World Bank trading POFs....
Posted: Thu Sep 10, 2009 8:42 pm
Okay....
Like so many other people here, I've recently been approached by someone who has information on a program I know nothing about. This guy is a long time friend of a friend of mine. He is VERY wealthy (confirmed by my friend) and his parents have a very profitable business. In any case, I just want to ask/announce/make aware of this 'offshoot'.
He starts off by saying he makes a lot of money in the European and US markets by trading dividends and coupons. He says anything can be traded...coupons, bank guarantees, even proof of funds. All of these instruments are traded on the second market and there are profits generated from the trades. He says the World Bank will trade Proof of Funds, or maybe use the POFs to facilitate trades, that will 'create currency' for other countries.
The program is similar to everything I've seen here. The 'investor' fills out a CIS which is sent to Interpol and Eurocheck. During the check the 'investor' opens an IOLTA (or similar account) in a main bank of their choice and deposits $1mm. No one else is required to be on the account, and he made no mention of being for/or against dual/triple signatories (who are not him) but I didn't ask either. Once the 'investor' comes back 'cleared' there is a contract that allows the World Bank to use a POF to facilitate transactions. He said that the World Bank can't pull the POF itself, so it would have large bank pull it and the POF would then be 'traded' one to three times a day.
The 'agreement' is for six months. At the end of six months the 'investor' receives 20% of the proceeds generated by the POF. He said he's personally done the deal, and had is father and wife do it, and they all saw returns of $10mm at the end of the 6 months. The proceeds can be deposited to any account in the world and suggested opening an account in Switz for the proceeds.
He's said he's fine with producing bank statements from his US and International accounts to prove the existence of the program.
The two things that really keep me on edge is that he said there are tiers (1mm, 10mm, 50mm, 100mm) and that you can only work with the World Bank at each of these tiers ONCE in you life, AND that someone who has done it already CANNOT lend money to someone else to enter the 'program'. (of course when he said it's risk-free I said, well lend me the money to do it, and the previous sentence was his response).
The guy was very fluent with all of the jargon I see here. M760, M999, bank guarantees, etc. I went to the World Bank's website but was unable to find anything regarding their trading behavior. I have yet to send them an email...which will be next....
My belief is that the CIS is a clever way to get all of your personal information and then through some identify theft measure, take the money out of the account. Any one?
Like so many other people here, I've recently been approached by someone who has information on a program I know nothing about. This guy is a long time friend of a friend of mine. He is VERY wealthy (confirmed by my friend) and his parents have a very profitable business. In any case, I just want to ask/announce/make aware of this 'offshoot'.
He starts off by saying he makes a lot of money in the European and US markets by trading dividends and coupons. He says anything can be traded...coupons, bank guarantees, even proof of funds. All of these instruments are traded on the second market and there are profits generated from the trades. He says the World Bank will trade Proof of Funds, or maybe use the POFs to facilitate trades, that will 'create currency' for other countries.
The program is similar to everything I've seen here. The 'investor' fills out a CIS which is sent to Interpol and Eurocheck. During the check the 'investor' opens an IOLTA (or similar account) in a main bank of their choice and deposits $1mm. No one else is required to be on the account, and he made no mention of being for/or against dual/triple signatories (who are not him) but I didn't ask either. Once the 'investor' comes back 'cleared' there is a contract that allows the World Bank to use a POF to facilitate transactions. He said that the World Bank can't pull the POF itself, so it would have large bank pull it and the POF would then be 'traded' one to three times a day.
The 'agreement' is for six months. At the end of six months the 'investor' receives 20% of the proceeds generated by the POF. He said he's personally done the deal, and had is father and wife do it, and they all saw returns of $10mm at the end of the 6 months. The proceeds can be deposited to any account in the world and suggested opening an account in Switz for the proceeds.
He's said he's fine with producing bank statements from his US and International accounts to prove the existence of the program.
The two things that really keep me on edge is that he said there are tiers (1mm, 10mm, 50mm, 100mm) and that you can only work with the World Bank at each of these tiers ONCE in you life, AND that someone who has done it already CANNOT lend money to someone else to enter the 'program'. (of course when he said it's risk-free I said, well lend me the money to do it, and the previous sentence was his response).
The guy was very fluent with all of the jargon I see here. M760, M999, bank guarantees, etc. I went to the World Bank's website but was unable to find anything regarding their trading behavior. I have yet to send them an email...which will be next....
My belief is that the CIS is a clever way to get all of your personal information and then through some identify theft measure, take the money out of the account. Any one?