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Loan Fraud Canada

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BUSINESS
March 20, 1996 | MYRON LEVIN, TIMES STAFF WRITER
Using the international boundary as an invisible shield, dozens of Canadian telemarketers have cheated credit-starved U.S. consumers out of millions of dollars in fees for loans that were never made, according to Canadian authorities investigating the firms. A single company, Ideal Credit Referral Services Ltd., allegedly defrauded about 3,200 Americans of $1 million in just five months last year, an estimate based on records seized in a police raid in Vancouver, British Columbia, said Cpl.
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BUSINESS
March 20, 1996 | MYRON LEVIN, TIMES STAFF WRITER
Using the international boundary as an invisible shield, dozens of Canadian telemarketers have cheated credit-starved U.S. consumers out of millions of dollars in fees for loans that were never made, according to Canadian authorities investigating the firms. A single company, Ideal Credit Referral Services Ltd., allegedly defrauded about 3,200 Americans of $1 million in just five months last year, an estimate based on records seized in a police raid in Vancouver, British Columbia, said Cpl.
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