Bank Guarantee Scams
Nowadays, scammers are inviting people to join their eye-catching schemes that give false hope of making them rich overnight through bank guarantees.
They will tell you invest with them so that they can get you bank guarantees at a much discounted price to flip them at a much higher profit. However, once you put in your money with these sorts of investment companies.
These companies have highly trained and very persuasive agents working all day long to show you big dreams of becoming a part of extremely rich investors group.
These agents target specific group of people who are actively looking for investment options and advice not to disclose these schemes to anyone else as the information has been reserved only for targeted people.
You can be framed by multiple ways such as if you disclose this information you will be sued for disclosing this information or the bank will file a case against you unless you are the main investor in this scheme.
They might provide you documentation that seems legal and has very complex information that can’t be comprehended by normal people and need legal people advisory to understand the terminology.
How to avoid Bank Guarantee Scams
In order to save yourself from these sorts of scams, here are some steps on how to avoid bank guarantee scams
Always look for professional advice when someone approaches you with these sorts of fishy schemes. With professional help you can easily identify a scam as they would be lacking company information such as registration numbers, employee directory, office addresses, and contact information of the admin panel.
Although, international banks do sell bank guarantees but these things are never out for bidding or selling in the market like that. So never trust such schemes and lose your money.
I lost money to bank guarantee scams due to lack of information back when I was young.
There is no such investment scheme with much high returns without any risk on investment amount. These sort of schemes always make you feel like dream come true and show you glittery future which will eventually turn your current situation miserable if you fall for this catch.
Always make sure what is the return of investment time, their official office addresses, board of directors, their online information, and their legal information online to see if they are really legit.
Something’s are always too good to be true so avoid investing without investigating and questioning the company policies.
Always take the legal papers provided by such companies to lawyers or accountants to verify the documentation and can you file a claim based of these documents. Also make sure you know the legal rules for investing with the offshore companies and make sure you are in good hands.
Never be pressurized to sign the documentation on the presentation. Always be careful before giving away your money to such companies as that would be the last day you hear from them. Make sure you are 100% confident on company’s information and legitimacy. Using such steps you would be able to protect yourself against these prime bank guarantee scams.
Recover loss to Bank Guarantee Scams
If you have fallen for such schemes and lost a ton of your hard earned money to such scammers, and want to recover loss to bank guarantee scam then start documenting all the details you have against them at first. Try to file a claim to your financial authorities such as banks and other companies to file chargebacks to get the money back.
Visit your financial companies and explain the scenario to seek help from them as they can help you get your money back and locate the people who scammed you on their withdrawal transactions.
If your financial authorities have laid their weapon down, accumulate all the strong reports and documentation you have on such companies and file a claim with investigation law authorities and make legal cases on such companies so an investigation can be set to find such scammers in order to return the money as well as save people from getting scammed in future.
Make sure you report this case to the fraud eradication authorities in your country as getting legal help in such cases is always beneficial because it increases your chances of getting the lost amount back.
