Williams John Frederick III Kay's Financial Services, Williams John Frederick stole $6,600 as loan related upfront fee and never deliver the loan contracted. San Cremente California
On 3/03/2018, Williams John Frederick III sent an email to my business email address and wrote that he was a legitimate private lender and capable to fund any business and person with almost no cap limit. He proposed a long term loan for our business for $1.0M at 5.00% p.a. for 5 years. Explained that the only fee to be paid prior to the loan disbursement was $1,000 as application fee. Then the loan agreement was concluded on 4/06/2018 but additional undisclosed transaction fee $2,600 to be paid prior to the loan disbursement. But, even when we paid such unfairly disclosed fee, the loan disbursement was deferred with no reasons explained. After such closing, the person came up with another security fee $2,500 must be paid prior to the delivery of loan fund. As I knew such unfair undisclosed fee collection upfront was illegal and violation of lending business regulations, I rejected and requested an immediate cancellation of the loan transaction but he started to keep silence and no contact for a week. Lately, he came back and told "If you really need this funding, I can work on but you must pay $2,500 fee upfront." As we were urgently in need of working capital funding to our business, I reluctantly accepted the fee and paid. But still the loan was not delivered despite the same day delivery of my payment $2,500 and their loan fund was fully agreed.
When I complained the non-delivery of loan, he again kept silence for a week and as of today (4/21/2018) he sent a text to me and told, "Well we have a little problem here. You need to pay $1,500 for security deposit to complete the loan transaction". Having known already that his behavior was very unprofessional and scammer-like, I immediately rejected his request and told the loan transaction is now cancelled and you must return all the fees paid for $6,600. After a month and a half of time wasted but at the end he revealed that he was nothing to do with a legitimate and truthful lender and was a mere loan scammer. Just for the reference of everybody who may be involved in his approach and personal loan/business loan offer, his company Kay's Financial Services in CA is a registered company, but its corporate registration does not show anything about Williams Frederick. He just pretended as if he were a part of the company but nothing was true. In addition, he sent a lender licence in CA (mortgage lending officer as entitled) but it was a toy like fake. As a result of 2 months practice, the loan was never delivered and we are taking actions aganst the man seeking recovery of $6,600 stolen.
7 Updates & Rebuttals
Atsumasa
Rockville,Maryland,
United States
John Frederick Williams' Scammed money reached to $16,925 by iTunes Cards
#8Author of original report
Fri, December 28, 2018
John Frederick Williams' scams have continued and he kept pretending as if he would deliver the promised loan ($30K, $50K, $100K, $500K, and $1.0M) immediately after needed "Transfer Fee" have paid by me via iTunes Gift Cards. In December toward Christmas Day, his rushed push urging me to pay such last fees has been accelerated and collected during December alone $1,800 with 15 times iTunes Cards. As of today (12.28.2018) he keeps soliciting such "Transfer Fees" by telling lies that all those iTunes Cards I sent were "Redeemed". This is the very typical scammer's tactics by saying "Your payment was not valid and you need to send it again". This man is one of the nastiest and sneakiest scammer ever I met and worked. But nothing has been delivered even a cent to date. This man must be severely punished.
Atsumasa
Rockville,Maryland,
United States
John Frederick Williams stole total $13,700 fees charged upfront by pretending he were to delivery anytime the loan, but failed
#8Author of original report
Fri, November 09, 2018
John Frederick Williams has acted again sneakily as if he would deliver longtime defaulted loan delivery immediately after we pay some additional wire transfer costs. He only communicated via text messages and told "send me $150 and I shall help you by delivering $200K this time, Trust me", but since March 07, to NOv. 09, 2018, he has never delivered any of his 10 different promised loans. Pure lies, betrayals, and thefts.
Scammers buster
Rockville,United States
Williams John Fredericks III kept pretend maliciously as if he would deliver loan and total fees stolen reached to $11,625 as of Sep.17
#8Author of original report
Mon, September 17, 2018
Williams Frederick kept pretending as if he would deliver the promised loan fund immediately after newly invested loan related upfront payable fees paid by us.
Since May, he kept charging many fees by taking iTunes Gift Cards for 30 times with unit of $200 each and the total scammed stolen fees reached to $11,625 as of September 17.2018. No loan has not been disbursed.
Scammer Buster
Rockville,United States
John Frederick Williams continued to scam by pretending as if he would deliver the loan immediately, but never happened
#8Author of original report
Tue, July 24, 2018
As of July 24 2018, total stolen amount by John Frederick Williams reached to $10,500 mostly by iTunes Gift Cards. Every Friday, he comes up by telling "today I can finish you get funded" and requested small $200, $250, $300 iTunes for the transfer charges by offering $50K, $100K, $200K and even $1.0M loan, but never delivered the loan of any proposed amount. He kept pretending himself as a legitimate lender, but since his first default of delivery of loan on 4/06, he has never delivered even a dollar as loan fund.
Scammer busters
Rockville,United States
Williams Frederick Stole Total $9,300 by using iTunes Loan Scam
#8Author of original report
Tue, June 05, 2018
Williams Frederick continues stealing loan related prepayable fes via iTunes and the total stolen amoun reached to $9,300.
He continued pretending the loan shall be delivered immedaitely after the payment of additional loan fees by iTunes but he never delivered the loan since 4/06/2018. He stole 14 times by iTunes unit $200 - $500 each. HIs used phone number seding texts (714) 408-2454.
Scammer Buster
Rockville,Maryland,
United States
Williams Frederick continued scam and total stolen amount reached to $7,700 without delivery of loan
#8Author of original report
Wed, May 23, 2018
Williams Frederick continued pretending as if he could deliver the promised loan total $1.0M on 4/06/2018.
He continued soliciting unnamed additonal fees before disbursement of the loan fund by requesting payment via iTunes by unit $200 or so.
He repeated the same solicitation by assuring the loan shall be funded to our bank account on the same day we pay additional fees.
We paid so far 5 times small fees by sending him iTunes but his last minute betrayals repeated 5 times and no loan has been delivered even a dollar.
Atsumasa
Rockville,United States
Williams Frederick stole other $400 by iTunes Gift Cards and the total stolen amount rached to $7,000
#8Author of original report
Sun, May 06, 2018
As of 5/04, Williams Frederick requested $400 payment as the very last fee to deliver his already defaulted loan for $1.0MM as of 4/06.
He requested to pay via iTune Gift Card to experdite delivery of the loan. But, after the $400 iTunes were delivered to his email address, the loan delivery never took place. His used mobile phone for texts is (714) 408-2454 and his email address is kaysfinancialservices@gmail.com. Now the total stolen fees reached to $7,000. He still says, "If you cooperate with me, I shall deliver the promised loan" and implies to charge more undisclosed and undocumented fees. So unethical and so untrustworthy man in lending buisness.