Washington State Department of Financial Institutions

Consumer Alert:
Countrywide Financial Corp.
Scammers Using Company Name

July 9, 2008

Scam artists have been using the name Countrywide Financial Corp. as part of an advance fee loan scam. In addition to the name, these scammers give out the address of Countrywide’s Atlanta branch office and may use the names of actual Countrywide employees.

The scammers contact victims offering a small business loan. As part of the loan application, victims are told that they will need to purchase insurance. The victim is directed to wire money to an individual in Canada and that loan proceeds will be wired to their bank account within 24 to 48 hours. Once the money is wired, no loan is ever received.

Consumers should never wire money in order to obtain a loan.

Victims should report their experiences to the Internet Fraud Complaint Center at www.ic3.gov.

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