Complaint Review: Kratrone Holdings

I contacted Loans for all through the internet.  I asked for a loan of $20,000.  I was told that I qualified for the loan but I would have to transfer $750 to Community Federal Savings Bank in New York for insurance purposes.  Once the bank received my money the money for the loan would be transferred into my bank account.  The bank account that they used for their money was as follows:   

                     Community Federal Savings Bank

                    19 W 24th Street New York, NY 10010      

                    Account Name:  Kratrone Holdings

                    Account No.:  8310082463

                    Routing No.:  026073008

I was told it had to be a bank to bank wire.   I did get an email from Michael Kerr stating that they received my money and would process the loan.  I was also told it would take two days. 

After not receiving anything after two days I emailed Michael Kerr again.  His reply was that The lender in my loan had been black listed by them, as unreliable.  They have not honoured their commitments to this loan.  As a result a replacement lender must be found for my loan.  Of course they haven't found another lender. 

They stated they would keep my money for 180 days while looking for another lender.  This is stated at the bottom of the loan document in small print.  When you are desperate for money you don't really pay attention to the small print.  Lesson learned.  Dean Larson is the name that was used for the CEO of Loans for All.

Thank you,