12 WORKING FOR YOU: guy loses cash in online loan scam

12 WORKING FOR YOU: guy loses cash in online loan scam

RICHMOND, VA (WWBT) – Scammers have come up with a classy scheme to take from people trying to get crisis money through a business providing services for a loan that is payday.

If you need to send cash to borrow funds, it is a bad move. Jacob Coker saw many warning flags, he claims, after he had been taken for $420, looking to get a $2,500 pay day loan.

This scam hurt numerous victims, including a reputable internet company and a bank.

We trapped with Jacob Coker at their work. Coker made a judgement that is bad, he claims, as he requested an on-line cash advance through many different organizations. He’s uncertain where in fact the scam originated.

“He explained on me, ” said Coker that I was scammed and then he hung up. “He stated he had been representing Elite Cash Wire and he ended up being telling me personally I happened to be scammed by a worker. “

EliteCashWire.com is a marketing agency – maybe not just an institution that is financial.

Individuals are matched with a cash loan loan provider. Read more