Saturday, February 19, 2005
CREDITWRENCH falsely claiming to be incorporated
The use of the term CREDITWRENCH Inc., implies that CREDITWRENCH is incorporated under the terms of the Oklahoma General Corporation Act. However, the Oklahoma Secretary of State does not show any such corporation registered.
So what does this mean? For one thing, it is a misdemeanor under Oklahoma statute to purport to be a corporation when it isn't registered as such. So no big deal, other than it's still a criminal act.
However, CREDITWRENCH CEO Bill Bauer is probably unaware of the more serious consequences of his falsely claiming CREDITWRENCH to be incorporated.
According to Oklahoma Statute:
So what does this mean? For one thing, it is a misdemeanor under Oklahoma statute to purport to be a corporation when it isn't registered as such. So no big deal, other than it's still a criminal act.
However, CREDITWRENCH CEO Bill Bauer is probably unaware of the more serious consequences of his falsely claiming CREDITWRENCH to be incorporated.
According to Oklahoma Statute:
Any corporation, association or organization whose right to do business shall be
thus forfeited shall be denied the right to sue
CREDITWRENCH, as an entity, has no legal standing in a court of law; CREDITWRENCH can't sue squat.
Additionally:
Every contract entered into by or in behalf of such corporation, association or
organization, after such forfeiture as provided herein, is hereby declared to be
voidable.
He cannot legally enter into a contract with anyone for anything. Including his credit repair scam which he is now promoting as a work at home scheme as well.
CREDITWRENCH claiming to be incorporated when he is not is false, misleading, and is a criminal offense.
Next we'll discuss his illegal claim that CREDITWRENCH is registered® with the USPTO
