Dresdner Financial / Concord Latin America NA - SCAM?

Stock and Bond Fraud, including Boiler Rooms / Pump and Dump Schemes, Mutual Fund & Hedge Fund Fraud, FOREX scams, plus Churning, Private Placements, Venture and Bridge Funding, IPOs, Viaticals Fraud, HYIP and Prime Bank scams, MTNs, Historical Notes, Recovery Schemes, etc. Includes the Jim Norman Project and the Michael Dotson Project and similar HYIP scams.
chicagosox

Dresdner Financial / Concord Latin America NA - SCAM?

Postby chicagosox » Thu Oct 21, 2010 5:14 pm

http://www.dresdnerfinancial.com/bank.htm


Hi I am new to the site - I have attempted to conduct due diligence(reading this site / rip off report/scams.com/ google search ) and have attempted to research this company - Dresdner Financial - they apparently have offices in California and Illinois (200 W Madison ) - they work in association with Concord Latin America SA - in essence what they are offering is to obtain a standby letter of credit for 25 Million - which they will secure from a private lender and protect the lender by paying for an insurance wrap - they do not require collateral - but do require payment of $110 000 for the insurance wrap -this is apparently a non recourse loan - there is alarge amount of disclaimer language on their website - they use language such as the fact that they deal with the top 50 banking institutions in the world - leveraged buy and sell programs /and platform trading programs ....

I have ascertained they are not part of Dresdner Bank

I cannot understand the deal and am wary of securing finance that is no recourse , that I do not have repay either capital or interest ...

if any one has opinions or has heard of Dresdner / Concord - please let me know

Thanks

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Re: Dresdner Financial / Concord Latin America NA - SCAM?

Postby VinnyZ » Thu Oct 21, 2010 7:04 pm

1) Website looks cheap. Just your typical site that someone could throw together in a few hours with a typical website builder.

2) The website is hosted by GoDaddy, Inc. with no contact listings. GoDaddy is a low end hosting company.

3) Yahoo!Local shows no listing for a "Dresdner Financial" in Chicago. Scam artists often use the addresses of large office buildings on their websites.

4) >>>but do require payment of $110 000 for the insurance wrap<<< Generally speaking......Payment upfront = SCAM.


This one has "Scam" written all over it.

chicagosox

Re: Dresdner Financial / Concord Latin America SA - SCAM?

Postby chicagosox » Fri Oct 22, 2010 6:11 pm

Thanks so much for the input - I am supposed to meet the principals - will let you know

thefacts

Re: Dresdner Financial / Concord Latin America NA - SCAM?

Postby thefacts » Thu Nov 04, 2010 6:56 pm

I have to say that before you start saying things about companies, you need to know what you are talking about. I personally have gone through the program called Magnum with Dresdner Financial and I got my first return and second return and now I am on my final payout and from my past experience I don't forsee any issues with getting this one.

This was a private transaction and I have been very pleased with the entire process and the way the company has treated me. I know there are alot of scams out there so I was scared at first but I am so happy I went through with it because now I have been able to fund my project and not have to worry about all the declines from the banks any longer.

The affiliate I have been working with has been a very honest and forth coming person with all information, so what I can say is my experience has been more then satisfying, it has been a blessing from the good man above.

TJ

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Re: Dresdner Financial / Concord Latin America NA - SCAM?

Postby webhick » Thu Nov 04, 2010 7:17 pm

CaptainKickback wrote:In their bond section they say they can guarantee returns.

In the bond and securities industry this is known as a red flag. In the USA, a person holding a Series 7 securities license, or securities brokerage company CANNOT advertise that it guarantees to make you a profit/gain. Why? Because nothing in the bond or stock market is risk-free and there is always the possibility that you will lose money.


Why, if only they were licensed:

Notice: Dresdner Financial is not a licensed securities broker, bank officers or government employees; nor is any of the Dresdner Financial associates affiliated with or endorsed by any financial institution, government or government agency. Neither the sender, nor any of the Dresdner Financial associates, renders investment, legal or accounting advice.


That's printed at the bottom of every page in 8pt font. Any typos in there are theirs because although they may have stopped me from copy and pasting directly from the rendered site, they sure as hell can't stop me from seeing the site's source code.
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Re: Dresdner Financial / Concord Latin America NA - SCAM?

Postby notorial dissent » Fri Nov 05, 2010 3:22 am

Sneaky little ferret..... good for you.

