Please be very cautious about what or who you choose to deal with…..Bank Locally, Avoid META BANK

“Con Schemes Are Only Limited By The Imagination of the Con Offering Them.”

And Those Con Artists are studying the Horizon Always Searching for yet Another Victim

Consumers Must Help Each Other to Protect

Ourselves from Unscrupulous Cons and Scams

 

Advance Fee Schemes

An advance fee scheme occurs when the victim pays money to someone in anticipation of receiving something of greater value—such as a loan, contract, investment, or gift—and then receives little or nothing in return. [The unfortunate thing is that the prepaid debit cards and gift cards are a legalized form of this scheme since Banks like META BANK/BANK META/META PAYMENT SYSTEMS are keeping customers’ from being able to access their own money….. This is how it becomes a real scam. The design of the prepaid card already is giving META BANK an interest free loan of your money. All that those people who have been scammed by META BANK can do is try to warn others ahead of time so they will not use META BANK and be scammed in the same way that we were scammed.]

Other Scams Also Exist in the world.

Please be very careful!!!

The variety of advance fee schemes is limited only by the imagination of the con artists who offer them.

They may involve

    • the sale of products or services,[ How META BANK manages your money once you have loaded it onto their prepaid cards, is where META BANK becomes a scam….META BANK keeps customers’ own money from them.]
    • the offering of investments,
    • lottery winnings,
    • “found money,” or
    • many other “opportunities.” [ Look at the way that META BANK must advertise and do publicity for their prepaid bank card …. it is only a gimmick, and they enlist another company to market their prepaid card for them in a sort of partner relationship…. The partner company in the long run will be the company that loses their customer base once META BANK steps in to manage the PREPAID CARD…. NETWORK BRANDED PREPAID CARD]
    • Clever con artists will offer to find financing arrangements for their clients who pay a “finder’s fee” in advance.

They require their clients to sign contracts in which they agree to pay the fee when they are introduced to the financing source. Victims often learn that they are ineligible for financing only after they have paid the “finder” according to the contract. Such agreements may be legal unless it can be shown that the “finder” never had the intention or the ability to provide financing for the victims.

Tips for Avoiding Advanced Fee Schemes:

If the offer of an “opportunity” appears too good to be true, it probably is. Follow common business practice. For example, legitimate business is rarely conducted in cash on a street corner.

  • Know who you are dealing with.

    If you have not heard of a person or company that you intend to do business with, learn more about them.

    Depending on the amount of money that you plan on spending, you may want to visit the business location, check with the Better Business Bureau, or consult with your bank, an attorney, or the police.

    [Some complaints have also been logged against the BBB since it is run by the same people who may be scamming you.]

  • Make sure you fully understand any business agreement that you enter into. If the terms are complex, have them reviewed by a competent attorney.


  • Be wary of businesses that operate out of post office boxes or mail drops and do not have a street address.


  • Also be suspicious when dealing with persons who do not have a direct telephone line and who are never in when you call, but always return your call later.

 [Meta Bank gave customers phone numbers that don’t work. META BANK spent far too much time trying to blame their customers or anyone else. This action sent up a bunch of “red flags” indicating that META BANK itself was nothing but a major scam operation. Laws need to be changed and improved to protect consumers from unscrupulous banks like META BANK]


  • Be wary of business deals that require you to sign nondisclosure or non-circumvention agreements that are designed to prevent you from independently verifying the bona fides of the people with whom you intend to do business. Con artists often use non-circumvention agreements to threaten their victims with civil suit if they report their losses to law enforcement.[Meta Bank representatives simply lie to their customers over the phone and try to push the blame off onto the consumer. Stupidity or Greed drives META BANK, probably both!!!]

For more information: 
– Work-at-Home Advance Fee Scheme 
– Cancer Research Advance Fee Scheme

Health Care Fraud or Health Insurance Fraud

Medical Equipment Fraud:

Equipment manufacturers offer “free” products to individuals. Insurers are then charged for products that were not needed and/or may not have been delivered.

