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State Attorney General reaches settlements with shell companies

Mar 13, 2014 - From staff reports

CHEYENNE -- The Wyoming Attorney General has reached settlements with companies that were registered in Wyoming, or claimed to be headquartered in Wyoming, but were actually operating in other states.

The companies were under investigation due to the "business opportunities" they claimed to sell.

Consumers were told they would make money processing credit cards. They were then sold thousands of dollars in "leads" that typically yielded no profit. The companies and their owners agreed to reimburse consumers for more than $100,000.

The Wyoming Attorney General's Consumer Protection Unit also investigated seoworld

wide.com, LLC for potential violations of the Wyoming Consumer Protection Act in connection with providing services related to website development and search engine result placement. The company and its owner agreed to reimburse consumers in the amount of $17,000.

Worldwide Points Solutions, LLC and American Points Exchange, LLC were being investigated after complaints about misrepresentations related to the purchase of timeshare points were made to the Wyoming Attorney General's Office. The companies paid roughly $18,000 in refunds to consumers.

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