Kennedy Financial Trust - Washington, DC
Complaint 21401 Details

On 8/12/2011 I contracted with Kennedy Financial Trust (supposedly a loan company) to obtain a loan for $10,000.00. The person I spoke to Mr. Lyle Hudson, told me that I had to send the company a security deposit of $1,413.00 which would be used as an upfront fee to cover the first seven months of repayments for the loan. I agreed and sent the money as instructed by Mr. Lyle Hudson through Western Union.

After the money was sent, Mr. Hudson contacted me again, and told me that their was a setback prior to me getting the loan because the lender needed an additional $2,500.00, as an additional insurance money. Mr. Hudson claimed, this was because the lender had checked my credit score after he and I had spoken, and found that my credit score was low. I then notified the company that I no longer wished to pursue the loan or to do business with them and I refused to send them any additional money. I also requested to have the money I had sent them earlier, be returned to me.

Mr. Hudson then turned me over to Mr. Peter Clark who he claimed was his Supervisor. Mr. Peter Clark, in turn, then informed me that he was the Manager at the company and after we further discussed the issue, he promised and ensured me that my money will be definitely returned to me on September 7, 2011 through a bank deposit which the company would make into my given bank account to reimburse me. I then accepted their settlement offer to reimburse me .

The money promised, however, was never deposited on September7, 2011 as promised, and never was received. Since then, I have called their company on numerous occasions, but to no avail and have been unable to get to speak with anyone. All I'm able to get are the company's voice recorded messages whenever I call, saying both men are no longer with the company and that their extensions have been changed.

I filed a complaint with the Better Business Bureau Agecy but was then notified by the Better Business Bureau that the letter of complaint they forwarded to the company was returned to sender as wrong address. The Better Business Bureau agency stated that the company could not be found and they would therefore have to close their case against Kennedy Financial Trust. HuH???? Is this for real? What a 4KingScam?!!/?