Prime Bank Trading Programs, High Yield Investment Programs, Roll Programs

information (0.0.0.0) -

Prime Bank Trading Programs, High Yield Investment Programs, Roll Programs and Private Placement Programs

1. A definition.

During the past few years, there has been a significant increase in the number of reports received in connection with Prime Bank Instrument fraud schemes that has now assumed epidemic proportions. Some current estimates indicate that investors have been defrauded out of nearly ten billion dollars in the United States alone. These fraud schemes have attracted significant international attention, as individuals and organizations have lost billions of dollars throughout the world.

The symbols, names and products of the Treasury Department (Treasury) are misused in these schemes in several ways. Some schemes claim that:

the Treasury backs or approves such programs,

the Treasury has a "secret trading room",

the Treasury must approve the humanitarian projects connected to these schemes,

Treasury securities have been purchased for investors to guarantee against any loss, and

a particular scheme has a way to pool investor funds and buy and sell Treasury securities "just like the Rockefellers can".

NONE of these assertions are true.

"Prime Bank Instrument Fraud" is the general term given to fraud schemes that go by many different names, including Prime Bank Debentures, Prime Bank Guarantees, High-Yield Trading or Roll Programs, Standby Letters of Credit, International Chamber of Commerce (ICC) 3039 or 3034 Letters of Credit, Guaranteed Bank Notes, Discounted U.S. Treasury Securities and International Monetary Fund Backed Securities. In these schemes, the fraud artists purport to have access to a secret trading program sanctioned by the Federal Reserve Bank, the Treasury Department, the World Bank, the International Chamber of Commerce or the International Monetary Fund. Claims are made that a privileged few are invited to participate in the trading of some form of bank security such as bank guarantees, notes, stocks, or debentures, which can be bought at a discount and sold at a premium. It is often claimed that there are only 5 or 7 "traders" or "master commitment holders" authorized to resell these bank securities between the top 25 or 50 world banks. By conducting these "trades" several times a year/month/day, they claim to be able to produce exceptional returns, ranging from 6% to 100% per month. Legal documents associated with these schemes often require the victim to enter into "non disclosure and non circumvention agreements" and require the invested fund be "good, clean, clear and of non-criminal origin." These frauds often encourage the victim to send money to a foreign bank where it is eventually transferred to an account that is in the control of the con artist.

These various "prime bank" trading programs or similar trading programs that offer secret, private investment markets, which purport to offer above average market returns with below market risk through the trading of bank instruments are fraudulent. Offering such programs, or claiming to be able to introduce investors to people who have access to such programs, violates numerous federal law; including criminal laws. There are no "secret" markets in which banks trade securities. Any representations to the contrary are fraudulent.

In addition, investment programs in which a financial institution is asked to write a letter, commonly referred to as a "Blocked Funds Letter", advising that funds are available in the account, that they are "clean, and of non-criminal origin" and are free of "liens or encumbrances" for a certain time frame are frequently used to perpetrate fraud schemes. These letters have no use within legitimate banking circles.

It is illegal to engage in fraud in the offer or sale of a security. Under most circumstances, it is also illegal to sell securities that have not been registered with the U.S. Securities and Exchange Commission. A security includes the following items: "note", "stock", "bond", and "debenture" as well as more general terms such as "investment contract" and "any interest or instrument commonly known as a 'security'." In the leading opinion, the Supreme Court of the United States, held that the definition of a security includes an investment contract, which is "a contract, transaction, or scheme whereby a person invests his money in a common enterprise and is led to expect profits solely from the efforts of the promoter or third party..." Designating such instruments as "loans" does not alter their legal status as securities. SEC v. W.J. Howey Co., et. al, 328 U.S. 293, 66 S. Ct.1100, 90 L.Ed. 1244 (1946).

2. Is it real? No! - How the Fraudsters Explain this Secret World.

The world of secret bank trading programs as depicted in the following link does not exist. While there is institutional trading of medium term notes and other debt instruments, there is no world of secret, off-book trading by large European banks where "traders" or "commitment holders" are invited into the mix. For a fairly common example of how this fraudulent world is explained to potential investors, please click here(920K, pdf file, uploaded 05-24-01). The more any explanation given to you resembles this explanation, the more likely you are being offered a fraudulent investment. For another explanation by fraudsters of how this secret world works and a superb rebuttal to this explanation, click here(40K, pdf file, uploaded 06-20-02). For an explanation about the origin of Prime Bank Fraud, click here(20K, pdf file, uploaded 06-20-02).

