RIP OFF (419 advance fee scam)

A person in my church was milked for over $3000 It is a total scam playing on people in need. after the initial email contact they were promised a loan at 3% (with their bad credit this was amazing) see initial email below --------------------------- From: "Moneytree And Business Co." Reply-To: info.generalfinance09@***.com Date: Sun, 23 Oct 2011 10:15:53 +0200 Subject: Loan Update ATTENTION !!! Here is a possible means of getting a loan at 3% interest rate. Moneytree And Business Co. is an authorized private loan company which has it's aim in rendering financial services to people all over the world. We are located at the United states of American and We offer both secured and unsecured loans to individuals, firms and cooperate bodies all over the world with an affordable interest rate. Do you seek financial help in boasting your businesses or raising your standard of living? Then make Moneytree And Business Co. your loan company today as we are determine to give our clients the very best of our services. ==================== U.S.A Main Office ==================== Dr. Christopher Weissert 6720 Fort Dent Way Ste 230, Seattle, WA USA Moneytree And Business Co. Tel: 206-317-**** Fax:206-338-****
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1 comment
#887548

Is this a complaint or an Ad??? >.

ID
#474429 Review #474429 is a subjective opinion of poster.
Location
Moncton, New Brunswick
Loss
$3000
New Reviewer

Lending Scam Ripoff-- Stole $790.00

Update by user Oct 30, 2013

The $790.00 was for the Transfer Fee to receive the Loan(10,000.00) from the Company. Then wanted $2,000 to activate some Etc.....

I was drawn in, and YIKES.......