So in other words, even though they are claiming to be an investment firm, in the find print they claim they aren't, and this leaves us with what, oh, oh, I know, they are scam artists....
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rec

Re: Dresdner Financial / Concord Latin America NA - SCAM?

Postby rec » Fri Nov 05, 2010 3:52 pm

The program presented to me was put up $300,000, they buy an SBLC and your rtn is approximately 13.5 Million. Take part of that and do the same transaction. When this transaction closes you will get approximately 100 million. I would like to fund my project in this manner. The question of trust in paramount because you do a wire transfer to them and then you wait approximately thirty days to get the proceeds. Looking for more info. to make sure they are not a scam.

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Re: Dresdner Financial / Concord Latin America NA - SCAM?

Postby notorial dissent » Sat Nov 06, 2010 2:42 am

I'm sorry, you have $300,000, and you're this brain dead, I don't think so!!!!!!!!!!!!!
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Re: Dresdner Financial / Concord Latin America NA - SCAM?

Postby webhick » Sat Nov 06, 2010 2:50 am

notorial dissent wrote:I'm sorry, you have $300,000, and you're this brain dead, I don't think so!!!!!!!!!!!!!


To be fair, it's possible for someone to come into a sum of money (lottery, inheritance) that is multiples of what that person has made in a year. In which case, they may not have the kind of money management wisdom that someone more experienced has.

That being said, if I came into $300k, I certainly wouldn't be looking at investing with a self-admitted unlicensed securities broker.
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Re: Dresdner Financial / Concord Latin America NA - SCAM?

Postby notorial dissent » Sat Nov 06, 2010 9:16 am

Webhick, agreed, it is possible. It is also possible that I am sixth in line for the British and Gallician Thrones, or that Pete will admit that CTC is a scam, but probable???????

First: The person making the post is rattling off the standard SBLC nonsense about increasing your investment 45 times. Please.... Capt, what are the odds on that ever happening, you're the insurance specialist?????

Second: The poster is rattling off the whole speel, which means they either learned it by rote and don't have a clue what any of it means, or else they are part of the scam. An innocent wouldn't get it that completely or say it the way it is presented.

Third: $300,000 just lying around to freely hand over, by wire transfer no less, to some scam artist with nothing to back them up but a poorly done website .... again, I don't think so. I can think of lots of better ways to throw away $300,000, and I would still get something back in return to show for it. Investing with Dresdener, not so much unless you count the wire transfer receipt.

Fourth: based on the statements and the way stated, I'll stick with my original summation.

And, just assuming for the sake of argument, innocence and extreme gullibility, the brain dead still more than applies.
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Re: Dresdner Financial / Concord Latin America NA - SCAM?

Postby wserra » Sat Nov 06, 2010 11:48 am

rec wrote:The program presented to me was put up $300,000 ... you will get approximately 100 million. I would like to fund my project in this manner.


Me, too.

I met this guy who tells me that he will put my $300K under his pillow, and when he wakes up it will be $100M. Whaddaya think?
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Re: Dresdner Financial / Concord Latin America NA - SCAM?

Postby Cathulhu » Sat Nov 06, 2010 4:17 pm

And if he can multiply money that way, what's he need my $300K for?
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Re: Dresdner Financial / Concord Latin America NA - SCAM?

Postby notorial dissent » Sun Nov 07, 2010 7:29 am

Insurance policy, sure, this thing NOT A CHANCE!!!!!!!!!!!!!!!!!!!!
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Re: Dresdner Financial / Concord Latin America NA - SCAM?

Postby JamesVincent » Mon Nov 08, 2010 6:03 am

I know this is out of my normal range but who actually says "fund my project"? Yet both people who reported in here said that same thing. Same person? Script? Bad script? Like a poorly translated documentary on capitalism. I have seen that verbiage in those letters you get, rich mans dies in Mannaseekafortune land and has no close relatives so the banks needs YOU to assume head of household and we'll give you beacoup bucks for lending us your name and bank account number... and social security number. I agree...$300k is wisely used in a number of different ways and I can think of a number of investments I could use it for. House would be a good one. Kids college funds, especially since my oldest wants to be a vet would also ring a bell. Sending it to Botswana via western express? Not exactly top on my list.
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Re: Dresdner Financial / Concord Latin America NA - SCAM?

