ALBANY, N.Y.—New York State business owners were alerted of a scheme targeting corporations on Monday.
Businesses are receiving misleading notifications through the mail advising them of their corporate responsibilities and requesting a processing fee for providing a service that they are led to believe is required by New York State law.
“My administration will not tolerate anyone who tries to swindle New York’s businesses, and I urge any companies that receive these notices to report them to the State’s Division of Consumer Protection. We will work aggressively with law enforcement agencies to prosecute any instances of fraud against New York businesses,” said Governor Cuomo.
The document, titled 2014 Annual Corporate Minutes, selectively quotes sections of New York’s Business Corporation Law regarding a corporation’s obligations to hold annual corporate meetings and maintain corporate records. The official-looking document asks the recipient to send $125 to the “Dept. of Business and Compliance” to fulfill their corporate obligations under New York State law.
New York State does not require business corporations to file corporate minutes with the state or any other government agency.
Businesses that have received these offers should report fraudulent activity to the Department of State’s Division of Consumer Protection at 518-474-8583 or www.dos.gov/consumerprotection
To find more information on corporate filing requirements, click here