There have been 414 views of this post and not one reply. I'm very grateful for the post but I believe what would make it more valuable are some facts.
An SBLC can cost as much as $2.5M or more to generate from a prime bank. The SBLC would be backed by a credit line that will determine it's actual face value. And the beneficiary may get that for 45% of face value assuming a one year term and have the ability to significantly leverage their investment or even enter into some type of trade with the resultant credit line.
So the fact that someone offers this may not be in itself a criminal activity but I suspect there might be something else, a fact that was not clear or reported that might have had bearing on categorizing this transaction as a fraud?
Certainly the fact that someone makes a claim to be an attorney but is not registered could be a problem. Did this gentleman do something to the poster that prompted this post?
It seems very easy to locate this gentleman and his company - linkedIn listing
- he appears highly visible.