“Rolling Lab” Schemes:

Unnecessary and sometimes fake tests are given to individuals at health clubs, retirement homes, or shopping malls and billed to insurance companies or Medicare.

Services Not Performed:

Customers or providers bill insurers for services never rendered by changing bills or submitting fake ones.

Medicare Fraud:

Medicare fraud can take the form of any of the health insurance frauds described above. Senior citizens are frequent targets of Medicare schemes, especially by medical equipment manufacturers who offer seniors free medical products in exchange for their Medicare numbers. Because a physician has to sign a form certifying that equipment or testing is needed before Medicare pays for it, con artists fake signatures or bribe corrupt doctors to sign the forms. Once a signature is in place, the manufacturers bill Medicare for merchandise or service that was not needed or was not ordered.

Tips for Avoiding Health Care Fraud or Health

Insurance Fraud:

  • Never sign blank insurance claim forms.
  • Never give blanket authorization to a medical provider to bill for services rendered.
  • Ask your medical providers what they will charge and what you will be expected to pay out-of-pocket.
  • Carefully review your insurer’s explanation of the benefits statement. Call your insurer and provider if you have questions.
  • Do not do business with door-to-door or telephone salespeople who tell you that services of medical equipment are free.
  • Give your insurance/Medicare identification only to those who have provided you with medical services.
  • Keep accurate records of all health care appointments.
  • Know if your physician ordered equipment for you.

For more information: 
– Heath Care Fraud webpage

Redemption / Strawman / Bond Fraud

Proponents of this scheme claim that the U.S. government or the Treasury Department control bank accounts—often referred to as “U.S. Treasury Direct Accounts”—for all U.S. citizens that can be accessed by submitting paperwork with state and federal authorities.

Individuals promoting this scam frequently cite various discredited legal theories and may refer to the scheme as “Redemption,” “Strawman,” or “Acceptance for Value.”

Trainers and websites will often charge large fees for “kits” that teach individuals how to perpetrate this scheme.

They will often imply that others have had great success in discharging debt [ This is the same promise that META BANK makes in an effort to get people to buy the prepaid card. META BANK has no interest in getting you out of debt. They want free use of your money and then even more…. That is greed!!!]  and purchasing merchandise such as cars and homes.

Failures to implement the scheme successfully are attributed to individuals not following instructions in a specific order or not filing paperwork at correct times.

[ This is what META BANK does with their prepaid bank cards. When a customer  finally can get a META BANK representative on the phone, the customer is often told that they didn’t use the META BANK PREPAID CARD properly so it is the fault of the customer. Since META BANK gets a third party, a company you may know to sell their card, they have been able to push the cards far more easily. META BANK gives cards to the employees who will be asked to push a similar looking card off onto their customer base. The numbers are different on the customer cards and the contact phone numbers are different too. The third party company employees are in disbelief that the customer has been scammed since they have had such good luck with the cards…. That is why they are comfortable in pushing the cards off onto their customer base. META BANK’s PREPAID CARDS are designed so the customer will have problems with it.]

This scheme predominately uses fraudulent financial documents that appear to be legitimate. [ META BANK’s publicity looks like educational material, but it is just part of the scam.] These documents are frequently referred to as “bills of exchange,” “promissory bonds,” “indemnity bonds,” “offset bonds,” “sight drafts,” or “comptrollers warrants.” [ META BANK simply created a new form of banking and wrote all the rules to serve their own needs, to make a lot of money fast before the laws get caught up with them. META BANK also uses a kind of jargon to sound as if they are in the know, but all that they have done is try to find a new way to scam the public with the same old concept which they repeat over and over again, but with new customers.] In addition, other official documents are used outside of their intended purpose, like IRS forms 1099, 1099-OID, and 8300. This scheme frequently intermingles legal and pseudo legal terminology [Read over META BANK’s website if you want to see pseudo jargon] in order to appear lawful. Notaries may be used in an attempt to make the fraud appear legitimate. Often, victims of the scheme are instructed to address their paperwork to the U.S. Secretary of the Treasury.

