Consumer Statement:
I applied for a loan online and Koch financial said they could get me the money, so so filled out there form and they said I was approved, but I need to take out insurance with there company so I agreed and then they wanted me to buy the green dot cards so I have to buy 7 of them because they only go up to 500 dollars and the insurance was 3000, and after I gave it to them they said I was denied and they would send me the money back and I never recieved it, and now there number is blocked and they aren;t reciveing emails.
Consumer Action Taken:
I tried calling and emailing
Date This Problem Happened: July 3, 2012
State You Live in: Minnesota
Race/Ethnicity: White
Age Range: 51-65
Total Amount of Fee Paid: $3,000
Company Name: Koch Financial
Company Address:
1060 First Ave.
Ste 100
King of Prussia, PA 19406
Company Telephone Number: 877-788-5201
Website of Company: koch-financial.com
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Advance Fee Loan scam… No different than if you had to Western Union them the money. People are getting scammed with these firms all day long. A friend of mine got scammed this was as well. The FBI had to get involved. Sorry friend, you will not see your money again. I would call the authorities sooner than later.