BBB offers tips to help you avoid these scams: · Look for spelling and grammar errors in notifications. Typically, scam emails have both. · Avoid…
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Category: Loan Scams
Loan sharks target new victims via WhatsApp and Facebook | Scams
Local WhatsApp groups have been one of the silver linings of the pandemic, creating community ties and support networks. Yet loan sharks are increasingly using…
View More Loan sharks target new victims via WhatsApp and Facebook | Scams
Here’s how to avoid a personal loan company scam
Don’t get scammed. Watch out for these red flags and protect yourself. (iStock) It’s an unfortunate reality that most people will interact with at least…
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Lompoc business owner almost becomes victim to PPP loan scam
A Lompoc business owner is warning other small businesses after nearly getting caught up in a Paycheck Protection Program or PPP loan scam. Business has…
View More Lompoc business owner almost becomes victim to PPP loan scam
Hedge fund manager charged with $2.4m PPP loan scam
A New York City investment manager was charged last week with stealing more than $2.4m from multiple lenders by fabricating information on Paycheck Protection Program…
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3 Personal Loan Scams to Avoid
1. No-credit-check personal loans No-credit-check loans are appealing to borrowers with poor credit who may struggle to secure loans with legitimate companies. Some are so…
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Man Sentenced for Defrauding Nearly 1,700 Victims in $1 Million Small Business Loan Scam | USAO-EDVA
NORFOLK, Va. – A Virginia Beach man was sentenced today to 10 years in prison for his role in an internet-based loan scam that defrauded…
View More Man Sentenced for Defrauding Nearly 1,700 Victims in $1 Million Small Business Loan Scam | USAO-EDVA
Student Loan Scam Exposed After Man Arrested on Cyberstalking Charges
When arresting a man on cyberstalking charges, the FBI discovered he was operating a student loan scam. Jalon Carlos Torres was arrested after sending racist…
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If a stranger offers you student loan forgiveness, hang up
Student loan scammers have a brand-new hook: “Biden student loan forgiveness” or “stimulus forgiveness.” Behind the pitch is the same old fraudster playbook, one that…
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Justice Department Takes Action Against COVID-19 Fraud | OPA
The Department of Justice announced an update today on criminal and civil enforcement efforts to combat COVID-19 related fraud, including schemes targeting the Paycheck Protection…
View More Justice Department Takes Action Against COVID-19 Fraud | OPA