Tips for Avoiding Redemption/Strawman/Bond

Fraud:

  • Be wary of individuals or groups selling kits that they claim will inform you on to access secret bank accounts.
  • Be wary of individuals or groups proclaiming that paying federal and/or state income tax is not necessary.
  • Do not believe that the U.S. Treasury controls bank accounts for all citizens.
  • Be skeptical of individuals advocating that speeding tickets, summons, bills, tax notifications, or similar documents can be resolved by writing “acceptance for value” on them.
  • If you know of anyone advocating the use of property liens to coerce acceptance of this scheme, contact your local FBI office.

For more information: 


– Sovereign Citizen Movement

 

Investment-Related Scams

Letter of Credit Fraud

Legitimate letters of credit are never sold or offered as investments. They are issued by banks to ensure payment for goods shipped in connection with international trade.

Payment on a letter of credit generally requires that the paying bank receive documentation certifying that the goods ordered have been shipped and are en route to their intended destination.

Letters of credit frauds are often attempted against banks by providing false documentation to show that goods were shipped when, in fact, no goods or inferior goods were shipped.

Other letter of credit frauds occur when con artists offer a “letter of credit” or “bank guarantee” as an investment wherein the investor is promised huge interest rates on the order of 100 to 300 percent annually. Such investment “opportunities” simply do not exist. (See Prime Bank Notes for additional information.)

Tips for Avoiding Letter of Credit Fraud:

  • If an “opportunity” appears too good to be true, it probably is.
  • Do not invest in anything unless you understand the deal. Con artists rely on complex transactions and faulty logic to “explain” fraudulent investment schemes. [Complex transaction and excessively long legalize sounding documents that only serve to protect META BANK and to scam their customer base.]
  • Do not invest or attempt to “purchase” a “letter of credit.” Such investments simply do not exist.
  • Be wary of any investment that offers the promise of extremely high yields.
  • Independently verify the terms of any investment that you intend to make, including the parties involved and the nature of the investment. [ Please be warned that META BANK using many different products has consistently scammed their customers. Who is META BANK? What is META BANK? If they don’t have a branch in your town where you can walk in and talk to them during any workday, and where you may actually run into them at the grocery store or at your place of worship, they are strangers to you by design then.]

 

Prime Bank Note Fraud

International fraud artists have invented an investment scheme that supposedly offers extremely high yields in a relatively short period of time. [ Meta Bank offers a Swiss Bank Account to those people who have worked hard for their money …. Who do you know who would say that they didn’t work hard for their money? This is a form of tax evasion and META BANK is encouraging it.]

In this scheme, they claim to have access to “bank guarantees” that they can buy at a discount and sell at a premium. By reselling the “bank guarantees” several times, they claim to be able to produce exceptional returns on investment. For example, if $10 million worth of “bank guarantees” can be sold at a two percent profit on 10 separate occasions—or “traunches”—the seller would receive a 20 percent profit. Such a scheme is often referred to as a “roll program.”

To make their schemes more enticing, con artists often refer to the “guarantees” as being issued by the world’s “prime banks,” hence the term “prime bank guarantees.” [META BANK also assures consumers that this is sound advice to use the META BANK PREPAID CARDS as one way to improve their credit scores…. This is misleading in the way that it is stated, because it is highly unlikely that by using META BANK that any customer would be able to improve their credit rating or their lives….. Steer  Clear of META BANK is the only advice that I can give at this time since the law enforcement and regulations haven’t caught up with them yet.] Other official sounding terms are also used, such as “prime bank notes” and “prime bank debentures.” Legal documents associated with such schemes often require the victim to enter into non-disclosure and non-circumvention agreements, offer returns on investment in “a year and a day”, and claim to use forms required by the International Chamber of Commerce (ICC).

In fact, the ICC has issued a warning to all potential investors that no such investments exist.

The purpose of these frauds is generally to encourage the victim to send money to a foreign bank,[or to META BANK in Iowa] where it is eventually transferred to an off-shore account in the control of the con artist.[What happens to the customer’s money once META BANK has it and will not release the customer’s own money to them is unknown, but open to speculation.   …. Bank customers simply are not allowed to access their own money when they need it.]  From there, the victim’s money is used for the perpetrator’s personal expenses or is laundered in an effort to make it disappear.[ Most likely this is what happens at META BANK and within META BANK too with the customer’s money…. that money is gone forever from the customer.]

