Flynrider
Phoenix,#2Consumer Comment
Sat, June 04, 2011
" I had the loan agreement looked over by a professional that had more expierience with them than I. I was told the documents were legit."
Any so-called "professional" that cannot immediately recognize that this is a scam is not very professional. The whole transaction is phony from the start. It would be illegal for a lender to require a large "deposit" in order to obtain a personal loan. Any real professional would know this.
Bottom line, you were not in contact with a loan company. It was just a group of scammers that pretended to be lenders in order to get you to send them untraceable cash, which you did.
This is not a new scam. The FTC has known about it for years and has a web page on the subject.
http://www.ftc.gov/bcp/edu/pubs/consumer/telemarketing/tel16.shtm