Complaint Review: Featherstone Financial

This is for anyone considering to secure a business loan, mortgage or personal loan through these people. THIS IS A SCAM!!! It started back in December of 2002. I had found this web site and emailed them asking for a loan. About a month went by and I recieved a phone call from a man claiming to be Danny Black of Featherstone Financial Group. He stated that I had been approved for this loan in the full amount that I requested and that it was through a private lender.

That the lender needed to have "security" money sent to him before he would complete the loan. They requested that we wire the money through Wester Union and that it had to be done in incraments, not all at once because of tax reasons for the lender. Once they recieved the full amount ($5,000) that they would then release the funds directly into my account (they got my social security number and my account info).

They kept in constant contact with me via my cell phone and home phone right up until the date that the loan was to be released. They are very convincing and assuring. I had faxed numerous documents to him and he had done the same back on company letter head. When the day came for the loan to be released....it wasn't. Not only was the money not there they also disconnected their phones so that all I got was "thank you, good bye". By the way, they used "800" numbers which I was told by the phone companies was impossible to trace.

Instead, I found out that I became the victim of not only a scam but also credit fraud. They used my social security number to secure credit in other states. After numerous phone calls and lots of "digging" I did find out that they were in fact out of Qubec Canada (one man who claimed to be Peter Johnson gave me a cell phone number which I ended up being able to find out where it was located). The Western Union people were of no help as they had to have someone show an ID to pick up the funds on the other end, but would not, under any circumstances release that information. Not even to the police or any other legal institution.

I had even checked with the BBB to see if they had any complants against them,they said that they hadn't heard of them. I want to forward on one huge piece of advice to those of you who are considering going through a lender that you can not physically see or go to their location of business...NEVER, UNDER ANY CIRCUMSTANCES, SEND MONEY TO SECURE A LOAN!!!!! This is ILLEGAL, and they need to be reported immediately should this happen to you.

Eva
Loxahatchee, Florida
U.S.A.