ASIC is warning consumers about the activities of a person trading as Mike Morgan Loans.
They are operating through the website www.mmloans.com.
Mike Morgan Loans is not a licensed credit provider and not a licensed Australian company.
Consumers need to be cautious when approached with unsolicited offers of financial products,
Mike Morgan Loans has been sending out unsolicited emails offering loans ranging from $10,000 to $20 million.