The Global Currency Arbitrage Scam, Presented as an Investment with Great ROI
If there’s one thing everybody loves, it’s the idea of getting rich quickly. That’s why people are so prone to jump on opportunities they should probably know are too good to be true. Beware of the Global Currency Arbitrage Scam, a proposal where you’re promised a high return on investment (ROI) on your initial deposit–something like 25% a month and 87% a year. Here is how it works and how to avoid it – it is very different than the Gold Investment Scam or the Foreign Investment trap, also going around these days.
Scammers approach their victims on social media platforms, after which they invite them to join a Google Hangouts or Zoom meeting. That’s where they go into details.
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Simple math would show that if you put in $10,000, you’d come out with $12,500 at the end of the month. The people who promise this ROI claim that the company is well-established. They have a reputable sounding name, too, featuring words such as “International,” “Financial” and “Investments.”
You’re not sure how it works. The ad said something about “global currency arbitrage” and how it works, but after inquiring you receive an excellent book with information on the company. It looks pretty reputable, and they were also recommended to you by someone you trust–a friend or a coworker. How could you possibly go wrong?
Once you join, you will begin receiving periodical statements of your account. These reports will show the daily, weekly, or monthly profit – which will make you confident about your investment. You get your statement showing impressive earnings, which are growing constantly from report to report. It sounds great, right? Wrong. It is like a Forex deal done on your behalf.
Instead of pulling your money like all the other victims, you re-invest, thinking you found some golden opportunity. Unfortunately, that’s just what the scammers are looking for. They use your money to pay out people who cash out and use your testimonial to get more people on board. Simply put, they rob John to pay Jack and then rob Shannon to pay John. Once the investment companies have a healthy chunk of change, often amounting to millions, they take off.
If you’re already in a scheme like this, cash out as soon as possible. No boom is forever.
Global Currency Arbitrage Scam: How To Avoid
In the search engines online, write the name of the company followed by the words “fraud” or “scam”. Whatever comes out will tell you if you should join or not. And anyone promising you such significant returns is almost guaranteed to be a scammer.
On the other hand, see if the company has a BBB profile page and if it has any complaints.
Global Currency Arbitrage Scam: How To Report
Make your family and friends aware of the Global Currency Arbitrage scam by sharing this article 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 FTC Here
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If you want to be the first to find out the most notorious scams every week, feel free to subscribe to the Scam Detector newsletter here. You’ll receive periodical emails and we promise not to spam. Last but not least, use the Comments section below to expose other scammers.
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I am a victim from an investment scam. I am writing this email to report 2 American scammers (companies), who scammed my money up to USD 13,000 in over on year period of time.
Below is the company name: Hamchid Nigerian Limited. Located in California, beware:
owner name: Luckson Emmaneul
email: [email protected]
cell:1-916-752-5256
company website:http://www.hamchid.com
Another company is from New York:
Haske Universal Technologies USA, Inc
owner name: Tunde Amusa
email; [email protected]
cell:1-718-902-6443
These 2 companies worked closely together to organize a “investment project” for people to put money in. From what I knew, there might be still some other people got trapped and tricked by these 2 people. I have reported to New York police .so far no respomds.
Be aware about Green Knight Financial Services. It is 100% scam not real financial advisor. They also use other companies CRD numbers.
Paul Light forwarded on your email to me and asked me to reach out to you regarding Green Knight Financial Services and John Kelly. We can promise you, we are in NO WAY affiliated with John Kelly or Green Knight Financial Services. You are the 3rd person in the 8 months to contact us regarding this. We have reached out to the United States FBI and our State Securities Department to try and get this information removed from our CRD and his website shut down, but the process is seeming to be not easy.
We recommend that you stop any communication with John Kelly right away because we are quite convinced he is a scam since he is trying to link to our business and we have no clue who he is. We also recommend that you reach out to your countries authorities to try and see if you can get a complaint filed. From the people we have heard from he is only targeting people outside of the United States, which is making it difficult for us to speed up the process of having this go away.
This company; https://hewettgroup.com/
Is a massive scam. They pretend to say they have all these contacts and will raise lots of money for you. They say they deal in marajuana stocks and have inside knowledge and constantly say they are selling your shares high and buying them low to make money.
They also try to get you to buy pre IPO in this company – which actually does not exist.
https://medcanholdings.com/
If you try Hewett group phone number is it engaged 100% of the time – never rings.
When I asked them to sell my shares and return the money the excuses came thick and fast, the story constantly changed and they never returned it and cut contact.
