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: