"Prime Bank" Scams Resurfaces - Posted by J.P. Vaughan


#1

Posted by High Yield on December 31, 1998 at 11:41:40:

J.P.:

Many think this is a scam, and there are scam artists out there. I, however, have participated in these programs, and can tell you they are definitely for real.

Again, like anything else, you have to make sure that you are aligning yourself with credible people in the industry, which I have. This was no small chore. In fact, it took me three years to accomplish this.

Yes, returns of this magnitude are possible, but trading is usually limited to those with $10 Million and up. However, there are smaller programs which one can get into for as little as $10,000.

Thanks for the space to retort!

“High Yield”


#2

“Prime Bank” Scams Resurfaces - Posted by J.P. Vaughan

Posted by J.P. Vaughan on December 18, 1998 at 18:06:09:

“Prime Bank” Scams Resurfaces

As reported in USA TODAY on Wednesday, “A widespread investment
scam that lures victims with crafty financial jargon has returned…”

This is the “Prime Bank” scam. It involves telling potential investors they
can have access to a secret market in “prime bank” notes and debentures,
purportedly guaranteed by large European banks. The scam artists offer
returns as high as 1,000% a year.

While they might sound official, the so-called “prime banks” don’t exist.
This is a scam, folks.

JP Vaughan