3. The Warnings.

Federal Reserve Board

http://www.federalreserve.gov/boarddocs/testimony/1996/19960717.htm

International Monetary Fund (IMF)

http://www.imf.org/external/np/sec/nb/1996/nb9614.htm

International Chamber of Commerce (ICC)

http://www.iccwbo.org/home/news_archives/1998/banking_instrument_scam.asp

Securties and Exchange Commission (SEC)

http://www.sec.gov/divisions/enforce/primebank.shtml

Federal Bureau of Investigation

http://newyork.fbi.gov/contact/fo/nyfo/fraudalert.htm#prime

Department of Justice Fraud Alert

Click here. (316kb pdf file, uploaded 05-24-01)

State of Connecticut

http://www.state.ct.us/dob/pages/primebnk.htm

4. Several varieties of the buzzwords or red flags are associated with these schemes.

There are many terms that are commonly seen in documents presented by fraudsters in the course of marketing fraudulent investment schemes. Fraudsters often mimic and misuse legitimate banking terms, given that there is a legitimate and purely institutional business in which the general public cannot participate. Many of the following terms are legitimate. These genuine terms then become misused along with those that have no meaning in the real world. They are thrown together in documents that contain a mix of fact and fiction, often confusing to the naïve investor. These include, but are not limited to:

Non-Cirumvention, Non-Disclosure

Good, Clean, Clear and of Non-Criminal Origin

Blocked Funds Investment Program

Prime Bank Trading Program

Federal Reserve Approved

Treasury Approved

Roll Programme

Irrevocable Pay Orders

Prime Bank Debentures, Notes, Guarantees, Letters of Credit,

Fresh Cut Paper

High Yield Investment Program (HYIP)

ICC 3034 or 3039 Letter of Credit

Off Balance Sheet Program

Other terms:

Prime Bank Debenture Trading,

Prime Bank Instruments, Notes, Guarantees, Trades or Letters of Credit

Prime European Bank Letters of Credit, Prime World Bank Debentures or Financial Instruments

Prime Insurance Guarantees

High Yield Debenture Trading, Financial Programs, Asset Management Programs

High Yield Investment Programs (HYIP), High Yield Promissory Notes or Bank Notes

Guaranteed Bank Notes, Intermediate Bank Notes

Roll Programs or Bank Debenture Roll Programs,

ICC (International Chamber of Commerce) 3034 or 3039 Letter of Credit

ICC 500 or 600 Bank Debenture Instruments

IMF (International Monetary Fund) Stand-by Letters of Credit

IMF Backed Securities, Bill of Exchange, Bill of Equity, or Backed Bonds

Discounted US Treasury Obligations, Renting or Leasing of Treasury Securities

Blocking of Assigned Treasury Securities, "Limited Edition" or De-Facto Treasury Securities

US Dollar Bonds, Federal Notes, Medium or Mid Term Notes or Bank Notes

Blocked Funds Letters or Investment Programs, Documentary Letters of Credit

Irrevocable Pay Orders, Collateral First Debentures, Money Center Bank

Fresh Cut Paper or Bank Debentures, Bank Paper, Seasoned Bank Debentures

Private Placement Programs, Private Trading Programs

International Certificate of Deposit (LCD), Irrevocable Bank Purchase Order (IBPO)

Irrevocable Corporate/Confirmed Purchase Order (ICPO)

Irrevocable Prime Bank Commitment, Zero Coupon L/C, Spot Trading

Common Catch Words, Phrases and Documents:

Although there are many different variations of the Prime Bank Instrument fraud scheme, most schemes include many of the following words, phrases and documents:

Secret trading program

Banks or Federal Reserve will deny any involvement in these programs

Non Circumvent / Non Disclosure Agreements

Funds are "Good, Clean, Clear and of Non-Criminal Origin"

Funds pooled together for minimum trade amounts of $10,000,000 or $100,000,000 (sometimes listed as "Ten [10] Million USD," etc.)

