Started as an offer of loan. Proposed a partnership where cash4uloans would transfer money by ACH deposit to bank account and have 70% returned. Then there were increasing fees for the transfer. Money was sent using MoneyGram, Western Union and by loading NetSpend and AccountNow debit cards. The phone numbers used are pass through numbers that go to the United Kingdom. Most dealings are on yahoo chat, but some are by yahoo email. After claiming ach was sent they asked for summary of bank statement which shows active checking account and closed checking account and closed savings account. One ACH deposit of $2685 was actually sent to the closed savings account but was returned by bank because of closed account. Then demands were made for "reconnection fee". In last two months I have sent more than $4,000 in attempt to have them send ach deposit to my bank account. My impression is that they are running a scam and money laundering business.Show more...
Partial money back.
Identity Theft Risk: