South Atlantic Commerce
Complaint 49767 Details

We were searching the internet for a loan and I received an email from David Jefferson who said if I put 825.00 up front, I would be approved for a loan of $5,000 and that would be the payments for the first 6 months. I felt uncomfortable about that, since it didn't seem like collateral at all. I had my husband call and he was convince it was ligimate due to the web page, telephone, fax and at that point, there were no reviews and BBB had no complaints. So my husband asked how much we were elibilbe for. He said 8,000.00 but the upfront money would by $1,275.00. It would take 3 to 4 weeks to get the loan unles we used the holiday"express service" and used Western Union to send the money directly to the lender - Carlo Vasculeuz in Madrid Spain. - We did and paid 126.00 to pay W.U. The money would be in our account the next day. Of course it was not. I called David Jefferson and he was just "stunned" and put me on with Vincent Davis, who said we had to send another !1,275.00 to get the loan. I flipped and demanded my money back wired into my account. He insisted he could not do that until 12/9. My husband then contact him and convinced him he was honest and we would get our money back 12/9. I had many emails and phone calls with David Jefferson about my concern with a scam for fraud - they are definetly professionals during our arrangement of the loan. I received a loan contract. I faxed him our pay stubs, dr. lic., etc. Then, by that time I looked again at the internet and started seeing the complaints. Suddenly, they had no internet and no phone. I reported them to the BBB who replied that they tried to find them and the mail was returned with "no existing address". I then filed a report with the FBI internet fraud department, who eventually will look into seeing that get thousands of these crimes a month. We borrowed the 1,300.00 from a friend who we were going to pay back when the loan arrived. It's hard to believe that they cannot be traced, by phone, fax, internet or email. Do you not have to have ID to get some of these services. I hope they rot in hell.
C. Gall