Washington State Department of Financial Institutions

Consumer Alert:
Blackrock Lending Group Scam

July 1, 2010

An alert from the Washington State Department of Financial Institutions.

About The Scam

Blackrock Lending Group advertises on the Internet, claiming to provide personal loans. Prior to approving the loan, the company asks for advance payments to be made. Consumers are told to wire funds and the consumers never receive their loans.

Company Not Authorized To Do Business In Washington

Neither the Washington State Department of Revenue nor the Office of the Secretary of State shows that Blackrock Lending Group is authorized to do business in Washington State, and the company is not licensed by the Department of Financial Institutions to make loans in Washington. Blackrock Lending Group does not appear to have any actual presence in Washington State.

Reporting The Scam

Victims should report their experiences to the Internet Fraud Complaint Center at www.ic3.gov.

If You're A Victim

If you feel you have been a victim of a loan scam, please contact the Federal Trade Commission at 1-877-FTC HELP (382-4357), or online at www.ftc.gov. Because the scammers have access to bank account information and social security numbers, victims should consider themselves victims of identity theft and take appropriate precautions. The Federal Trade Commission has information for victims of identity theft available online at www.ftc.gov.

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