Sun King Financial Newspaper Scam

Date Posted: 
Monday, February 7, 2005

Sun King Financial has advertised in the Philadelphia Inquirer newspaper that it makes loans. This is appears to be another Canadian advance fee loan scam. It may also involve identity theft.

The consumer is asked for basic information, such as name, address and Social Security number. The company tells the consumer that the loan is approved and asks for additional information, including bank routing information, copies of the consumer’s social security card, driver's license and proof of employment or income. The consumer is then told to wire a security deposit to the company at 105 Main St, Toronto, Canada prior to getting the loan. Once Sun King Financial gets the deposit, a second deposit to cover the first and last month payment may be required. Ultimately, the consumer does not get the loan and does not get any money back from Sun King Financial.

Sun King Financial is not a licensed mortgage broker or consumer loan company with the Washington State Department of Financial Institutions, and no company by that name is registered to do business in this state. Sun King Financial has used the address 105 Bonnieview Place, Aberdeen WA. This is a private residence and appears to have no connection to Sun King Financial. Sun King Financial used a toll free telephone number of 877-447-0417, however that number is no longer operational. Numerous names are associated with Sun King Financial, including Martin Brown, Paul Cook, Alex Smith, Adam Jones and Cheryl Brooks. Although there are many companies listed at the Toronto address, there is no listing for a Sun King Financial.

Any victims should report their experiences to the Office of the Attorney General for his or her state or to the local office of the FBI.