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  • 308 Elgin Street, Canadian Funding Corp - 308 Elgin Street, Canadian Funding Corp. Canadian Career Criminal Sandy Hutchens, Moishe Alexander is active in scamming consumers with his all new "Advance Fee Mortgage Loan Scam" | #22053

Complaint / review / scam report
308 Elgin Street, Canadian Funding Corp
308 Elgin Street, Canadian Funding Corp. Canadian Career Criminal Sandy Hutchens, Moishe Alexander is active in scamming consumers with his all new "Advance Fee Mortgage Loan Scam"

Career Criminal Moishe Alexander AKA Sandy Hutchens is active in a new scam. In 2008 in South Florida alone he has scammed over $100, 000. in Advance Fees for mortgages that he commited to and never funded. Of course the advance fees collected from the would be borrowers are forfeited and no loans have ever been funded.

The scam works like this: Sandy Hutchens who uses the name of Moishe Alexander to hide his criminal past contacts mortgage brokers in South Florida about his ability to fund mortgage loans anywhere from 100K to 25 million. He offers terms & interest rates far below the normal market price to intice borrowers. He offers a "letter of intent" and a formally written "mortgage commitment". He will not proceed until the borrower pays up anywhere from $6500. to $40, 000. depending on the loan size.

After he receives the money he drags on the process for months requesting mountains of documentation from the borrower hoping to wear down the borrower until he hopefully gives up or get a loan somewhere else. In the end if the borrower gives up he will say the advance fee is forfeited because the borrower did not give all the documents requested or that he went somewhere else for funding.

If the borrower perseveres and provides the endless months of mountains of paperwork, then he will find something wrong in the documents and accuse the borrower of misrepresenting something, thus the advance fee is forfeited. If you google keyword " Jewish Whistleblower, Sandy Hutchens" you can read about his other scams. He gains confidence in his victims by representing himself as a highly spiritual and religious Orthodox Jew.

He claims to be the representitive of the Orthodox Community in Toronto Canada for money lending. He is also represented by a Large and Questionable Law Firm in South Florida that also help build his credibility. He is a very clever con artist. He has an answer for everything. The money is always forfeited and always through the fault of someone other than himself. He has never funded a single loan. It is doubtful as to his capability or intension of funding anything. Charging Advance fees for loans is against Federal Law in the United States.

Please report to the Federal Trade Commission if you have been ripped off by this individual. If enough reports are received the FTC and the RCMP (Royal Canadian Mounted Police) may take action to prosecute and shut down this scam.
Author: Contact with Author

Offender: 308 Elgin Street, Canadian Funding Corp

Country: Canada   Province: Ontario   City: Thornhill
Address: 1054 Centre Street, Suite 152
Phone: 9057096244

Category: Business & Finance

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