Most of the scammers are aware that the old school, principles of asking people KYC or NCNDA etc which includes their banking details and information, are not supportive to assist any one of them to grab a penny from the investors pocket…….
Now the latest sync which they have grabbed on is… to assist people on Mortgage loans and assist in forming SPV ( special purpose vehicle ) for assisting the borrowers to get loans even without bad credit history…
What normally happens is the borrowers who is searching loans online or seeking HNI connections for raising funds, falls in trap of these penny scammers, and end up giving thousand dollar funds in false dream of creating a offshore company to seek funding from HNIS ( as committed by the scammers ).
Once they end up paying a high fee, and when they don’t get any returns, there comes the eye opener… for the borrower who was seeking investments …
So choose wisely which route you need to raise funds for your goals..
All I can say is there are no short cuts in financial industry… specially in financial industry.
We have come across many news of financial scams happening in USA / Europe / China, But the latest survey by a leading researcher shows the since 2009 the no of scams and scam prototypes, have numerously increased in INDIA, which is a prime area of interest in ASIA, and which is counted as one of the most promising upcoming areas for International Investments.Most of the scams are done in the name of PPP and HYIP commonly known as High Yield Trading Exposed, and Private Placement Programmes.
The trouble in the name of PPP/HYIP became so high that one of the leading bank in INDIA had to put up on their website, officially that such prototypes are scams. Isn’t it a horrible incident ?
Most of the brokers claim to provide 200 % of the investments return in 45 days or 180 days. This is done by them in the name of PPP/HYIP. I have collected enormous examples . I will post the prototypes soon as to what are the symptoms of you getting cheated.
Until then lets me post you which cities in India are made victim from such scams.
I have attached a poll kindly contribute by providing your views.