Silverfield Financial Group: Loan Scam Alert!

We've received a number of emails alerting us to another advanced fee loan scam! Fortunately, we were able to stop several near victims before they wired money to these scammers. 

The latest loan scammer goes by the name of Silverfield Financial Group. All of our near victims were offered a $5,000 guaranteed loan. The catch? They wanted the first 8 months payments up front -- wired via Western Union, of course. Here are the details:

Fake lender name:  Silverfield Financial Group
Fake lender website: www.silverfieldfinancial.com
Fake lender phone number: 1-800-627-6189
Fake loan amount:  Minimum of $5,000
Guarantee Deposit: 8 months payments up front via wire transfer

Although these guys claim to have been around for 14 years, their site was just registered a couple of weeks ago:

Registrant:
silverfield admin@SILVERFIELDFINANCIAL.COM +1.3153629010
silverfield
1 South Washington St
Rochester,NY,US 14614

Domain Name: silverfieldfinancial.com
Record last updated at 2009-05-26 14:16:39
Record created on 2009/5/26
Record expired on 2010/5/26

These scammers can be very convincing, but don't be fooled! A legitimate lender would NEVER ask you to wire transfer a deposit or payment before granting a loan. If you come across one of these offers, DO NOT SEND THEM YOUR MONEY!!

Comments

[Joe T]

I was contacted by these guys with exactly the same MO as described here. They said I was a credit risk and that the loan would have to be secured with a $1400 deposit. They claimed to be a broker and would mediate loans between lenders and clients. Fortunately, I did not buy this offer hook-line & sinker. My friend got to this webpage before I did because I told her I would have to check them out before making any commitment. It's amazing in these hard times there are predators like these guys trying to prey on honest people's vulnerability.

Also, for being a 14 year old credible business they are not registered with the BBB because I already checked there.

[Jen]

I was recently contacted by a David Penn from this group with the same MO. He wanted me to give him 2200 up front for the first five payments. It seemed weird because nobody asks for money up front for a loan. I also checked with the BBB and seen if they were FDIC and of course they are not.

[P. donovan]

Thank you so much for your comments. I almost mailed my up front payments today. Something told me to check them out a little closer. I'm a single girl trying to make ends meet, tis would have devistated me. I could not afford to loose this kind of money in a scam.

[L. Darlene]

I was almost taken in by David Penn's easy on line lending scam. I was approved for a 30K loan overnight. With no proof of employment, credit references...boom I was approved no questions asked. I was so excited, all I had to do was send in 8 payments in advace and the money would be transferred into my checking account. Although it sounded good...something just felt funny. I pulled my credit report Silverfield Financial didn't even check my report even I know any lender is going to check that to see what your risk factor is. THE RED FLAG WENT UP! I got on line and found this web site...sure enough it's a scam! Thank you America for this posting. To think I almost lost my entire savings on this. I have reported this to the BBB. Somehow this "David Penn" needs to be shut down!

[Judy]

Unfortunatley, I got a call from these so called lender's on June 23. When I check them out on google, there was nothing. Not a single comment from anyone. I was taken for $900. I got so upset, that I went through a whole research trying to find their location. In fact, I know their current location is nothing but a sham, but I'm still looking for them. I hope find out exactly where they are.

[Roy]

These [inert bad word here] almost made my father-in-law draw out $3500 from his retirement for "6 mos payment" on a $40,000 loan for my wife and me. My wife urged me to research them before we signed and my father-in-law beat me to it. I can't believe these disgusting people *almost* got us!

[lori]

unfornatly I didn't see this and I GOT TAKEN.in the amount of 800.00 and they wanted another 800.00. When I told them that I got a lawyer they wanted talke to my lawyer I gave them the no# and as the lawyer said they didn.t call I am going to contact the district attorney in pa and the state police I want to shut them down before someoneelse gets screwed.

[Tash]

I am sorry for those who were scammed and thankful that we found this website before dishing out $800 via Fast Trac/Western Union whatever! James Thompson was the person my dad spoke to with the SAME crappy process stated above. People need money so bad these days and these jerks are working to take the little remaining from them! Shame on them!

[Shocked]

OMG... I am so thankful that i decided to look up this website because "SILVERFIELD" just faxed my papers today and i was getting ready to get the "COLLATERAL" is what they call it...and wire the money.. times are very hard now days and i have been searching everywhere for a loan to pay for school. but the credit is so strict now so i thought i had found my break with "SILVERFIELD".. i feel very sadden at this and my sympathy to those who didnt see this site before hand....exactly what everybody else said is exactly what "David Penn" said to me on the phone...WOW this is so shocking top me.. i am taken back!!! these people should be arrested!! They told me to send 1,632.00!!!

'

[Brian]

I was taken for $930, They called me the day the money was supposed to be wired into my account and said they needed more money becuase i was a high risk.. I told them i wanted my money back and they said they would'nt be able to send me a check till july 20,, I checked credit bloggers before i signed the papers and did'nt find anything on them.. After figuring out i was scammed i check on here again and found out it was really a scamm!!

