+ Reply to Thread
Results 1 to 7 of 7

  1. #1
    Join Date
    Jul 2006
    Posts
    1

    United Business Invest Inc

    Hello everyone

    Has anyone heard of "United Business Invest, Inc."? It is supposedly a Russian company with a business ID located in Irvine, CA., from the email I received:

    "UNITED BUSINESS INVEST, INC.
    Address: 33 E YALE LOOP
    IRVINE, CA 92604
    Tax ID (FEIN): 330919210
    Duns Number: 09-745-2606
    Reference Name: CALIFORNIA UCC FILINGS
    Date Provided: 06-29-2005"

    Naturally, they got my info from CareerBuilder.com ... Suspicious at best, can't find ANY info on this company anywhere.

    Another thing that sent up red flags was this line ..."Then our clients will choose a way of payment of our services:
    1. payment by cash. They will come to you for payment. Now our company has no office in the USA therefore it complicates work.
    But our company plans opening official office in 2007. Therefore in the future clients will arrive to this office.

    2. BANKER\'S CHECKS. If clients which cannot personally arrive to you that they will write out checks for your name and then will send
    These checks to you by regular mail.

    Therefore further if our clients will write out checks for you and when you receive it,
    you should cash money from the check, leave 10 percent for yourself and send the rest to the financial department of our company.
    As you can see it is not difficult and rather profitable!"

    Then it goes on to say that if after having worked for the company for a year I would have the opportunity to go to Moscow for training to be an "Advertising Manager" instead of just an "agent".

    Needless to say I am NOT filling out any paperwork for this company at present, just wondering if anyone has heard of this company before?

    Sounds like a scam to me!

    ~ Bubbe J ~

  2. #2
    Join Date
    Jul 2006
    Posts
    5

    Re: United Business Invest Inc

    Of course it's a scam. Just read a few posts with all the detials the same just like the ones you've described.

  3. #3
    Join Date
    Apr 2006
    Posts
    6

    Re: United Business Invest Inc

    I received one of these emails today based on my resume being on Career Builder. Sounds like money laundering... very illegal. Please stay away from it.

    mrb

  4. #4
    Join Date
    Oct 2006
    Posts
    1

    Re: United Business Invest Inc

    Why does Career. Com allow these people to use their service? I guess it's all about the money, so as consumers we have to weed out all the crap. United Invest is crap.

  5. #5
    Join Date
    Jun 2006
    Posts
    3,120

    Re: United Business Invest Inc

    Quote Originally Posted by srtradeco
    Why does Career. Com allow these people to use their service? I guess it's all about the money, so as consumers we have to weed out all the crap. United Invest is crap.
    I doubt Career. Com does it intensionally. Scammer use phishing software to scan job sites for emails and phone numbers.

  6. #6
    Join Date
    Oct 2006
    Posts
    1

    Re: United Business Invest Inc

    I also got a job offer from these people, I checked out their Russian and American web sites but they do not say much. As bad as I need some work, I think that I will leave this one alone. I did some more searching and found this at another fraud site.
    1. Introduction

    When you receive an unsolicited email from a company looking for representatives to establish a business presence in other countries and more importantly, for transferring payments from customers, promising you 5-10% of those payments then you're dealing with a scam. No legitimate business will pay that much money for transferring legitimate payments because in all cases there are far cheaper and safer alternatives.

    Offers that promise around 10% tend to be from Nigerian gangs, even though in many cases the companies claim to be Chinese (other countries where the companies are supposed to be based are Japan, Taiwan, Thailand, the UK, France, Australia and New Zealand). A similar scam run by Eastern European gangs usually involves ficticious European companies and promises around 5% of turnover.

    The "representative scam" is a check fraud scam. It can work on a massive scale, causing damages from thousands to hundreds of thousands of dollars. Losses of several tens of thousands of dollars are very common. Most of the victims are from the USA and Canada because these are the countries where use of checks as a means of payment is most widely spread (Europeans and Japanese tend to make more use of wire transfers). The scam takes advantage of a misconception that many if not most people have that a check has been verified as genuine if it "clears" and money shows up in their bank account. In fact a check can bounce even after that. Not the bank but the person depositing the check is fully liable for any resulting losses.

    In some cases, names of legitimate companies are abused when recruiting "reprsentatives". The criminals may even list the legitimate websites. They may register web addresses that are similar to the real companies' addresses. In other cases no real company by that name exists.

