Foreign Investment

 

Foreign Investment Scam: How It 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 a diffrerent country, mostly from Africa (most likely Nigeria, South Africa, Ivory Coast, or Ghana) or Eastern Europe.

Very official, they inform you that they are willing to invest millions of dollars in your country, but need a list with potential businesses. The most common cases are when they claim to start building an orphanage in your state. However, the business could be in a ny niche, so beware. Let's say you are convinced and give it a thought.

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.

 

Foreign Investment Scam: 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.

 

Foreign Investment Scam: 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


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Pane

Here is the scam email I just got today: "From: Mr. wallace Jones Nigeria National Petroleum Corporation, (NNPC) 49 Road Close A House 14, Dolphin Estate, Ikoyi, Lagos Nigeria. Dear friend, I am sorry for contacting you through this medium without any previous notice. I am a senior staff with Nigeria National Petroleum Corporation, (NNPC). My colleagues and I intentionally over-invoiced a contract award to the tune of USD15m. The principal contractor has been fully paid remaining the over-invoiced sum. By virtue of our civil service code of conduct, serving officers are not allowed to operate foreign bank accounts. This… Read more »

clive j greenwood

had this one,guy called kemal Mohmoh and Mark Williams from Port Harcourt Nigeria, email kemalmohmoh11@gmail.com.
this guy did the clasic 419 scam, we paid 300usd for a fake NFIU letter then asked for 2500usd for a legal fee.

this guy needs a bullet in the head

Steven

Have you ever heard of this type of scam coming from Suadi Arabia? I’m experiencing a situation that sounds very much like the one you describe from Africa. How or what can I do to screen this from a real potential?

Bolga

Yup, just got this email today. Beware! My Name is Mr Maurice hails from ivory coast . I am here with my cash for investment purposes .I wish to invest in construction, hardware and other related industries that I may be asked to invest into in as much as the industry is lucrative. I also has an eye into fast -food franchising where there is an opportunity ,If there is any other areas which you have interest for us to go into the industry as partners feel free to contact me for a discussion. Presently I reside in Durban Kwa… Read more »

john

Navigating on the web i have find 3 websites that most likely are scams:

http://www.gibank.net
http://www.offshore-svg.com
http://www.egi-offshore.net

All have private whois records, no https, no real address!
All need private documents and financial documents, and they are not licensed in any case!

Mark

I have a Nigerian guy with the name claimed as Francis Cohen, Funny. He answered a craigslist ad to me looking for work. He claimed he would pay me $500 a week for me disbursing funds to investors,of his fund in forex fund. Also to receive funds into my bank account. He is now asking for my bank information. He had me fill out a contract, but of course i gave him all false information. Can you help me. I want to catch him in the act. i have been to Nigeria and other African countries and i know his… Read more »

Klein

Be aware of this email below, coming from someone who calls himself Tall Captain LOL. The email address used is captaintallemansour11@yahoo.com. Here it is:

"Hello,

I need an Investment Manager who can handle Investment for me in your country or any other country of your choice ? The fund is 100% Legal.
If yes contact me for more details.

Regards,

Captain Tall Elmansour.
United-Kingdom"

Peles

Here is what I got. They say they are from Syria, but the email address shows a domain name from Russia. here it is: Nice to meet you, My name is Zainab Abudul, I am contacting you from Syria Republic concerning an investment I want to establish in your country due to the war that is currently befalling my country Syria. I need you to assist me on this investment, I want to establish in your country, and I will give you more details on how you will help me to make this investment a success, contact me on this… Read more »

Peter

Here is a similar scam email that it just received: Hello I am Mr.Steve Liang Ming, A Chinese, I have a Mutual business proposal I’m proposing to you.that I would want you to handle from your country, I will like to seek your consent first. This project involves a huge specific amount which I can’t mention here for security reasons. It involve a transaction from my bank in Hong Kong, Am a Chinese man and we are bound by laws here and this transaction requires a foreigner. If you feel you can have this handled, please let me know, so… Read more »

Turry

Along the same lines beware of this email below – SCAM! Dear Sir/Madam, We have decided to donate the sum of 2M USD to you ,for charity work I am looking for a reputable and reliable person whom i can entrust to help me to establish a charity/orphanage home in your country,So if you are willing and capable to partner with me you can let me know immediately. fill this information below thanks you need to fill all this information so my bank will contact you 1. NAMES IN FULL:…………… 2. ADDRESS:…………….. 3. NATIONALITY:…………… 4. Your Email:……………. 5.Phone Number……………. for… Read more »

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