Small Cap Program Scam

By joining our community you will have the ability to post topics and access other forums reserved for members. Registration is quick, simple and absolutely free. Join our community today by clicking here.

Hello I'm New here! Joined: 11 Aug 2013 Posts: 1

On a recent vacation/holiday to Thailand, I came across a British guy from London who claimed he was starting a trading venture with the aim to trade goods to Iraq from Poland. This was at my hotel.

This was after he asked me what I did. I work in a trading company myself in Asia.
He asked if I could source products and I told him if he send me details, I will see what I can do.
He sent me some specs for water pumps and a photo of one that he had been given a quote on.
I just contacted some companies to get a basic idea of costs and one told me the specs and photo didn't match.
So, I looked into water pumps, got an idea on how they work etc and looked at his specs saw that something was amiss.

I informed him and he apologized and said he has people on it.
Then a few emails later, (he'd been asking about recycled engine parts amongst other things before that) he sent me a banking proposal and a Jet fuel proposal.

I ignored it and thought he would make a Lagos lad proud. But about 10 days later he sent me another email asking if I had looked at the banking proposal.
So, I thought I would share it here:

Quote:

> Subject: Small Cap Program
>
>
>> WITHOUT PREJUDICE – STRICTLY NOT FOR DISSEMINATION, FOR YOUR CLIENT ONLY
>>
>>
>>
>> EUR/USD 1M (One Million) to a maximum of EUR/USD 15M (Fifteen Million)
>>
>>
>>
>> The funds remain in the client’s own account, and are blocked with an MT799 as long as the funds are on deposit with an acceptable “top tier” bank.
>>
>> If the funds are on deposit with the appropriate Swiss bank, then the funds will be blocked by an internal Administrative Hold managed and confirmed by the client’s bank officer.
>>
>> If the funds are on deposit with a lesser known/less rated bank, a new stand-alone account will be opened for the client in a Swiss bank into which he/she transfers the funds – blocking then by Administrative Hold.
>>
>> Returns are NET to the client at 10% (Ten Percent) to 20% (Twenty Percent) on a weekly basis, distributed to the client each Friday. (Based in historical returns).
>>
>> The term of the program is 40 (forty) weeks.
>>
>> NB: Funds remain with the client at all times in the clients own account/s.
>>
>>
>>
>> EUR/USD 25M (Twenty Five Million)
>>
>>
>>
>> Swiss trading account is required for this – client will be assisted to open his/her new stand-alone account with the transaction bank.
>>
>> 12 Weeks contract with the bank (4 leveraged contracts).
>>
>> Returns of 100% (One Hundred Percent) GROSS are on a weekly basis then split with the bank platform, distributed to the client each Friday. (Based in historical returns).
>>
>> NB: Funds remain with the client at all times in the clients own account/s.
>>
>>
>>
>> To engage the client is required to provide a formal submission; the trade principal’s preferred standardised format is attached to this email.
>>
>>
>>
>> · Please ensure that everything is completed in full – prepared, printed, initialled, wet signed, sealed, and then scanned in PDF format.
>>
>> · NO ELECTRONIC SIGNATURES WILL BE ACCEPTED – Signatures MUST BE WET BLUE INK. Each page much be initialled and the full signature where applicable.
>>
>> · Both the submission file and the Proof of Funds must be dated within 3 banking days at the time of submission.
>>
>>
>>
>> If a corporate submission:
>>
>>
>>
>> · Ensure that a copy of the Certificate of Incorporation is included.
>>
>> · The board resolution is signed by all necessary corporate officers.
>>
>> · Corporate Seal is included with the signatures.
>>
>>
>>
>> Kind Regards,
>>
>>
>> Disclaimer
>>
>> [The information contained in this e-mail message and any attached files are confidential information and intended solely for the use of the individual or entity to whom they are addressed. This transmission may contain information that is privileged, confidential or exempt from disclosure under applicable law. If you have received this e-mail in error, please notify the sender immediately and delete all copies. If you are not the intended recipient, any disclosure, copying, distribution, or use of the information contained herein is STRICTLY PROHIBITED. Multirole & Company Limited accepts no responsibility for any errors, omissions, computer viruses and other defects.]

Also included were attachments which were the 'documents to sign' that wanted everything from your passport, bank details, Social Security details etc etc.

Posted: Sun Mar 02, 2014 4:51 pm

Drop him. Especially if he has your REAL contact information and has met you in person. Too dangerous. Thanks for sharing his email! Maybe one of the mods can post on Scamwarners??