I was involved in a scam over the phone. the man's name was "Mark Davis" and he told me I could get a 7500 loan for 3 years, at $165 a month.All he needed from me was a deposit for the "insurance bond" that would protect their agency if I defaulted. I was having major financial issues, and so I fell into the trap. I moneygrammed his company $300, and another $30 for the moneygram. I called the next day to verify he got the payment, and that the loan was in the process of being deposited. He tells me that the company was all set to deposit the money, and in the middle of the transaction it was called off. (My credit was"too bad" & they needed to up the deposit.) I scraped the money together, and sent it the next day. When I called him to verify it, he said it was being deposited as we speak. It was a weekend, and my bank doesn't update right away, so since he said it was there, my husband and I spent a lot of money over the weekend. It was for medication and a lot of groceries. On Sunday, my card was denied for a $13.00 payment, and the card would not allow me to take out anything more. The loan did not go through, and at the end of the weekend I was overdrawn by $600! I was furious. When I called him back, he told me he needed another $250 and the money would be guaranteed to be in my account the next day. It never got there, and I didn't get the $600 back either. I called the Attorney Generals office &the BBB. both are investigating. I doubt I'll ever see the money again! It cost over $1600 to cover the bounced items.