- Report: #769074
Complaint Review: Southport Financial Services - Coral Beach Florida
Reported By:
koolboysdad -
Long Beach, California, United States of America
Submitted:
Updated:
-
Author Not Confirmed
Why?
Southport Financial Services
2333 Ponce De Leon Blvd ste 306 Coral Beach, 33134 Florida, United States of America
Phone:
866-559-1112
Web:
www.southportfinancial.net
Categories:
Business Rating:
(0)
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Southport Financial Services Jack Fitzpatrick Lending scam with foreign lenders Coral Beach, Florida
It is to late for me but hopefully this will help someone else. Southport Financial Services stating to be in Coral Gables, Fl is a scan. I confirmed (after the fact) that this company has not nor due they currently rent/lease at the address they list on their webiste or on any letterhead. Furthermore, the suite that they say are in, the building does not have a suite 306.
This company preys on poor/bad credit individuals seeking loans, my particular loan request was $5,000. They email you a loan summary statement to review and then when you complete and fax back tell you that due to your poor credit request that you send via western union a pre-determined amount of money to the so-called forgein investor. This money will be a prerequisite collateral payment of 5 monthly payments.
Once you send the money and provide the western union MTCN # they say the funding will available either later that day or the next. They may also state(the next day) that due to insurance requirement you may need to send more money because your such a high risk.
Now the delay's and stall tactics start...waiting on processing will get back to you and so on. When you demand your money back, they say it will take 30 days to refund.
This company preys on poor/bad credit individuals seeking loans, my particular loan request was $5,000. They email you a loan summary statement to review and then when you complete and fax back tell you that due to your poor credit request that you send via western union a pre-determined amount of money to the so-called forgein investor. This money will be a prerequisite collateral payment of 5 monthly payments.
Once you send the money and provide the western union MTCN # they say the funding will available either later that day or the next. They may also state(the next day) that due to insurance requirement you may need to send more money because your such a high risk.
Now the delay's and stall tactics start...waiting on processing will get back to you and so on. When you demand your money back, they say it will take 30 days to refund.
2 Updates & Rebuttals
koolboysdad
Long Beach,California,
United States of America
Southport scam
#2Author of original report
Wed, August 24, 2011
The money was sent to Spain. They have a local (miami,fl.) fax number and the ISP server they are using is in the Houston, Tx. area. Also, whomever bought their domain name had a local number in the Virginia area.
Flynrider
Phoenix,Arizona,
USA
Common scam.
#3Consumer Comment
Wed, August 24, 2011
This is called the Advance Fee Loan Scam and one version or another is reported here every day or so. The scam is entirely offshore, which makes it difficult for U.S. law enforcement to get involved. Did you send your money to Canada? That is where most of these scams have been originating from.
Unfortunately, since Western Union transfers are virtually untraceable (which is why scammers use them), there's not much chance that you'll ever see your money again. Anytime someone you don't know insists on W.U. or Moneygram transfers, you know you are being scammed.
Thanks for reporting it. These scams change company names like most people change their underwear, but your report may save someone else from getting scammed in the near future.
