Proven 2% return on investment -monthly.

It is bad form to start a new thread when you get an unfavourable response to its previous incarnation.

Also, I doubt that this thread is on charter, as most newsgroups forbid advertising.

You are probably right on both counts and certainly right on at least one however let's accept that he has found something that no one else here has heard of eve if it sounds like oink, oink, flap, flap.

Csaba, you are already in contact with all those who read here so why not just explain it to us rather than ask us to contact you. Clarify it here and we will consider just how real we believe it to be.

You tell us how we can make a safe investment where we won't lose our money on a risk free basis and at the same time we get 2% per month interest. Convince us and some of us may decide to invest, although you are going to have to be very convincing if we are expected to commit.

And if that's too hard for you. Just telling us the type of asset we would be investing would be a start.

For example. I am sure, even at current prices, that there are some rental property (commercial or domestic) purchases that return in excess of 15% pa. Some people enter into this type of purchase thinking that it's risk free. But it's not, it's dependent upon 100% occupancy and no long term decline in property values, both of which are far from certain.

tim

Ok. Let me explain what it is. People asked me to get some cash onto their bank account. That cash will be on a deposit account, so won't be touched. They want to use it up as a proof of fund (ETHICAL PART OF THIS, IS NOT MY RESPONSIBILITY). They pay for this service. All of them agreed the 2% per month after each EUR/USD/GBP invested (placed on their account). At the beginning they sign an agreement with the investor and they obligate themselves as well to repay the invested money after the agreed period ( investments' periods are vary: from 2 month to 12 month ). Bank will be instructed to transfer the money back to the investor's account after expiration of investment period. It looks like a private loan - as you like it. It's simple, safe and the 2% guaranteed. To get the 2% of the invested amount is easy: borrower will put this money down on an escrow account and the lender can take it, only. Deal can start, only when the agreement signed and the 2% per month is on the escrow account as agreed. People pay 2% per month for 100% rather than go to the bank for loan. This is a kind of deposit deal. Investors would be grateful for this high and safe return. It's working. Not a pyramid or slot machine.

Any question, Sirs?

Yes, I have some questions.

1)

Why would someone be prepared to pay 2% per month (which is more than the interest rate on a typical bank loan) to borrow money which they are then going to put into a deposit account to sit there and do nothing?

It doesn't seem to me to be a service worth paying for. Can you explain a bit more about this "proof of fund" concept? You seem to suggest that the reason a borrower would wish to borrow this money is to demonstrate to some other person or organisation that he has it. Leaving aside the obvious fact that this is not only unethical but in fact criminal (the borrower would be *fraudulently* representing to the other party that he has money, giving the impression that it is *his* money, when actually it is only borrowed), I don't understand for what purposes anyone would want to do this. Where is your market?

2)

You haven't convinced me of the safety aspect. OK, I can understand that the *interest* could be safe if it is paid up front by the borrower into an escrow account, but what about the *principal*? The actual loan money itself would need to sit in a deposit account in the borrower's name (so that he could "prove" to this other party that it is "his"). So then what is there to prevent the borrower from simply withdrawing the money and running away with it? It is not very safe for me if I am guaranteed a 24% return on my 12 month investment if I have to risk losing the investment itself to a thief.

3)

Presumably your own involvement would be as facilitator. If I wanted to invest, I would give you my money, which you would then lend to these fraudulent customers. In other words, I would not need to become involved in the month to month dealing with the customers. You just pay me my 2% and you will probably charge your customers a little bit more. But how do I know *you* are not going to run away with my money?

Thank you for your questions.

1.) I totally agree with you. This was my question to the borrower(s). I was scared when I ' ve heard this. But they explained clearly what banks wanted from them. Project finance is not regulated, correctly. Bank accept a CD from client (applicant). This CD is the subject of Proof Of Fund. Unethical to show something what's not theirs. It's up to them. Not my business. Why don't they go to the bank directly? Because they cannot apply for loan to cover an other one. This is not refinancing. My market is legal. I work on correct channels, only. I have too many things to loose. Family (incl. child), House, reputation, etc. 2) The *principal* money you mentioned is in safe. Everything depends on the bank where the deposit will be placed. If they get the instruction to transfer the money back to the lender's account on the agreed date, they will do that. I can protect the borrower on this way. Let me emphasize: I have too many thing to loose. I am not my own or other's enemy. I wouldn't be. 3) I am the facilitator. I work at my own Ltd company. You can check it any time. Dun and Bradstreet and government agencies monitor my company. All my things public. My offerings are half-public. You can control everything you want if you are an investor. I can send you a credit list and you can ask all the companies I am working with. Phone numbers, contacts, etc. What ever you want, Sir.

Ok. Let me explain what it is. People asked me to get some cash onto their bank account. That cash will be on a deposit account, so won't be touched. They want to use it up as a proof of fund (ETHICAL PART OF THIS, IS NOT MY RESPONSIBILITY). They pay for this service. All of them agreed the 2% per month after each EUR/USD/GBP invested (placed on their account). At the beginning they sign an agreement with the investor and they obligate themselves as well to repay the invested money after the agreed period.

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So you think that lending money to someone who has so bad a credit record that they have to resort to paying 2% per month to borrow, has a zero risk of complete non repayment do you?

I assure you, you are wrong. Such a lending strategy falls well into the high risk category. At least one in ten of your punters is going to run off without repaying, whatever the contract says.

tim

I have never mentioned bad credit report. Think what you want. I know what I do. This is not my main project. I posted this and thanks to God I have several clients to serve.