes charity scam

By David Ainsworth, Third Sector Online, 12 December 2008
Two companies raised £300,000 in the name of charity but kept cash
Two companies that tricked small businesses out of £300,000 by claiming to do charitable work have been wound up in the high court.

The two companies, Magnify Media and Sabretooth Media, asked small businesses to pay for magazine adverts, claiming the money would be passed to good causes.

But an investigation by the Companies Investigation Branch of the Insolvency Service found no evidence that the two Manchester-based companies had produced any magazines or donated any money.

It also discovered that the two companies were part of a wider network engaged in similar activity, although it said that accounting records were "wholly inadequate" to explain the income and expenditure of the companies.

The two companies were placed in compulsory liquidation on 3 December.

There are genuine companies out there, but there are also scammers - historically, many have been Manchester based.
This is simply a warning to let small businesses know that these scammers exist. These two companies won't be the last shut down by the authorities, so do be cautious out there.

GIB
for more info check out www.consumeractiongroup.co.uk . You'll find me there.
New Year's Resolution: Post less unnecessary posts. (and that was 2007)

yes, I realise I may appear cold and heartless a lot of the time.

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