30% is fine, but 101% is divine...

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Baiting Guru Joined: 03 Mar 2006 Posts: 7103 Location: Yes

Seems an investment company from Nigeria wants me to facilitate investing its funds in the U.S.:

Quote:

Dear Sir/Madam,

I am David Xxxxxxx from Nigeria (at least the lad is honest!) and also we have a company called Xxxxxxx Investments Ltd. Now we write to seek your opinion towards our proposal to you, we will like to work with you in this proposal, and the proposal is all about investments, we have plans of investing in your country, and also we have mapped out the fund for the investments and we do not want to buy anything from you or sell anything for you all we want to do is to invest in your country by using the fund to establish some thing profitable in your country or also we can invest in real estate through your help. As you know we do not know much about your country that is why we have decided to work with you so that you could guide us on what to do so we can make the investments, you are entitled to 30% of the fund for the investments if you can help us. We wish to hear from you as soon as possible.

I reply that I'm interested, tell me more, as I have many avenues of investment available to me. He responds:

Quote:

Your email dated 8th January, 2007 was received with great delight and the content was well understood. I seize this opportunity to thank you immensely for your kind response.

Just like I stated in my first email to you, we will like to work with you in this proposal, and the proposal is all about investments, we have plans of investing in your country, and also we have mapped out the sum of US$9,000,000.00 (Nine Million United States Dollars) for the investments and we want to focus on real estate.

For the past 1 year, we have been searching for someone who can help us make these investments, I mean someone that is responsible and reliable and I�m very happy that I found the right person. I am giving you my 100% trust and I hope you will not betray me. Twisted Evil

At this point, I request that you update me with all the useful and necessary informations regarding the rules of investment in your country. As you know we are not familiar with your country.

And also as I view you to be a more responsible personality, it's therefore necessary that you tell me a little about yourself. Please get back to me as soon as possible to enable us know our line of action.

Hope to hear from you soon.

I'm definitely in, but I have one condition:

Quote:

This is incredible indeed. However, due to the risk involved, I must insist on receiving the full 101% of the proceeds. While 100% will be well-received and protected pending your instructions on investment (and if in real estate may I recommend the tax-deferred Fiduciary Entitlement Limited Capital Housing), it is imperative that all accumulated interest and dividends (if any) also accrue to my benefit to ensure that all federal IRS provisions are met. Again, when investing in FELCHs, current law does not allow for deviation from the 101% baseline standard.

As you can see, I have some experience in converting foreign remittances into domestic tax shelters -- and I intend to make full use of these instruments to ensure that your generosity receives the pay-back it deserves.

If the above is acceptable to you, I will be in further contact with you via encrypted means.

Regards,

Will he go for it?

Quote:

Hello,
Thanks for your email and the information�s
which you provided, am very glad you have idea of
policies of investments in your country, that shows
that you are willing to make this with me. As for percentage
this sounds like it will all make sense. Laughing

I have discussed with my bank and my attorney and
they have given to me the necessary advice and also
the steps which I have to take to get the fund
transferred safely and perfectly.

So there you have it, never settle for anything less!