Washington State Department of Financial Institutions

Consumer Alert:
Sherbourne Financial Lending Group

Advance Fee Loan Scam

April 14, 2009

The Washington State Department of Financial Institutions is warning consumers to verify the license of any lending professional they are considering doing business with to avoid becoming victims of potential scams.

Sherbourne Financial Lending Group appears to be conducting an advance fee loan scam.

Sherbourne Financial Lending Group has advertised using a Web site, www.sherbourne-financial.com, although this Web site is no longer operational.
They have listed an address of:

801-6701 Democracy Blvd
Bethesda, MD 20817

The property manager of this building has confirmed that no company named Sherbourne Financial Lending Group has ever been located there. Neither the Washington State Department of Revenue nor the Office of the Secretary of State shows that Sherbourne Financial Lending Group is authorized to do business in Washington. The company is not licensed by the Department of Financial Institutions. Sherbourne Financial Lending Group does not appear to have any physical presence in Washington State.


How The Potential Scam Works


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.

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