CSL, CornerStone Lending, Inc - Advance Fee Scam

Date Posted: 
Monday, April 6, 2009

CornerStone Lending, Inc. is a licensed Mortgage Broker located in Wenatchee, Washington.

CornerStone Lending's name has been used in an advance fee scam advertising loans on the internet.

The internet scam is not affiliated with CornerStone Lending, Inc.

Individuals should never send money in exchange for the promise of a loan.

CornerStone Lending, Inc. (Washington License # 510-MB-23579) is located at
411 North Mission St
Wenatchee, WA 98801

How The Scam Works

  • Consumers who respond to the internet advertisement are told that they have been approved for a loan
  • The consumer is required to send a down payment of several thousand dollars and the money must be wired to an individual in Canada before the loan proceeds can be sent
  • Once a consumer sends the money, no loan is provided.

If You Feel You're A Victim
If you feel you have been a victim of a potential advance fee loan scam, please contact the Federal Trade Commission at 1-877-FTC HELP (382-4357), or online at www.ftc.gov. Also, victims should report their experiences to the Internet Crime Complaint Center at www.ic3.gov.