Two Popular Business Loan Scams

Written by William Cate


Two Popular Business Loan Scams By William Cate

Fraud is a growth industry. Law Enforcement rarely investigates fraud complaints, unless losses are measured inrepparttar tens of millions of dollars. Investigations seldom lead to charges. Unlessrepparttar 140347 accused is potentially involved with Organized Crime or Terrorists groups, extradition isn't a Government option. Swindlers are likeable people, convicting them of anything is extremely difficult. If convicted, jail time is in a resort atmosphere prisons and fines are infrequently collected. As Mafia members inrepparttar 140348 Canadian documentary "The Mafia in Canada" observed, Canadian jails offer better accommodations than their homes in Italy.

Knowledge and cynicism are your best defense against being taken. If it sounds too good to be true, odds are it isn't true. If it doesn't make sense, odds are it isn't true. If it isn't in writing, don't risk your money. If you can't arrange a local meeting withrepparttar 140349 principals, don't send them your money. Be aware ofrepparttar 140350 common business and investment scams. There are hundreds of variations of any basic scam. Ifrepparttar 140351 offer you are considering sounds like any common swindle, odds are it's a variation of that swindle.

PBG - The Scam That Won't Die

You want to borrow millions of dollars for your startup business. There's a bank or insurance company in some far off land willing to lend yourepparttar 140352 needed funds. They are willing to preparerepparttar 140353 loan papers and makerepparttar 140354 commitment for some sort of loan origination fee. The standard fee is 1% ofrepparttar 140355 funds being sought. Once you haverepparttar 140356 loan commitment and before you get your loan, you must find a major bank to be your cosigner. Thus,repparttar 140357 name of this swindle isrepparttar 140358 Prime Bank Guarantee (PBG) Swindle.

The major bank is being asked to accept allrepparttar 140359 risks inherent in making a business loan and get none ofrepparttar 140360 benefits. Assumingrepparttar 140361 bank's loan officer has an IQ of 60 or above, he or she will realize that this isn't a good deal forrepparttar 140362 Prime Bank. At least, withrepparttar 140363 major bank doingrepparttar 140364 loan, they would getrepparttar 140365 interest payments untilrepparttar 140366 borrower defaulted. PBG lenders know that Prime Banks won't lend. This is a front fee scam with no risks of defaulting onrepparttar 140367 contract terms, sincerepparttar 140368 borrower will never find a major bank co-signer.

The folks withrepparttar 140369 IQs below 60 arerepparttar 140370 large networks of "brokers" selling these deals torepparttar 140371 business community. They will help entrepreneurs find PBG lenders. For a fee, they will helprepparttar 140372 PBG victim contract Prime Banks to see ifrepparttar 140373 bank wants to berepparttar 140374 victim's co-signer. Many ofrepparttar 140375 people in this network may be good salespersons, but they lackrepparttar 140376 capacity for simple logic.

Gift Shopping Tips For Tight Budget

Written by Karen Couillard


Have you seenrepparttar prices of greeting cards lately? It is hideous! Once you purchaserepparttar 140340 card and gift-wrap, your overall cost can easily increase by $10 to $15. If you are on a tight budget, this can be difficult as you spend more onrepparttar 140341 fluff and less onrepparttar 140342 actual gift. Not only are greeting cards expensive, their sizes often overwhelm small gifts, which makerepparttar 140343 overall presentation, looking goofy and unbalanced. Basically, you really don’t need to spend on expensive greeting cards to make an impression.

We all have this perception that greeting cards arerepparttar 140344 perfect match to gift giving. Although true, there are cost effective ways that can help you spend more on gifts and less on greeting cards. For instance, packaged blank cards arerepparttar 140345 best way to go as you pay less per card then individually. The other advantage of blank cards is that they are not specific to an occasion and can be used for anything. You should always have a pack handy and ready to use, as you never know when you will need to buy someone a last minute gift or card.

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