Scam Type
Investment Scam
Business Name Used
Unavailable
Date Reported
July 11, 2023
Postal Code
None
Total Dollars Lost
$ 0
Scam Description
I was contacted via telephone by a person who identified himself as Luke (Luke@franklinsquarefinancing) and stated that Franklin Square Financing was working with the American Rescue Plan and could refinance my home for 2.99% interest and lower my monthly payment and still allow me to take out money. I was later contacted by a man who identified himself as Chris (Chris@franklinsquarefinancing.com) who stated the interest rate had changed to 3.99%, but that I still could take out money while lowering my payment. I sent Chris a mortgage statement and some pay stubs, without identifying numbers (SS number or account numbers) and he said I qualified for the loan and sent me a form titled Borrower(s) Certification and Clients’ Authorization Form and another financial form. Speaking with Chris, his explanation of the loan did not ring true. I checked with the BBB and they led me to this site using the Phone (310) 415-9318. I checked Google for the owner of the phone number and it revealed the owner was Hyacinth Colbert, age 44, address 11309 Annetta Ave, Lynwood, CA 90262. The information listed several prior addresses and aliases. I also checked the address in Studio City via Google and it did not have Franklin Square Financing listed at the address given by Chris. This was also the address he told me to mail a personal check or money order for $1750.00 to cover the expense of the loan prior to the loan being processed.
