DOB: Advance Fee Loan Scam - April 15, 2008

Advance Fee Loan Scam
 
April 15, 2008 -
 
The State of Virginia has received consumer calls regarding what appears to be another advance fee loan scam.  Here are the details:
 
Company Name:  Broadway Lending Group
Company Address: 740 Duke Street, Norfolk, VA  23510
Company Phone: 888-556-2478
Company CEO: Mark J. Watson
Company's Web site: www.broadwaylending,net
 
This company is not licensed in VA and no applications are pending.  This is a valid address, but the company is not located at this address.  Consumers are finding this website and are contacting the company about a loan.  It appears that the company requires the consumers to pay a certain number of monthly payments in advance of receiving the loan proceeds.  The Better Business Bureau in the Tidewater, VA area has also received calls on this company and they have one victim from Florida who sent $1,100 to the company in advance.  The BBB is trying to contact the domain registrar to shut down the web site.
 
Consumers should contact the FTC at 1-877-FTC-HELP or www.ftc.gov AND Phonebusters at 1-888-495-8501 or www.phonebusters.com.