Loan Scam – privatefundsfoundation@gmail.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: Michael Smith <privatefundsfoundation@gmail.com>
Subject: Quick Loan offer Apply now
To: undisclosed-recipients:;
Bcc: [REDACTED]

Email body

Dear Valued Customer,

Do you need a personal loan, investment loan, vacation loan, Business Loan, Student Loan, Home Loan or any kind of loan? We offer loans at 3% interest rate. We offer affordable loans from $5000 to $8000000. Contact us for more information.

Best Regards
Mr. Michael Smith

Why is this a loan scam?

• The email address used is a free Gmail address.
• The email was mass-mailed to many recipients using BCC.
• The email gives no indication of who is offering the loan, where they are based or who they are regulated by.
• The ridiculous upper amount of loan being offered.