Interest rates guaranteed from 6% to 100% to 1000% per month

Trades with only the top 10, 25, or 50 banks in the world, such as Barclays or Credit Suisse

Program backed, approved, or sanctioned by the Federal Reserve Bank (FED or FRB), the International Monetary Fund (IMF), or the International Chamber of Commerce (ICC) or the Treasury Department

"Trader", "Facilitator", or "Broker"

Only 5 to 10 "traders" in the world have access to this program; Trader will conduct 40 trades per year.

Percentage of the yield will go to charity, social programs, or humanitarian efforts

US Government Agencies will deny the existence of these programs because the Government does not want your money to leave the US

US Government Agencies attempt to seize the funds for themselves

"Due 1, 5 or 10 years and 1 day"

"108" bank to bank certificate which guarantees the principle + 8% annual interest

Other catch words and phrases that have been associated with these programs include:

"Funds of non-criminal origin, are legally owned by or assigned for the participation in a specified High Yield Asset Management Program"

Principal is guaranteed and/or secured by letters of credit

"The funds will remain in a bank account that only you are signer on. These funds will be used as collateral."

Offshore trust accounts / tax free interest

Can obtain proceeds through Visa debit cards

Advised to remove from legitimate pension/WA accounts and send funds to self directed pension companies who collateralize the funds with a note, and are then invested in Prime Bank Instruments

Our "Facilitator" has access to the worlds top "trader"

"Trader" "Trading Bank" "Exit Buyer"

The way all banks or big banks make their money

Trades are sometimes referred to as "Tranches"

Only a select few are invited to participate in the trading program

Originally established by the elite families such as the Rockefeller's, Getty's, Rothschild's and the Carnegie's.

Fractionalize or collateralize the funds

Fractional banking laws

Hypothecation with insurance companies ($1.2M needed for insurance company to "hypothecate" $l00M needed for the trade)

Investment periods quoted on contracts would be "90 banking days", "one year and one day", or "five years and one day"

Program developed to level out the yo-yo syndrome in the banking industry

"The information contained in this document is for information purpose only and is not intended as a solicitation nor an offer to sell any form of securities"

Invested funds are fully secured by a Bank Endorsed Guarantee

"Cash" Wire Transfer

C&F ASWP

Comfort Letter

"Conditional" S.W.I.F.T. Payment

CUSIP Number

Discounting L/Cs

"Trades are specifically established at a term of 1 year and 1 day, so it does not have to appear on the bank's balance sheet"

Foreign Bank Advice

Irrevocable, Divisible, Assignable, Transferable, Fractionable, Revolving, Confirmed L/C Payable 100% At Sight

Key Tested Telex (KTT)

Market to Buy or Sell L/Cs

Proof of Funds

Proof of Product

Ready, Willing and Able (R,W & A)

Soft Probe

2% Performance Bond

* Pre-advise issued by bank

Bank responsible commitment of funds

Other things to look for that should make one worry:

A claim that the "promoter" has a steady business relationship with a large international bank

A refusal to give "full disclosure" of all involved

The expression "mandated agent"

Standby letter of credit (SLC)

11 Warning Signs:

1. Name dropping.

2. Buzzwords.

3. Excessive secrecy.

4. Over-reliance on authentication.

5. Excessive disclaimers.

6. Unwarranted appearance of professionalism.

7. Big player behind the scenes.

8. Yields are too high.

9. Lack of transactional basis.

10. The existence of a secondary market where these investments can be laid off quickly and profitably.

11. Flawed documentation.

5. Helpful links and Investigative Help:

For investigative help in the United States, please contact your local FBI Office.

For phone numbers of the various FBI field offices, see http://www.fbi.gov/contact/fo/fo.htm.

For the FBI Internet Fraud Complaint Center (IFCC), see http://www1.ifccfbi.gov/index.asp.

For the FBI National Crime Information Center (NCIC), see http://www.fbi.gov/hq/cjisd/ncic.htm.

