Economic Frauds / Protect your self against fraud

Protect yourself against economic fraud

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 phone numbers they provide you are all cellular-mobile phones which they carried around the globe.

Expensively produced confidence-inspiring brochures and website presentations help you to believe those frauds are genuine investment opportunity. 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 usually several years.

This kind of Economic fraud is carried out by skillful "false investment advisers" and "false investment sales representatives" is a growing common phenomenon today.

Usually, the perpetrators (criminals) have international connections.

In the majority of cases, you will have first contact by phone and invited to invest in a highly profitable foreign share. 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 and the transaction is completely

tax free.

The Five Flags Theory:

To avoid detection, the criminals operate under what is called The five flags theory. This is based on them working in at least five different countries.

Country 1.

Sales persons (criminal) based here make calls to prospective clients, but not to clients (victims) located in this country.

Country 2.

Clients (victims) are based here, clients (victims) are often based in several countries.

Country 3.

Products (false investment opportunities) are based here, usually in the form of shares or other financial instruments.

Country 4.

Bank based here, to which clients (victims) must send payments for their investments.

Country 5.

Perpetrators (criminals) reside in this country.

We perform your Due Diligence

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Let us do the most important job in order to save you a TOTAL LOSS.

Due Diligence is a term used for a number of concepts involving either an investigation 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 due diligence in various industries is the process through which a potential acquirer evaluates a target company or its assets for acquisition. (source Wikipedia)

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