Thread: Very Interesting NEW Private Placement Fund.........

Thanks for the warning, Hasse. The risk seems to be by far too high! I think I'd better leave it and just delete the brandnew email account I set up for this program.

Originally Posted by Hasse

Hi, fwiw,
I forwarded this info to someone I pretty rely on and...
He informed me that he has been warned against it as there are several alarming issues about it. They will use your name to create a bank account and a trading account. One scenario (worst case he guesses) is that they will use that account with $200K to obtain a loan, then cash out and leave you with the debt ... :(.
He has joined himself but will be very, very careful what he sends to them in order not to get in trouble being accused of money laundering etc.
He finds it strange that the "customor" will agree to a solution where he only gets a 5% profit, when he could get a lot more by either investing somewhere else OR even better spend the necessary funds (far less than $24K per entity) to create a series of completely legal offshore entities and let these be participants in the venture.
The more he thinks about it, he gets convinced that this IS an attempt of illegal money laundering or a plain and simple scam to get hold of a lot of peoples identity... and imagine what that could be used for...
As I haven't any significant experience in these matters myself, I can not add much more. But I hope it's of some use anyway...
Take care,
Hasse

Interesting,

Since when can anyone open a loan for another for $200K, I don't think so, not in my lifetime at least. (g) Investment accounts do not loan money, unless on margin, which requires equity, so I don't think so. Since this is only a one shot deal, there is no ongoing fees for participants, so the principals will reap their rewards with ongoing investment once placed.

As long as international investment firm is licensed and registered, then the money laundering is not an issue as it will all be recorded properly as to where money comes from, and where it goes. Sure is fun to see the opinions fly on what we have no clue about yet. As soon as all positions are filled, it will be interesting to see this play out, if for no other reason than to learn from it even if we don't earn from it. (g)

Good luck to all, Mike

Hi Mike,

I agree it will be interesting to see how this plays out. As soon as information is released I am considering making an impromtu visit to check out the offices as it is one tube stop away from where I work in London!

The count is now up to 4875 so we should soon see the details of this opportunity.

Cheers

Tube Stop????

Just visited group email site and members listed at 4944. 5:15 PM EST here east coast USA

Very close now.

kozmar

At 3:00 PM PST.......5003 members

Well... maybe there was nothing to this one after all. Surely they would have stopped the sign ups by now... But it seems that the membership count keep growing. Oh well..... too good to be true?

The site seems to be down as well now. I don't know if that's significant or coincidence.

The site is back up...and so is the count now at over 5700.....hhhmmmmm
lyle147

Well, considering the count went over 5k we can assume this was probably a scheme to collect email addresses.

As was pointed out above, and as im sure most everyone thought when first coming across this, is why in the world wouldnt this billionaire just open 5000 legal structures through which he could invest? This would cost far less than 24k each.

Anyway I signed up (at their Yahoo email list???) if only to get a laugh out of it, and of course JUST IN CASE...however no one should take this thing seriously, its a shot in hell.

Trade

Funny,

Justin Case is a good friend of mine, made me a ton of money over the years, so I guess we all feel the same, just in case. (g) Emails are worthless as I always use throw away email on anything uncertain. I am sure since so many never follow through, they want extras to insure they have enough participants, so time will tell.

Good luck to all, Mike