Committing to educate, warn & protect general public from fraudulent scams & frauds perpetrated by criminal organizations which involves securities fraud, conspiracy to commit wire fraud or money laundering.
In the majority of cases, you will have been first contacted by phone and invited to invest in a highly profitable foreign shares, HYIP & Forex opportunities. You will always be told that a fast decision is required, otherwise you will miss out an "excellent investment opportunity".
The most usual argument is that the caller has insider information, lately they may charge you for fictitious tax fees.
In most cases, the person who calls you initially will use a false name. The company that he/she represents will not have a permit to conduct financial operations.
The company address is usually false and the phone numbers they provide you are often cellular-mobile phones, which are carried around the globe.
They also use online phone services and virtual offices.
They produced confidence-inspiring brochures and website presentations to help you believe, the frauds are a genuine investment opportunities.
The frauds are skillfully planned and are known within such circles as boiler-room (call center) activities and cold calling.
The criminals follow a set plan that has been prepared over a long period of time - over several years.
This kind of fraud is carried out by skillful "sales representatives, false financial advisers" and/or "false stock brokers" - this is a very growing phenomenon today.
Usually, the perpetrators (criminals) have international connections and operate mostly from Spain, Netherlands, Romania,
South-East Asian countries and lately from South Africa.
Most of these frauds are “Ponzi” schemes. After Charles Ponzi, who ran such a large scheme in 1920.
The Fraud claims that new investments are directly invested into the business venture and are in reality used to pay out nonexistent benefits to existing investors.
Targets may be contacted by sales people or advertisements, but most of the time by phone or internet as an email or confidence-inspiring web side.
Verify that the company (investment opportunity) is registered.
Check the firm (investment opportunity) and the person, by using web search engines or just contact us.
Due Diligence is a term used by a number of concepts involving either a research of a business or person prior to signing a contract, or an act with a certain standard of care. It can be a legal obligation, but the term will more commonly apply to voluntary investigations. A common example of do diligence in various industries is the process through which a potential acquirer evaluates a target company or its assets for acquisition.
Let us do the most important job in order to prevent a TOTAL LOSS.
If you are contacted in the future by companies offering you any kind of investment to buy new shares or to buy or sell your shares, online trading platforms HYIP, FOREX - Commodities),investment recovery firms, law firms any financial authorities or regulator asking you to pay de-restriction fees or W-8BEN tax fees.
The information and statements contained in this website is a matter of opinion, made solely for the purpose of providing information as a public service, and is made with the understanding that Economic Frauds Inc makes no warranties, either expressed or implied, concerning the accuracy, completeness, reliability, or suitability of the information.The information contained in this website is provided as a public service with the understanding that Economic Frauds Inc. makes no warranties, either expressed or implied, concerning the accuracy, completeness, reliability, or suitability of the information.All documentation received may be published, and forwarded to the financial authorities. All communications between Economic Frauds Inc and contacts may be recorded to ensure quality control and training purposes.
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