How To Report Fraud at Bustathief.com

I was almost a victim of a scam until I began googling Sharp Financial Services Trust, to see who was offering me a loan, and learned about Advance Fee Fraud. They hit every bullet point for signs of an Advance Fee Loan Scam:

1) Not interested in your credit history.
2) Requiring a down payment, or ‘insurance’, wired to them before the loan can be disbursed.
3) It is illegal for companies doing business in the US by phone to promise you a loan and ask for you to pay for it before they deliver.
4) Using a copy-cat name claiming to be registered with the Better Business Bureau
5) Not registered in my state to do business. Not registered anywhere to do business in the US from what I could find.
6) Their from Canada.

Below is part of a ‘loan documentation’ provided to me by Sharp Financial Servcies:

Sharp Financial Services
80 Peel Centre Drive
Toronto, Ontario L6T 4G8
Phone: 1-888-315-0616
Fax: 888-798-8840

Complete and sign all documents. Fax the signed documents (5 pages) back to your consultant. The security deposit of $806.96(USD) will be made to the head of finance, through your local Western Union. This amount is refundable after your first three mounts of your loan terms. Please keep a copy of all documents for your records.

Borrower must send an advanced payment in the amount of $806.96(USD) and return all signed documents along with two pieces of ID, to our company by Fax. (This is for the protection of the Borrower as well as our company, also advancement terms are determined by the borrower as well as our finance department).

** note: the second form of ID requested was a copy of my social security card

The Long Term Loan Program Agreement, Terms and Conditions, Policies and Procedures, and the Promissory Note all form a contract between Lender and Borrower. Article 1, Section 10 of United States Constitution – “Right of Unlimited Contract”, protects this contract.

Borrower agrees that at no time the advance payment is ever at risk unless you default on the loan plan program.

Insurance Coverage $806.96
Security Method Borrower has chosen to secure Advancement

We are in receipt of all relevant documents as per SHARP FINANCIAL SERVICES. You are required to send your advanced payments before the loan can be issued in order to secure the lenders funds.
The final processing of your loan from this point will take approximately 3-6 business days. In order to insure prompt and accurate delivery of your funds, please read the following choices and indicate your preferences.

Your funds can be allocated through one of the following methods:
• Sent to you via courier, which will take 72 hours
• Direct deposit in your checking account, which will take up to 48 hours
If you would like to receive you loan by courier, please complete the following.

Name:

Address:

Contact Num:

Delivery time preference:

If you would like direct deposit, please complete the following.

Bank Name:

Bank Address:

Bank Telephone Number:

Routing Number:

Account Number:

Advance Payment: The advance payment of $806.96(USD) is fully refundable after 90days; once the borrower keeps up with their monthly payments. The advancement is also used as a security blanket; meaning if the borrower miss a payment within the first three (3) months it will be deducted from the deposit. This does not affect your credit in anyway it is still recorded as a payment.

All agreements have been reviewed by the Law Offices of Bryde, Dunst & Associates. By signing this agreement I agree with all the terms and conditions of this International Loan Program with Sharp Financial Services.

This post was submitted by Max.