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Old 08-04-2007, 03:12 PM
consumerpro consumerpro is offline
Junior Member
 
Join Date: Aug 2007
Posts: 28
Default Tips to Avoid Letter of Credit Fraud

  • If an "opportunity" appears too good to be true, it probably is.
  • Do not invest in anything unless you understand the deal. Con artists rely on complex transactions and faulty logic to "explain" fraudulent investment schemes.
  • Do not invest or attempt to "purchase" a "Letter of Credit." Such investments simply do not exist.
  • Be wary of any investment that offers the promise of extremely high yields.
  • Independently verify the terms of any investment that you intend to make, including the parties involved and the nature of the investment.
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