For investigative help in London, please contact either:

Metropolitan Police Fraud Squad (New Scotland Yard), Broadway, London, SW1H OBG, Phone 011-44-207-230-1220, http://www.met.police.uk/fraudalert/prime.htm

or

City of London Fraud Squad, 37 Wood Street, London EC2P 2NQ, Phone 011-44-207-601-2575. http://www.cityoflondon.gov.uk/citypolice/index.htm

Comment #1 Sathyan G Nair (122.172.130.178) -

Mg.Partner~~High yield investment programs dettile Ples sathyan g nair

Comment #2 Rudi Mulawarman (111.94.22.171) -

President Director~~Dear, Sir

i stay in jakarta, Indonesia can you please give information to me about PRIVATE PLACEMENT INVESMENT PROGRAM is excample my money in the bank i block fund in US$ 10.000.000, 00

my question :

how much money or percent every week ?

how much cost or fee for trader per week or year ?

it is block fund save and my money not loss ?

what the critical risk for me ?

can you give the answer for me ASAP ?

what difficult if play in PRIVATE PLACEMENT INVESMENT PROGRAM ?

What scame cooperation trader, bank and me ?

ok Sir thanks for your information

Best regard

Rudi Mulawarman

Comment #3 kumar (203.82.79.107) -

director~~DEAR SIR, i am like to know more about trading programs, please update to my mail

thank you very much

kumar

Comment #4 R.Fauzy (125.160.111.98) -

FAITH Director~~Hi..Mr.Rudi Mulawarman,

As a Financial Advisor in Bogor West Java we have 3 Top Ten trader partner in the world in Our company from Hongkong, USA and UK please if you interest to Private Placement, HYIP or Rolling Program email to me to R.Fauzy@yahoo.com or you can visit our office to discuss, thank you.

Comment #5 Nick (69.137.204.24) -

not as stupid as you want me to be~~To all you fools out there that think this is the great golden goose: it's not! It can be very real but, the crooks and scam artists can be very real also. Take for example Comment #4, this guy claims to be a Financial Advisor who has 3 of the top 10 traders in the world! Yet, someone of that calibur not only can't speak / write proper English but, uses a Yahoo email address. HELLO! Am I the only one that see a problem here? WATCH YOURSELVES AND DO ALL OF YOUR DUE DILIGENCE ON THE PEOPLE CLAIMING THEY WILL MAKE YOU 1000's% RETURN IN A VERY SHORT PERIOD OF TIME!

Comment #6 Activetrader (116.58.11.50) -

High Yield Investing~~Excellent information! This information is excellent and I appreciate your effort to make this research possible. I would like to add one more thing about High Yield Investment that is high yield investing has taken on a totally new dimension since the introduction of the internet and the basic personal computer. In the United States, a high yield account is considered to be anything over 5% monthly. Of curse as the old adage goes, the higher the yield the larger the risk. This is true. You can not expect to earn more than an average percentage rate with less risk. It just doesn’t make sense.

Comment #7 Activetrader (116.58.11.50) -

High Yield Investing~~Excellent information! This information is excellent and I appreciate your effort to make this research possible. I would like to add one more thing about High Yield Investment that is high yield investing has taken on a totally new dimension since the introduction of the internet and the basic personal computer. In the United States, a high yield account is considered to be anything over 5% monthly. Of curse as the old adage goes, the higher the yield the larger the risk. This is true. You can not expect to earn more than an average percentage rate with less risk. It just doesn’t make sense.

High Yield Investing

Comment #8 K V RAJA (122.164.232.65) -

HIGH YIELD ASSET PROGRAM REQIRED~~SIR

IAM HOLDING AN ASSET SCR/SKR VALUE USD 500X3 MILLION.

I WANT A GOOD TRADE PLATFORM.

THANKYOU

WITH KIND REGARDS,

K V RAJA

Comment #9 Ranjeev (121.245.19.249) -

prime bank trading programs,high yield investment programs.~~Dear Sir,

Kindly provide information on this programs for safe and legal investment.How to find who is real and who is fraud.

Thanks,

With Regards,

Ranjeev

Comment #10 SWAMY RR (122.167.106.109) -

Service Provider~~I would like to in detail about PPP and HYIP and which banks are dealing such type of programmes. RRSWAMY

Comment #11 alpesh mehta (203.76.191.166) -

hyp,ppp~~sir i want to know that is it true

then how to enter

where to go whom to considerd

Comment #12 Sudip Dasgupta (59.161.184.99) -

Investor Required for PPP~~hi!! we have direct contacts with platforms for PPP, BGs, Lease Bgs , MTNs, Freshcuts, SBLC, LTNs...we are looking for investors....please contact me if interested.

