I posted an investment opportunity on Angel Investors and received an email from a [email protected] She scheduled me for a teleconference with a Mr. Ger Keijzer the following day.
Ger then proceeded to tell me they would be happy to represent us in Europe w/o any fees other than a small commission that was paid only if they raised the necessary funds.
We agreed and then he told us we had to have a private placement memorandum written specifically for the European Union with a cost of $3,700.
He recommended a company called the Labelle Group in London and said they were a separate company.
I asked our attorney about the memorandum and he said that if we were raising money for a US business there is no such requirement for a memorandum specifically for the EU.
That was the first red flag. We went ahead contrary to our attorneys comments and paid the fee. My first mistake. After several months of nothing happening I became suspicious.
I sent an email to our IT people and asked them to research the IP addresses for both G8plus and Labelle.
It turns out they are both operating off of the same server and are in fact the same company. When I confronted Ger on this he made a big deal and said he was terminating our relationship.
Most important is the fact that an EU memorandum for a US business investment is not an EU requirement.
That is how the actual scam is operated. This guy says you have to do this when in fact it isn’t true.
That is how they make their money…first they agree to raise funds w/o any upfront fees then they say but you have to pay for a memorandum.
I saw the same thing out of Thailand. There they said you had to have a business license.