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  • Loan Scam Using A Mississippi Address

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    Stone County Enterprise, 5/26/10

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    Loan Scam using a Mississippi address

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    Stone County Enterprise, 5/26/10

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    16 views1 page

    Loan Scam Using A Mississippi Address

    Uploaded by

    bmoak
    Stone County Enterprise, 5/26/10

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    MAGNOLIA

    CLIPPING SERVICE

    (601) 856·0911 I (205) 758.8610


    STONE CO ENTERPRISE

    WIGGINS, MS

    Circulation =2881
    WEEKLY
    05f26/2010
    1111111111111111111111111111111111111

    Loan Scam using ·a

    Mississippi address

    ?-1SD
    Ridgeland, Miss., May 20, (often to Madrid. Spain),
    2010 - Consumers from that no loan is forthcom­
    across the nation have ing. Typically, consumers
    been calling the B~er have paid funds up-front
    Business Bureau (BBB) as "collateral", and then
    Serving MississipPi about are called back requesting
    .m apparent,advance-fee additional payments
    loan scam which is using because of credit issues, or
    the address of a dO'wnWw:n in some cases, problems
    Jackson, Miss:building, with "foreign investors". I
    but investigations have Consumers report losing as
    determined that the much as $5,500.00
    address is false. Detective Martin Cohan,
    A company called a cybererimes investigator

    Boardwalk Capital Funding with the Peabody. Mass.

    has been soliciting loans police department, began

    over the Internet, allegedly investigatiI,lg the company

    from an offiee loeated at recently after being con­

    200 South Lamar Street in tacted by a consumer. He

    Jackson. Investigative noted that the company's

    efforts have determined website, www.board­

    that mail cannot be deliv­ walkcf.com, was registered

    ered since there is 110 such to a California company,

    company at that address. but ultimately leads to an

    Furthermore, Parkway address in the

    Properties, which owns the Netherlands. Cohan

    , building, has confirmed believes the scammers are


    that no such company is a operating from Canada.
    tenant in the building. "Consumers should know
    A number of cash­ that advance fee loans are

    strapped consumers have illegal, and as soon as you

    applied for loans with wire funds, you have lost

    Boardwalk Capital the money," said Bill

    :Funding, and report \\iring Moak, President of the

    funds, then being hit up BBB Sening Mississippi.

    again when alleged "prob­ If you have been victim­

    lems" come up 'with the ized. the BBB advises con­

    loan applications. sumers to report it imme­

    Consumers repOli paying diately to the local police,

    funds up-front to start the or to state or federal "

    paperwork for loans, but authorities.

    have found that after

    wiring thousands of dollars For more information on

    I1dvancefee loan scams,


    visit the Federal Trade
    Commission's website at
    http://bitly/bXwO'I.

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