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MEMORANDUM PRIVATE PLACEMENT LOAN AGREEMENT SCAM [1 record]
Record 1 - internal organization data 1998-02-12
Record 1, English
Record 1, Subject field(s)
- Offences and crimes
Record 1, Main entry term, English
- prime bank instrument fraud
1, record 1, English, prime%20bank%20instrument%20fraud
correct
Record 1, Abbreviations, English
Record 1, Synonyms, English
- PBI fraud 1, record 1, English, PBI%20fraud
correct
- PBI scam 1, record 1, English, PBI%20scam
correct
Record 1, Textual support, English
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, record 1, English, - 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, record 1, English, - prime%20bank%20instrument%20fraud
Record 1, Key term(s)
- rollover deposit scam
- memorandum of private placement loan agreement scam
Record 1, French
Record 1, Domaine(s)
- Infractions et crimes
Record 1, Main entry term, French
- fraude de titres de premier ordre
1, record 1, French, fraude%20de%20titres%20de%20premier%20ordre
proposal, feminine noun
Record 1, Abbreviations, French
Record 1, Synonyms, French
- fraude des titres de premier ordre 1, record 1, French, fraude%20des%20titres%20de%20premier%20ordre
proposal, feminine noun
- fraude d'effets de premier ordre 1, record 1, French, fraude%20d%27effets%20de%20premier%20ordre
proposal, feminine noun
Record 1, Textual support, French
Record number: 1, Textual support number: 1 OBS
Voir effet de premier ordre. 1, record 1, French, - fraude%20de%20titres%20de%20premier%20ordre
Record 1, Spanish
Record 1, Textual support, Spanish
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