Washington State Department of Financial Institutions

Consumer Alert

Internet Alert: First Morgan Finance - Unknown in Washington

October 18, 2005

First Morgan Finance advertises on the Internet claiming to provide personal, home, auto, small business, educational, vacation, special purchase and debt consolidation loans. Prior to approving the loan, the company asks for financial information and proof of identification such as monthly income, employer name, contact number and social security number. This appears to be another advance fee loan scam.

Neither the Washington State Department of Revenue nor the Office of the Secretary of State shows that First Morgan Finance is authorized to do business in Washington State. The company is not licensed by the Department of Financial Institutions to make loans in Washington. The website lists an address at 1111 East Madison Street, Seattle, Washington. The property manager and the owner of this location confirmed that no tenant by that name exists. First Morgan Finance does not appear to have any presence in Washington.

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

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