Why and How to "Bank Letter Frauds in Petroleum Trade"?

BG and SBLC Fraud Schemes in Petroleum Trading 

Unfortunately, while the trade volume is increasing in the globalizing world, the number of fraudsters and hope merchants is also increasing. Although they have nothing to do with finance and banking in general, there are many victims who trust and transact with this segment. 

In all the years we have spent in the energy and financial sectors, we have seen that many victims who do not even believe in their own bankers have given these people large sums of money. In the meantime, we would like to emphasize this point in particular. In the financing of foreign trade, there are legal or real persons that make transactions by using such bank instruments or cash values. The important thing is that you are doing business with the right address. In this article, we will give you some basic information so that you can avoid the simplest and most common of these types of scam schemes. But remember, scammers are now very technical and very creative, so seek professional support and advice if you need it. There are many institutions, including our company, who provide this type of consultancy. 

The most common scheme. 33%, 33%, 33% : There is no system anywhere in the world where 33% of the guarantee issued is paid to the issuing bank, and the remaining amount is divided between you and the investor, and the debt is paid together at maturity. You, be you, fire the person you heard this from.

Guaranteed with MT 799 : There is no such thing, so stay away. 

Avoid direct and SWIFT messages taken on Fridays. 

The error message is either hacker work. 

Stay away from warranty or SBLCs with ISIN, CUSIP and lots of cool codes. : Vehicles of this type issued for a business transaction do not need most of these codes. The warranties removed and ready on the Euroclear display are also a figment of the imagination. The ISIN is 12 digits and does not contain _ & %# or spaces. Have the check digit of the CUSIP number checked. 

With guarantees issued by huge banks to personal names. : No such things. Bank Checks and drafts are a very sensitive issue, get advice. Genuine circulating guarantees are again not possible. 

We will send the guarantee to your account, you transfer it to the bank in Europe and we will give a 10% commission. : OK, now you're rich. Again, there is no such thing. If your bank reports the SWIFT message sent by 2 hackers, it is a fraud that will make a fake document official and put your bank under suspicion. 

This list goes on and on. If there is a transaction that you suspect, paying a fee of 500-5000 Dollars is safe from being defrauded hundreds of thousands, perhaps millions of Dollars.