I, too, have received correspondence from this company... They told me that I could get a privately invested $5000 loan for a fixed interest rate of 6%. He faxed me a "contract" to my place of employment and told me I had to pay 2 months of the loan as collateral which amounted to $860. I looked them up on the BBB website and allot of companies listed under Emerson Financial Group came up but the one based in New York, NY wasn't even registered. I called them and I asked them why they wern't registered with the BBB and they said that they felt they didn't need to affiliate themselves with that organization because they were "PRIVATELY" funded. I said whatever but when I got the loan documents, they looked flimsy and fake. I went to their website and there was absolutely NO contact information. The website, www.emersonfinancial.net, looks legit. On one last hunch, I went to Google and typed in Emerson Financial and oh my goodness, what the heck did I find. 10 pages and some of complaints and terrible stories of families getting ripped off by these scam artists. The guy who contacted me, William Bishop, who identifies himself as the "Senior Loan Consultant", was very adamant that I complete the loan and send him the money within 2 days of him talking to me and I would have my money within 1 business day of them receiving the collateral. It sounded believable but it just didn't sound right. I see the Nigerian and UK scams in my e-mail inbox all the time and I guess the reason people are believing and falling for this scam is because it is US based... No one with funny and bad accents answering the customer service calls... It is very well thought up. I send out my prayers to the people who have been taken advantage of by these people. I have made a lengthly complaint with the New York Metropolitain BBB in hopes that they will shut these people down. The may be successful but they will probably close and open with another name. My fiance was a victim of a similar scam with a company called Manex Swiss Financial Group where they promised him a $10,000 loan if he sent them $1,700 up front as collateral and it goes toward the principal balance of the loan. Unfortunately, he fell for it and within 3 days of him sending them his money, they website was shut down and all the 800 numbers were disconnected so a word to the wise, the internet is a valuable tool in finding out about things like this. Just type it in and you will be amazed at what you find.
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