Financial Market Commission

CMF to file charges against entities offering loans on their websites for alleged fraud

Claiming to be supervised by the Commission, these four entities request advance payments from applicants for loans that never materialize. They were reported to the Public Prosecutor’s Office.

April 16, 2025 - The Financial Market Commission (CMF) alerts the public about a series of entities offering loans on their websites.

According to information gathered by the CMF's Investigation Unit, these entities claim to be supervised by the Commission and request advance payments from applicants for loans that never materialize.

Therefore, the CMF filed four complaints before the Public Prosecutor's Office for alleged fraud against the following entities:

Concreces Online, an impersonator of both Concreces Leasing S.A. and Hipotecaria Concreces S.A. It operates through the concreces dot online website.
Créditos Abaqus SpA, an impersonator of Abaqus SpA operating through the abaqusspa dot com website.
Servicio de Crédito Chile, which operates through Facebook.
Islacoop, an impersonator of Cooperativa de Ahorro y Crédito Isla de Maipo Ltda (also known as Islacoop). This impersonator does not have an identified website.

The CMF reminds the public about the Fraud Alerts Page for investors, policyholders, and banking customers available on its website. Interested parties can verify here whether an entity or person offering financial products or services is supervised by the CMF; check alerts issued by the CMF and other foreign regulators on unregulated entities or activities; and other important advice for the protection of investors, policyholders, and financial clients.