Washington State Department of Financial Institutions

Consumer Alert

Internet Alert: Beware of Trafalger Group's Advance Fee Loan Scam

January 31, 2005

Trafalger Group advertises on the Internet and in newspapers as a consumer loan company. It claims to provide home, auto and consolidation loans. The consumer is asked to wire or "money-gram" an upfront insurance fee deposit to the company prior to getting a loan. The wires have gone to Washington D.C., St. Louis, Missouri and Canada. However, the money appears to end up in Canada. Once Trafalger group receives a deposit, the consumer receives no further contact and does not get the loan. This appears to be another Canadian advance fee loan scam.

When the company’s website was active, Trafalger Group’s address was listed at 1934 K Street NW, Suite #1150-1151, Washington, D.C. 20006. Trafalger Group has never been located at that address. The telephone number on the website was answered by a voice mail message: “Your universal customer account has been placed on hold. Please call customer service. Goodbye.” The company’s website indicated that it was licensed in numerous states including the state of Washington. However, the license numbers given were for valid licenses held by E Loan Inc. not Trafalger Group. Much of Trafalger Group’s website at www.trafalgergroup.com was pirated directly from E Loan Inc.’s website. E Loan Inc. is aware of this corporate identity theft and states that it has no connection with Trafalger Group. Trafalger Group’s website operated through an internet service provider in Hong Kong. It was registered to a “Ben Kingsley” at 342 Trafalger Road in Boston. This address does not appear to exist.

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

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