Total money lost $3,600
Type of a scam Advance Fee Loan
I had obtained supposed loan from this group who you can only contact via email & they contacted me by phone. The loan was for $40,000 CDN. I completed what appeared to be a totally legit application & contractual agreement on loan terms, etc. I was requested for a collateral of $1,800 CDN & sent it to a man in Vaughan ONT via MoneyGram. They contacted me then to obtain reference# for pick up & assured me that my loan of $40,000 would appear in my account within 2-3 hours same day. No deposit to my account was made. Next day they contacted me again requesting additional $1,800 for further insurance that I am eligible to pay back loan….I provided same pay out via MoneyGram. When I attempted to contact the loans officer with the reference# this time , the contact# was not in service. 3 days later I got another call that funds were ready & to provide $500 for its release to me. At this point I requested the return of $3,600 paid out to them…contact# still out of service & they now go under different loan company name while still website of Meyerson Mutual Group is visable on website. I did some research & discovered that the domain of website created 2 weeks ago & office address is listed as available for lease. I don’t want to see anyone else scammed by this supposed company Meyerson Mutual Group out of money as I was. They credit themselves as loaning money to people in dire need when other financial institutions decline their applications.