DEMANDED “ADVANCED FEES” FOR LOANS THAT WERE NEVER MADE
PM (59), a Kenyan national, was sentenced in mid-June to 11 years and 3 months in prison for engaging in an “advance fee and investment scheme” which hoodwinked a bunch of people.
Apparently, PM would represent to victims that his company – American Eagle Services Group -- could provide them with loans, but that the payment of “advanced fees” were required. Of course, after those monies were paid, no loans were ever made, nor were those fees refunded.
Back in February, a jury convicted PM of “one count of conspiracy to commit wire fraud, two counts of wire fraud, and one count of engaging in monetary transactions in criminally derived property.”
Was that an ass-backwards advance fee scam?
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