Sudip Dasgupta

Skype: sudip_dg77

Comment #13 AGUNG CHRST (114.59.221.157) -

Enterpreneurship~~Dear Mesrs,

I would like to have the information regardng the rolling program that giving high yeld per week.So, if yes that scheme is legal or illegal.Your valuable reply is greatly appreciated. Thank you for kindly attention.

Regards,

Agung C.

Comment #14 nilesh (59.183.20.199) - Fri Jun 18 06:17:31 2010

nisavi~~pls tel me each n evrything about programing i have 2 instruments to work...

Comment #15 alpesh mehta (203.76.191.189) - Thu Jun 24 01:13:22 2010

how to place in pogram~~as we have prime bank instrument what will be the yield and returns one time

for a period of 13 months

Comment #16 Mrs Thunyalux Danothai (110.49.193.125) - Thu Jul 22 11:30:57 2010

need to know about Prime Bank Trading Programs.~~I need to know about Prime Bank Trading Programs, High Yield Investment Programs, Roll Programs; Investment Fraud and how to do on the process from start to finish, really or not.

Thank you/Best Regards.

Mrs Thunyalux Danothai from Bangkok, Thailand.

Skype : thun_th1

Mobile : + 66806265511

Comment #17 Satheesan KG (122.169.51.31) - Thu Aug 5 07:07:56 2010

VP Strategic Alliances (India)~~Dear Sir,

I would like to know whether I could directly participate in these programs with instruments from some of my high networth clients. Is there an opportunity where I could be the representative through whom my clients can participate.

Regards

Satheesan

Comment #18 Dinno M Pahlevie (116.197.130.2) - Fri Aug 13 03:36:07 2010

Financial Engineering Consultant~~

Dear Sirs,

please guide and inform me about regulation and scheme of PPP (benefit & income) per years/monthly.

thanks four your appreciated

regards,

Dinno

Comment #19 Dinno M Pahlevie (116.197.130.2) - Fri Aug 13 03:44:47 2010

Financial Engineering Consultant~~

Dear Sirs,

please guide and inform me about regulation and scheme of PPP (benefit & income) per years/monthly.

thanks four your appreciated

regards,

Dinno

Comment #20 C+ (173.3.164.242) - Fri Aug 13 11:38:47 2010

President~~Please contact me at financial_alternatives at hotmail.com for information regarding PPP's and other alternatives for high net worth and sophisticated investors.

Comment #21 Ajay Gupta (121.245.206.5) - Sun Aug 22 05:21:48 2010

HYIP or PPP legal or illegal~~Dear Sir,

I have lot of clients to Ivest in these programs but I want to know that HYIP or PPP programs are true ot not, if true, who is real master in this market... n how it works...

regards

ajay

Comment #22 hemant (115.117.146.188) - Sun Aug 29 07:06:18 2010

joshi~~Dear Sir, I have a good amount to invest in PPP but I want to know that private placement programme investment are true or fake. If it is true how to find the right plateform to invest. No indian nationalised banks are not aware about these transactions. What Reserve Bank of India rules say about it? Whether these returns are free from tax. Which banks in India perform PPP? Please reply earlyiest possible

Thanks

Joshi

E-Mail:         

Name:            (required)

Title:           (required)

Message (do not enter emails or links or urls in the message!):

All users of this site agree to and acknowledge the following: This site is strictly a directory of websites and does not offer any investments for sale, advertise any investments, nor recommend any investments. The only criteria for inclusion of a link on this site is that it is related to investments.

TheInvestmentMachine.com has no responsiblity for any information contacted on websites it links to. It is your responsiblity to discuss the investment opportunity with your attorney, qualified investment advisor and/or appropriate regulatory agency.

All messages are the opinions and responsibility of their posters. This is strictly an online forum for the vigerous debate of investment related topics. Before making any investment you should review the Investment Fraud section and discuss the investment opportunity with your attorney, qualified investment advisor and/or appropriate regulatory agency.

• <a href="http://www.theinvestmentmachine.com">The Investment Machine</a>
• <a href="http://www.theinvestmentmachine.com/cgi-bin">Prime Bank Trading Programs, High Yield Investment Programs, Roll Programs; Investment Fraud</a>

Website copyright (c) 2005-2010 GLR Sales LLC.

Privacy & DMCA Policy -- Those who twitter us!
Investment Fraud investment-talk 'Prime Bank Trading Programs, High Yield Investment Programs, Roll Programs'