Should I invest in an offshore “high-yield” bank debenture program that promises high returns in a short period of time?
These programs often claim investors’ funds will be used to purchase and trade “prime bank” financial instruments on clandestine overseas markets to generate huge returns in which the investor will share. However, neither these instruments, nor the markets on which they allegedly trade, exist. To give the scheme an air of legitimacy, the promoters distribute documents that appear complex, sophisticated, and official. The sellers often tell potential investors how they have special access to programs that otherwise would be reserved for top financiers on Wall Street, London, Geneva, or some other world financial center. Promoters tell investors that returns of 100 percent or more are possible with little to no risk. The promoters of these schemes target individuals and entities, including municipalities, charitable associations, and other nonprofit organizations. These promoters have also demonstrated remarkable audacity, advertising in national newspapers, such as USA Today and the Wal
