Page 1 of 1

? Wire Fraud

Posted: Sun Sep 02, 2012 8:30 pm
by Another Victim
Please help. I have a small charity and I sent 50,000 Euros to an account in the US after being promised funds for a project. Our funds were to be invested. These funds were then transferred on without my knowledge to another company under the same name registered in Spain.

Do I have any chance of getting the funds back from the original company in US. Whenever I phone and ask for my money back I get told sorry they are merely the conduit for the funds and that my contract is with Spain. Surely as the receiving party they have financial responsibility to these funds? I live in the UK.

What advice can anyone give me, I am frantic and the second company has for several months just said they are awaiting wire confirmation every three days or so. I fear I have been scammed but am hoping that I have some leverage through the concept that this may have been wire fraud.

Thanks

Re: ? Wire Fraud

Posted: Sun Sep 02, 2012 8:44 pm
by Thule
Get a lawyer and/or talk to the police.

But you say you were "promised funds". What's the details here, why did you give money to the people who were supposed to fund you?

Re: ? Wire Fraud

Posted: Sun Sep 02, 2012 8:53 pm
by Another Victim
Thanks for response. I can do both of these but was hoping that I could claw back from the bank account where I sent the money to as they seem most adverse to any problems. The other Directors are forever telling me not to ph US as they have nothing to do with transaction.

I think I have fallen for the old scam of HYP. Have a contract and details of all parties and signatories passport numbers. Just cant believe they were so desperate that they would take money from a charity trying to set up a drop in centre for disaffected youth.

Have already contact FBI to be told deal so small it will sit on the bottom of the pile for months. Can you advise whether I have a chance of going for the original bank account holders where I sent the money?

Re: ? Wire Fraud

Posted: Sun Sep 02, 2012 8:56 pm
by wserra
Another Victim wrote:Whenever I phone and ask for my money back I get told sorry they are merely the conduit for the funds and that my contract is with Spain.


So what does the contract say? The exact words, please, not your paraphrase.

You didn't give somebody €50K without a written contract, did you?

Re: ? Wire Fraud

Posted: Tue Sep 04, 2012 8:49 am
by blackwatch
Another Victim,
Scumbags will take any money from anybody,
A charity is no exception.
We can help but need to know the full story.
Should you wish help please contact me at blackwatch09@gmail.com
If not, have a nice day anyway.
blackwatch

Re: ? Wire Fraud

Posted: Tue Sep 04, 2012 1:42 pm
by Number Six
If people do not do their due diligence before wiring money to other countries they should also be blaming themselves. What percentage of business and charitable activity are scams or wasted money? 50%? more? "Let your alms sweat in your hand until you know to whom to give it".