|
Nov 11
|
Offshore Investing ScamsInvesting Wisdom Comments Off
|
There are many offshore investing scams floating around the internet.
Offshore scam artist have beautiful websites, luxurious literature, and “educational” tutorials.
They ask investors to put money in non-existent companies inside foreign countries. They promise investors high returns and tax-free results with absolutely no danger.
Offshore scam artist use sophisticated lingo such as “bank debentures” or “standby letters of credit,” complicated-sounding aspects like “offshore fund leasing,” and inexplicable instruments similar to “interbank trading” and also “seasoned notes.”
Tutorials are quite often held in thrilling areas and cost thousands of dollars to go to; marketers tout “connections” and a assurance of “no taxes” on your investment
Because this scams are outside the jurisdiction of united states, law- enforcement organizations simply cannot investigate when investors cry foul.