[Jason]

I got scammed by the same people. However, it wasn't silverfield it was Kingston Financial. I know they are the same company because of the number and the name you are giving. I was contacted by a DAVID PETERSON and the number there is 1800-624-6189. I was taken for my whole check of $750. he did the same thing called said i needed to send more money i told him no and that he needed to send my payment back. he said they couldn't until july 10th because of their billing cycle. Well its the 14th and no money. I'm trying to find these guys and catch them in a trap so i can find where they are really located. I think they have people send stuff to canada because they have some account that it gets diverted to. Money gram can't do anything about it. I wish i could get a court order to find out where they pick the money up at or where it gets re-routed. any body who wants to bring these guys down and get their money back let me know. I need someone who may know what to do next how can we trap these guys. I think they block your number after they scam you because the number you call only says "goodbye" when you call it. they screwed me financially for the next 3 months trying to catch up and pay off...

[julie]

did anyone get their money back? They assured me the money would be in my account and hung up on me.

[Deanna]

These crooks are good at what they do and know that once you send a money by wire through Western Union, it's gone. One of the main reasons why Western Union has this warning on their site:

"If you need to send money to someone you don’t know well, you may be putting yourself at risk for fraud.

Because we care about consumers, Western Union urges you to protect yourself from fraud by considering the following:

* Never send money to a stranger using a money transfer service.
* Beware of deals or opportunities that seem too good to be true.
* Don’t use money transfer services to pay for things like online auction purchases.
* Never send money to pay for taxes or fees on foreign lottery winnings.
* Never send a money transfer, in the name of a friend or relative, with the intention of changing the name to someone you have not met personally.
* Never send a money transfer, in the name of a friend or relative, in order to delay payment of the transaction to someone you have not met personally.
* If you think you've been a victim of fraud, contact us at 1-800-448-1492."

Here's the link: http://www.westernunion.com/WUCOMWEB/staticMid.do?method=load&countryCode=US&languageCode=en&pagename=fraudIndex&pid=fraud00016

[Nicole]

Thank you for all the posts. I was contacted by them recently and they told me the same thing. I was a high credit risk so I could only get a secured loan from one of their "investors." At first they wanted almost $1400 up front as collateral and my first payment would not be due til April. I told them I could not afford that, hence the reason I wanted a loan. Then they negotiated it down to $700, still money I didn't have. They told me to call back to work something out. I'm very disappointed because I really could have used it.

[tailatious]

I got scammed to.Out 800 and going to lost my car now.I think I need to call the district attorney in pa and the state police and see if they could if put a wire tap on these people and see if they could find them.Make up a name and than call them from another phone.They need shutdown now.What do you think?

[mad person]

I also was approved for a 6000 dollar loan and Scott.. told me I had to have a down payment of 1000.00.. He told me to wetern union the money to some Woman named Lisa in Canada.. This sent of red flags in my mind, So I called him back and told him. Hell no.. this does not sound rite.. He told me I needed to have a lil faith in the company.. I tried callin there so called costomer service.. and it was onother guy that claimed he worked for them.. I said I wanted to make a payment on my loan.. He was like maam when did you recieve the loan lmao.. I was like wow... cuz he knos full well you dont get no loan Im 25 years old, and I may not have the best credit or experience in these things but I am not stupid.. Thank God I did not send that money I woulda been messed up.. DO NOT SEND THEM %$#@>> and yes they need to go to jail for this.. does anyone kno how to report them..

[Seattle Busting]

All, I have been taken for almost $1600 dollars. I wired money to a Leslie Sargent on Friday 7/17 and I TOO did not see any scam alerts or messages online with regards to this company until today. I received a call from the manager at this so called company saying my "loan" had been reassessed and that they were requiring an additional $1500 dollars down. I have gone to the local FBI, I have filed a complaint with the local police department and will be calling the Seattle attorney general and prosecuting attorneys office. I suggest you contact and COMPLAIN asap make sure your accounts are covered, your ssn is covered by calling your local social security administration office immediately. Contact your bank to make sure that they are aware that you may have been a victim of identity theft etc. Cover your basis and do it quickly. I have a feeling this company moves from town to town, do not apply anymore online for anything unless it is a company you have heard about. If you need additional information please pay attention to thse scam alerts, fraud alerts and do not ever wire any monies to anyone. - SEATTLE
PS- last week this company had a website, now it's offline. I have called back numerous times to their 800# and they are not answering so I am assuming they have caller id. I had my finance call from his number and they answered each time!!!

[Seattle Busting]

Also wanted to give this information to file a complaint with the FBI is through the Internet Crime Complaint Center www.ic3.gov and fill out a complaint. Also contact the local FBI in your area and they will give you an address to mail your documentation to and attn it to the OFFICER ON DUTY. Someone will contact you about your case. The more of us that do this the better, let's be CRIME STOPPERS AND SHUT THESE PEOPLE DOWN. http://www.ic3.gov/default.aspx

[Gail]

I file a complaint with the FBI to.I try to call and got no were.They have caller Id all right.I pissed now and want these people stopped.

[Seattle Busting]

All,
I have been doing my due diligence and calling to report to many agencies about this company. The more complaints we give the better: here is who I have been contacting and they can help you as well

FBI www.ic3.gov
SSA- Social Security Administration Offices (look in ur area)

Federal Trade Commission 1-877-438-4338
Local Police Department
Western Union www.westernunion.com or customer Service @ 1-800-325-6000

Attorney General office Rochester, NY 585-546-7430 - You can talk to a live person and open up a complaint

Contact your local bank institutions, your department of licensing for your ID, and etc. You can also place a fraud alert on your credit reports online at www.experian.com

Any questions let me know and I will blog you back!