Front Fees By William CateYou're caught between a rock and a hard place. If you refuse to pay front fees, you won't get very much professional help and what help you do find will be very costly. Front fee scams abound. If you pay front fees, you seriously risk being a victim of these scams.
Attorneys, accountants, and business consultants offer advice and often turnkey services to
business community. They do so for money. Swindlers usually offer referral assistance to nonexistent programs or turnkey aid to nonexistent programs. It isn't that difficult to tell difference between swindlers and professionals.
Professionals offer advice. They are anxious to tell prospective clients about themselves and their companies. In most cases, an advanced search at Yahoo or Google will give you information about professional and their company. If their profession requires membership in a professional organization, like State Bar Association, they will be members. While they will charge you for a face-to-face meeting, you are given an opportunity to determine if their advice will actually help your company succeed. If you determine that they will make a good ally in your efforts for corporate success, a retainer will save you money and ensure more attentive service.
Swindlers aren't interested in making a few bucks doing a consultation. They are seeking big bucks of getting you to pay for nonexistent programs. They want you to know as little as possible about them. After all, you are going to eventually file a complaint with authorities against them. Their websites lack any information about anyone involved with their company. Their emails are unsigned. The information they supply is nonspecific. They dangle carrots in a foggy haze of vague but very enticing text. Credibility isn't their stock and trade. Working their scams from offshore is their usual policy.
Currently, there's a group of swindlers running a no front fee sting operation offering American entrepreneurs and business owners ten million dollar LIBOR plus three loans from Asian banks. The pigeon is asked to pay for business loan appraisal. The swindlers do appraisal. Assuming pigeon bites on bank loan appraisal rip-off, result will be an uncertain appraisal. To get loan, pigeon is then asked to pay for loan insurance. The insurance company is a myth. The swindlers run it. If you think about it, no insurance company would offer coverage on anything that is almost certain to fail within two to five years. If pigeon bites on paying loan insurance, they are hit with more costs. Needless to say, pigeon never gets loan.
