SoCal woman charged with wire fraud for scheme
December 14, 2009
Total Loss:
$2 million
A Southern California woman has been arrested for allegedly collecting hundreds of thousands of dollars in "advance fees" from victims who were promised low-interest, multimillion dollar loans. U.S. attorney's officials say Pamela Terry was arrested on a charge of wire fraud at a West Hollywood hotel Friday afternoon. Terry allegedly claimed to be an underwriter at the Federal Reserve Bank and promised her victims 30-year business loans with 2.3 percent interest.
Source:
Mercury News
Posted in:
Check Fraud