They told me to contact ‘their’ lawyer in Japan. I had a Japanese friend call them and the law firm had never heard of them.
Their website it registered in Iceland but they say they are from Japan.
Massvie scam. They got $17,500 of mine.
Alexandra and Mathew, your accusations about me is inaccurate. I do not drive as a profession. I was briefly driving for Uber as a recreational past time to raise funds to help feed homeless animals. I volunteer for animal rescue organizations and prefer to do minial jobs rather than ask people for donations. Upon meeting Nadja, I realized she was a foreign woman with a child that was trying to start a new life and a new clothing line in the USA. I told Nadja that I was a successful designer and retired from fashion. Because I have hands on experience in fashion, I offered advice to help Nadja succeed. I never intended on working for her company as I have my own business to deal with. After I briefly met Nadja in Los Angeles, she went back to Germany to care for her mother and we stayed in touch via Facebook. After a while, Nadja contacted me on FB messenger and asked me to deposit $25. USD in her Wells Fargo bank account. She said the balance was very low and the bank was going to close her account. Nadja explained the account needed to remain active because she was expecting to receive big funds from her investor.
Nadja promised to pay me back and offered to buy me lunch for the favor when she returned to LA. I agreed to help and deposited $25 cash to keep her account active. A month later, Nadja asked me to deposit another $25 and I said No. I told Nadja to send a wire transfer of $100 USD to her own US bank account to keep it active. Months later, Nadja contacted me to inform that she was coming to Los Angeles. As a friendly gesture, I offered to pick her up at the airport and take her to the place she was staying in Downtown LA. She asked how much would I charge her for the ride and I told her there was no charge as I was going to help her for free as a friend. After Nadja arrived to Los Angeles, I noticed that she was struggling with financial hardship. I took Nadja and her son shopping so they don’t have to carry the groceries on the bus. While Nadja was shopping for food, her son told me how much they were struggling to survive and they hardly had enough to eat. I felt sorry for them so I started buying food and loaned her cash. Besides loaning her money and giving her free rides, I also introduced her to an immigration attorney to help get their visa status in order. I also connected Nadja to people that could help her fashion career. I never asked Nadja for employment or anything other than to return the money I had loaned her. I have an email from Nadja acknowledging the cash loans and promising to pay it all back within three months time. I am semi retired, well off and don’t need anyone’s help. As for my water cleaning project, it’s a humanitarian effort I’ve been developing on the side. It took a long time to get my project off the ground because I am very careful of who I partner with in business. Trust has to be earned, it’s not given. After watching Nadja wait and wait for her funding to come in, she told me that her investor was in Hong Kong trying to transfer large sums of money he made in China. Nadja told me her investor was stuck in Hong Kong for over 9 months and couldn’t go back home to see his family. I told Nadja that foreigners are not allowed to make money in China and transfer their earnings out of the country. I have contacts in China and after talking to them about Nadja’s situation, they offered to investigate her investor’s funds and help facilitate the transfer if it was a legal transaction. My sources provided a list of questions to investigate the funds, which included the bank account numbers. Any fees mentioned were not for my benefit. No one is going to facilitate multi-million dollar banking transactions for free and will charge a fee. I can prove everything I say and write with sufficient evidence to back up my claims. I do not harass or take advantage of anyone. I never asked Nadja for anything other than to pay back what I had loaned her….. which is fair. I just tried to be a good person and help Nadja who was struggling. After she abused my phone by using over 11 GB data within a few days, I decided to stop helping her. She wrote me an email stating that her mother had passed away. She later wrote that her brother was coming at the end of the month and will pay me back. ALL LIES!!! Nadja blocked and cut me off entirely without paying back the hundreds of dollars she has borrowed from me. If you’re going to make accusations about me, you better be able to prove what you write. I only write what I can prove. If Nadja or anyone wants to take me to court, bring it on. I can prove that I was taken advantage of and it all started when Nadja asked for cash loans to be deposited in her Wells Fargo account.
