Consumer Fraud Reporting
Milestone Financial Loan
Reporting on the Latest Frauds, Scams, Fake Lotteries, Spams and Hoaxes

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Loan Scams:
Milestone Financial Loan Company,
Mr. Peter Packerson

Have you received an email or postal letter from Mr. Peter Packerson at Milestone Financial Loan Company offering you a debt consolidation loan, student loan, mortgage, small business loans or a great credit card rate?  The rate is incredibly low, they say they need very little documentation and can get you money fast?  It is probably a scam.  The offer and their websites (if they have one) may even look real, except they will quickly ask you for personal financial information, social security number, bank account numbers, in addition to your name, address, phone numbers, etc.

Also see this page on Scholarship, Student Loan and Financial Aid scams!


Actual scam email (One example - the scammers constantly change names, dates and addresses!):

I am writing to report the activity and key principles of an international loan fraud company operating out of the United Kingdom that is offering secured and unsecured loan programs to borrowers with offers of low interest rates and purportedly licensed by the UK Government to operate as a legal entity.

The company accepts applications for loans and processes the applications requesting a transfer fee to have funds acceptable through the Halifax Bank Branch (I have included copy of the confirming email with website and account link). Once the 'fee' has been paid to receive loan proceeds, the company then advises that they must have their legal entity, Harry & Harry Law Firm, provide you with a loan agreement form that then triggers a demand for additional fees.

The representative of the Milestone Company then contacts those who balk at additional,, undisclosed fees to assure them that the loan will proceed as committed and they will absorb all additional fees. However, this provision is then followed up by an offer or minimal co-payment with the loan seeker responsible for sending the larger fee to register the document. Needless to say, the money is never available as committed and the fee request keeps escalating.

This company advertises on numerous Internet classified site such as (inetgiant) and various business trading sites such as TradeKing.

This is a scam company that seeks to defraud people and businesses that are seeking financing outside of traditional banking sources into accepting loan approvals, continually escalating   fee demands, and never delivering promised funds for meeting requirements.

I have attached all communications including voicemail and voice calls from this company and its cohorts for your review and immediate action.

The company operates as follows:

Milestone Financial Loan Company

Foreign Loans Department

48B carnaroun Road stratford

London, E15 4JW

Tel: +(0)44-703-187-1815 (Customer Care)

      +(0)44-704-571-7061 (Peter's Direct Number)

Fax:+(0)44-707-505-5017

The company ' Milestone Financial Loan Company' offers to fund loans to individuals and businesses and offers on line access to the loan proceeds through as Halifax Bank branch. The key participants are:

Mr. Peter Packerson

Foreign Loans Department.

Milestone Financial Loan Company

loan_corporation@yahoo.com

Mr. Steve Benedict

CEO

HARRY & HARRY LAW FIRM

(Legal Practitioners: Barristers & Solicitors, Real Estate & Loan Consultants)

21 East Tenter Street E7 3DN London.

 

IBANK Bank           

Registered / Head Office:

Plot 418,Dale Estate,

Hale End Road

London E4 9PB.

TEL: +44 704 570 3274

FAX: +44 870 479 9428

E-mail:  halifaxonlinebuk@btinternet.com

Web:  http://halifaxbank.co.uk/

Mr. Forlan Nicholson,

TEL: +44 704 570 3274

FAX: +44 870 479 9428

Money Transfer Department.

Halifax Bank Plc®, Customers Satisfaction is Guaranteed.


What to do

We advised the victim to file a police report, call the FBI and file a complaint with the state attorney general and the Better Business Bureau.

No legitimate loan business would use a Western Union wire for this type of transaction. Since it appears as though a crime has been committed, you should start by filing a report with your local police.  They may direct you to the FBI. If you want to simultaneously contact the FBI, here is how to find the local FBI office: http://www.consumerfraudreporting.org/FBI_LocalOffices.php .

If you paid any money via credit card, contact your credit card company immediately and ask to dispute the charges (generally they must be within 60 days).  If you paid by Western Union or Money Gram, it is almost impossible to recover the money.

If the company that defrauded you is located in the United States or Canada, file a complaint with the www.BetterBusinessBureau.org ; they are pretty effective at getting refunds from legiitimate companies (obvious not successful with criminal scammers).

And finally, you can contact your state attorneys general office to notify them to the scam. See this page: http://www.consumerfraudreporting.org/stateattorneygenerallist.php


How do loan scams work? 

The scammer sends you an email or letter, or you respond to an advertisement on tv, radio, newspaper, magazine or online.  The ad often uses the names of large, reputable and well-recognized lenders. To respond to the advertisement, victims are directed to call a "third-party consultant" who solicits application information including social security numbers. During this telephone call, the "loan" is always approved.

The "third-party consultant" then faxes a loan package to the victim, or directs the victim to a website to enter the information. The package includes a request for bank account information.

Finally, victims must wire a required advance payment or a deposit through Western Union or Money Gram to the consultant. The victim never obtains a loan, and the scammer disappears with the application fees and down payments.

See this page for much more information about this type of scam.


How to report a loan scam

If you believe you may have fallen victim to this type of scam and wish to report it, please


Loan Scam names

  • EducationalDirect.net

Other related information


Copyright CFR 2005, 2006, 2007, 2008, 2009  - Definition of scam, fraud, etc.Legal disclaimer / corrections / complaints  -  Privacy Policy
Names used by scammers in the examples on this page and others often belong to real people and businesses who often have no knowledge of nor connection to the scammer's use of their name and information.  Sample scam emails and other documents are copies of the scam to help potential victims recognize and avoid it.  You should presume that any names used and presented here in a scam are either fictitious or used without their legitimate owner's permission.
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