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Attorney Generals Warn Against Scams During National Consumer Protection Week

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published February 13, 2007

By Author - LawCrossing

Maryland Attorney General Gansler spoke out about scams involving advance-fee loans. This type of scam usually involves a con artist who contacts an individual who has applied online for a loan and asks for a deposit in order to grant the loan, claiming that the deposit is required because of the individual's credit history. The individual is told that once he or she wires the deposit to the designated location (which is usually outside of the state or even outside of the U.S.), the loan will be approved and the funds will be available within his or her bank account. However, the sad truth is that after the transfer of money occurs, the con artist bolts, and the individual loses his or her money.

Gansler wants residents of Maryland to be informed about advance-fee loan scams so that they do not become victims. His tips, as reported on www.allamericanpatriots.com are:

—Be extremely skeptical of offers that imply a guaranteed loan or credit card, regardless of credit history.

—Check out any company offering a loan with the Maryland Division of Financial Regulation by calling 410-230-6097. All businesses offering consumer loans in Maryland must be licensed with the Division.

United States
—Contact the Attorney General's Consumer Protection Division at 410-528-8662, toll free 1-888-743-0023, or online at www.oag.state.md.us, or the Division of Financial Regulation, if they have been a victim of an advance-fee loan scam.

In addition, Texas Attorney General Abbott spoke out against foreign lottery scams and warned elderly residents of the state to be on guard against such scams. Recently, residents have been fooled by a caller claiming to be the President of Jamaica. The caller informs the individual on the other end of the line that he or she has won the lottery, but in order to receive the prize money, he or she must pay some taxes on it first. Once he or she sends the tax money to the caller via a wire transfer, the caller disappears with the money.

"Don't be fooled. Callers claiming to represent foreign lotteries are con artists who cannot be trusted," Attorney General Abbott said in an article on www.allamericanpatriots.com . "These kinds of promises are always fraudulent and aim to bilk consumers out of their hard-earned money. Texans who receive these calls should just hang up."
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