Berlin based DR. Schulte and Partner Rechtsanwälte mbB concentrate on assisting our clients preventing fraud and scams. Especially in investment related business relationships and contracts potential customers are supposed to take special care. In Germany as well as in the United States and every other capitalist Nation, the methods are similar.
As an example, here is what the U.S. Securities and Exchange Commission has issued as a guide to Investments. (http://investor.gov/investing-basics/avoiding-fraud/types-fraud/prime-bank-investments):
“Prime Bank” Investments
If someone approaches you about investing in a so-called “Prime Bank” program, “Prime World Bank” financial instrument, or similar high-yield security, you should know that these investments do not exist. They are all scams.
Prime Bank programs often claim investors’ funds will be used to buy and trade “Prime Bank” instruments. Promoters make the schemes seem legitimate, using complex, sophisticated and official-sounding terms. The investment may be described as debentures, standby letters of credit, bank guarantees, an offshore trading program, a high-yield investment program, or some variation.
To reassure investors, promoters may claim that the instrument is issued, traded, or guaranteed by a well-known organization such as the World Bank, the International Monetary Fund(IMF), a central bank, such as the U.S. Federal Reserve, or the International Chamber of Commerce (ICC).
Secrecy is another tip-off. Prime Bank scheme promoters frequently claim that investment opportunities of this type are by invitation only and limited to select, wealthy customers. They cite secrecy if potential investors ask for references, and sometimes ask investors to sign non-disclosure agreements.
Some promoters are audacious enough to advertise in national newspapers. They may avoid using the term “Prime Bank note,” and tell prospective investors that their programs do not involve Prime Bank instruments. Regardless of what they’re called, the basic pitch remains the same, and investors should remain vigilant against offers to invest in high-yield, risk-free international finance programs.
Für unsere deutschen Mandanten gibt es hier eine kurze Zusammenfassung:
Dr. Schulte und sein Team Rechtsanwälte mbB beschäftigen sich auch mit problematischen Investmentgeschäften. Wir sind dabei sowohl innerhalb als auch außerhalb Deutschlands tätig. Als ein Beispiel für einen amerikanischen Warnhinweis zitieren wir hier aus dem offziellen „Leitfaden für Investments“ der US Börsenaufsicht.