To Alexandra and Mathew. Your accusations about me is untrue. I met Nadja and her son while I was briefly driving socially for Uber, to raise funds to help feed homeless animals during my spare time. I rather earn money to donate rather than ask for handouts. I am an animal rescue volunteer. Upon meeting Nadja, I realized she was a foreign woman with a child that was trying to start a new life and a new clothing line in the USA. I told Nadja that I am retired from fashion and could give solid advice if she needed direction in starting her business in the USA. After I met Nadja in Los Angeles, she went back to Germany to care for her mother and we stayed in touch via Facebook. Several months after briefly meeting Nadja, she contacted me on FB messenger and asked me to deposit $25. USD in her Wells Fargo bank account. She explained the balance was low and the bank was going to close her account. Nadja said she needed to keep the account active, as she was expecting to receive big funds from her investor any day. Nadja promised to pay me back when she returned to L.A., so I agreed to help and deposited $25 cash to keep her account active. A month later, Nadja asked me to deposit another $25 and I said No. I told Nadja to send a wire transfer of $100 USD to her own US bank account to keep it active. Months later, Nadja contacted me that she was coming to Los Angeles. As a friendly gesture, I offered to pick her up at the airport for free and take her to the place she was staying in dtwn L.A. After Nadja arrived to Los Angeles, I noticed that she was struggling with financial hardship. I started helping her as a friend in different ways only because she had a child to take care of. I took Nadja and her son shopping so they don’t have to carry the groceries on the bus, Nadja’s son told me how much they were struggling to survive and they hardly had enough to eat. That’s why I bought Nadja food and loaned her cash. Besides loaning her money and giving her free rides, I also introduced her to an immigration attorney to help with their visa status. I also connected Nadja to people that could help her fashion career. I never asked Nadja for anything other than to return the money I had loaned her multiple times. I have an email from Nadja acknowledging the cash loans and promising to pay it all back within three months time. I am semi retired, well off and don’t need anyone’s help. As for my water cleaning project, it’s a humanitarian effort I’ve been developing for a long time on the side. It took a long time to get it off the ground because I’ve been misled many times by investors and brokers. I learned to be very careful of who I partner with as trust must to be earned, it’s not given. I can prove everything I say and write with evidence in the court of law. If you’re going to make accusations about me, you better be able to prove what you write. If Nadja or anyone wants to take me to court, bring it on. I have no problems proving what I say to be true.
lol Matthew, (I am sure that’s not your name anyway), stop insulting people’s intelligence. Everybody figured out who you are :)))
Our consultant agreement with nadja Katharina Saleh was successful and she performed a five star service. During our engagement we witnessed the unlawful accusation of Mrs Marie K. , who asked Mrs Saleh to employ her and her sister as her assistant numerous times. It was us who encouraged Mrs Saleh to quit the contact after we have seen emails in which Mrs K. Was trying to propose "sideways" for money transfers from abroad. (Obviously Mari was asking for a percentage), which we urged not to consider. After that, Mrs K. started her harassments. We want to state this, as the random uber driver was an untrustworthy person by herself, with a variety of services in her wallet such as immigration helper (non authorized), sideway money transfer consultant (emails proof).and stressful unwanted "advisor", even trying to ask Mrs Saleh for her investors bank accounts (with no success) . we find it a shame how someone can her can try to destroy a persons reputation out of greed……
Regarding the post of a certain Marie in regards to our longterm colleague, Mrs Saleh, I urge you to be more careful in using non verified accusations and therefore running the risk of doing unlawful slandering and even involving minor s names, which is unethical and agsinst current data protection law!I know for sure,that Mrs Saleh is not and never had been broke when being contacted by a random uber driver and later on, she almost had been forced to give an emp!oyment to the same and to relatives of the same Mari. I witnessed how the same tried to find out the investor s name (stated here incorrectly too) and having tried to contact him by herself. Mrs Mari was in search for a multimillion investor for her own "water cleaning’ start up. I know that Mrs Saleh refused. It was myself who encouraged her to talk to a police officer. I know Mrs Saleh as a trustworthy person! Her fault may be to be too often in too much good faith when it comes to friendships with strangers.
I was scammed by a woman name Kathrina Nadja Saleh from Germany. Nadja and her son Constantine had moved to Los Angeles from Europe in the summer of 2016, while claiming to get funding for her new clothing line from an investor name Daniel Rivers. I met Nadja in a short Uber ride in 2015 and became friends with her on Facebook. When she arrived to L.A. in 2016, I went to pick them up at the airport and helped them. She claimed to be broke while waiting to get funding from her investor visiting Hong Kong. She claimed to be so broke I invited them to eat a few times, bought them food, loaned her money multiple times, took them around in my car to look for apartments and even loaned her my unused iphone. I asked Nadja to be mindful on the data usage, but she carelessly abused the data usage on the iphone ( used over 11GBs in a few days), I got angry about the data abuse and she cut me off. I can not reach Nadja to get my money back on the multiple loans I gave her. This woman treated me badly and cut me off when she realized I would not help her anymore. Katharina Nadja Saleh is a scammer and not to be trusted. If she had any respect or appreciation for my friendship and support, she would have maintained the friendship and earned her trust. Not so! Based on my real life experience dealing with Katharina Nadja Saleh from Germany, I can only warn others about this woman.
