Loan Scam Alert

Loan Scammer – Joseph Frank

Loan Scam – frankjoseph321@outlook.com

The below loan scam email was sent to an email address that exists only to catch scam emails. It has never been used to register on any site, only to communicate with scammers.

Email headers

From: JOSEPH FRANK <frankjoseph321@outlook.com>
Subject: APPLY FOR LOAN.

Email body

Hello,

My name is Joseph Frank. It is my humble pleasure in bringing to your doorstep the very best of loan financing investment options.We understand the challenges of getting approved for a loan with a less than stellar credit score and history. This is why we have specialized for many years in serving and processing the approval of loans for individuals or company/s who don’t have such credit scores. We offer business loans, housing loans, and so many others as well as cover all your loan needs with an exciting interest rates and effortless payment plans. We are working towards expanding our international portfolio globally and funding projects in form of debt financing from $1 Million and above.

This Funding program allows a client to enjoy low interest payback for as low as 3-4% per anuum for a period of 7-10 years. We can also approve personal and business loans from the tune of $500,000.00 USD to $500,000,000.00 USD depending on the nature of business. We currently provide funding for:

* Start-Up Franchise
* Business Acquisition
* Business Expansion
* Commercial Real Estate purchase
* Contract Execution

Our goal is to be able to help everyone as much as possible, regardless of what your credit report has to say. We didn’t establish our company to discriminate. We would be happy to receive your Executive Summary/Project Plan as well as accepting an NDA. It is our firm resolves to diligently participate in any viable project of your choice with a view of financing and providing soft loans for such.

Best Regards,

Joseph Frank.
{Agent, Kapital Yatirim holding}.

Why is this a loan scam?

  1. The email address used is a free Outlook.com address.
  2. The email was mass-mailed to many recipients using BCC.
  3. The email gives no indication of where the lender is based or who they are regulated by.
  4. The ridiculous upper amount of loan being offered.