Scamming unfortunately has become a global norm in today’s society, from the PPP Loan scam we saw throughout the pandemic to decades of ongoing housing fraud that cost many aspiring tenants and homeowners severe financial loss.
One Chicago man cooked up an elaborate scheme that tricked two sisters out of $36,000 in cash collectively by using Cook County’s CEDA and GRAMMY-winning rapper Chance The Rapper as pawns in his diabolical plan.
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CBS interviewed sisters Ibi and Lulu Cole, both successful Black businesswomen in finance, about an ordeal they went through back in January that started as a casual conversation about cars and ended with creditors inquiring about declined payments. Lulu was the one who first came in contact with the man, who claimed to be in partnership with the CEDA and Chance the Rapper in an effort to help people pay their bills. Although she initially turned down his request to give away $600,000 by the end of the day, she eventually gave in to his coercion and let him pay a phone bill.
After his $350 payment of her T-Mobile bill seemingly went through, she went a step further and let him pay off her $45,000 mortgage on a house in Roseland. She describes being “floored” after that was also confirmed as paid by Wells Fargo….
