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Old June 11th, 2006, 09:50 PM   #1
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Default gtc-group-international.com

Here's an interesting one. Another that sounds a little to good to be true, but it's FREE so nothing to lose

Global Trading Corporation Group International is a small investment company specialising in emerging markets and secured private placement programs. An opportunity for one of our clients has arisen which will enable you, and our client, to make a guaranteed profit. Let me make it clear again that we are NOT soliciting for investment funds and you won't be required to invest anything, other than your time.

Our client is a family trust with $1B to invest. We recently presented them with an investment opportunity to make a return of 18% without risk. Unfortunately, this opportunity involves the purchase of certain restricted financial instruments in the Asian markets. Due to regulation, the purchase of these instruments is restricted to $200,000 per person (or trust or any other entity).

We are therefore unable to invest any more than $200,000 of our client's funds. We presented our client with a possible solution, to which they were agreeable. Our solution is very simple, as I'm sure you may have preempted already. We require 5,000 people who would like the opportunity to earn a share of the return WITHOUT any investment required. Once we reach this number, each person will have a trading account established in their name. Each account will be funded with $200,000. The trading cycle will then begin, which lasts for just over one month. At this stage, the profit will be split between our client and the participants. Of the 18% return our client will receive 5%. 1% is reserved to pay the referral commissions (see below), and the remaining 12% will be paid to each participant, of which you could be one without any investment required on your part.

If you decide to take part in our opportunity, you will receive $24,000 approximately one month after trading begins. The trading cycle will commence almost as soon as we have enough participants. The only thing we require from you is permission to establish a trading account in your name with a well known trading firm. You will not be liable for anything. The trading firm will send you a copy of their terms and conditions along with a form that you will need to sign and return. The terms and conditions explicitly state that for this type of account, you are not liable in any way. In reality there's no possibility of losing money in this type of trade, so the issue of liability is purely hypothetical and we only mention it here for your own peace of mind. You will NOT need to pay anything, or supply a credit card number or bank account number. All we require from you is a signature.

They also pay $2000 per referral. Check it out!

NB: I'm going to leave this one here as Jan post next leads to a good site where you can do some Due Diligence on other programs.
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Old June 11th, 2006, 10:06 PM   #2 (permalink)
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or NOT ... http://www.scam.com/showthread.php?t=8679
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Old June 12th, 2006, 12:07 AM   #3 (permalink)
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Yah, raises chronic red-flags for me too.
 
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Old June 12th, 2006, 06:36 PM   #4 (permalink)
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I knew it sounded a bit sketchy, but at this point they're not asking for anything more but an email address, so I don't mind giving them one and waiting for more info. They would have to address many concerns and unanswered questions before I evenn thought about sending them and personal info.

Also, got a PM from NorraLjusen who articulates some good points, so I thought I'd post here as well:

The scenario you mentioned makes no sense at all, on a number of levels. The most important element, though, is that no financial institution is going to accept 5000 new trading accounts in a short period of time. Those are 'special status' accounts that involve more than just routine compliance procedures in order to be established. A new client would have to show substance and strong financial history, as well as presenting a sound and unique business plan. 5000 clients making a 'cookie cutter' presentation would be a sure signal for the authorities to pick up the investigation.

Why expose yourself to such a possibility?

As well, I'm very familiar with instruments which can be utilized in private placements. Unless the Asian nation in question is Taiwan, they don't have any restrictions over and above what anyone else anywhere else would encounter. If the Asian nation in question is Taiwan, any format such as the one you mentioned is still going to be viewed as an attempt to circumvent regulations, which would again precipitate an investigation by the authorities.

In this day and age, given the current climate of financial monitoring --- and the repercussions that could ensue in the event of any transgressions --- under no circumstances do you want to represent funds that are not yours. This would be assuming a liability that far outweighs any gains.
 
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