Advance Fee Loan

Scam Type

Advance Fee Loan Scam

Business Name Used


Date Reported

Sep 06, 2022

Victim Postal Code


Total Dollars Lost


Scam Description

Received a call from “Eric Foster” who had an Indian accent. Said I qualified for a $5000 loan. Needed my bank account information, login and password to deposit a “verification amount.” Once it was deposited, was very insistent that I go buy gift cards in the amount of $500 and $320 to repay the “verification amount.” Once I purchased them I was to take pictures of the cards and call him so he could get the info from me in order to “deposit my $5000 loan.” I stopped at that point and asked who he really worked for and how buying gift cards would “repair my credit.” He said he would explain later. He continues to call me about every 5 minutes insisting that I complete the gift card process.