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Fraud Prevention

 

If you are approached to make a high yield income investment or to become involved in the prime bank investment fraud, then you should carefully look at the documentation that you are asked to sign.  Such documents are normally filled with meaningless legal gibberish.  Some of the typical phrases you should look for are set out below.

 

Look for Typical Phrases, some of them Meaningless

 

  • Ready Willing and Able

  • Prime Bank Guarantees (PBGs)

  • Prime Bank Notes (PBNs)

  • Guaranteed by Top 100 World Prime Bank

  • Unconditional S.W.I.F.T. Wire Transfer

  • Freely negotiable, irrevocable, clear SWIFT wire transfers

  • Callable Conditional Sight Drafts

  • Closing Bank

  • Issuing Bank

  • Fiduciary Bank

  • Bank Menu

  • International Banking Days

  • ICC (International Chamber of Commerce) 400

  • UCC (Uniform Commercial Code) Form references

  • Banking co-ordinates

  • Fresh cut paper

  • Seasoned paper

  • Collateral Houses, Collateral Source, Collateral Supplier

  • Collateral First Transaction

  • Grand Master Collateral Commitment

  • Validation of the MCC (Master Collateral Commitment)

  • Collateral Purchase Orders

  • Collateral Provider

  • Instruments delivered free of all liens and/or encumbrances

  • Non-circumvention and Non-disclosure agreements

  • Irrevocable Pay Order

  • Irrevocable, irretractable commitment of funds to purchase instruments

  • Lending Bank, Funding Bank, Closing Bank

  • Good clean cleared funds of non-criminal origin

  • With full corporate and legal responsibility

  • Interest at seven and one half percent, payable annually in arrears

  • 5, 10, 20 years etc. plus one week or one day

  • Fully binding commercial letter contract

  • Client Company Principals

  • Transaction Tranches

  • Millions or Billions of US dollars with rolls and extensions

  • Emissions, remission, commissions and fallout

  • Transaction parameters

  • There is to be no communication with our bank other than through the normal bank channels, no phone call allowed.

 

If you see two or three of the above all in one document, then you ought to seriously consider whether or not a fraud is about to be committed on you and take reputable independent legal advice.