COMPLAINT FILED UNDER:: FINANCIAL SERVICES / UNITED ARAB EMIRATES FASTER LOAN LIMITED
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United Arab Emirates Faster Loan Limited
Complaint 156438 Details

  • Date Occurred: 09/01/2014
  • Reported Damages: $0.00

The complaint is against an online dating profile

The complaint is a listing fraud posted on public forums or sites against an anonymous entity

The complaint is mobile text spam or smishing related against an anonymous entity

The company or person contact no longer exists

International boundaries

Looks like there is another entry into the SCAM pool...recently contacted by this company who made several claims for a loan. I intentionally asked up front if there were any fee involved and was given a FIRM reply of NO. Turns out this company uses false documents to represent themselves, false information as to who they are affiliated with, and false information as to the bank that they use. Mr Musa Leng Muralidhar is the primary contact and he is very persistent and sends millions of e-mails to you. In order to convince you that he is legitimate, he will give you names of phone numbers of others to call who can verify transactions or the legitimacy of his company. Everything he provides is bogus.

This is their complete info:

United Arab Emirates Faster Loan Company Limited.
57 Noemi Polios Street Johannesburg, South Africa
Email: [email protected]
Office Line: +277-315-61862

He claims that he is the lender and that the bank, First National Bank of South Africa, underwrites his loans. First National Bank of South Africa has absolutely no idea who this person is. In fact, when I was told what bank he used, I contacted the bank and received a very nice e-mail from their fraud department. They were very interested and since he is using their bank name, they intend to look into the matter.

My intent here is to just get this onto the internet to warn others of one more scammer to look out for. Please, when contacted by these people....do not participate in their scam. And when contacted by anyone offering you a really good deal on a loan over the internet, please report them immediately because chances are they are not legitimate.

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Comments

  • Sharon
  • Sharon SBID #c0006f90dd
  • Posted 09/17/2014
  • United Arab Emirates Faster Loan Company Limited.
    57 Noemi Polios Street Johannesburg, South Africa
    Email: [email protected]
    Office Line: +277-315-61862

    Good Day Sharon Haddix

    Thanks for your email. I want you to understand that we will be able to offer you the loan amount of $5,000.00 USD for the loan duration of 2Years. Before we will proceed with this loan transaction, I want you to take a look at the LOAN TERMS stated below and get back to me if you are in agreement with it. After reading this mail, just get back to us if this loan terms are acceptable by you so that we will be able to send you more information about the loan Transfer options...
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  • Sharon
  • Sharon SBID #c0006f90dd
  • Posted 09/17/2014
  • IN SUCCESSFUL COMPLETION OF THIS LOAN TRANSACTION , YOU ARE GUARANTEED TO GET YOUR LOAN AS SOON AS POSSIBLE, CONSIDERING YOUR RESPONSE TO THIS TERMS AND CONDITION AND AS SOON AS THIS TERMS IS AGREED,YOUR LOAN WILL BE INSURE TO BE TRANSFER TO YOUR PREFER MEANS.....

    LOAN REPAYMENT SCHEDULE:
    ****************************** ****************************** ***************************
    The loan repayment will be made on a monthly basis which consist of the Principal loan amount and interest together. Like it's written, the loan duration/period is for 2years) So find the interest rate and repayment schedule below.

    Loan Amount: $5,000.00 USD
    Loan Interest Rate: 3%
    Loan Term: 2 years

    Monthly Loan Payment: $214.91
    Number of Payments: 24

    Cumulative Payments: $5,157.74
    Total Interest Paid: $157.74

    Note: The monthly loan payment was calculated at 23 payments of $214.91 plus a final payment of $214.81.
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  • Sharon
  • Sharon SBID #c0006f90dd
  • Posted 09/17/2014
  • LOAN AGREEMENT/CONDITIONS:
    ******************************
    ****************************** ************** **************
    { 1 } The applicant will start the repayment of loan six {6 }months after the loan has been transferred to him/her.

    { 2 } Failure to pay back the loan at this expected date/period, legal actions will be taken against the applicant by our attorney immediately.

    { 3 } Applicant who is unable to meet with the repayment will be given 2 weeks more as a grace period before legal actions will be taken.

    Now that you have read the loan terms, Just get back to us and let us know if you are in agreement with it so that we will be able to send you more information on the loan transfer options. We will kindly await an email from you as soon as you get this mail. Regards To You And Your Family.

    Mr Musa Leng Muralidhar
    P/N +277-3156-1862
    Managing Director.
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  • Sharon
  • Sharon SBID #c0006f90dd
  • Posted 09/17/2014
  • And my reply:

    i am in agreement with these loan terms, however,I will need some type of government certification that you are a legitimate company as there are so many scams generated over the internet. As a financial enterprise, you should have documentation that says you are allowed to do business.....please send that documentation to me. I regret that I must ask for this, but I was recently "taken" by a company claiming to be legitimate. Once I have received your documentation, and have verified it, I will gladly send the required proof of my identity.

    Regards,
    Sharon
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  • Sharon
  • Sharon SBID #c0006f90dd
  • Posted 09/18/2014
  • Another email trying to convince me that he is legitimate.....and to lay a guilt trip on me

    Good Day

    I received your e-mail. NOTE: I must let you know that this Loan Company is base in South Africa and hope you do know that we do not do such thing to a client rather than helping him or her so i must let you know that you are in a Good Company to get this loan funds..And as for the Fee Charges, why this fee is needed from you is just because the Fee will use it to release the loan funds to you with the Certificate, without any further delay when the fee must have been paid by you and i do guarantee and give you 100% assurance that once this fee is been send by you,You will surely receive the loan without any further delay and i do hope that you will repay back this loan on time when the time is due for the Monthly Repayment OK.