While foreign banks use instruments called “bank guarantees” in the same manner that U.S. banks use letters of credit to insure payment for goods in international trade, such bank guarantees are never traded or sold on any kind of market.

Tips for Avoiding Prime Bank Note Fraud:

  • Think before you invest in anything. Be wary of an investment in any scheme, referred to as a “roll program,” that offers unusually high yields by buying and selling anything issued by “prime banks.”
  • As with any investment, perform due diligence. Independently verify the identity of the people involved, the veracity of the deal, and the existence of the security in which you plan to invest.
  • Be wary of business deals that require non-disclosure or non-circumvention agreements that are designed to prevent you from independently verifying information about the investment.

“Ponzi” Schemes

“Ponzi” schemes promise high financial returns or dividends not available through traditional investments. [ META BANK offers a brand new product in a fast paced industry … per their own website, but this in and of itself is yet another Ponzi Scheme. META BANK’s CD fraud was major and along these same lines. They just shifted money around; it wasn’t any kind of a real investment. This is exactly what META BANK did in that CD Fraud they were brought to court over.]   Instead of investing the funds of victims, however, the con artist pays “dividends” to initial investors using the funds of subsequent investors. The scheme generally falls apart when the operator flees with all of the proceeds or when a sufficient number of new investors cannot be found to allow the continued payment of “dividends.”

This type of fraud is named after its creator—Charles Ponzi of Boston, Massachusetts. In the early 1900s, Ponzi launched a scheme that guaranteed investors a 50 percent return on their investment in postal coupons. Although he was able to pay his initial backers, the scheme dissolved when he was unable to pay later investors.

Tips for Avoiding Ponzi Schemes:

  • Be careful of any investment opportunity that makes exaggerated earnings claims. [ The partner company actually needs to be watchful of this part.]
  • Exercise due diligence in selecting investments and the people with whom you invest—in other words, do your homework.[ The partner company needs to be more cautious in deciding which bank to use.]
  • Consult an unbiased third party—like an unconnected broker or licensed financial advisor—before investing. [Over time, META BANK will become more and more exposed for who they are and actually what they do and are doing to harm the American people, and the people of the world too…. META BANK is an equal opportunity scammer; they want everyone’s money.]

For more information: 
– Bernie Madoff Case
– Stanford Case
– Wholesale Grocery Distribution Ponzi Scheme
– ATM Ponzi Scheme
– Victims Turn Tables with Ponzi Scheme

Pyramid Schemes

As in Ponzi schemes, the money collected from newer victims of the fraud is paid to earlier victims to provide a veneer of legitimacy. [META BANK has been working and working to get this veneer of legitimacy, but they are nothing but a major scam on the American people since they exist in Storm Lake Iowa…They tend to operate in the USA mostly, but then there is PAYONEER BANK and the issue of the false ID’s to commit an assassination.]  In pyramid schemes, however, the victims themselves are induced to recruit further victims through the payment of recruitment commissions. [ This is also part of the META BANK plan to get the employees of the partner company to push the cards off on their customers with the promise of rewards or points for that clerk…. It is nothing but a Pyramid Scheme.]

 

More specifically, pyramid schemes—also referred to as franchise fraud or chain referral schemes—are marketing and investment frauds in which an individual is offered a distributorship or franchise to market a particular product. The real profit is earned, not by the sale of the product, but by the sale of new distributorships. Emphasis on selling franchises rather than the product eventually leads to a point where the supply of potential investors is exhausted and the pyramid collapses. At the heart of each pyramid scheme is typically a representation that new participants can recoup their original investments by inducing two or more prospects to make the same investment.

Promoters fail to tell prospective participants that this is mathematically impossible for everyone to do, since some participants drop out, while others recoup their original investments and then drop out. [ META BANK representatives fail to tell customer what the reported pitfalls are or will be if they decide to buy into the META BANK PREPAID CARD.]

