Alert number: CA058695_10/08/2025
Note: "WaveFinances” or “Wave Finance LLC” Should Not Be Confused with Wave Financial Inc., a Canadian Company That Does Not Appear to be Related. (www.waveapps.com)
Overview
The Washington State Department of Financial Institutions (DFI) received a complaint from a Washington Consumer reporting a possible scam conducted by individuals claiming to represent “WaveFinances” and “Wave Finance LLC.”
Allegations
At least one consumer reported they received text messages from individuals claiming to represent “Wave Finance LLC.” A representative named “Jeff Brown” reportedly stated someone would call the consumer to discuss a loan offer. The consumer reported that when “Jeff” called them they received a link to verify the consumer’s bank information, including providing their personal bank log-in information.
This alleged scam is associated with the following contact information:
312*446*0366
312*838*9835
312*825*7165
872*200*0290
872*208*1252
[www.wavefinances.us]
info@wavefinances.us
wavefinances309@gmail.com
7000 W. North Ave.
Chicago, IL 60675
DFI cautions that unlicensed entities often engage in certain practices that indicate they are committing fraud or are otherwise violating Washington State law. For instance, such entities often use non-business email addresses (such as -@gmail.com, @yahoo.com, or other similar easily obtained email addresses) to send correspondence, threaten legal or criminal action if consumers do not reply immediately, or contain a variety of typographical and spelling errors in their correspondence to consumers.
However, at times, e-mails or letters from unlicensed entities engaging in fraudulent activity will contain accurate personal information, such as current or past addresses, active phone numbers, or social security numbers. The Department encourages consumers who receive communications containing personal information to contact their banks, credit-reporting agencies, and the Social Security Administration to ensure there is no unauthorized activity on their accounts.
How To Protect Yourself
Consumers should never give any nonpublic person information, such as social security number, credit card, or bank account information to any individual, website, or company without first verifying their identity and license status. Consumers can determine whether a financial services company or individual is properly licensed to conduct business in the State of Washington by using the “Verify a License” feature on the DFI’s website.
Consumers can also check license status with the Department of Licensing, Department of Revenue, and for corporations at the Secretary of State.
Who To Contact If You're a Victim of Fraud or Identity Theft
If you feel you have been the victim of a scam you can contact the Federal Trade Commission at 1-877-FTC-HELP (382-4357) or online at www.ftc.gov. See also more information from the FTC about these scams.
Or the Consumer Financial Protection Bureau (CFPB) at 1-855-411-CFPB (2372) or online at www.consumerfinance.gov.
You can visit to www.preventloanscams.org and fill out the Loan Modification Scam Prevention Network’s complaint form online and get more information on Loan Modification scams.
If the scammers already have your bank account information, social security number, or other personal information, you may be a victim of identity theft. You can contact your bank and the three major credit bureaus to take appropriate precautions. The FTC has information for victims of identity theft online at www.ftc.gov.
If you feel you have been the victim of a scam involving the internet you can contact the Internet Crime Complaint Center online at www.ic3.gov.
If you feel you have been the victim of a financial scam and are concerned about your personal financial information, you can contact your banking institution and the three major credit bureaus. Procedures for contacting the credit bureaus are available on the FTC’s website at www.ftc.gov.
Keep informed about common scams. Visit www.consumer.ftc.gov and click on “Scams” for information about recent scams.