Aylmer Financial Group
Advance Fee Loan Scam
March 31, 2009
The Washington State Department of Financial Institutions is warning consumers to verify the license of any lending professional they are considering doing business with to avoid becoming victims of potential scams.
Aylmer Financial Group appears to be conducting an advanced fee loan scam. Consumers should never pay money up front in order to obtain a loan.
How The Potential Scam Works
- “Aylmer Financial Group” claims to offer personal loans to borrowers
- Consumers are asked to submit an application containing their personal information, including bank account information
- Consumers are told that they are approved for a loan, but that they must submit a down payment via money gram before the loan funds can be deposited into their bank account
- In most cases, funds are requested from the consumer to be sent to a person in Canada
- Once the payment is made, no loan is provided.
Aylmer Financial Group has claimed to operate from the following location:
1521 Concord Pike, Ste. 304
Wilmington, DE 19803
Aylmer Financial Group does not appear to have a physical presence in Washington State. Aylmer Financial Group has provided the phone number 1-800-963-9161. That number is answered by an automated recording which states: “Thank you. Good bye.” Individuals working with this organization have used the name “Frank Mascini.”
There is no evidence that the company has ever been located at this address. Neither the Washington State Department of Revenue nor the Office of the Secretary of State show that Aylmer Financial Group is authorized to do business in Washington State, and the company is not licensed by the Department of Financial Institutions.
If You Feel You're A Victim
If you feel you have been a victim of a potential advance fee loan scam, please contact the Federal Trade Commission at 1-877-FTC HELP (382-4357), or online at www.ftc.gov. Also, victims should report their experiences to the Internet Crime Complaint Center at www.ic3.gov.