Tips for Avoiding Pyramid Schemes:

  • Be wary of “opportunities” to invest your money in franchises or investments that require you to bring in subsequent investors to increase your profit or recoup your initial investment.[META BANK Isn’t a franchise, but they need the partner company to push their product for them and in this sense they have duped the partner company who will then dupe their own customer base, and lose that customer base.]
  • Independently verify the legitimacy of any franchise or investment before you invest.[ This may be difficult to do when the partner company is vouching for META BANK as they sell the PREPAID CARD to you as the customer. Only over time will that partner company see the error of their way.]

Market Manipulation or “Pump and Dump” Fraud

This scheme—commonly referred to as a “pump and dump”—creates artificial buying pressure for a targeted security, [artificial buying pressure … that is all that META BANK’s publicity does to grab a share of their potential customer base.] generally a low-trading volume issuer in the over-the-counter securities market largely controlled by the fraud perpetrators.

This artificially increased trading volume has the effect of artificially increasing the price of the targeted security (i.e., the “pump”), which is rapidly sold off into the inflated market for the security by the fraud perpetrators (i.e., the “dump”); resulting in illicit gains to the perpetrators and losses to innocent third party investors. [ Why META BANK needs to hold the customer’s money from them longer than is convenient for the customer and contrary to any kind of normal practice needs to be studied beyond the fact that META BANK has an interest free loan…. More is going on to have made this kind of money this quickly.]

Typically, the increased trading volume is generated by inducing unwitting investors to purchase shares of the targeted security through false or deceptive sales practices and/or public information releases.[Increased volume in customer base is part of the answer…. META BANK created the Network Branded Prepaid Card Association and the two of them lobbied heavily in the US Congress. Large Political Campaign donations were made to Steve King of Iowa as well.]

A modern variation on this scheme involves largely foreign-based computer criminals gaining unauthorized access to the online brokerage accounts of unsuspecting victims in the United States. These victim accounts are then utilized to engage in coordinated online purchases of the targeted security to affect the pump portion of a manipulation, while the fraud perpetrators sell their pre-existing holdings in the targeted security into the inflated market to complete the dump.

Tips for Avoiding Market Manipulation Fraud:

  • Don’t believe the hype.
  • Find out where the stock trades.
  • Independently verify claims.
  • Research the opportunity.
  • Beware of high-pressure pitches.
  • Always be skeptical. [ This is necessary today in no matter what you do and with whom you deal since META BANK uses partner companies whom they court and sweet talk into taking them on as a partner.]

For more information: 
– Operation Shore Shells investigation

The following are some of the most common scams that the FBI investigates and tips to help prevent you from being victimized. Visit our White-Collar Crime and Cyber webpages for more fraud schemes.

To report cases of fraud, use our online tips form or contact your nearest FBI office or overseas office.

Telemarketing Fraud

When you send money to people you do not know personally or give personal or financial information to unknown callers, you increase your chances of becoming a victim of telemarketing fraud. [ People you do not know!!!! That would be META BANK!!!!]

Here are some warning signs of telemarketing fraud—what a caller may tell you:

  • “You must act ‘now’ or the offer won’t be good.”
  • “You’ve won a ‘free’ gift, vacation, or prize.” But you have to pay for “postage and handling” or other charges.
  • “You must send money, give a credit card or bank account number, or have a check picked up by courier.” You may hear this before you have had a chance to consider the offer carefully.
  • “You don’t need to check out the company with anyone.” The callers say you do not need to speak to anyone including your family, lawyer, accountant, local Better Business Bureau, or consumer protection agency.
  • “You don’t need any written information about their company or their references.”
  • “You can’t afford to miss this ‘high-profit, no-risk’ offer.”   [ No risk deal?…. Actually, the publicity being used by the partner company to push the PREPAID BANK CARD by META BANK…. t is said to be safer than cash which is simply not true!!!]

If you hear these or similar “lines” from a telephone salesperson, just say “no thank you” and hang up the telephone.[Good advice no matter from who you may hear these lines!!!!]

