354s True Scams: Stories of Fraud & Deceit - S101 images and subtitles

In an ever-growing marketplace full of promise and opportunity, new methods emerge constantlythat are designed to cheat you, the consumer, out of your hard-earned money.Every day your Better Business Bureau hears from consumers who have been cheated and liedto by scammers looking to trick unexpected people.Here is one of those stories:Hi, my name is Lisa Avalon.About a week ago, I applied for a loan online for a new car after my previous car brokedown; and I applied for about a $7,000 loan.I hadn't heard back in a couple days and then a week goes by and someone contacts me fromAce Loan Agency.Lisa: ‘Hello?Ace Loan: ‘Miss. Avalon?’ Lisa: ‘Yes this is her’ Ace Loan: ‘This is Jimmy Bob...Tagger.Jimmy Bob Tagger.Now, I’m with Ace Loan Express.About a week ago you applied for a $7,000 loan?’Lisa: ‘’Yeah’ Ace Loan: ‘Do you recall doing that?’Lisa: ‘I do’He said I had been accepted for the loan which I was ecstatic about because I was desperatefor a new car.Ace Loan: ‘You got approved for a $7,000 loan’Lisa: ‘That’s awesome!’Ace Loan: ‘You need to get that new car, huh?’Lisa: ‘Yeah, I'm desperate’ Ace Loan: ‘Yeah, I bet it will help a lot,and that’s what we’re here for’You know, he told me the monthly rates were going to be really low, about $178, whichI thought was awesome.But the only thing was that I had to pay the first three months up-front, which was I thinkwas $534.Ace Loan: ‘So you have a $7,000 loan coming to you.What are you going to get?’Lisa: ‘I’m going to get a Honda Odyssey’ Ace Loan: ‘Yeah that nice Honda?’Lisa: ‘Yes’ Ace Loan: ‘You already picked it out?’Lisa: ‘Yep’ Ace Loan: ‘Tell me, what color?’Lisa: ‘White’ Ace Loan: ‘Yeah yeah, white is always good,white is always good.Okay - yeah you probably want to know, yeah, it’s a $7,000 loan,a three-year repayment, $178 a month’ Lisa: ‘Wow’Ace Loan: ‘Yeah, you probably are surprised, yeah.Yeah, we know that some people probably do have a lot of trouble with their credit’Lisa: ‘Yeah, I definitely do’ Ace Loan: ‘Yeah, but this… because, becauseyou had some problems, we have some, just a simple rule, we look for our three-monthpayment up-front’ Lisa: ‘Okay, three months’Ace Loan: ‘Well a monthly payment would be $178, that would be $534’Lisa: ‘$534 okay’ Ace Loan: ‘So we need you to actually sendus the $534’ Lisa: ‘Okay’And he said he needed that payment within two hours from when he was talking to me andI thought that was really weird.Ace Loan: ‘But, here’s the kicker, alright?It’s 1 o’clock in the afternoon, we need you to send that $534 to us within the nexttwo hours’I was like, ‘sure I can mail a check to you’, but he was like, ‘oh no no no,I need a green dot card.’Lisa: ‘Yeah I don't’ have a credit card...I could send a check?’Ace Loan: ‘No you won’t have to send us a check.Actually what we’re going to prefer is you’re going to have to get a green dot car.Do you know what that is?’“I would have to go to a Walmart or a CVS, put money on the card and then mail it intohim.”Ace Loan: ‘Well it’s a form of a checking account.It’s a form of a credit card.You’ll go down to CVS or Walmart, is that nearby?’Lisa: ‘Yeah like 10 minutes’ Ace Loan: ‘Yeah about 10 minutes away?Okay we need you to go down there and to buy one and then put this $534 on it.They’ll help you’I was kind of skeptical, but I was desperate for a car.Ace Loan: “You’re just going to say, ‘okay I’m sending off the payment’’Lisa: ‘Okay?’Ace Loan: ‘You put the $534 down on that card and you call me back’Lisa: ‘Okay’ Ace Loan: ‘I’m going to give you my number.So you have to do it in the next couple of hours’“He said that within an hour of sending it in he would mail me my loan.”Ace Loan: ‘Within an hour of you making that payment, I guarantee you we will be sendingyou the $7,000 check’ Lisa: ‘Within an hour?’Ace Loan: ‘I get it there, you know, before 6 o’clock, it’ll be in your mailbox onWednesday’ Lisa: ‘Wow’“So I just decided to do it.So I sent it in.”Ace Loan: ‘So what are you going to do?You’re going to call me back on this number, alright?It’s 1-800-FREELOAN’ Lisa: ‘1-800-FREELOAN’Ace Loan: ‘1-800-FREELOAN, you call me back.Again, I’m really happy to be helping you get that Honda Odyssey’“So I went to Walmart, I put the $534 on the card and I mailed it to him.”Ace Loan: ‘Alright Lisa, I’ll talk to you in a couple of hours’“And then I never heard back from him.My name is Lisa Avalon, I’m here today to tell you to not make the same mistakes thatI did and make sure you verify who you’re dealing with before you make any transactionsfor money or loans or anything.He seemed like a really good guy and he, you know, was asking me a lot of questions andseemed really friendly so I didn’t really think that he was a scam artist or anything.I never thought it would happen to me, that I would get scammed, but I did.You hear about these sort of things happening to other people but you never think it willhappen to you, until it does.”

