RICHMOND, VA (WWBT) – Scammers have built a classy scheme to take from individuals trying to get crisis money through a business providing services for the cash advance.

When you have to deliver cash to borrow funds, it is a bad move. Jacob Coker saw many flags that are red he claims, after he had been taken for $420, hoping to get a $2,500 pay day loan.

This scam hurt numerous victims, including a reputable internet company and a bank.

We trapped with Jacob Coker at their work. Coker made a poor judgement call, he states, as he sent applications for an on-line cash advance through a number of different organizations. He is unsure where in fact the scam originated.

“He said on me, ” said Coker that I was scammed and then he hung up. “He stated he had been Elite that is representing Cash in which he ended up being telling me personally I happened to be scammed by a member of staff. “

EliteCashWire is a marketing agency – maybe not an institution that is financial.

Individuals are matched with a advance loan loan provider. I had long conversations with owner Victor Daniel, whom states somebody is impersonating their company. He states he is been victimized 3 x this thirty days and reported each one of these.

Coker states it began with a message verifying he got authorized. Continue reading 12 IN YOUR CORNER: guy loses cash in online loan scam →