complaint, 14 entities, scam, usury, bank draft invasion, fraudulent credits, online scams, fraud, alert, previous payments, undelivered loans, citizen alerts, cmf alerts, iluca, clp loan, LGB, General Banking Law
The complaints include 11 entities that offer credits in an allegedly fraudulent way and request previous payments to access loans that are not subsequently delivered.
In some of these cases, they are also entities that appear to be supervised and audited by the CMF.
Additionally, two other entities have been identified that offer credit exceeding the current Maximum Conventional Rate, configuring the eventual crime of usury, and one that would have incurred in the crime of invasion of the banking line.
The Commission for the Financial Market (CMF) informs users and the general public about a series of entities that offer loans and are not registered in the Commission’s records nor are they supervised by it.
In the case of those that offer loans through websites, according to the information collected by the Investigation Unit, it has been established that these are entities that request advance payments from people who request a loan. Once the payment is received, the loan is never materialized.
For this reason, the CMF will present complaints to the Public Ministry, against those who are responsible, for the alleged crimes of fraud, of the following 11 entities:
- (Extra Financial)
- (Financial Network Chile)
- (FINATEC Financial Cooperative of Chile)
- www.financieracapitalchile.com (Financiera Capital Chile)
- www.credicentraldechile.com (Credi Central de Chile)
- (Fintual Copycat)
- (State Cooperative)
- (“Blue Scotia” imitator of Scotiabank)
- (“Aliacoop” imitator of the Enap Concon Personal Mutual Cooperative)
- (“Your Credit” impersonator of Credit)
- (Imitadora de Procrédito SA)
Additionally, this Commission informs the public that it will present background information to the Public Ministry against the Iluca and Presta CLP applications for the presumed crime of usury in the granting of loans through the internet with an interest higher than the Maximum Conventional Rate (TMC):
- (Iluca application)
- (Presta CLP Application)
Lastly, the Commission will denounce those responsible for the following entity for alleged invasion of bank transfer, that is, carry out operations to raise money without authorization to do so, in possible contravention of the General Banking Law.
The CPM recalls that on the website on citizen alertspeople can verify if a company or person that offers credit or financial services is supervised by the CMF, review the alerts already made by the CMF and other foreign regulators about unregulated entities or activities and find important advice on the way in which they operate these scams.
Check out here the comments of the Prosecutor of the CMF, Andrés Montes.
complaint, 14 entities, scam, usury, bank draft invasion, fraudulent credits, online scams, fraud, alert, previous payments, undelivered loans, citizen alerts, cmf alerts, iluca, clp loan, LGB, General Banking Law
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complaint, 14 entities, scam, usury, bank draft invasion, fraudulent credits, online scams, fraud, alert, previous payments, undelivered loans, citizen alerts, cmf alerts, iluca, clp loan, LGB, General Banking Law
complaint, 14 entities, scam, usury, bank draft invasion, fraudulent credits, online scams, fraud, alert, previous payments, undelivered loans, citizen alerts, cmf alerts, iluca, clp loan, LGB, General Banking Law