True Scams: Stories of Fraud & Deceit - S101

This is the first of the series for True Scams: Stories of Fraud & Deceit. Better Business Bureau's (BBB) new scam series provides insight into the world of scammers and their victims. Learn more about how to avoid the Advance-Fee Loan Scam in this episode. Search for and report scams in your community: bbb.org/scamtracker/boston
con artist, Advanced Fee Loan, BBB, fraud, &yt:cc=on, scammer, Consumer, loan, Docudrama, Advanced Fee Loan Scam, Scam, Better Business Bureau (Organization),
< ?xml version="1.0" encoding="utf-8" ?><>

< start="0.089" dur="6.091">In an ever-growing marketplace full of promise and opportunity, new methods emerge constantly>

< start="6.18" dur="4.64">that are designed to cheat you, the consumer, out of your hard-earned money.>

< start="10.82" dur="4.13">Every day your Better Business Bureau hears from consumers who have been cheated and lied>

< start="14.95" dur="4.24">to by scammers looking to trick unexpected people.>

< start="19.19" dur="4.92">Here is one of those stories:>

< start="32" dur="3.23">Hi, my name is Lisa Avalon.>

< start="35.23" dur="7.76">About a week ago, I applied for a loan online for a new car after my previous car broke>

< start="42.99" dur="5.34">down; and I applied for about a $7,000 loan.>

< start="48.33" dur="6.549">I hadn't heard back in a couple days and then a week goes by and someone contacts me from>

< start="54.879" dur="1.43">Ace Loan Agency.>

< start="61.15" dur="1">Lisa: ‘Hello?>

< start="62.15" dur="2.889">Ace Loan: ‘Miss. Avalon?’ Lisa: ‘Yes this is her’ Ace Loan: ‘This is Jimmy Bob...>

< start="65.039" dur="1.4">Tagger.>

< start="66.439" dur="1.02">Jimmy Bob Tagger.>

< start="67.459" dur="2.27">Now, I’m with Ace Loan Express.>

< start="69.729" dur="3.59">About a week ago you applied for a $7,000 loan?’>

< start="73.319" dur="2.66">Lisa: ‘’Yeah’ Ace Loan: ‘Do you recall doing that?’>

< start="75.979" dur="1.2">Lisa: ‘I do’>

< start="77.179" dur="5.351">He said I had been accepted for the loan which I was ecstatic about because I was desperate>

< start="82.53" dur="1.07">for a new car.>

< start="83.6" dur="2.409">Ace Loan: ‘You got approved for a $7,000 loan’>

< start="86.009" dur="1">Lisa: ‘That’s awesome!’>

< start="87.009" dur="1.75">Ace Loan: ‘You need to get that new car, huh?’>

< start="88.759" dur="3.42">Lisa: ‘Yeah, I'm desperate’ Ace Loan: ‘Yeah, I bet it will help a lot,>

< start="92.179" dur="2.21">and that’s what we’re here for’>

< start="94.389" dur="7.05">You know, he told me the monthly rates were going to be really low, about $178, which>

< start="101.439" dur="3.17">I thought was awesome.>

< start="104.609" dur="4.79">But the only thing was that I had to pay the first three months up-front, which was I think>

< start="109.399" dur="1">was $534.>

< start="110.399" dur="3.511">Ace Loan: ‘So you have a $7,000 loan coming to you.>

< start="113.91" dur="1">What are you going to get?’>

< start="114.91" dur="2.819">Lisa: ‘I’m going to get a Honda Odyssey’ Ace Loan: ‘Yeah that nice Honda?’>

< start="117.729" dur="3.291">Lisa: ‘Yes’ Ace Loan: ‘You already picked it out?’>

< start="121.02" dur="2.559">Lisa: ‘Yep’ Ace Loan: ‘Tell me, what color?’>

< start="123.579" dur="1.9">Lisa: ‘White’ Ace Loan: ‘Yeah yeah, white is always good,>

< start="125.479" dur="1.041">white is always good.>

< start="127.5" dur="3.019">Okay - yeah you probably want to know, yeah, it’s a $7,000 loan,>

< start="130.519" dur="5.481">a three-year repayment, $178 a month’ Lisa: ‘Wow’>

< start="136" dur="2">Ace Loan: ‘Yeah, you probably are surprised, yeah.>

< start="138.5" dur="4.189">Yeah, we know that some people probably do have a lot of trouble with their credit’>

< start="142.689" dur="4.191">Lisa: ‘Yeah, I definitely do’ Ace Loan: ‘Yeah, but this… because, because>

< start="146.88" dur="6.139">you had some problems, we have some, just a simple rule, we look for our three-month>

