TOPEKA, Kan. (WIBW) -- Scammers claiming to be from South Dakota are ripping off victims on an "advance fee loan" scheme.
The Better Business Bureau is warning consumers of a scam where phony lenders are making false promises to borrowers in exchange for upfront fees.
In each instance, the victims are "approved for a loan" after applying online and are required to send a fee in order to secure the loan.
None of the victims actually received their loan once the fees were paid.
The fake company told it's victims it was operating out various locations in South Dakota.
The BBB says to beware of anyone who asks you to pay in advance for a loan, which is illegal and a sure sign of a scam.
Here is a partial list of resources on how to avoid being the victim of a scam.
Posted by Greg Palmer