Washington State Department of Financial Institutions

Consumer Alert

The Corner Stone Investments dba CSI - NOT Located in Washington

January 15, 2008

The company advertises on the Internet, indicating that it can provide home mortgage, refinance, personal loans, debt consolidation, and home equity loans.  Consumers state that they work with a woman by the name of Mrs. Nicole Thompson.  They are told that they have been approved for a loan.  However, the loan requires that an advance fee of $3,200 to be wired via Wal-Mart to the company in order to obtain a loan, and once received, the funds will be deposited directly into their account.  The funds never appear.  This appears to be another advance fee loan scam.

The website lists Corner Stone Investments’ address at P.O. Box 1547, Chesapeake, VA 23320. As far as we can tell, Corner Stone Investments has no office in the state of Washington. The company is not licensed by the Department of Financial Institutions and is not listed with the Washington Secretary of State or the Departments of Licensing, Revenue or Labor and Industries to do business in Washington

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

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