We
Be
Schemin..
Be
Schemin..
Lured by the promise of astronomical profits and the chance to be part of an exclusive, international investing program. Fraud artists who promote these schemes often use the word "prime" — or a synonymous phrase, such as "top fifty world banks" — to cloak their programs with an air of legitimacy.
Prime Bank Note Scheme
Trevon & Stefon have a legitimate package delivery business. Wanting to be more profitable they announce a merger with another delivery business. The merging company is said to be one of the most efficient, fastest growing in the industry. Providing statements, outlining and modeling a "one of a kind" business strategy a merger was made, the brothers sending phone number type money in the deal. Afterwards, they reached many, many dial tones and no contact with merging company could be made. Ultimately it proved a "ghost" town, is where the data provided in statements was collected. All have since found to be falsified.
Impersonation Fraud
A member with multiple consumer loans is requesting payoff information for all current loans. Member indicates multiple times that the guy who’s helping her is going to help her “cash out” by combining all her be other assets she’s using as collateral into one large loan.
Loan Restructuring Fraud
"Going Public" a phrase used to coin the time companies take their initial public offering. Before a company is made public, investors are easily lured into investing with the promise that the valuation of the stock purchased in this stage will be substantially greater when the company is public.
Pre IPO Investment Scheme
Jerry wants to turn his bonus check into millions. He uses his money to create a website that promotes untrue, false information about his “success” on wall street, and his uncanny ability to help people in foreclosure regain control over the banks and take their lives back by taking over their loans.
Foreclosure Prevention Fraud
a member shows you a statement because she’s concerned that the balances “look funny”. You notice the company letterhead is missing & the descriptions have improper dates as well along with many misspelled words and typos.
HYIP
High Yield Investment Program
(Likely Ponzi)
With an emphasis on recruiting, fraudsters attempt to make money solely by recruiting new participants into a program. Leaving them with one and only one mathematical result -- Collapse.
Pyramid Scheme
CeeDee has been purchasing bitcoin for years, however recently when trying to exchange/sell his coins, he never received his money, and his coins were not returned/rejected in the request.
Exchange Fraud
a member says they got an odd letter from the bank that said the bank was requesting she move money into a new account that guarantees a 10% return over 90 days at no risk and lists a false member of management in the salutation.
phishing/mail/social engineering fraud HYIP
Bernie, under the lure of his steady and consistently increasing returns continues to re-invest his money because returns "only go up". Behind the scenes, Anna, is asking to pull some of her investment. In order to pay Anna, the investment company uses Bernie's money he's been reinvesting to fulfill Anna's request.
Ponzi Scheme
Woody took a chance on GME in 2022 & made MILLIONS. Wanting to invest his earnings, he found an investment firm that has a one-of-a-kind strategy paying the highest returns on short term investments while also claiming that this strategy yields unusually consistent growth.
High Yield Investment Program
HYIP's
(Likely a Ponzi Scheme)
I trust my money manager, he doesnt let me see my balances online but he always pays when I request but I just choose to reinvestment most the time, it’s so easy, he doesn’t even charge me any trading fees.
Ponzi
(Peter needs to stay paid, so Paul avoids going broke)
There is always 2 sides to every story, just like there is also 2 parts to fraud. Promoters try to boost the price of a stock with false or misleading statements about the company. Next, they seek to profit by selling their own holdings of the stock, unloading shares into the market.
Pump & Dump Schemes
Con-artists are most successful when taking as much as they can as fast as they can, manipulating any and everything to avoid consequences. As of today the largest scam on record was busted on December 11th 2008. A Debunked Ponzi scheme done by this one time former NASDAQ chairman
Bernie Madoff
a member brings in two of his investment managers to help him get the all the money in his IRA, claiming they recently retired security exchange commission and now had the “inside scoop” on the upcoming trends.
Impersonation fraud
Or
Potential insider trading / improperly licensed money management