INVESTMENT FRAUD
What Is High Yield Investment Fraud?
This type of fraud is known as either high yield Investment fraud, prime bank fraud or advanced fee fraud. There are a many schemes and scams with tempting proposals, purely designed to seduce victims to part with their money.
It is impossible to describe how each investment fraud works, as each individual case is governed entirely by the scope and depth of the fraudsters imagination. Some examples are:
Banks from remote areas of the world offering Bank Guarantees for hundred's of millions of dollars
US Federal Reserve Notes recovered from a World War Two Plane crash site in the Philippines
Historical US Railway Bonds
Pre-World War 2 Hitler's Gold Bearer Shares recovered from a lake in Austria.
The list goes on and on, and these scams are constantly evolving, so you must remain vigilant at all times. These investment frauds are all developed to part the unwary from their money. If you are offered any investment scheme which seems out of the ordinary, or too good to be true with high rates of return with little or no risk should always be treated with diligence.
Compare any papers you have been shown or given against the following lists "Common phrases" and "Common statements" on this page. Some of these terms may be correct banking expressions or close derivations of them, used in an attempt to make theses investment opportunities appear genuine. Many may simply be meaningless however they have been used so many times over the years that they themselves have gained some history and credibility. Please be aware that the inclusion of a number of these expressions in any document being examined should give cause for concern.
Common Terms & Phrases Used In Fraudulent Documents
Some of these terms may be correct banking expressions or close derivations of them, used in an attempt to make these investment opportunities appear genuine. Some may simply be meaningless however they have been used so many times over the years that they themselves have gained some history and credibility. Please be aware that the inclusion of several of these expressions in any document being examined should give cause for concern.
108 Bank to Bank certificate which guarantees the principle + 8% annual interest
5,10,20 years etc. plus one week or one day
Bank Debenture Roll Programs
Bank hard copy
Bank Menu
Bank or Federal Reserve will deny any involvement in these programs
Bank Paper
Bank responsible commitment of funds
Bank to bank transaction
Banking Co-ordinates
Blocked Funds Letters or Investment Programs
Blocking of Assigned Treasury Securities, "Limited Edition" or De-Facto Treasury Securities
C&F ASWP
Callable Conditional Sight Drafts
Cash Wire Transfer
Certified Bank invoice
Client Company Principals
Closing Bank
Collateral First Debentures
Collateral First Transaction
Collateral Houses, Collateral Source, Collateral Supplier
Collateral provider
Collateral Purchase Orders
Comfort Letter
Conditional S.W.I.F.T. payment
CUSIP Number
Cutting bank
Cutting house
Defacto Treasury Securities
Devisable, assignable and transferable letter of credit (LC)
Discounted US Treasury Obligations, Renting or Leasing of Treasury Securities
Discounting L/Cs
Documentary Letters of Credit
Emissions, remission, commissions and fallout
Facilitator has access to the world's top "trader"
Fiduciary Bank
Foreign Bank Advice
Fractional bank laws
Fractionalize or collateralize the funds
Freely negotiable, irrevocable, clear SWIFT wire transfers
Fresh Cut Paper or Bank Debentures
Fully binding commercial letter contract
Funds will remain in a bank account that only you are signatory on
Funds will be used only as collateral
Good clean cleared funds of non-criminal origin
Grand Master Collateral Commitment
Guaranteed Bank Notes
Guaranteed by Top 100 World Prime Bank
High Yield Debenture Trading, Financial Programs
High Yield Investment Programs (HYIP)
High Yield Asset management programs
High Yield Promissory Notes or Bank Notes
ICC (International Chamber of Commerce) 3034 or 3039 Letter of Credit
ICC (International Chamber of Commerce) 400
ICC 3032 London Short Form
ICC 3039 London Long Form
ICC 500 or 600 Bank Debenture Instruments
ICC Uniform Customs and Practices for Documentary Credit
