Loanbiz Scam

I recieveda mail from loanbiz, the guy by the name of K Olivier, who promised to have my ITC cleared in 5 days and also have a loan for me approved. The guy asked for an upfront fee of R150, the balance to be paid when my name cleared, and a fee for the loan. his email address is and cell number is ?0769318140. This guy is a scam as he looks for every excuse.

Report ID: 3016
Crime Category: Fraud
Province: Gauteng
City/Town: Boksburg
Suburb: N/A
Address: online
Crime Date/Time: 22 Dec 2012, 00:12 AM
Reported By: Username3525
Reported Date: 22 Dec 2012, 13:12 PM
Related Link:

Join the conversation

  • Ciska 28 Jul 2014, 07:43 PM

    Karel Olivier advertised on Gumtree for income opportunity selling loans. I paid over my money and it is now 7 weeks and I am still not up and running. He just don't answer my emails and said he posted my business kit sadly to say I did not receive anything as yet. Looks like I am scammed too by this man.

  • Username4892 23 Oct 2013, 01:36 PM

    Hi @Tia appreciate the feedback. sms me your number so I can give you a call on the process and procedures we followed to get your funds back. 072-187-2504/ zunaid at affiliatesportal dot co dot za

  • Username4030 14 Oct 2013, 07:29 AM

    Hi @Faizel, that account number is correct as i have also been ripped off by Karel Olivier i have been begging for him to refund my R900 that he still owes me and he keeps ignoring me and doesnt answer his phone or reply to his emails. i paid the money over to him last year already and to date he hasnt refunded me. This is so frustrating as we have to beg for our own money back.

  • Faizel2 9 Oct 2013, 12:51 AM

    @annesh sarjoo, that acc number is it correct?

  • Username4892 7 Oct 2013, 12:51 PM

    Hi All, does anyone have detail on this Karel guy, as he owes us over a 100 K which he joined our affiliate program and now that it is payment time, he has dissapeared. I want to take further action but we require more info. His other site is also now offline !!!!

  • Username4030 8 Aug 2013, 12:52 PM

    Hi all seems he has taken alot of money from all of us. I was also scammed and he has been promising to refund me now for about a month he refunded R200 of R 1125 that i paid over and now he is just ignoring my calls, emails and messages. Dont know what to do anymore. Maybe i should just contact the Police in George and ask for their advise and open a case. i have his adress as i have managed to trace him but it seems nagging is not helping. Looks like legal action will have to be taken at least i have all emails and correspondences with regards to the promises of payments

  • annesh sarjoo 17 May 2013, 09:42 AM

    Hi all.I wanted to let you know than karel olivier has finally paid me back me refund of the full R500 that was paid to him.he refunded my deposit on the 15 may took a long time but I got it back after weeks of e mailing him on a weekly basis.

  • annesh sarjoo 13 May 2013, 09:23 AM

    Hi.I have also been scammed by karel olivier.I deposited r500 into his capetic bank account no 1164181457 on the 04 december 2012.I was told by the teller that this guy a few accounts with them.I was told by e mail the the process of clearing my name will take 2 to 4 is the 13 may 2013 and he had promised to refund my money on the 25 april.every dad there is an he said he will send me proof.I want to know if I c0an take legal actio against him if he does refund my money today.

  • Belinda Greyling 20 Mar 2013, 03:08 PM

    Hi all. I agree K Olivier from loanbiz is a scam. I also paid a upfront refundable admin fee of R1325 to him on the 14/11/2012. I am currently busy with a court case against him. i am so glad that i save all corospondence on cell and e-mails. And his 13 promisses to refund my refundable admin fee.

Popular categories