Brookings man out more than $1200 in loan scam



5/21/14
by Perry Miller

A Brookings resident is the victim of an online loan scam.  

Police Lt. Derrick Powers says the man applied for a loan through what 
appeared to be a payday loan company website.  After supplying 
personal information, including his social security number, the man was 
told he was approved for a $1000 loan.

However, he was required to first send nearly $200 in green dot money
packs to prove he could make his loan payments. He did so, but was
then told he had to pay $450 to cover the wire transfer. He also paid that.  
The company then told him he had to pay another $600 to cover some
of the money he owed the state of South Dakota before the loan could
be granted. The man also paid that. He was then told he would have to
pay another $600. That's when he contacted police. The money packs
are untraceable.

The website he used has reportedly been the subject of numerous
complaints.

Filed Under :  
Topics : Business_Finance
Social :
Locations : South
People : Derrick PowersPerry Miller
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