    NOTE: that attachment of this email is my lending certificate and the guarantee document to show you that once you send the 175Usd your loan funds will be transfer to you without any further delay OK.
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  • Sharon
  • Sharon SBID #c0006f90dd
  • Posted 09/18/2014
  • It is very clear to my understanding that you are trying to let me know that this is a scam. This is interesting but not impressive. Most failures in life are people who never realize how close they where to success when they gave up.This is an opportunity for you. And I will do every thing possible to make sure that you grab this opportunity. This issue of you calling this transaction a scam will not contribute positively to this transaction. This is because when their is trust in business, business excel.Transactions like this are hard to believe,only the end can tell.Hope you are used to this phrase"the ends justify the means".No body is interested to know how you started, they will always want to know how you will end.Surprising things are more appreciated than non surprising things, I am going to put a surprise in your face as long as this transaction remains.
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  • Sharon
  • Sharon SBID #c0006f90dd
  • Posted 09/18/2014
  • One important thing you have to Note in International Transaction is the fact that Trust,Understanding and Co-operation is highly needed as to enable both the Lender and the Borrower Develop Understanding for one another.Another Thing you have to Understand is that it depend on the Firm the Loan Fund is Coming from that will enable you Know if the Transaction you are Transacting is Legit or Not.Your last emails are giving me signs that you will never know what i am about to do for you. I have never involved myself in any form of Scam Activities and I see no reason why you should be taking this matter too far to that extent.I do what pleases me because I noticed that those who does what pleases them are the once that receives reward from God mostly.

    With all these information the loan funds can be transferred to you with in the next 6Hours when the fee must have been send down by you and i do want you to know that once you agreed to this right now and you have send down your WESTERN UNION INFORMATION.

    Thanks for your understanding,co-operation and for choosing this firm.

    Best Regards
    Mr Musa Leng Muralidhar
    Managing Director.

    NOTE: IT TOOK SOME TIME, BUT I WAS ABLE TO VERIFY THAT THE DOCUMENTS THAT HE SENT WERE NOT LEGITIMATE......AS PHONY AS HE IS
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  • Sharon
  • Sharon SBID #c0006f90dd
  • Posted 09/18/2014
  • This was my reply to the above email:
    if i send this payment, how soon would money be transferred to me.....

    REPLY:


    Good Day Sharon Haddix

    We received your email, i will want you to know that once you send the fee your loan funds amount of $5,000.00Usd will be wire to you via western union within the next 6hours without any further delay, please you have to try your possible best to make sure you send the fee on time so that we can get this transaction done on time and you have to give me this last chance to prove my faith to you by sending the only payment of 175Usd and i promise you that that once you send the fee i will not let you down or disappoint OK.


    Thank for your understanding regarding the transfer process to your transfer'

    Note that we only ask for the 175usd to complete your loan fund to you via western union within 6hours without any further delay from us

    You have to have it mind that once the payment is confirm then your loan fund will be transfer to you within 6hour working service without any further delay from us.

    Please we need your western union information to wire the loan fund to your destination

    You have to send this information along with the payment details once you make the payment today without no delay

    This is the Western Union Information to make payment and act as instructed

    Receiver Name: Chima Simon
    Country: South Africa
    City: Johannesburg'
    Address: 345 Commissioner Street
    Text question: Who?
    Text Answer: God
    Amount Sending:$175 Usd

    Once you make payment then you have to send us this information below to enable us to confirm your payment so we commence on your loan transfer and also give us your direct number to reach you

    Thanks for your understanding,co-operation and for choosing this firm.

    Mr Musa Leng Muralidhar
    P/N +277-8222-5887
    Managing Director.
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  • Sharon
  • Sharon SBID #c0006f90dd
  • Posted 09/24/2014
  • Rather than submit each email from this company, I thought I would post only those where Mr. Musa asks me to trust him, understand him, have faith in him and give him a last chance as well as emails where he invokes God's name to further his scam, where he begs that I do something, and where he guarantees his service.
    In compiling these items, from 7/5/12 to 8/16/12, he asks that I trust him 31 times, tells me it is the last payment 11 times, invokes God's name 15 times, guarantees me 20 times, begs me 13 times, that I understand him 52 times and that I give him a chance 17 times. This does not include the numerous times that he swears on the life of his family that he is not a scam.

    Here are just a couple of examples:
    This is the one that includes almost all the phrases listed above:
    Thanks for your response and i quite understand your your email, I will want you to know that this will be the last payment you are going to send for your loan funds transfer to you via western union, please you have to give me this last chance and it is 100% guarantee rest assured that you will not be making another payment, trust me for this, this will be the last payment you are going to send for your loan funds to be release by the tax agent and i asked everybody who is the charge of this transferred and the western union agency if there is still another fees you need to be send and they all guarantee you and i that this will be the last payment for you to receive your loan funds this time OK.

    It is very clear to my understanding that you are trying to let me know that this is a scam. This is interesting but not impressive.

    Please i beg you in name of God to give me this last chance and i promise i will not disappoint please i am on my knee begging to you to give me one more chance OK
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  • JeanC
  • JeanC SBID #c0006f90dd
  • Posted 09/27/2014
  • I just received an email from these people....let them know in definite terms that I checked the internet and found that they have been listed as a SCAM.
    • Was this helpful?

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Company Statistics

  • Complaint Against United Arab Emirates Faster Loan Limited
  • Complaints Filed: 1
  • Reported Damages: $0.00
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