Washington State Department of Financial Institutions

Consumer Alert
Westpark Lending Group

Advance Fee Loan Scam

July 6, 2009

The Washington State Department of Financial Institutions (DFI) is warning consumers to verify the license of any lending professional they are considering doing business with to avoid becoming victims of potential scams.

Westpark Lending Group appears to be conducting an advance fee loan scam.

Westpark Lending Group claims to have an address of:

#2 Hoadley Place
Hartford, Connecticut

This does not appear to be a valid address. A representative for Westpark Lending Group stated to a consumer that his name was Paul Pierce.

Neither the Washington State Department of Revenue nor the Office of the Secretary of State shows that Westpark Lending Group is authorized to do business in Washington. The company is not licensed by the Department of Financial Institutions. Westpark Lending Group does not appear to have any physical presence in Washington State.


How The Potential Scam Works


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.

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