TERMIUM Plus^®

Fiche 1,  Justifications,  Anglais

Record number: 1, Textual support number: 1 DEF

Selling phoney bank letters of credit at discount prices by telling victim-investors that they will be offered a $10-million guaranteed bank note for $8 million. Since many are small-time investors, they are told their stake, even a few hundred dollars, will be pooled with that of others. They are told the paper can be cashed at full value at the bank, usually offshore, at a specified later date, or traded like a stock or bond to other investors. Then they are made to sign a confidentiality agreement.  1, fiche 1, Anglais, - prime%20bank%20instrument%20fraud

Record number: 1, Textual support number: 1 CONT

The PBI scams are believed to be masterminded by offshore criminals using questionable or non-existent foreign banks.  1, fiche 1, Anglais, - prime%20bank%20instrument%20fraud

Fiche 1,  Justifications,  Français

Record number: 1, Textual support number: 1 OBS

Voir effet de premier ordre.  1, fiche 1, Français, - fraude%20de%20titres%20de%20premier%20ordre

Fiche 1,  Justifications,  Espagnol