URGENT SCAM ALERT – INVESTORS BE AWARE
Jean Marc Lopez, owner of A-Venture Capital, LLC, is pretending to be a very successful international investment banker with major global holdings.
Jean Marc Lopez purports to be an industry expert in every business line that exists, for example, currency trading, options, indexes, stocks, bonds, gold, oil, bridge loans, mezzanine loans, private equity, venture capital, advisory services, selection of investments for institutions, managed accounts invested in private equity, consulting, mergers & acquisitions, private placement, pre IPO & IPO, debt & leverage buy-outs, investment banking, real estate acquisitions, developments, brokerage, management, reselling, music production, and more.
Also, he claims his investment firm to be headquartered on 48 Wall Street, Suite 1100 in New York which happens to be a virtual office. Jean Marc Lopez works from his home on 1900 Purdy Avenue, Apt #2002, Miami Beach, FL 33139 yet his deceiving successful image portrays him to be on Wall Street with office phone numbers in Luxembourg, London, Chicago, Los Angeles and Palm Beach. It is all just part of the deceiving image and his scam.
The scam starts with the fact that he is not licensed or registered with any financial regulatory body in the United States to provide investment advice. His firm is not a licensed or registered investment firm either. It is a simple Limited Liability Company registered in Florida yet he pretends to be one and charges large fees to foreign investors that are not very familiar with US regulations.
The last known fraud has just been recently discovered while he defrauded additional millions of dollars. His victims are mainly investors from France who don’t speak English very well. He promises them high-yield returns in oil exploration programs in Kentucky and provides them with complicated contracts written in English. Once he secures millions of dollars by deceiving the investors, he then approaches legitimate oil companies and secures himself as an investor but insists to be also a manager and operator. He then takes massive unearned fees from the program as a manager and operator without any contribution or help to the program. He is an absentee partner since he lives in Miami yet the daily operations are in Kentucky. He also controls the funds and charges his investor an additional 20% management fee of the top for placing his funds into a program plus he takes hundreds of thousands of dollars in unearned fees from the operator side by diluting the program funds. This "double-dip" doesn’t get disclosed to any party or side and the chain reaction starts. More funds end up in his pocket then for the actual investment program.
Unusual yet typical fraudster behavior and extraordinary spending sprees start to appear out of nowhere, such as business class plane tickets to Europe, purchasing of expensive art pieces during Art Basel, extensive gun collections, fancy dinners and just overall a flashy and expensive lifestyle financed by investor funds. Not a single dollar is legitimately earned. Recently, he just launched a new business called Aventure Music Group, LLC filed in Florida on June 19th, 2015 with the investor funds from the oil program ventures. Jean Marc Lopez is now also an expert in music production and artist management. He is in the process of releasing an album with his business partner Tara Mobayen who is DJ Miss Tara from Canada.
Please note the same pattern here. Jean Marc Lopez defrauds the investor and secures himself with the skilled individual on the other side within the investment opportunity (in this case DJ Tara). He pretends to be the investor and controls the entire project.
We hired a private investigator here in the US and one in France and discovered very disturbing details which we have reported to multiple law enforcement agencies already.
Jean Marc Lopez has a pattern of scamming French investors and not providing any value or results for them. His persuasion is to deceive foreign nationals via the high tax liabilities they face in their home countries. He is 100% aiding in money laundering as none of these funds are being properly vetted or reported. He really is just a scamming broker at best but purports himself as the only investor on one side and the skilled and experienced expert on the other side. He makes it a priority to control both sides and pays himself substantial amounts of money without disclosing any of that to either side. It has worked for him for many years.
When being confronted he gets defensive and points the finger at other people to deflect from his misconduct. Recently, his oil business partner in Kentucky exposed his scam and in return Jean Marc Lopez went on a large character assassination campaign against his partner.
Our investigators were able to trace back 7 years of Jean Marc’s transactions without any sign of success. Instead he is earning massive fees to finance his fraudulent aura so he can come across as a successful investment banker. It is all fake and just a big fraud and scam.
