Tag Archives:fraud Archives - International Consultants & Investigations (ICI)

During this time of uncertainty due to the Corona-19 virus, we all need to protect ourselves and our loved ones and friends from unscrupulous people.  These bad actors will take advantage of any situation in order to defraud those vulnerable or unaware.

International Consultants and Investigations, Inc. (ICI) recommends the following guidelines in order to avoid falling prey to scammers:

1. Don’t give out a healthcare insurance number or Medicare number to anyone other than a trusted health care provider.
2. Do not provide a social security number, bank account or checking account number over the phone to anyone, even if they claim to be from the Social Security Administration or your financial institutions. A follow-up call to the Agency or your bank can confirm if there is an issue to be addressed.
3. The Census taker will not require any personal information such as an employee ID, Social Security number, etc.
4. The IRS will not call to inform you that you are under threat of arrest unless you remit immediately by providing banking information to the caller. The IRS does not make these calls.
5. The World Health Organization, the Centers for Disease Control and Prevention or other health agencies will not call to ask for donations. Stick to charities you know and trust.
6. Beware of any stranger or recent acquaintance that offers to take your money and go to the supermarket or drug store for you; your money and your new friend will not be back.
7. If you don’t recognize a number on your caller ID don’t answer. If it’s a “real” call a voice mail will be left.  If you don’t have caller ID and you answer the phone to “dead space” hang up; chances are it’s a “robo” call.
8. Work from home offers are often scams requiring the victim to “buy” materials necessary to earn money for representing the “firm”. Check any such offering of work-at-home home with your local Better Business Bureau or the police.
9. No one from Nigeria or a Baltic country has millions of dollars they need you to help move to the United States. In all cases remember, if it sounds too good to be true it is probably fraud.

Scammers are friendly people.  In this time of social isolation a friendly voice on the phone is a scammer’s primary tool used to cheat you. Being aware is your best defense.

International criminals entice their victims by offering convincing documents, generally fraudulent, promising substantial sums of money for participating in their scheme. At some point the victim will be asked or directed to provide up front fees to proceed with the transaction.

Financial Instruments generally offered in fraudulent transactions are:
Cryptocurrency Ransom-ware, ICO Theft, Zero Coupon Bonds, Prime Bank Notes, Bank Guarantees, Money Loans or Transfers, Bearer Stock, Precious Metals, Mining Stock, Crude Oil and Major Construction Projects.

The players are unsuspecting businessmen, brokers, bank officers, government agents, notar’s, attorneys, accountants and financial consultants. The perpetrators will associate their activities with trust companies, officers of banks, non-registered banks domiciled in offshore tax havens, and governments agents.

International criminal financial transactions are offered via the Internet, fax and telex. The current choice of delivery is the Internet.(see News Alert). If you or one of your clients are approached or have been caught up in one of these transactions, we suggest that you contact your local FBI office or Interpol. However if you are currently facing criminal prosecution or you are not sure what you are involved in, contact our ICI office as soon as possible.

Why these international criminals are so successful: Legitimate financial transactions are conducted every moment of every day in the world, international trading uses Crypto Currency (Bitcoin), prime bank notes, bonds, stock, bearer stock, letters of credit, government guarantees, insurance policies, euro bonds/currency, trust instruments, interests and currency swaps, commodities and oil. There are over 400 major banks in every tax haven in the world. Many major corporations maintain a presence in these markets for tax deferments, ease of commerce and trading.

Knowledge is paramount: ICI will assist with investigative due-diligence prior to making an investment or financing a project. The international market offers many opportunities for investment. ICI has the ability to investigate and bring to light the total picture. We will develop intelligence on the local business climate, government cover-ups, questionable partners, potential labor problems and development authorities that have been known to be less informative than they should be. ICI operatives are trained to obtain the answers to your questions and provide the information required for the right decisions to be made, prior to a costly venture. Planning for the unknown is always sound advice.

ICI operatives have recovered substantial financial returns for the investors of funds managed by large Capital companies in Europe the United States and other countries, including one of the largest NASD arbitration awards.