Business Credit Scam – Banc of Omaha and More

The Office of the Comptroller of the Currency is warning business owners to beware of offers of credit from Banc of Omaha.

“The Office of the Comptroller of the Currency (OCC) has been informed that an entity calling itself Banc of Omaha purports to be a lender specializing in business capital. Banc of Omaha is not a licensed or chartered bank but is using a logo similar to that of Mutual of Omaha Bank, which is a chartered financial institution regulated by the OCC.

Business owners and consumers (who may not be business owners) are receiving letters by fax and mail stating that their company has been approved for up to $250,000 in working capital. The letter pressures the recipient to respond by a deadline because of limited funds. The correspondence is signed by Sam Thomas and includes a telephone number of (800) 706-7712 and a website address of [www.BancofOmaha.com]. When the telephone number is dialed, an automated recording announces itself as Banc of Omaha; however, the individual who then answers the line provides the names of “Business Services” and “U.S. Business Capital.” No physical addresses are available for these entities.”

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The website looks legit enough but there is more.

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The domain was just registered on July 7, 2016 and the domain ownership is hidden. According to Domaintools.com the “bank” site is running on a GoDaddy.com shared server.

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The site is also running on a WordPress installation using some default values. The description says, “Just another WordPress site.”

But interestingly, some of the same language on the Banc of Omaha site can also be found on the sites for USA Company Capital, Alamo Working Capital, BridgePoint Capital Group, Liberty Working Capital, U.S. Working Capital, American Company Capital, SBA Capital Funding, Business Cash Online, and American Business Capital.

When you look those sites they appear to be identically formatted and use common marketing language.

From my point of view and experience, this certainly appears to be a coordinated network of sites that are possibly engaged in bad acts targets towards business owners.

Anyone who might be thinking about using the services of these companies might want to due a little homework first to make sure you are comfortable with the legitimacy of the company. You can read How to Check Out a Business or Company to Avoid Getting Scammed or Ripped Off do do your own due diligence.

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