Tips for Avoiding Telemarketing Fraud:

It’s very difficult to get your money back if you’ve been cheated over the telephone. Before you buy anything by telephone, remember:

  • Don’t buy from an unfamiliar company.[That would be META BANK for the majority of people.] Legitimate businesses understand that you want more information about their company and are happy to comply.[META BANK’s publicity is used to effect the impression that they are a friendly bunch of people when all that they really are is a collections agency…. This is what makes META BANK a scam operation.]
  • Always ask for and wait until you receive written material about any offer or charity. If you get brochures about costly investments, ask someone whose financial advice you trust to review them. But, unfortunately, beware—not everything written down is true.
  • Always check out unfamiliar companies with your local consumer protection agency, Better Business Bureau, state attorney general, the National Fraud Information Center, or other watchdog groups. Unfortunately, not all bad businesses can be identified through these organizations.[Forget the Better Business Bureau unless perhaps it is in your own city, but in general the use of BBB has become meaningless.]
  • Obtain a salesperson’s name, business identity, telephone number, street address, mailing address, and business license number before you transact business. Some con artists give out false names, telephone numbers, addresses, and business license numbers. Verify the accuracy of these items.[ Do all of these things separate from the partner company about the product they wish to sell to you.]
  • Before you give money to a charity or make an investment, find out what percentage of the money is paid in commissions and what percentage actually goes to the charity or investment.  [ Many of those money making prepaid cards are basically a fund raising scam that has been impressed upon innocent perpetrators at schools and churches…. avoid the PREPAID CARDS.]
  • Before you send money, ask yourself a simple question. “What guarantee do I really have that this solicitor will use my money in the manner we agreed upon?” [Do ask yourself this question. META BANK has also been a scam of scale; they scam many people for not so much so they try to stay under the radar…]
  • Don’t pay in advance for services. [This is what a PREPAID CARD is asking of you; the whole concept is a scam!!!!!] Pay services only after they are delivered.
  • Be wary of companies that want to send a messenger to your home to pick up money, claiming it is part of their service to you. In reality, they are taking your money without leaving any trace ofwho they are or where they can be reached.[ Pay attention to this. Also META BANK lies to their customers to be able to keep their money from them. Spare yourselves some pain.]
  • Always take your time making a decision. [Good idea!!!] Legitimate companies won’t pressure you to make a snap decision.
  • Don’t pay for a “free prize.” If a caller tells you the payment is for taxes, he or she is violating federal law.[Pay careful attention to this advice. Don’t pay unlawful fees!!!!]
  • Before you receive your next sales pitch, decide what your limits are—the kinds of financial information you will and won’t give out on the telephone.[ Think carefully about this. Unless you have initiated the call, don’t give out any information at all.]
  • Be sure to talk over big investments offered by telephone salespeople with a trusted friend, family member, or financial advisor. It’s never rude to wait and think about an offer.[ Take the time to think about any financial offer.]
  • Never respond to an offer you don’t understand thoroughly.[ Clearly this is a good idea, but the publicity used by META BANK plays on consumer’s sympathies and weaknesses…. Your soft side is where they will get you with the details you most want to hear, but which are only a pack of lies to sell the exact same product over and over again. Don’t buy a PREPAID CARD. DON”T USE ANY OF THE MATERIAL BEING OFFERED BY META BANK to protect yourselves.]
  • Never send money or give out personal information such as credit card numbers and expiration dates, bank account numbers, dates of birth, or social security numbers to unfamiliar companies or unknown persons.
  • Be aware that your personal information is often brokered to telemarketers through third parties. [ Please contact your elected officials to ask that this be changed and made illegal.]
  • If you have been victimized once, be wary of persons who call offering to help you recover your losses for a fee paid in advance. [ This is the kind of offer that META BANK made to Boesen and then they kept extending him loans that he would never be able to repay…. this is immoral!!!!]
  • If you have information about a fraud, report it to state, local, or federal law enforcement agencies.[ This is excellent advice.]

For More information: 
– Telemarketing Fraud Targeting Seniors

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