Some Tips to Avoid Letter of Credit Fraud

Jerlene · 2 Weeks Ago

If an "opportunity" appears too good to be true, it probably is.

Do not invest in anything unless you understand the deal. Con artists rely on complex transactions and faulty logic to "explain" fraudulent investment schemes.

Do not invest or attempt to "purchase" a "Letter of Credit." Such investments simply do not exist.

Be wary of any investment that offers the promise of extremely high yields.

Independently verify the terms of any investment that you intend to make, including the parties involved and the nature of the investment.

rachael24 · 2 Days Ago

Nice post...Im in full agreement here.

Jerlene · 1 Day Ago

You should be.

I got the basic jist of this from the F.B.I.

rachael24 · 1 Day Ago

LOL fair enough!

2 Weeks Ago	#1 (permalink)
Jerlene Senior Member Join Date: Mar 2007 Posts: 1,077 Rep Power: 3	Some Tips to Avoid Letter of Credit Fraud If an "opportunity" appears too good to be true, it probably is. Do not invest in anything unless you understand the deal. Con artists rely on complex transactions and faulty logic to "explain" fraudulent investment schemes. Do not invest or attempt to "purchase" a "Letter of Credit." Such investments simply do not exist. Be wary of any investment that offers the promise of extremely high yields. Independently verify the terms of any investment that you intend to make, including the parties involved and the nature of the investment. __________________ 1 \| 2 \| 3 \| 4 \| 5 \| 6 \| 7

2 Days Ago	#2 (permalink)
rachael24 Junior Member Join Date: May 2008 Location: Binghamton, NY Posts: 25 Rep Power: 0	Nice post...Im in full agreement here. __________________ Recent college graduate with a finance degree.

1 Day Ago	#3 (permalink)
Jerlene Senior Member Join Date: Mar 2007 Posts: 1,077 Rep Power: 3	You should be. I got the basic jist of this from the F.B.I. __________________ 1 \| 2 \| 3 \| 4 \| 5 \| 6 \| 7

1 Day Ago	#4 (permalink)
rachael24 Junior Member Join Date: May 2008 Location: Binghamton, NY Posts: 25 Rep Power: 0	LOL fair enough! __________________ Recent college graduate with a finance degree.

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