• Report: #1084677

Complaint Review: GE Capitol Bank

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  • Submitted: Sun, September 15, 2013
  • Updated: Sun, September 15, 2013

  • Reported By: Richard — Elizabethtown Pennsylvania
GE Capitol Bank
New York, New York USA

GE Capitol Bank GE Bank promised us a loan for $5000, but told us we needed 10% in the bank to get it. New York New York

*UPDATE Employee: Consumer Advisory from GE Capital

*Author of original report: GE Bank

*Consumer Comment: Scam

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GE Capitol Bank called us after we applied on line for a loan.  A man by the name of George Miller said he was a supervisor and he would help us.  He wanted to know how much of a loan we were interested in.  We told him that we wanted $5000.  He told us that we qualified, and that the interest rate would be 10%, a flat rate.  He said that we would need to show that we had the 10% in the bank, and that as soon as we could do this, he would transfer the funds to our account.  He had our name, address, phone number, bank account number, and routing number from the application we filled out.  He told us that the bank wouldn't let him access our account, and the only way that he could do the transaction was for us to get a Vanilla reload card and put $500 on it and give him the number off the back so he could enter it into the system.  My wife couldn't get a vanilla reload card, so he told her to get a green dot card which she did.  She put $490 dollars on it which he said to do, then he said we needed to get another card because it had to be exactly $500.  We did this and gave it to him.  

He called later and said the trasnaction went through.  We checked with the bank, and no money was put into our account.  I called George Miller to find out what happened.  He told me that the credit department had the money on hold because our credit wasn't good enough.  I talked with a wonam Anna Watson, and she told me that our credit had to be excellant for this transaction to be released, and said that she could fix our credit, but it would cost $438.75 because they charge $1.95 per point to do this.  I told them to forget the load and just send our money bac,k, and they told me they couldn't do that, because the transaction had already been made.  Later George Miller called and told us we would be responsible for the $5000 even though we didn't get the money, because their records show that the transaction was made.  I sent a complaint to the Attorney General of Pennsylvania, and to the Attorney General of New York.  I will put a stop on the bank, so they can't take money out of our account if I can.  George Miller called again, and told me that as soon as we could send the $438.75, that the money will be released, and that $5990 would be credited to our account.  I'm leary obout sending any more money, for I believe this is a scam.  If this is the way GE Bank does banking with all their customers, they all should be fired. I hope that one of the Attorney Generals can do something, either get our money, or if it is a scam, catch them.       


This report was posted on Ripoff Report on 09/15/2013 11:04 AM and is a permanent record located here: http://www.ripoffreport.com/r/GE-Capitol-Bank/New-York-New-York/GE-Capitol-Bank-GE-Bank-promised-us-a-loan-for-5000-but-told-us-we-needed-10-in-the-ba-1084677. 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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REBUTTALS & REPLIES:
1Author 2Consumer 0Employee/Owner
Updates & Rebuttals

#1 UPDATE Employee

Consumer Advisory from GE Capital

AUTHOR: GECapital - ()

GE Capital provides private label and bankcard credit programs to retailers and consumers in the United States and Canada. We do not provide personal loans via the purchase or use of prepaid money cards, nor do we call or email potential customers to request personal information to establish prepaid cards or personal loans. The offer you outline above appears to be an attempt to fraudulently obtain money or access your confidential financial information and is not associated with, authorized or sponsored by GE Capital or GE Capital Retail Bank. If you believe you have been a victim, you should contact local authorities. More information is available at www.ftc.gov.

As a reminder, to protect your identity and the security of your financial accounts, never give your personal credit card or other financial information to people who call or email you without verifying who they are.

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#2 Author of original report

GE Bank

AUTHOR: Richard - ()

I have talked to this person for over a month, and the phone number is the same one that I was given to begin with.  I realize that this is most likely a scam by now, and that I need to get the bank notified.

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#3 Consumer Comment

Scam

AUTHOR: Robert - ()

 Sorry to tell you but this is a scam, you are not dealing with the real "GE" and you are never going to see the money you sent again.

You fell for the Advanced Loan Fee Scam, where a person will say you are approved for a loan but you have to send them a certain amount of money in advance.  This is 100% illegal, no legitimate company will require any sort of money up front in order to GUARANTEE a loan. 

The money you have already sent as soon as you gave them the information the money was deducted from the account, transfered to another account and withdrawn from there..perhaps even 2-3 times to try and hide the true destination of the account.  So don't expect any of the Pre-Paid cards you bought to help you get your money back...although if they do you better be thanking on your hands and knees because you are the 0.0000000000001% of people that get lucky.

Now, what does sending a complaint to the AG's or any law enforcement agency.  Again sorry to tell you but absolutly nothing.  You are not dealing with someone in the US, they are from a foreign country where these AG's have zero authority.  But even if they did, they would be chasing ghosts and with their limited resources won't spend the time to track them down.  The reason is that nothing this person told you is real.  Their name is fake, their company is fake, their phone is to a Throw-Away Cell phone that they paid for in cash.  In fact if you waited another 2-4 weeks you will find that the number no longer works and is either disconnected or goes to a voice mail system.    As for the company, if they ever gave you an address if you traced the address down you would find that it actually does not exist or is to a business that has nothing to do with this company.  One of the favorite things for them to use is a vacant lot.

 

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