To visualize the comparative difference between the advance fee version and the escrow based variety of Secure Platform Funding, please see the article.
2. Yet Another Loan Funding
Scam
By: Bill E.
As I have previously mentioned in
various articles, our office has seen a
shift within the marketplace of white
collar fraud schemes from investment
fraud toward loan funding schemes.
For those of you who investigate
financial crimes, and/or provide due
diligence related services, these
3.
4. Unfortunately, the victims of these
fraudulent loan funding schemes do not
typically consult with anyone until it is too
late.
For those of you who may be unfamiliar
with loan funding schemes, they are a
fraudulent undertaking whereby a
promoter falsely promises to provide, or
arrange for third parties to provide,
private loan funding for the victim.
In my experience, these schemes could
be categorized as two basic variants -
5. This particular case study relates to
the advance fee variant as promoted
by Bruce Green, who claims to be the
Principal behind Secure Platform
Funding
(www.secureplatformfunding.com/).
To visualize the comparative
difference between the advance fee
version of this fraud scheme and the
escrow based variety, please see the
6. The advance fee variant of the loan funding
scheme is typically pretty simple, and the
much more straightforward of the two; victim
losses tend to be much less.
In these cases, the promoter charges an
advance fee for their services in arranging
third party loan funding, claiming to have the
contacts necessary to effectuate this
borrower/lender connection.
In this case, Bruce Green claimed to
represent the Bank of Bahrain, and further
claimed to be involved with other iconic
7.
8. In an effort to establish himself in
the mind of this victim as a major
player in the world of international
finance, Bruce Green produced
various documents related to
bond transfers, letters of credit,
Swift MT760, etc, that he claimed
to be somehow involved in. In
reading through some of these
documents, appended for your
review in the Relevant Documents
section that follows below, it is
9. For example, this transmittal
document $700M Global Bond
Transfer dated October 21, 2010,
references a seven hundred million
dollar ($700,000,000) Global Bond
from the Central Bank of Venezuela to
the Bank of Bahrain & Kuwait, for the
benefit of Innoventure Partners, Inc.
Coupled with this document,
Innoventure DBA TecPro Bank, that
purports to connect Innoventure to
TecPro Bank, they provide an image
of credibility. Other “Dazzle and Dupe”
10. On September 3, 2010, Bruce
Green persuaded the victim to
initiate a $50,000 Escrow Deposit
with an International Attorney who
is a Graduate of Yale University,
has been practicing law since
1966, is currently registered with
the Supreme Court Bar, has
served as a Lawyer in London
England and New York USA and
has served the United Nations in
Geneva, Switzerland. If you are
11.
12. Bruce Green is associated with
various addresses in Nevis:v
Secure Platform Funding
Springates Building,
Government Road
Charlestown, Nevis
+44 20 3808 9841
CEOofAgreements@secureplatf
ormfunding.com
Office@SecurePlatformFunding
.com
13. Again, if you are investigation this
individual, I have his complete background
check, and other information.
Two of the exhibited documents below
should be of particular interest to those of
you who may not have had a lot of
experience with con artist communications.
I have, but the way these people shine their
victims on with lie after lie, and then
become righteously indignant when
questioned, never ceases to amaze me.
Please see the compilation of text
14. In wading through the various
communications and exhibits, you
will note that Bruce Green claims
to have a connection with the
Bank of Bahrain, and alludes to
his involvement with various other
icons of the financial world such
as Credit Suisse, Deutsche Bank,
Banco do Brasil, Bank of
America/NYC, TD Bank/Philly,
Bank of Ireland, East West
15.
16. Once upon a time, the world’s financial
institutions did not comply with FinCEN’s
FATF initiatives, but those days are long
gone, and every financial institution in
the world has a compliance department.
In a world where financial institutions
strictly adhere to “Know Your Customer”
compliance regulations, one would
expect to have no trouble verifying that
these financial institutions had business
relationships with a mover and shaker
behind transactions involving hundreds
of millions of dollars.
17.
18. I also asked Bruce Green to identify any
professional licensure that he may have;
FINRA has no record of him.
Bruce Green’s recalcitrance strikes me
as odd, especially since, on December 2,
2011, Bruce Green suggested that my
Client travel to New York and offered to
introduce him to the “Chase Banker” who
could verify the legitimacy of his
representations, and assured him that he
would receive his money back, with
interest. Later, on December 16, 2011, in
an apparent fit of righteous indignation,
Bruce Green once again claimed to be
able to prove his linkage to financial
