Consumer Alerts - 2017
The Department of Business Oversight encourages consumers to check the licensing status of companies prior to transacting business. California consumers should contact the Department to check on the licensing of companies, investments or other financial services they are considering by calling the Department's toll-free Consumer Services Office at 1-866-275-2677.
“Frank Oliviera,” “America Trust Escrow” and “Oakwood Escrows” Falsely Claim to be DBO Licensees in Fraudulent Craigslist Ads (6/27/17)
The Department of Business Oversight (DBO) has been notified of an individual, “Frank Oliviera” doing business as several companies falsely claiming to be DBO escrow licensees “Oakwood Escrow Inc.” and “American Trust Escrow.”
The perpetrators are using the names “America Trust Escrow,” “Oakwood Escrows,” “Oakwood Escrow Management,” “Oakwood Escrow Finances,” “Frank Oliviera,” “Frank Oliveri,” “Pablo B. Vazquez” and “Pablo Burgara Vazquez.” They also are using the email addresses “email@example.com” and “firstname.lastname@example.org.”
These individuals or entities post Craigslist ads offering rental properties in states across the country including Ohio, California, Hawaii and Indiana. When a potential victim responds, they are asked for personal information and to send an up-front payment. These individuals/entities are NOT licensed by the DBO. The website advertised is NOT a valid website, and should not be confused with the legitimate DBO licensees’ websites: oakwoodescrow.com, atescrow.com and americantrustescrow.com
The DBO encourages consumers to beware of any solicitations asking for advance fees, including these increasingly-common Craigslist rental property advance fee scams.
To check whether an escrow company or other financial service provider is licensed by the DBO, or to file a complaint, go to the DBO website at www.dbo.ca.gov or call 1-866-275-2677.
MOCO’ or ‘MOCO Credit of California’ Not Licensed by DBO (2/15/2017)
The Department of Business Oversight (DBO) has been notified of an entity calling itself “MOCO” or “MOCO Credit of California” or “MOCO (dba Lending Street of California),” and a related Individual “Moses David” with email address email@example.com, who are offering loans to consumers, falsely claiming to hold a lender’s license with DBO. The entities are also presenting falsified licensing documents with the DBO seal and staff signatures to pass themselves off to consumers as a legitimate lender. None of these entities or individuals is licensed by the DBO.
The DBO advises individuals who have received lending solicitations from any of these entities or persons to file a complaint with DBO. Complaints may be filed online via the DBO website here: http://www.dbo.ca.gov/Consumers/consumer_services.asp.