Flynrider
Phoeix,#2
Wed, August 12, 2009
Unfortunately, you have not been dealing with an actual loan company. You've been sending untraceable Moneygrams to scammers in Canada. There never was a loan and it's very unlikely that you'll ever see your cash again.
This scam is commonly known as an "advance fee loan scam". Legit lenders do not require you to pay a large advance fee or "insurance" in order to obtain a loan. Since the scammers are in Canada, where U.S. law enforcement has no jurisdiction, it's not likely that they'll be caught anytime soon.
For more info on advance fee loan scams and to report a scam, check the FTC website at :
http://www.ftc.gov/bcp/edu/pubs/consumer/telemarketing/tel16.shtm