Executive Summary – Here you can find a list of common scams and rip-offs on the Internet. We know of these scams from the victims that call us and describe them. For more information just call or write us.

Medium Term Note Scams – Medium Term Notes are bank-to-bank notes. The scam involves getting someone to buy into these moneymaking notes normally only available to banks and financial institutions. The scam comes with up front fees. We never ever saw one person get any money from a medium term note program. Run away, give them no money and waste no time on this.

Iraqi Dinar Scams – You get an email from a soldier who smuggled out millions of dollars of Iraqi Dinar. Never real just a scam. Up front fees. Run and do not waste any time on this.

Inheritance Scams – This scam is sort of played out but still happens. You get an email about a long lost relative who left you a massive inheritance. You never really knew about the inheritance. Up front fees. Run away just a scam.

Swedish Credit Union Scams – A Swedish Credit union is a special corporation that costs maybe $1300 to form, not the $75,000 they are sold for. These scam credit unions never really function; they can never get correspondent banks. They sell you the structure for tens of thousands, then the software etc. Forget this. If it was true you would see them operating and you don’t. Run away and save your money.

Trading Program Scams – These scams take various forms. One is say exchanging billions of euros for Dollars. This is something a bank does and the bank does not need you. Scams of this nature sound lucrative but are just a waste of your time and money. To us any sort of a trading program is just a scam and we avoid anything like it completely.

Letters of Credit Scams, Bank Guarantees Scams (BG), and CD’s – The scam here is to open a offshore bank account using a phony financial instrument as the opening bank deposit. Then they ask the bank to advance them say 10% of the amount of the instrument being deposited. Only a drunken banker would ever do this. Someone sells these would be scammers the forged financial instruments and explains to them how to do the rip off. They are ignorant enough to buy the instrument and try it. Sometimes they actually walk into the office of the bank and try to pass the instrument, which is a great way for them to go to jail. These false instruments never verify. The bank will verify the instrument for a large up front fee say $5000 to $25,000. The scammer will say ok take it out of the money from the instrument and the bank will say no pay up front. Generally these are just a waste of time. The scammer will tell you believable stories about past trades that were completed but do not believe them.

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