Police are warning residents about a Wall Street Journal renewal scam that is being sent to people in the area.
West U police are warning residents about a Wall Street Journal scam that is happening in the area.
A resident reported to police on Oct. 20 that he received a Wall Street Journal subscription renewal notice in the mail but it turned out to be from a third party.
The man, who is a subscriber to the Wall Street Journal, sent in $249 for the renewal and never received his papers.
The company who sent the notices is a third party who is not directly related to the Wall Street Journal, police said.
The Better Business Bureau has received 162 complaints filed against a company called Publishers Billing Exchange for everything from deceptive sales practices to theft. Publishers Billing Exchange is not an accredited BBB business and has a rating of F on a scale of A+ to F.
Police said the renewal notice looks legitimate and appears to come from a major newspaper or magazine, but in small print it says it comes from a third party.
The business also goes by the following names:
• Readers Payment Service
• Mail Processing Dept
• Orbital Publishing Group
• PBE
• Magazine Payment Services
• Publishers Periodical
• Publishers Billing Center
• National Magazine Service
• National Magazine Services
• Magazine Distribution Service
• MDS
• United Publishers Services
The BBB in Sparks, Nevada is handling complaints. To report a complaint about this company, call 775-322-0657.
The Texas Attorney General’s office will be investigating this incident for consumer protection.
