November 16, 2003

Upscale Scam

"We are a team of venture capitalists /project finance consultants who, a couple of years ago, were assembled by our various Governments to form a "Tenders Committee" established for the provision of financial consultation services..."

[snip]

"It was believed that since we would be located outside our countries we would be able to utilize and allocate for proper use loans and project sponsorships that were at the time being granted to us from international monetary bodies without bias or corruption. This was meant to curb widespread embezzlement of the fund by our governmental leaders. Unfortunately this wasn’t so, for as soon as we secure these funds for the projects identified, our leaders take the funds and use them for their own personal needs."

Not a misspelling in the missive. In fact, it sounds plausible, until you get to this sentence: "However, my colleagues and I in the "Tenders Committee" decided to over-inflate the contract sum to the tune of US$621.5m with intention of sharing the $21.5 Million Amongst ourselves to achieve our goals."

Hmm. Beware of venture capitalists sounding munificent; the nature of the business is self-interest, not philanthropy. For entire text, click "Read On."

Through the courtesy of business opportunity and after a discreet but thorough inquiry at the Foreign Office of the trade department, I write you this letter of request for partnership which I hope you will give your urgent attention. First and foremost I would like to state at this point that this is by no means a scheme of any sort and neither is it an attempt of any kind to play on the intelligence of your good self, upon contact, further proof of the authenticity of this transaction would be provided and you have my assurance that your decision to proceed will not contravene the ethics of your better
judgment.


We are a team of venture capitalists /project finance consultants who, a couple of years ago, were assembled by our various Governments to form a "Tenders Committee" established for the provision of financial consultation services to
third world nation to which we are citizens. The Tenders committee was established to be an autonomous body empowered by these countries to manage their foreign resources or to provide finances for areas of need in these nations like infrastructure such as bad roads, drug shortages in the hospitals, education and portable water etc. We were also responsible for awarding contracts and sourcing contractual executors to meet these needs, in turn the countries involved would receive invoices from us for these amounts and make payments after they have been approved.


It was believed that since we would be located outside our countries we would be able to utilize and allocate for proper use loans and project sponsorships that were at the time being granted to us from international monetary bodies without
bias or corruption. This was meant to curb widespread embezzlement of the fund by our governmental leaders. Unfortunately this wasn’t so, for as soon as we secure these funds for the projects identified, our leaders take the funds
and use them for their own personal needs. My colleagues and I have decided to participate in the next political dispensation and make a difference to this present injustice. This will require resources which we are not privy to at this
time. For this we are initiating this partnership that will enable us achieve this and be profitable as well to the participants in this transaction.


On the 9th of February 2002 we facilitated several contracts amounting to approximately US$600 Million to the consortium of several foreign companies like ABB Lummus, J.G.C. Corporation of Japan, Bouygues Offshore and a Joint Venture of Spiebatignoles and Fouguerolle, for an Engineering procurement. However, my colleagues and I in the "Tenders Committee" decided to over-inflate the contract sum to the tune of US$621.5m with intention of sharing the $21.5 Million Amongst ourselves to achieve our goals.


The Governments in question have approved the total of $621.5M and are prepared to mobilize these funds to the designated company’s accounts. Since these companies will be receiving their entire contractual obligations, we intend to allocate the remaining amount of 21.5M to a trustworthy individual's company account for disbursement to us at a later date. My colleagues and I have agreed that should you agree to these conditions we are willing to look into transferring the over invoiced $21.5M to your company and a negotiable percentage will be retained by you while the remainder will be sent back to us when this has been completed. Should you however decline this offer we apologize for wasting your time and would seize contact henceforth, however should you be interested please send me a mail only to this mail box: xxxxxxxxxx stating your interest so we may commence with the necessary processes/documentation that would effect the conclusion of this mutually beneficial offer. We hope this is an opportunity that would merit your immediate consideration.

Posted by Linkmeister at November 16, 2003 08:26 AM
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