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UN Sovereign Historical Asset Program
Posted: Sat Feb 19, 2011 7:53 pm
by utoiler
Does anyone know about this program? It is sometimes called -UN Heritage Historical Asset Program. They are supposedly funding investors who have old bonds, etc. The US 1934 lost bonds are what my "advisor" is touting.
Re: UN Sovereign Historical Asset Program
Posted: Sat Feb 19, 2011 8:18 pm
by Pottapaug1938
Run -- do not walk -- in the other direction from this "advisor". These mythical bonds are well known, in the numismatic community, as being a scam. If I recall, they originate in China; and they look as if someone had an old Silver Certificate or FRN and did some skilful photoshopping. They also use mock-financial terminology that never has appeared on any US currency or security; and some of them use terms like "Ministry of Finance" which would never be used by any U.S. Treasury document -- nor anyone with any elemental knowledge of how the U.S. government is organized.
Here is one link which will help you out:
http://www.treasurydirect.gov/instit/st ... amples.htm
You can also Google "US bonds 1934" and get plenty more -- maybe even a picture of them, like the old Quatloos site once had.
Re: UN Sovereign Historical Asset Program
Posted: Sun Feb 20, 2011 5:50 am
by utoiler
Thanks for the reply and the advice. What about the UN Sovereign Historical Asset Program without the 1934 Bonds? The bonds were in the conversation but I rejected it. How about the Hist. Asset Program otherwise?
Re: UN Sovereign Historical Asset Program
Posted: Sun Feb 20, 2011 12:29 pm
by Thule
utoiler wrote:Thanks for the reply and the advice. What about the UN Sovereign Historical Asset Program without the 1934 Bonds? The bonds were in the conversation but I rejected it. How about the Hist. Asset Program otherwise?
The what?
A search for the excact phrases "UN Sovereign Historical Asset Program" or "Historical Asset Program" gives 0 hits. So I'm putting my money on "scam".
Anyone pushing 1934-bonds is not to be trusted.
Re: UN Sovereign Historical Asset Program
Posted: Sun Feb 20, 2011 2:59 pm
by notorial dissent
Utoiler, what part of this is a scam was not clear???
A simple question to ask yourself would be, why should / would the UN, or any other fill in the blanks organization, be concerned about a bunch of old bonds that had been disavowed , theoretically by the issuers, if the issuers were not going to stand behind them? The plain and simple answer is that they would not, and in fact are not interested or involved. They are at best considered to be a local matter and not within the purview of the UN, or any other organization for that matter. There is NO "UN Sovereign Historical Asset Program" or "Historical Asset Program" and never has been, any more than there is a UN office set up to compensate alleged victims of the Nigerian 419 or other scams, yet you see emails from them all the time and someone willing to take some money from you so that you can be compensated for something that never happened.
This is a really really old and tired scam that has been making the rounds in various forms for years.
If you want to buy old paper with pretty pictures on it, there are lots of legitimate companies that will be happy to sell all the old bonds and stocks you want, and some of them, as collectibles, are worth a fair amount of money, but in and of them selves nada.
Re: UN Sovereign Historical Asset Program
Posted: Sun Feb 20, 2011 4:33 pm
by Pottapaug1938
I'd almost like to get one of these bonds. I'd pay $1.00 for it; and I'd keep it (and show it to my Coin Collecting Merit Badge students as an example of counterfeiting and scamming).
Re: UN Sovereign Historical Asset Program
Posted: Fri Apr 29, 2011 2:51 am
by Gregg
Maybe it's just me, but if I know the first thing an adviser pitches me is a scam, I usually don't let him pitch me a second time. Even if, giving him the benefit of the doubt and saying it's a scam but he didn't know, I'm not willing to let people who can't recognize a scam talk to me about money. He's either a crook or an idiot, and I pretty much demand my advisers not be either.
In other news...
Pottapaug1938 wrote:I'd almost like to get one of these bonds. I'd pay $1.00 for it; and I'd keep it (and show it to my Coin Collecting Merit Badge students as an example of counterfeiting and scamming).
Just out of curiosity, if you could get your hands on one, would it be legal to possess it? For instance, having a counterfeit twenty just in your possession could get you a a spot of trouble with the Secret Service, but how about one of these?
Re: UN Sovereign Historical Asset Program
Posted: Fri Apr 29, 2011 3:47 am
by notorial dissent
As long as you are not trying to scam someone, they are just historical or Scripophological curiosities. If what they are peddling are the million dollar federal reserve bonds that could get iffy, since they are technically pretending to be something that never existed, but there are lots of fake / altered / who knows what dubious stock and bond certificates floating around as it is. The famous ones are like the $1000 Gold Peruvian bonds that are floating around, they're real, and absolutely worthless in both senses of the word. There is also a whole issue of midwest railroad stocks that occasionally pop up that are equally worthless, very pretty, but worthless. The company apparently had a box car load of them printed up, stored them somewhere, and someone modernly found them and so they pop up from time to time. The railroad is of course long gone and was never worth much even when the paper was new, but they catch a new generation every so often with them.