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|Scam Reporter||Scam Tips Received|
Barstow, CA, United States
Business Venture Scam
Other Payment Site
I am sorry to encroach into your privacy in this manner. I find it pleasurable to offer you my partnership in business as I only pray at this time that your email address is still valid. I am contacting you because my status would not permit me to do this alone as it is concerning our customer and an investment placed under our banks management 5 years ago. I would respectfully request that you keep the contents of this mail confidential and respect the integrity of the information you come by as a result of this mail. I contacted you independently of our investigation and no one is informed about this communication. I would like to intimate you with certain facts that I believe would be of interest to you. In 2006, the subject matter; ref: bb/boc/bank/0012 came to our bank to engage in business discussions with our Private Banking Services Department. He (Adelard Raymond) informed us that he had a financial portfolio of 10.2 million United States Dollars, which he wished to have us turn over (invest) on his behalf.
I was the officer assigned to his case; I made numerous suggestions in line with my duties as the de-facto chief operations officer of the Private Banking Services Department, especially given the volume of funds he wished to put into our bank. We met on numerous occasions prior to any investments being placed. I encouraged him to consider various growth funds with prime ratings.
The favored route in my advice to customers is to start by assessing data on 6000 traditional stocks and bond managers and 2000 managers of alternative investments. Based on my advice, we spun the money around various opportunities and made attractive margins for our first month of operation, the accrued profit and interest stood at this point at over 11 million United States Dollars, this margin was not the full potential of the fund but he desired low risk guaranteed returns on investments.
In mid 2007, he asked that the money be liquidated because he needed to make an urgent investment requiring cash payments in Europe. He directed that I liquidate the funds and had it deposited with a firm under United Overseas Bank Limited, Hong Kong. I informed him that the bank would have to make special arrangements to have this done and in order not to circumvent due process, the bank would have to make a 7.25 % deduction from the funds to cater for banking and statutory charges. He complained about the charges but later came around when I explained to him the complexities of the task he was asking of us. Cash movement across borders has become especially strict since the incidents of 9/11. I contacted my affiliate in and had the funds available.
I undertook all the processes and made sure I followed his precise instructions to the letter and had the funds deposited in the