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Report: #527581

Complaint Review: Franklins Financial Group - Toronto Select State/Province

  • Submitted:
  • Updated:
  • Reported By: LarryR410 — Glen Burnie Maryland United States of America
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  • Franklins Financial Group 8932 Jane Street Toronto, Select State/Province United States of America

Franklins Financial Group Damion McPherson Scamed me out of $631.00 for Insurance Deposit for a Loan Transaction Toronto, Other

*Consumer Comment: Henry Stern, Damion McPherson, Maggie Stewart SCAM

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On November 16, 2009, I responed to a Display Ad in the Baltimore Sun Newspaper.  I responded and filed an Applicaion for a $25,000.00 Loan.  On November 20, 2009, I received an Approval Letter and Loan Documents via Fax purporting to be Franklins Financial Group, Toronto, Canada.


I was requested to pay $631.00 (includes fee) to cover the cost for an Insurance Depost.  Sent via Western Union to one 'Damion McPherson.  Unable to contact same, however his name is listed in the Rip Off Reports under a different Company.


A Website and Password were sent to me to access my Loan Documents and a purported link that would allow for the Transfer of the Loan into my Bank Account.  The Link was never activated, nor was the Loan Received.


Today, Mr. Henry Stern called and said my Loan was held up because the Insurance Company wanted 3 more months of Premium.


I advised Mr. Henry Stern?, that this was a SCAM, and I wanted my money returned. He said he would deposit into my account, but as of this writing has not.  I am out $631.00 that I can ill afford to lose.


 

This report was posted on Ripoff Report on 11/23/2009 12:42 PM and is a permanent record located here: https://www.ripoffreport.com/reports/franklins-financial-group/toronto-select-stateprovince-t9l-3k8/franklins-financial-group-damion-mcpherson-scamed-me-out-of-63100-for-insurance-deposit-527581. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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#1 Consumer Comment

Henry Stern, Damion McPherson, Maggie Stewart SCAM

AUTHOR: Clothednblack - (United States of America)

POSTED: Friday, November 27, 2009

On Friday the 20th of Nov. I was approved for a online loan. After contacting the Financial advisor Henry Stern I was told I needed to insure the load for $495 because they do not do a credit check, and I was to western union the money and be reimburssed for the fee to send it which was $40. I was told after I sent the money I was to recieve my loan 6-12 hrs into my account, a contract was faxed to me to fill out and return. On Saturday I had not recieved any money from them so I called Henry back and was told that they are having problems with several accounts and was getting the issue fixed and a worst case senerio I would get the money Monday morning. I called today and still no money, now they say that there are 3 different ways we can solve this. 1. I let them do a credit check and if it is good they will ok the loan. 2.I send them the first three payment of $195 each to get the loan. 3. I get a refund. I asked for the refund and now they say it will take 10-15 days to get the money I spent to get it back. The $495 inssurance was going to be be refunded after the first three payments were mad and the sending fee for western union was to be re funded instantly. Henry stated that he recieved the money. Now when I call the number and enter the ext. 103 I get disconnected, but if I call from a different phone it goes thru to his voice mail. The customer service is never available to speak to. I have all my reciepts and the contract in hand. All I want is my money backand I cant afford to wait 10-15 days.

 

Now the Phone Number has been temp.

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