• Report: #1021246

Complaint Review: Dunwood Capital

  • Submitted: Wed, February 27, 2013
  • Updated: Mon, March 11, 2013

  • Reported By: Karen — Mullan Idaho United States of America
Dunwood Capital
2532 Elmwood Avenue Buffalo, New York United States of America

Dunwood Capital Loan Scam Buffalo, New York

*Consumer Comment: new number for you

*Consumer Comment: Nationwide loan scams!

*Consumer Comment: Dunwood Capital crooks

*Consumer Comment: Nationwide loan scams!

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I was contacted by Jeremy Coleman with this so-called Loan Company telling me they had received my loan application and I was approved for a "secured" loan for $10,000.  Since my credit score was not so good they required collateral in the amount of $800 which is equal to the first 4 payments of the loan.  They e-mailed me a contract.  I read through the contract.  In the contract it stated that in some instances the "lender" may request additional collateral to secure the loan.  I questioned this with Jeremy Coleman.  He stated that the only reason they would request additional collateral was if they could not verify employment.

Yesterday, I contacted Jeremy Coleman and told him that I would send the $800 by Western Union as he requested, but also told him that if they asked for more money I could not do it.  I sent the $800 yesterday, called Jeremy with the money transfer control number and gave him my bank account information.  He said he would pass this on to his "customer service department" and someone would be calling me within a couple of hours.  Jeremy actually called me back an hour later and said everything was good to go.

I received a call last night from a Chris with customer service.  I told him I wasn't home at the time and he said he would call me in the morning.  I spoke with Chris this morning and he said he "was sorry to inform me" that "the lender" after reviewing my information needed an additional $800 to secure the loan.  I was skeptical at this point and told him that I had checks out on my bank account and if I sent the additional money I would be in the red in my account.  He guaranteed me that the funds would be deposited in my account within 2 hours.

I sent the additional $800, called Chris and gave him the money transfer control number.  He said the funds would be deposited within 2 hours.  An hour later I called him again to see what the hold up was and he said he would put an expedite on it.  This went on all afternoon.  Finally at 4:30 this afternoon he tells me that the "lender" tried to transfer the funds in my bank account 10 times but the deposit would not go through.  I asked him why and he said they were needing proof that I have an insurance policy, so in other words they wanted more money.  I told him this was BS!  I also told him that I was reading a ripoff report on google about his company that this same thing happened to someone on Saturday, February 23, 2013.  He proceeded to explain that this person committed fraud by saying she was employed but wasn't.  I had to send a copy of my most recent paycheck stub to Dunwood Capital with the signed contract, so I asked him if they received a most recent paycheck stub from this other individual.  He stated they did but it was a fake paycheck stub.  How stupid is this?!!!  He then proceeded to tell me they could not release the funds to me until they receive proof that I have an insurance policy.

If anybody gets a call from this company DO NOT fall for their scam.  I received my income tax return last Thursday in the amount of $3800.00 and after paying some payday loans, mortgage, and sending these idiots $1600 I'm in the red in my bank account.

This report was posted on Ripoff Report on 02/27/2013 06:24 PM and is a permanent record located here: http://www.ripoffreport.com/r/Dunwood-Capital/Buffalo-New-York-14217/Dunwood-Capital-Loan-Scam-Buffalo-New-York-1021246. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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#1 Consumer Comment

new number for you

AUTHOR: anon - ()

they have a new scam under a publishers clearing house front. they are going by "the all american association"  there numbers are 877 857 6202 and the personal number of the leader is 4384015613 . i hope this information helps lead to an arrest.

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#2 Consumer Comment

Nationwide loan scams!

AUTHOR: rockingr - (United States of America)

Here's a follow up on the loan scams that are showing up by different company names,I talked to The North Carolina Attorney Generals office and they are investigating along with other Federal groups and we need to band together to put these crooks behind bars,this looks to be a lot bigger than what I thought and I want forget about it ,losing 750 dollars hurt my Family and we are trying to recover and our Family Vacation this Year is on hold until we catch our bills up,please don't give up.I hope the ripoff report can help once they see the pattern especially in the Buffalo area. Thanks.
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#3 Consumer Comment

Dunwood Capital crooks

AUTHOR: Lela0916 - (United States of America)

Good Morning,

I am the person who submitted the 1st Rip off report on 2/23, I never commited any fraud. That is the most unintelligent thing I have heard. First off they pulled my credit report and it is very clear that I am very much employed. Second of all they never asked for me to fax a single paystub, which should have been the 1st red flag. These people are scum, I have reported them to the BBB, to the FBI division of internet crimes and also to the attorney general. I am still waiting and will not stop until the send me my money back. I also hope you can recover yours, it's so sad to see hard working people that want to consolidate bills or need a little push being taken advantge of by criminals.
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#4 Consumer Comment

Nationwide loan scams!

AUTHOR: rockingr - (United States of America)

I have seen this several times in the Buffalo area,they change the name,number and website frequetly,don't ever wire money for a loan,its illegal ,call your Attorney General and the FBI ,you're not alone and its time for justice for these scam artist,other reports from the BBB states that they use the lending center and personal finance consultants who scammed me and then changed number or used cheap cell phones and bogus web sites,now you can't. Contact them.
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