< start="153.019" dur="2.491">payment up-front’ Lisa: ‘Okay, three months’>

< start="155.51" dur="5.059">Ace Loan: ‘Well a monthly payment would be $178, that would be $534’>

< start="160.569" dur="6.161">Lisa: ‘$534 okay’ Ace Loan: ‘So we need you to actually send>

< start="166.73" dur="3.129">us the $534’ Lisa: ‘Okay’>

< start="169.859" dur="6.931">And he said he needed that payment within two hours from when he was talking to me and>

< start="176.79" dur="2.19">I thought that was really weird.>

< start="178.98" dur="2.56">Ace Loan: ‘But, here’s the kicker, alright?>

< start="181.54" dur="6.539">It’s 1 o’clock in the afternoon, we need you to send that $534 to us within the next>

< start="188.079" dur="1">two hours’>

< start="189.079" dur="5.041">I was like, ‘sure I can mail a check to you’, but he was like, ‘oh no no no,>

< start="194.12" dur="2.539">I need a green dot card.’>

< start="196.659" dur="4.021">Lisa: ‘Yeah I don't’ have a credit card...>

< start="200.68" dur="1">I could send a check?’>

< start="201.68" dur="1">Ace Loan: ‘No you won’t have to send us a check.>

< start="202.68" dur="3.91">Actually what we’re going to prefer is you’re going to have to get a green dot car.>

< start="206.59" dur="1">Do you know what that is?’>

< start="207.59" dur="6.19">“I would have to go to a Walmart or a CVS, put money on the card and then mail it into>

< start="213.78" dur="1">him.”>

< start="214.78" dur="1.299">Ace Loan: ‘Well it’s a form of a checking account.>

< start="216.079" dur="2.69">It’s a form of a credit card.>

< start="218.769" dur="3.371">You’ll go down to CVS or Walmart, is that nearby?’>

< start="222.14" dur="3.819">Lisa: ‘Yeah like 10 minutes’ Ace Loan: ‘Yeah about 10 minutes away?>

< start="225.959" dur="5.271">Okay we need you to go down there and to buy one and then put this $534 on it.>

< start="231.23" dur="1">They’ll help you’>

< start="232.23" dur="3.229">I was kind of skeptical, but I was desperate for a car.>

< start="235.459" dur="3.901">Ace Loan: “You’re just going to say, ‘okay I’m sending off the payment’’>

< start="239.36" dur="1">Lisa: ‘Okay?’>

< start="240.36" dur="4.639">Ace Loan: ‘You put the $534 down on that card and you call me back’>

< start="244.999" dur="2.96">Lisa: ‘Okay’ Ace Loan: ‘I’m going to give you my number.>

< start="247.959" dur="3.11">So you have to do it in the next couple of hours’>

< start="251.069" dur="4.411">“He said that within an hour of sending it in he would mail me my loan.”>

< start="255.48" dur="4.83">Ace Loan: ‘Within an hour of you making that payment, I guarantee you we will be sending>

< start="260.31" dur="2.71">you the $7,000 check’ Lisa: ‘Within an hour?’>

< start="263.02" dur="4.76">Ace Loan: ‘I get it there, you know, before 6 o’clock, it’ll be in your mailbox on>

< start="267.78" dur="1">Wednesday’ Lisa: ‘Wow’>

< start="268.78" dur="5.21">“So I just decided to do it.>

< start="273.99" dur="1">So I sent it in.”>

< start="274.99" dur="1">Ace Loan: ‘So what are you going to do?>

< start="275.99" dur="3.679">You’re going to call me back on this number, alright?>

< start="279.669" dur="3.201">It’s 1-800-FREELOAN’ Lisa: ‘1-800-FREELOAN’>

< start="282.87" dur="3.36">Ace Loan: ‘1-800-FREELOAN, you call me back.>

< start="286.23" dur="3.88">Again, I’m really happy to be helping you get that Honda Odyssey’>

< start="290.11" dur="6.22">“So I went to Walmart, I put the $534 on the card and I mailed it to him.”>

< start="296.33" dur="2.69">Ace Loan: ‘Alright Lisa, I’ll talk to you in a couple of hours’>

< start="299.02" dur="3.36">“And then I never heard back from him.>

< start="302.38" dur="6.09">My name is Lisa Avalon, I’m here today to tell you to not make the same mistakes that>

< start="308.47" dur="5.81">I did and make sure you verify who you’re dealing with before you make any transactions>

< start="314.28" dur="1.99">for money or loans or anything.>

< start="316.27" dur="4.82">He seemed like a really good guy and he, you know, was asking me a lot of questions and>

< start="321.09" dur="5.359">seemed really friendly so I didn’t really think that he was a scam artist or anything.>

< start="326.449" dur="6.321">I never thought it would happen to me, that I would get scammed, but I did.>

< start="332.77" dur="3.579">You hear about these sort of things happening to other people but you never think it will>

< start="336.349" dur="2.301">happen to you, until it does.”>