Fake Loans | Unpacking the Scheme | "Jamila Finance" and "Union Credit"

Fraudsters offer “guaranteed” loans at 1% annual interest for up to 10 years, falsely claiming to act on behalf of the Turkish bank Akbank.

To create the appearance of legitimacy, the scammers use the name and logo of the real bank and present a forged license purportedly issued in the Republic of Kazakhstan. They then ask prospective borrowers to pay various “commissions” and “service fees” by transferring money to the bank card of a Kazakhstani money mule.

It is important to remember that legitimate banks do not require advance payments to personal bank cards in order to issue a loan. Such offers are a common fraud scheme designed to steal money under the pretext of arranging financing.