Usacomplaints.com » Business & Finance » Complaint / Review: Shanghai Investor Group, Inc - Shanghai Investour Group Advance Fee Scam. #960585

Complaint / Review
Shanghai Investor Group, Inc
Shanghai Investour Group Advance Fee Scam

Shanghai Investor Group (SIG) offers a "non traditional financial engineering formula" for project funding at very favorable terms. After getting project approval, which is not difficult since they "finance projects of all kinds, no matter the age or size of company..." you must have to pay for two Letters of Guarantee and the closing costs. The Letters of Guarantee are used as collateral since they don't take any other kind of collateral. Letters of Guarantee range from a 0,242% up to a 9,02% based on the amount requested plus a 5% insurance.

Also, the America & Spain Official Representative offers his assistance to get the amount needed to pay for the Letters of Guarantee by using third party lenders who ask for a fee in advance to start up the process.

You are not allow to ask for references because of the non-disclosure agreements signed among the parties. Not even to KPMG or Bank of America which they claim to be their international advisers/business associates. They claim to be involved with several companies or associations that can't be reached or have no websites or any contact information.

The best of all is that you have only two days to comply with all their requirements, including sending the money to pay for the letters of guarantee otherwise they will start charging ridiculous charges.

Of course, if you use one of the lenders that the America and Spain Official Representative introduces it will adduce any kind of problem not to comply and your money will be gone. The America & Spain Official Representative is based in Guatemala and charges will be pressed against him.


Offender: Shanghai Investor Group, Inc

Country: USA   State: Delaware   City: Claymont
Address: 619 New York Avenue
Phone: 862161221349
Site:

Category: Business & Finance

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