We needed a SBLC (Stand by Letter of Credit) for an international trade contract we have in place, a local financial company (Life of a CEO) agreed to arrange us with a SBLC valued at $1.1M
Local financial company (Life of a CEO) notified us to deposit 15% of the value to an escrow account they use on a regular basis in Roanoke, VA. We contacted the Escrow company Virginia World Wide Group LLC and spoke with the attorney found authentic. Sent the funds via wire transfer. Later they produced a commitment letter from Bank of America where the SBLC is being issued. When we contacted B of A to inquire the status of our SBLC we were told the letter was fraudulent. Since then the attorney has gone silent broker will not return our calls.
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