About
Important information
- Believed to be out of business:According to information in BBB files, it appears that this business is no longer in business.
- Government Actions:Government Action: BBB reports on known government actions involving business’ marketplace conduct:Washington Department of Financial Institutions Securities Division vs. BMC Worldwide Inc
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.
Business Details
- Local BBB:
- BBB Great West + Pacific
- BBB File Opened:
- 3/13/2014
- Business Started:
- 2/17/2009
- Business Started Locally:
- 2/17/2009
- Type of Entity:
- Sole Proprietorship
- Alternate Names:
- Liquid Assets
- Liquid Assets Jewelry
- Liquid Assets Recordz
- Liquid Assets Records
- Filthy Fresh Apparel
- Business Management:
- Mr. Aaron Scott, Owner
Additional Contact Information
- Principal Contacts
- Mr. Aaron Scott, Owner
- Customer Contacts
- Mr. Aaron Scott, Owner
- Additional Phone Numbers
- Other Phone: (888) 423-3688
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
- Coin Dealers, Jewelry Stores, Precious Metal Dealers, Music Store, Fashion Accessories
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.