Fake online loan fraud case
Case Overview:
Mr. Zhang, a client, saw an online advertisement offering a quick loan service without collateral or guarantees. Following a simple application process, he submitted his loan application and was quickly approved. However, he was told he had to pay a $100,000 "handling fee." After making the payment, the loan amount never arrived. Mr. Zhang contacted the platform several times but received no response.
Legal Response:
Victim's Initial Inquiry:
When Mr. Zhang contacted Financial Legal Aid for assistance, he expressed his frustration at being defrauded. The firm's attorneys first requested all of Mr. Zhang's transaction records and screenshots of the platform's official website. After reviewing the information, the attorneys determined that the case was a typical online loan fraud and decided to assist Mr. Zhang in pursuing further legal action.
Platform Background and Fund Flow Investigation:
The legal team investigated the lending platform's operational background and discovered that it lacked legal registration or operating licenses. All loan applications and "handling fees" were transferred multiple times, ultimately ending up in offshore accounts. Financial Legal Aid filed a complaint with the relevant financial regulatory authorities and received preliminary investigation results.
Legal Cooperation and Fund Freeze:
Financial Legal Aid contacted international law enforcement agencies and, through collaboration, successfully froze some funds in the platform's accounts. The legal team also submitted fund flow reports to financial institutions to assist in tracing other transfer records.
Cross-border Litigation and Ultimate Recovery:
Financial Legal Aid and Mr. Zhang had a detailed discussion on the feasibility of cross-border litigation. Ultimately, the firm decided to file a lawsuit with the relevant judicial authorities and simultaneously contacted law enforcement agencies in multiple countries for a joint investigation. Through international litigation, Mr. Zhang successfully recovered a portion of his tuition fees, totaling approximately $75,000.
Case Outcome:
Although he did not recover all of his fees, Mr. Zhang remains grateful for the assistance provided by Financial Legal Aid, particularly the legal support and international cooperation that ensured the smooth progress of his case.
