Windsor Police Warn Of Online Loan Scams

The Windsor Police Financial Crime Branch is investigating two cases involving people who have fallen victim to an online loan scam.

The victims of the scam in total have lost over $2,600.

Police say in both incidents, the victims were unable to get a loan from a bank so they searched for an online loan. 

One of the victims received an email saying she was approved for a loan of $20,000.  

Police say the email then said in order to receive the loan, the victim would have to provide a $2,000 prepaid STEAM gaming card. 

The woman provided the $2,000 card and after realized she was the victim of a scam. 

She then reported the incident to police. 

Police say an investigation into this incident revealed the suspects redeemed the card overseas. 

Windsor Police warns residents to use caution when applying for loans.

Police say financial institutions never ask for funds with prepaid gaming or gift cards and just because there is a website or an advertisement for loan opportunities, does not mean it is legitimate. 

For more information on this and other scams visit the Canadian Anti-Fraud Centre's website. 

Anyone with information regarding these scams are asked to contact Windsor Police at 519-255-6700 ext. 4330.