IMF (International Monetary Fund) Stand-by Letters of Credit
IMF Backed Securities, Bill of Exchange, Bill of Equity, or Backed Bonds
Instruments delivered free of all liens and/or encumbrances
Interest at seven and one half per cent, payable annually in arrears
Interest rates guaranteed from 6% to 100% to 1000% per month
Intermediate Bank Notes
International Banking Days
International Certificate of Deposit (ICD)
Invested funds are fully secured by a Bank Endorsed Guarantee
Irrevocable Bank Purchase Order (IBPO)
Irrevocable Corporate/Confirmed Purchase Order (ICPO)
Irrevocable Pay Orders
Irrevocable Prime Bank Commitment
Irrevocable, Divisible, Assignable, Transferable, Fractionable, Revolving, Confirmed L/C. Payable 100% At Sight
Irrevocable, irretractable commitment of funds to purchase instruments
Issuing Bank
Key Tested Telex (KTT)
Leading Bank, Funding Bank, Closing Bank
Limited Edition Treasury Securities
Live prime bank instruments
Mandate Agent
Master collateral commitment
Millions or Billions of US dollars with rolls and extensions
Money Centre Bank
Non-circumvention and Non-Disclosure agreements
Obtain proceeds through Visa debit cards
Off balance sheet programme
Pooled funds
Pre-advise issued by bank
Prime Bank Debenture Trading
Prime Bank Guarantees (PBG's)
Prime Bank Instruments (PBI's), Notes, Guarantees, Trades or Letters of Credit
Prime European Bank Letters of Credit
Prime World Bank Debentures or Financial Instruments
Principal is guaranteed and/or secured by letter of credit
Private Placement Programs
Private Trading Programs
Program developed to level out the yo-yo syndrome in the banking industry
Proof of Funds
Proof of Product
Ready Willing and Able
Roll Program
Seasoned Bank Debentures
Seasoned Paper
Soft Probe
Spot Trading
The way all banks or big banks make their money
Top 100 Prime Bank
Trader, Facilitator, or Broker
Trader, Trading Bank, Exit Buyer
Transaction parameters
Transaction Tranches
UCC (Uniform Commercial Code) Form references
Unconditional S.W.I.F.T. Wire Transfer
US Dollar Bonds, Federal Notes, Medium or Mid Term Notes or Bank Notes
US Government Agencies attempt to seize the funds for themselves
US Government will deny the existence of these programs because the Government does not want your money to leave the US
Validation of the MCC (Master Collateral Commitment)
Window time
With full corporate and legal responsibility
Zero Coupon L/C
Common Statements Used To Entice Victims
Be suspicious if someone you are considering doing business with uses any of these statements to you:
"This is a secret trading program, backed and approved or sanctioned by the Federal Reserve Bank (FED), The International Monetary Fund (IMF), The World Bank".
"The program was established originally by the elite families such as the Rockerfellers, Gettys, Rothschilds, Carnegie's, etc."
"A percentage of the yield must be used for charity, social programs or humanitarian aid."
"The funds will remain in a bank account that only you will have signatory powers to."
"The funds will remain in a bank account which is blocked, can be withdrawn at short notice and will not be at risk. They are only to be used as collateral to enable the trader to embark on a trading program."
"The information contained in this document is for information purposes only and is not intended as a solicitation nor an offer to sell any form of securities."
"Only 5 to 10 traders in the World have access to this program."
"The trades will only be conducted with one of the top six domestic Banks or Top twenty European Prime Banks."
"The trader will only perform 40 trades a year."
"The funds for investment must be good, clean funds of non-criminal origin derived from legitimate business, without liens, unencumbered and available for investment."
"This is how all the big banks make their money."
What Help Is Available To Victims Of Investment Fraud?
If you believe you might be being set up as a target for fraud, report to your local police station, or if you are an investigator and you think you might be dealing with this type of fraudulent activity then please contact the SCD6 Economic and Specialist Crime OCU.
SCD6 Economic and Specialist Crime OCU
Wellington House
67-73 Buckingham Gate
London
SW1E 6BE