Smart Money Loan Fraud

SMART MONEY LAONS claim they give the best interest rate unsecured loans and they will help anyone. yet deal with them and you will soon find out that this is a fraudulent company. They stole the company name from a UK based loan firm ( and if you search them, on their website it states that there are fraudsters using their company name) they claim you need to transfer money firstly as insurance, if you qualify.. (trust me, no matter what you will qualify) an amount of R 1454 is to be paid.  And then later of R 4800 as clearance as they use international banks. the international bank is Sandton bank, which there is no record of anywhere online. But the ask for a R 4 200 transfer for activation of an account.
Yet all the bank accounts the money needs to be transferred to is local: FNB and Capitec.FNB : ACCOUNT HOLDER: Ms Busisiwe Sangoni
Capitec : Account Name: Ms Bn Tseke  Company Name SMART MONEY LOAN FINANCE SERVICE
Contact Number:+27612518255
Fax Number: 0864331695
Company Origin SOUTH AFRICA
Motto: We Put End To Financial Concern
The names are Frank and the number he uses is :+27612518255and Jeff Catlin tell +14154138725 (allegedly) Jeff Catlin. Tel: +14154138725

Report ID: 6609
Crime Category: Fraud
Province: Gauteng
Suburb: Equestria
Address: 201, Tecom Building, BURG Street,Rossetville turfortien JHB,South Africa - Se
Crime Date/Time: 1 Jul 2014, 00:07 AM
Reported By: Username6609
Reported Date: 8 Jul 2014, 14:07 PM
Related Link: View

Join the conversation

  • G.D Gulston 31 Jul 2014, 11:12 AM

    Good day I applied for a loan and I needed to pay in some money but no loan money was putt in my account what can I do please help thank you.

  • Username6609 27 Jul 2014, 06:46 AM

    I am so sorry to hear that. it is shocking how people can actually get away with such nonsense... I think he uses a new number after every victim.. ( I am not sure, as I flagged his last adds on every website I could find) and somehow he is back.. Somehow, some way someone needs to get this guy..

  • debbie meyer 26 Jul 2014, 02:20 PM

    good day, wish i read your e-mail earlier, because just now we have been spamed out of almost r15000 and this frank guy uses a new number and a new bank now, he usues nedbank now and 2 new numbers, i could cry so much in debt i am now for believing this man. can no one catch thsi guy and get some of our money back. i have never been neading a loan but wanted to buy a car and now all is in vain plus my last money for the month.

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