7 Minute Loans: John Ryan; Michael Thompson 7 Minute Loans - John Ryan, Michael Thompson : Loan Fraud - I was scammed out of $500.00. Hollwood Florida

I got a call from Mr. John Ryan of 7 Minute Loans on Monday - 09/29/14. He informded me that I had been approved for a installment loan of $5000 and that the payments terms were a $350 payment / month for 15 months: Loan Confirmation # AT7H . Since I was on my way to work. I told him that I would call him back on Tuesday - 09/30/14. On Tuesday, I called John Ryan back to discuss the loan requirements. He informed me that all I needed to do was purchase a Greendot MoneyPak for $500.00 at the Local Walgreens Drug Store in Pasco, WA. The reason for the $500 MoneyPak was that I had to prove to them that I had 10% of the loan in my checking account. I purchased the Greendot MoneyPak per my conversation with Mr. Ryan and called him back at (754) 816-1006. This was the first time that I had ever purchased a GreenDot MoneyPak and I did not realize that I this was a Scam, when I gave him the number on back of the MoneyPak, just to prove that I had actually purchased the card as promised. He claimed that the money on the MoneyPak card was mine to keep and that I would have $5000 in my Checking Account in 45 minutes. When that did not happen, I Called them back and my call was directed to Mr. Michael Thompson, who was supposed to be their Chief Lending Officer.

He told me that my credit score was too low to be eligable for the installment and that they only lend money to people, who have a Credit Score of 800 and above. He then said, that I needed to spend another $1340.00 on another MoneyPak and that after that they would loan me $7500.00. I this point in the game, I knew this was a Scam but I had already purchased the original MoneyPak for $500.00. I told him that I was not going to play this game anymore and that I wanted to make sure that I was still going to get my money back. He became angry and told me that if I cancelled the loan request, if my take 60 Days to get my money back. My worst fears about my GreendotMoneyPak funds were confirmed on 10/01/14, when me wife tried to transfer the funds to her Higher One Account and found out the balance on the MoneyPak was Zero. We looked up the account on Greendot.com and found out that all the funds were transfered off the card on 09/30/14. Please do not do business with 7 Minute Loans of Hollywood, FL and protect your Money!. The Phone #of (754) 816-1006 was disconnected as of 10/02/14...