3 self liquidating offers pdf
The fraud operators present the 4% advance fee as payment for an insurance certificate covering the loan.Of course, since you will be buying the required collateral and income-producing instruments from the loan proceeds, your credit history does not matter. How can it be a rip-off if there aren't any front-fees involved? Could I do a Self-Liquidating Loan in a smaller amount and have a better chance of success?We repeat that All you have to have is a viable project for which the fall-out from the loan will be used. Can I do a Self-Liquidating Loan locally; In my own home town?In order to qualify for the loan, victims are required to register a new company in the Middle East.
Once the company is registered and the advance fee handed over, victims receive a counterfeit cheque for the full amount borrowed.
Those stung by this operation have found themselves losing hundreds of thousands of euros and holding worthless insurance certificates.” He concluded: “The FIB recommends that any loan offer appearing to have similarities to the fraud depicted above, should be treated with suspicion and avoided.” FIB is part of the ICC's Commercial Crime Services (CCS).