Original review posted by user Oct 26, 2013
From: Moneytree And Business Co. To: gsonphillips@***.net Sent: Wednesday, October 9, 2013 5:42 PMSubject: About Loan Attn: Dear Customer,We have received your request, Moneytree And Business Co. will bedelighted to help you. we are private loan lender fully registered inthe united states, we offer loans at a very cheaper rate of 3%interest rate per annual, unlike the bank which gives out loan of6-10% interest rate, our loan is to help people both with good and badcredit secure loans at a very cheaper interest rate of 3% and as wellthere is a possible means you can received your loan sum if approvedby the Board of Directors of this company. we offer both secure andunsecured loan.We have offered loans to both private individuals and cooperatebodies all over the world in the past without any form of problems. weoffer loans to both private individuals and cooperate bodies with goodand bad credit.Our Loan monthly payment is calculated based on the preferred loanamount and duration chosen by you, which is included in our loanapplication form and will be sent to you shortly. We insure loans andensure it gets to our customers all around the world at their neededtime. also for the benefit of our customers our loan repayment begins2 months after loan has been transferred to our various customers.Further more, this organization was founded with the sole aim ofassisting people with low credit state as well as those who seeksfinancial help in rejuvenating their business and boasting theirfinancial capability.It has being our aim in serving people all over the worldfinancially there by creating room for good relationship andunderstanding between our staffs and our various clients.We look forward in serving you best. Regards,Dr. Bruce Wester2226 Reagan ave,Rock Springs, Wyoming. USATel: 307-352-****Fax: 307 212 ****Moneytree And Business Co.----------------------------------- gsonphillips@***.net Okay On 10/10/13, gsonphillips@***.net wrote:> Dr. Bruce Wester,>> I am in total agreement with the Moneytree Loan Terms.> You may fax the Loan Agreement to me; 305.945.2921>> Gregory Phillips> USN, Retired>>> ________________________________> From: Moneytree And Business Co. > To: gsonphillips@***.net> Sent: Thursday, October 10, 2013 4:29 PM> Subject: Loan Repayment Terms, Condition And Mode Of Transfer>> Attn: Gregory,>> Interest Rates/Monthly Loan Repayment/Cumulative> Payments:>> This is to certify that the management of Money Tree And Business> company has decided to grant you a loan request of $10,000.00 after> much deliberation within the board of directors. first and foremost ,> We need your trust and co-operation, you shall have to sign an> agreement document if you are in agreement with this.> This company was established with the commercial objective of> becoming a permanent and sustainable institution supporting> individuals and also social enterprise sector. The Board Of Directors> have also insisted you provide a next of kin, should in case there is> any form of unavailability by clients, e.g accident, death, health> abnormality etc.> In other to achieve this we set our fees, interest rates and terms> and conditions to cover our costs and protect our funds against> losses.> The management therefore has set up a couple of terms and> conditions with regards to the amount you requested for, the terms and> conditions are clearly stated below:>>>>>>>> Loan Balance: $10,000.00> Loan Interest Rate: 3.00%> Loan Term: 3 years> Minimum Payment: $0.00> Monthly Loan Payment: $290.81> Number of Payments: 36> Cumulative Payments: $10,469.24> Total Interest Paid: $469.24> Note: The monthly loan payment was calculated at 35 payments of> $290.81 plus a final payment of $290.89.>> LOAN> CONDITION> 1. Collateral Process: We usually require an equity based property as> collateral for Loan acquisition. you need to send us collateral for> this loan so that we may have the trust that as soon as we give you> this loan, you will pay back at the need of the terms .we do not> accept any other property type or kind due to the fact that some of> our customers have missed used this opportunity. they some times claim> to have properties and send us copies of ownership, and when they are> not able to pay back the loan and if we intend to claim these> properties we then find out that the properties belong to their> family, the family will then say they did not attest to the> transaction at first, so please you have to make sure that the> collateral's you are dropping belongs to you and not your family.>> 2. Non Collateral Process: This process requires you to send us a> scanned copy of your valid identity card for the loan of $10,000.00 so> that if you are unable to pay back the loan, you will be placed on the> media house by the bank ( Sovereign Bank, PA ) as most wanted person> which will paint wrong and bad image about you.>> (ID ATTACHED)>>> MODE OF TRANSFER> 1. Bank to Bank Transfer: This is a kind of transfer that will require> you to send us your bank account information to enable us transfer the> loan to you via Bank.> this bank transfer will require you to pay $789.00 and the loan will> reflect in your account within the next 4hrs after the loan has been> transferred.>> Transfer to pay $789 from this account.> Financial Institution Routing Transit Number: > METABANK> 5501 S. BROADBAND LANE>> SIOUX FALLS, SD 57108-****> Account Number: > Account Type: Checking>>>> ----------------------------------------------------------------------------> Deposit Loan Account..> Information needed> for the bank to bank transfer> Name on Account...........Gregory Phillips.........................>> Financial Institution Routing Transit Number: > TD BANK, NA> TWO PORTLAND SQUARE> P.O. BOX 9540> PORTLAND, ME 04112-****> Account Number: > Account Type: Checking> Bank Phone: 1.888.751.9000>> 2. Courier Delivery Service: This is a kind of transfer where we will> have to issue a check to the delivery company so that they can deliver> the loan to you at your door step. If you choose this option, you will> be required to send us your real address and phone number where the> loan can be delivered and the delivery fee required is 779.00>> 3. Credit card Transfer: This is a kind of transfer were you will not> have to pay any fee, it is absolutely free, all that is required is> for you to make provision of> your credit card information and we shall have the bank transfer your> loan to you via credit card transfer which you will not have to pay> any fee ( this option is only applicable for loan seekers in United> State Of America and ensure it is a not a Debit Card)>> NOTE: The company will not take the responsibility of paying for> either your bank to bank transfer charges or your courier delivery> charges>>> Loan refund:> The loan must be refunded back to the company at the end of the> period the loan seeker is seeking the loan without any delay, because> postponement during repayment> might cause the company to demand an extra fee, depending on the> period elapsed. For this reason, we are giving a maximum duration of (> 1.5 years ) to you so that you> will be able to repay the loan within that period. You are to note> that repayment starts ( 2 months ) after receiving the loan. And you> are required to make a Monthly> repayment, this is done because we do not want a situation whereby you> are not able to meet up with the Yearly payment. We will provide you> our account which you will be making the monthly payment after ( 2> months ) of receiving the loan.> You are hereby advised to get back to us with your best choice in> these options above as soon as possible so we can send you an> agreement document which you are expected to sign and thereafter your> loan will be delivered to you depending on your choice of delivery.> NOTE: For the expedite and a step forward in this transaction you are> expected to get back to us as soon as possible.>>> Regards,> Dr. Bruce Wester> 2226 Reagan ave,> Rock Springs, Wyoming. USA> Tel: 307-352-****> Fax: 307 212 ****> Moneytree And Business Co.
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3 comments
#791857

Never a good idea to do business with people that can't write proper English.

And no, you would not have gotten your 10K if you paid them the transfer fee. 100% scam, just like the Nigerians

#791851

Thank you. I just called this person and was going to email him.

When I saw the 01 in the email name I started to wounder and found your post. You just saved us a lot of trouble, thank you. I hope they catch him. here is his newwst info below.

Can the TD bank not help you?

contactus.com01@***.com

Dr.

Bruce Wester

2226 Reagan ave,

Rock Springs, Wyoming. USA

Tel 1: 307-257-**** Tel 2: 307-352-**** Fax: 307 212 **** Ocean Finance And Business Co.

#791934
@PissedConsumer791851

TD Bank will and cannot do a thing. They just warned me about scams.

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ID
#454304 Review #454304 is a subjective opinion of poster.
Location
Miami, Florida
Loss
$790

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