Postby notorial dissent » Mon Nov 08, 2010 6:53 am

In other words, just one more scam!!!!
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Re: Dresdner Financial / Concord Latin America NA - SCAM?

Postby JamesVincent » Tue Nov 09, 2010 2:22 am

notorial dissent wrote:In other words, just one more scam!!!!


Kinda feels that way to me.
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craigm

Re: Dresdner Financial / Concord Latin America NA - SCAM?

Postby craigm » Thu Nov 18, 2010 3:33 am

The Facts, please contact me, I have tried to send a PM to you unsuccessfully.

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Re: Dresdner Financial / Concord Latin America NA - SCAM?

Postby JamesVincent » Thu Nov 18, 2010 4:31 am

CaptainKickback wrote:In their bond section they say they can guarantee returns.

In the bond and securities industry this is known as a red flag. In the USA, a person holding a Series 7 securities license, or securities brokerage company CANNOT advertise that it guarantees to make you a profit/gain. Why? Because nothing in the bond or stock market is risk-free and there is always the possibility that you will lose money.

No legitimate firm guarantees positive results, but all the phoney-baloney ones do.




You think that the website was bad? Look at this doc. Amazing returns.... guaranteed.

http://www.dresdnerfinancial.com/docs/. ... EEMENT.pdf
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Re: Dresdner Financial / Concord Latin America NA - SCAM?

Postby notorial dissent » Thu Nov 18, 2010 5:06 am

Direct quotes from the website:

The main notice is almost comical it is so poorly written:
“ Notice: Dresdner Financial is
not a licensed securities broker, bank officers or
government employees; nor is any of the Dresdner Financial
associates affiliated with or endorsed by any financial
institution, government or government agency. Neither the
sender, nor any of the Dresdner Financial associates,
renders investment, legal or accounting advice.”
I mean, if DF is NOT “a licensed securities broker”, then what in the Sam Hill is it? The rest of the notice is basically gibberish to no point that I can see until you get to the last part, which again makes sense, but then begs the question of what DF is.

I particularly like the warning on the bottom of one page:
“ DELIBERATELY ATTEMPTS TO ENGAGE and/or SOLICIT OUR
SERVICES FOR THE PURPOSE OF TRANSACTING ANY FORM OF
FRAUDULENT, INTERNATIONAL SECURITY THREATENING and/or
OTHERWISE ILLEGAL TRANSACTIONS, WE WILL HAVE NO OTHER
CHOICE THAN TO REPORT HIM/HER TO THE UN, FBI, FEDERAL
RESERVE CRIME OFFICE, S.E.C. and/or I.C.C. PARIS.”

I thought it was extraordinarily cute for a cheap con. Report them to the UN, or the Federal Reserve Crime Office, was priceless, or any of the rest for that matter. The FBI being the only valid one on the list, and then not likely, this bunch isn't willingly going to get any closer to the FBI than they can possibly manage.

On their main page just to show how legitimate they are they offer an option to become an “affiliate” or “vendor” of their program, again, a big I don’t think so!!!!! I mean what more could you ask for in a full fledged con.

Then on another page they are shilling for the “Eurasian Bank INFINITE Diamond Black Card” issued by that fine old financial firm of Kazkommerts Bank in Kazakhstan. Anybody want to take bets on which lists it shows up on? Didn’t think so.

I mean this just keeps getting better and better.

I will also go out on a limb, not at all actually, and say that DF is not registered with either the CA or IL business of securities divisions, which will have never heard of them, or that they have registered with the SEC or the Comptroller’s office, all of which are big Federal NO NO’s.

In other words, multiple State and Federal felonies across the board. I do suspect that the FBI if not Homeland will be interested in them for possible money laundering and violation of international currency violations, could get real messy.

Note to craigm, please feel free to post your “facts” on the board here, we always welcome a good laugh.
The fact that you sincerely and wholeheartedly believe that the “Law of Gravity” is unconstitutional and a violation of your sovereign rights, does not absolve you of adherence to it.

craigm

Re: Dresdner Financial / Concord Latin America NA - SCAM?

Postby craigm » Thu Nov 18, 2010 10:17 am

Note to NOTORIAL DISSENT;

"THE FACTS" is a user who posted comments about a successfull closing with Dresdner, I have asked that he contact me because I can't get a PM through to him.
Or he can post more information in the forum about his successfull closing.


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