Every project he gets involved in, he ends up making money for himself ONLY, however, the investor who puts 100% of the funds into the project and the skilled operators on the other side always lose while he wins regardless of the outcome. The project in general also loses big because Jean Marc Lopez doesn’t provide all necessary funds as needed for the project. Even though he contractually commits to it, he just provides investor funds in partial payments while he uses the majority for himself. The program ends up suffering from inconsistent funding availability and when asked about the remaining funds he only comments that that is the total amount the investor was willing to invest. There is no way to confirm this because the investor’s full name and contact information are always kept secret and never gets disclosed. He shields the investor from the program contract and only puts A-Venture Capital, LLC in it.
This review’s purpose is to provide the public and potentially new investors with information that could possible help a disaster from happening. Please use the information here and provide it to your attorney and/or business adviser. Be very careful with this Jean Marc Lopez guy. If you come in contact with him ask for track record and financial statements. Also ask for references, such as investors from the past and you will quickly see for yourself what type of game he is playing. This guy is a major fraud but he was never exposed until now.
We lost a lot of hard earned money with this guy. Hopefully, you won’t.
Good luck.
I just got this spam email/unsolicited investment advise from this guys Dominic Chapman. He sent an email to a bunch of people that he doesn’t know, trying to get them into his hook. Beware!
This is the content of his email:
"Hi,
Only this week VIP options would like to invite you to start trading with us with an incredible 150% bonus on your investment
Invest 2000 USD and TRADE WITH 5000 USD
Our personal broker will show you how to earn on the currency, commodities and stock markets
Bonus code "97rh69610"
To get the bonus, please fill the form here http://www.club-litebroker.com and tell the code to your broker that would call you after registering.
Thank you.
Best regards,
Dominic Chapman"
GEOSURVEY MANAGEMENT LTD IS A MASSIVE MINING JOINT VENTURE INVESTMENT SCAM.
HAS SCAM SITE WITH SUBMIT FORM.
EMAILS POTENTIAL CLIENTS WITH PRODUCTION STATEMENTS, DRILLING SAMPLES, EXECUTIVE BROCHURES ETC.LURES INVESTORS WITH HIGH DIVIDEND RETURNS. ELABORATE SCAM. PLEASE INCLUDE GEOSURVEY MANAGEMENT IN YR APP.. MANY PEOPLE B ING DEVASTATED AND SENT BANKRUPT.
Is the freedom project a scam?
We worked with Mrs Nadja Saleh since 2012, and our collaboration was accurate and highly professional. We had done a due diligence on this subject and find out, that Mrs Saleh s former company made a police report against an individuum named Mario in attempt to scam her company. We would wish there would be more detailed research before posting negative "brandings". Our team never encountered any irregulations with her or her team during our deal.
Investmonth is a SCAM
A lawyer online with Facebook states he is a government agent. Although he des have a practice on the Fort Worth area winch I did check out. He claims that for certain fees for example $2500 I can get $350,000 grant cash sent to me. He is very persistent. He supposedly inboxes me a form with Obama stamp on it, but I noticed a typo. He states he is a Government Agent. But nothing on his bio on his business profile states he worked with Government.
Mrs Saleh is a trustworthy person and our collaboration was fair, and without any daubt,
Dear sirs,
I would love to please change and cancel the above comment since it is not reality and is not true at all. I know Nadja Katharina Saleh personally, she is a serious and professional person, with no claims for money or for any sort of financial investment.
That comment is not fair and should be cancel inmediately!!!
Mario, can you elaborate further for me so that I can investigate your claim. What evidence do you have that she is a Scammer, have you paid her money and if so how much and what did she claim she would give you in return for this money..
In a different variation of investment scam, somebody with the name of Nadja Katharina Saleh offers consulting with access to funders and investors. She claims to have funded films for more than 150 USD Millions. It’s all a fraud. She only wants money and once you pay her she will ask more and more without delivering anything.
I received this email which originated in China and is a SCAM. Since he says it’s "his job to make money" this is most likely a Phishing attempt to get mine. I report these to Spam Coop then toss them in the trash.
"Hey
My name is Joshua Jacobs. I am a multi-millionaire and personal financial investor for the rich and famous. I am not telling you this in order to show off or brag but to give this incredible gift for free.
Why would I do this? well.. I have made more than enough money to make sure my children and children’s children will have a privileged life. Therefore, I felt it was time to offer others this life changing gift.
It s a complete fallacy that in 2016 everyone cannot make money. I know as my job is to make money!
YOU HAVE EVERYTHING TO GAIN
Best regards,
Joshua Jacobs.
"A truly exceptional man who’s mission is to change the world"