find scams
ABCBBCFOXCNETCBSFOX BUSINESSCTVGLOBAL TVKIPLINGERBreakfast TV

Foreign Investment

How the scam works:

If you own a network business linking clients to each other for a commission, you might receive an e-mail from a potential investor in Africa (most likely Nigeria, South Africa, Ivory Coast, or Ghana).

Very official, they inform you that they are willing to invest millions of dollars in your country, but need a list with potential businesses. You collect some company names and send them to the client. They choose one and then ask you to start the paperwork.

All this will happen in a very business-looking way (phone calls, webcasts, etc) – so everything will look realistic to you, especially their website.

The African client says their corporation is ready to wire the $12M, but they will need your country fellow client to pay $1 per $1,000, to release the funds.

Since this method is unheard of and you might be skeptical, they blame corruption in the African continent - they have been burnt before and now take precautionary measures. This is a huge scam that hits young businesses especially, thinking they found a gold mine. The scammers just use the name of a real company in Africa, which – indeed – has a website that you can check.

How to avoid:

Never trust African business proposals like this. Real deals happen in the same room, with everybody present. If they really want to invest 12M, they should have money for plane tickets - and even then it is not a guarantee.

How to report:

Make your family and friends aware of this scam by sharing it on social media using the buttons provided. You can also officially report the scammers to the Federal Trade Commission using the link below:

Report Scammers To The Federal Trade Commission Here




Add Your Comment











Ad Status : 1

Editor's Choice