    Any postal address listed in a representative scam is either fake or is the address of an legitimate company unconnected to the scammers. Most phone numbers used in the scams are either mobile phone numbers or "special service" numbers that redirect incoming calls to other phone numbers, such as the +44 70 numbers in the UK. All personal names used in the scams are either made up or are names of innocent people.


    2. How the scam operates

    The scammers are not Chinese (or even Asian) but Nigerian. They mail their "representatives" fake checks from "customers" to deposit in their personal or business accounts. The victims believe they are forwarding payments from customers in a sale by their employer but really they are sending their own money and neither a buyer or seller exists.

    Often the checks are written on blank check forms stolen from legitimate businesses. Provided the business whose check is abused has sufficient funds in its account, the check will initially clear. The bank will make funds available in the account of the person who deposited the check. However, these funds are provisional. They are in effect lent by the bank against the promise that the deposited check is valid. You as the customer make that promise when you endorse a check during deposit. You and not the bank bear the full liability if the check is fraudulent! That is why you should never transfer funds on behalf of third parties, especially if you only know them via the internet.

    When the check clears, the "representative" wires 90% of the amount to a bank account in another country, such as Japan, Taiwan, China, the Netherlands or the UK. Meanwhile the check gets forwarded to the holder of the account from which it is drawn, who will also see the money being debited from the account for the check they never wrote. This can take a month, but when it happens the check will bounce. Checks can bounce up to six months after they were written.

    By that time the money is already out of the country and the representative is left to pick up the losses. The bank will debit the full amount of the check. For example, if a victim has cashed a $50,000 check and wired $45,000 to Japan, he or she will be left owing $45,000 to the bank even if they didn't touch one cent of the $5000 commission promised by the criminals.

    3. The infrastructure of "representative" scams

    "Representative" spams get sent from numerous sources at dozends of internet providers (ISP), mostly in Nigeria or satellite uplink providers. If an ISP is a major 419 spam source it probably is also a representative spam source. Replies to the spams are collected in reply maildrops and processed. The victims are asked for personal data and often are sent a contract to sign. After a week or two they may be notified of a "customer" who wants a payment. Often the criminals contact them posing as the customer: The emails come from the same sources as the signup emails, though the email addresses are different. Then the victims receive checks, which usually are mailed from Canada, the UK or Nigeria. The UK fake checks usually originate in Nigeria. The Canadian checks come from Nigerian gangs based in Ontario.

    Once funds are made available by the bank, the criminals email the victims details of a bank account to wire 90% of the money to, their own money in effect. In some cases this may be a domestic account of another victim in the same country, or it may be a foreign account handled by a gang member in that country.

    The receiving accounts are normally in the name of an individual or a different company name. The accounts may have been opened with fake ID or purchased from third parties who created them. The cash can be withdrawn using an ATM card, leaving little evidence where it went. The reason Far Eastern company identities are often used is that many countries in that region have weak banking oversight / strong banking privacy laws that make it easy to obscure the real account user. For example, Japan has a black market for established bank accounts and banks there do not normally send regular statements to a registered home address of the account holder. The Japanese police is reluctant to get involved when an account is used for international fraud that doesn't involves Japanese victims.
    Last edited by emoesmoe; 10-24-2006 at 04:03 AM. Reason: More info

  7. #7
    Join Date
    Apr 2015
    Posts
    1

    Re: United Business Invest Inc

    We believe most HYIP's are scams. With high yield you must expect high risk. Many HYIP's will pay you once or twice to gain your confidence to invest more. One day you attempt to login and the HYIP site is gone (along with your money).
    saboor

Similar Threads

  1. Max Invest
    By lernet in forum Mail Order Scams
    Replies: 2
    Last Post: 11-24-2010, 06:02 AM
  2. Invest In Enterprise.
    By Yeah Well Fine Then in forum Political Scams
    Replies: 5
    Last Post: 05-31-2010, 07:39 AM
  3. Replies: 19
    Last Post: 01-09-2006, 05:39 PM
  4. Should I Invest with StreamInvest
    By PayTooLess in forum Mail Order Scams
    Replies: 0
    Last Post: 12-05-2005, 05:28 AM

Tags for this Thread

Bookmarks

Bookmarks

Posting Permissions

  • You may post new threads
  • You may post replies
  • You may not post attachments
  • You may edit your posts
  •