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

[vicki]

Thank you everyone! I almost got scammed.. I just got a loan offer of $50,000 from silver field fiancial, and they send me a fax that i needed to make my frist 12 MONTHS payment of $3828. the lady Grace overton was handling my file, then a few days later i got a call from a DAVID PENN, who told me that GRace no longer works for the company and that he will be handling my file, i started to get suspicious and then he called me again and said in order to send my money in to them i have to go through money gram located in walmart, because they no longer go through western union. becuase of some problems!... I started to get very suspicious and located this website.... thank u bloggers! no one should send any money to them

[Seattle Busting]

Thank you Vicki for updating us on this. I am so happy that they didn't get any money from you, but you still want to protect yourself and your SSN, and credit reports. These people have access to you personally still. So please be "cautious". OF course they are having problems with western union now, I placed a fraud alert and did a fraud report yesterday, and I am sure the more people that do this, the better!

[Gail]

I have did all that.Plus my son works at a bank and he's checking into it more.I would like to know the real names of these people that came up with this scam.I would 15 mintues with them with a baseball ball.

[Lee1195@netzero.com]

Hello,
Warning to all my husband just came across a company that is possibly these guys under a new fraud name of Capitol Referrals Services the contact number for them is 1-866-201-6731 they are looking for insurance money now which they claim it will be refunded at the time you fufill your loan obligations with them. Everything is the same to the T as the ones who took us for $1000 to cover our first few payments. Pleas nobody send them your money they are FRAUDS!

[Marquita]

Ladies and Gentelmen,

This is an update as of 7-24-09

The number has been shut off, repeat they have changed the number. tried to call all day and it hangs up on you.

Sadly they have won yet again.

[Stupid and Desperate]

I learned the hard way. I sent them the security deposit and was told by Thomas Renyolds that the lender backed out of the loan and I would receive my deposit back July 28th, their payment cycle. I called July 22, 2009 and the phone does not ring all I get is "Thank you goodbye". I pray that they will be stopped and people including myself will investigate loan companies before giving them their money. I looked the company up after Thomas told me that the lender backed out. Please don't be so desperate and stupid as I was. It would not be so bad but I borrowed the moeny from my brother expecting to pay him back after I received the loan. Now I have to find the money to pay my brohter back. All I can do is pray and ask God to turn the situation around and that He will touch their hearts so that they will stop this scam.

[Sherry]

These guys are now using Silverwood Financial Services
out of cortlandt st NY NY Almost got scammed by the same guys. already reported them .

[Tasha Moore]

I was contacted by David Penn about a $5000 loan. He told me to send in $800 and the money would be sent the next day. I talked to my husband about it and we decided to go ahead and do it. I told him that it sounds to good to be true and I may need to look them up. To make a long story short, I saw that it was a scam. At the time only 3 people had posted comments, but that was enough for me. Thank you everyone!

[Jen]

To everyone who has been scammmed by these jerks. i was one that got scammed as well. i got approved for a $5,000 loan and i had to put up $920 dollars and then i guess that wasn't enough, so they hit me again and i was a sucker and went for it because i was thinking that this money would be helpful and all it has caused is heartache. I was scammed by David Penn and Thomas Reynolds and my money was picked up by Linda Thorpe. after the 3rd call of him telling me there was a problem, i said forget this, give me my money back.He had the nerve to tell me that another lender will give me a $10,000 loan, but i had to come up with the first 12months...i don't think so. these people need to get caught and we all need to get our money back. they are using alot of names and so far i have heard of:capital referrals services,kingston financial,silverwood financial services. so those of you who are thinking about getting a loan, think again because it will be the worst mistake you will ever make in your life. trust me, i am one person that has never done anything like this and it will definitely be the last one. I have contacted my police department,money gram, attorney general's office,federal trade office,consumer protection, and i also filed a complaint on www.ic3.gov/default.aspx. so we all need to stick together and get these jerks.

[tammi]

Jen, i'm guessing you did not get your money back. We are out over 3,000 dollars because my husband and i didn't use our heads when we thought it was a scam. these guys were good, really had me convinced that i was wrong in thinking they were a scam. if we weren't in such a dire position, i would never have done it. now we are out 3,000 and cannot pay our rent, utilities. its bad.