Search Fraud

Updated: Feb 15, 2020

This is a very sneaky scam where the Bank Guarantee or Standby Letter of Credit Provider says they can ONLY deliver the bank guarantee on instead of That statement alone is a huge red flag! ALL real banks and ALL real bank guarantees or stand by letters of credit are normally transmitted and delivered on the bank to bank system that is used and recognized by all rated banks worldwide or DTC or Euroclear. Any bank who says they cannot deliver on is saying i don't have access to the "real" bank guarantee and standby letter of credit delivery system, I can only use which is a completely different system by a very similar name. DOES NOT HAVE ANYWHERE NEAR the credibility, recognition, security or acceptance of

And the biggest secondary issue with is that messages often do not arrive directly at the destination because they have to be "downloaded" to be read. If you don't know a message is coming and you don't download it then you never know about the message and therefore its impossible for you to reply!

Many Providers use to send a worthless Bank Guarantees, Standby Letters of Credit or Blocked Funds to the client on the widely unrecognized service, then when no one at the clients receiving location acknowledges the message because they didn't know to download it, the bank guarantee provider claims they delivered the Bank Instrument as per YOUR Bank Instrument Supply Contract and YOU breached YOUR contract by NOT replying to the message so they are keeping your deposit. Its just another sad old scam to take your money repackaged in a new way.

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