Could This Mysterious Loan Offer Be the Secret to Skyrocketing Your Book Sales—or a Risk You Can’t Afford?

7. If they’ve obtained the victim’s social security number, other details, and banking information, they then sell that to other scammers on the dark web.

I know of no legitimate firm that offers to finance an author’s book promotion activities (or any book publishing activities at all).

Geno Scala, the Former Director/Official of the Academy Awards Show, Founder of The Script Mentor Screenwriting Program, and Creator of The 20-Day Screenplay Video Series recently wrote:

“I lost $10,000 to what I thought was a legitimate loan company. In reality, it was a ring of Chinese fraudsters operating out of India. I only learned the truth when the FBI stepped in after my bank account was compromised. When the feds tell you you’ve been scammed, it hits differently.”

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