Quatloos! > Investment
Fraud > HYIP
& Bank Debentures
How about risk-free and guaranteed returns of 30% per week on your
investments, generated from super-secret off-balance-sheet trading
by prime European banks? Or, how about some Medium-Term Notes issued
by the U.S. Federal Reserve which are deeply discounted so that
the effective rate of return is 80% profit to you. 1933 Chinese
Bonds paying 1,000% interest, anybody? All of this sounds pretty
good, but it's completely bogus and the hottest financial scam going
these days.
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"Preventing
Financial Instrument Fraud" -- prepared
by the ICC Commercial Crime Services, the anti-crime
arm of the International Chamber of Commerce. This unique reference
guide uncovers the mysterious world of High Yield Investment Programs
(HYIP) and Financial Products such as Letters of Credit, Bank Guarantees,
CD's, Safe-Keeping Receipts and more as used by Fraudsters. By
Jon Merrett and Paul Renner
The
Fraud Investigator

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