The Liquid Asset Lending Swindle

Lenders want collateral to make loans. It's their insurance against loss of loan principal. When borrower puts up collateral, they usually lose control of it. It's loss of control of assets that allows swindler to run this sting operation.

Often as an offshore bank or insurance company, Liquid Asset Lender offers to lend 80%-90% of value of approved liquid assets to anyone seeking a business loan. Terms are standard Prime plus three adjusted quarterly. There is little lender concern about merits of business plan. The preferred liquid assets are gold bullion coins or shares trading on New York Stock Exchange. Most of these lenders will accept shares in companies trading on Nasdaq, AMEX and regional stock exchanges, as long as average daily trading volume meets lender's requirements. There is usually a two-week or more delay between time borrower supplying collateral and their company receiving their loan.

The lender takes collateral and immediately sells it. Then, they loan agreed upon percentage of sold liquid assets to borrower. They pocket difference and await monthly loan payments, which they pocket as well.

Over 99% of time, borrower defaults on loan and lender simply walks away with profits. Rarely, borrower repays loan. In that case, swindler creates a new lending firm and continues running scam. Some of these swindlers have been running this scam for over a quarter of a century without ever being contacted by a government fraud investigator. This confidence game is easy and profitable. If you offer 90% loans and pigeons supply you with ten million dollars in liquid assets, you keep a million dollars. Assuming an interest rate of 8% on lending of pigeon's sold assets, you earn $720,000/year, without any additional effort. The average bank robber gets $3,500 for their efforts and can expect a massive effort to put them in jail. As with PBG broker network, there is a network of finders seeking pigeons for this shakedown.

An ounce of prevention is worth a pound of cure. Have someone knowledgeable about business finance look at any offer that appears easy and too good to be true. It could save you hundreds of thousands of dollars.

Choosing right card can be time consuming. As overall look of your gift is very important, you must consider size when choosing your card. The safest way is to choose a small size gift card, as it will fit to any size gift. In my opinion, Groovy-0-Grams mini cards are best to use as they fit perfectly on any size gift and they are very affordable. For price of one greeting card, you get six per pack and you can use mini cards for six different occasions. Now that’s a bargain! Not only are they affordable, mini cards are really fun to use as they focus on different personalities rather then occasions. They also promote positive self- esteem, which is a gift in itself.

Being prepared in advance with a pack of mini cards will save you time and money. And, when those last minute gift frenzies strike, you will spend more on your gift and less on fluff. Happy gift shopping!

For more gift shopping ideas and tips please log on at http://www.groovyarts.com