Public warned against unauthorised Capital Horizon Loans clone firm
The Central Bank of Ireland has issued a warning against Capital Horizon Loans (Clone), an unauthorised firm operating in Ireland. The entity is engaged in an advanced fee fraud scheme, deceiving consumers by copying details of an authorised firm.
The clone's deceptive tactics
Capital Horizon Loans (Clone) is operating without authorisation to provide retail credit in Ireland.
The firm uses the website `https://capitalhorizonloans.com/#`, the email `[email protected]`, and operates via Telegram under the username `loanteam1`.
Multiple phone numbers are also associated with the fraudulent operation, including 083 188 4937, 089 946 0081, 089 969 5002, 021 462 8934, and 083 187 5313. This entity is an example of an 'advanced fee fraud', where an upfront payment is requested for credit services that are never delivered.
The unauthorised firm copied the details of the Central Bank authorised firm, Premium Credit Limited, to mislead consumers, with no actual connection existing between the two.
Identifying fraudulent schemes
The Central Bank of Ireland regularly issues warnings against unauthorised firms to protect consumers from financial scams.
Such clone firms often mimic legitimate entities to gain trust, making it crucial for the public to verify authorisation before engaging in any financial services.
Consumers are advised to contact the Central Bank directly if they suspect an unauthorised firm or wish to report suspicious activity by telephoning (01) 224 5800. Further information on protecting against financial scams is available on the Central Bank's dedicated website, emphasising proactive measures to safeguard personal finances.
Vigilance remains key
This warning underscores the persistent threat posed by clone firms and advanced fee fraud, highlighting the need for constant public vigilance.
While the CBI's swift action is commendable, the ease with which such operations mimic legitimate firms reveals a systemic vulnerability in consumer protection.
Individuals must proactively verify financial service providers to avoid falling victim to increasingly sophisticated scams.