I was pitched an opportunity to buy pre-IPO Facebook Stock that was sold by the company or employees to this fund.
100K Min
$5M available
$35 a share gross of fees
6 mon lockup period.
Anyone interested in a stock rather than real estate joing venure. I was thisink of putting a group of "friends and family" together
From what I have read, Chris, the bank can still come back on your friend when the check turns up bogus (and it will). Even though they have released the funds. Tell him to talk to the bank manager before he assumes the money is actually free and clear in his account.
Jim
I was actually thining of having my friend contact the postal inspector. They are quite agressive about mail fraud. However, I suspect the reason the letter was originally posted in Canada, and they insisted Western Union be used to send the payment, is because they wanted to avoud using the U.S. mail for this very reason.
Chris
If they were a legit check, money lauding, & patriot act/ terrorism funding laws come to mind as violations.
I feel for your friend Chris, unfortunately he was a victim of fraud. Many time over the times I have receive emails and letters claiming I have an amount of money left to me by a decided family member or that public records show that I have properties or unclaimed goods awaiting me and all I have to do is pay for the delivery. I respond respectfully suggesting if this fact is true I would like to donate it to charity and ask that they pick one.
A few years ago I was receiving at least 50 emails a day from a scam source much like this one you speak of. A friend from IT heard about software that would prevent these types of email from ever reaching my in box or spam. I started blocking the IP addresses and eventually I cane up with the right country and IP sequences and the rest was history.
_________________[ Edited by JohnLocke on Date 07/14/2011 ]
Chris,
I am glad that your friend did not get drawn into this scam. Good Looking out.
I do want to point out one item that constantly is left out in these scam/Fraud/Nigerian cases. Why do the victimes feel they have a right to whatever amount is being promised?
One needs to remember that these scams are only based on greed. I have never understood how we forget that a lot of these scams are so obviously wrong but the "victims" go in anyway.
JS.