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>Dear Truth Teller, > >I saw your many postings warning for Nigerian >Fraudsters,I need your expertise In order to >understand how they make fraud in leased BG. > >I have read your message in Voyforums and Brandynet, >But I have left with one important point which is the >logic of this transaction. I am pretty sure that, if I >can issue a Swift MT 760 text same with the text >example (irrevocable, transferable, assignable, will >be paid against the first request etc...) , I can get >credit/loan line from few banks in Europe. One has >already confirmed me that with such a text they are >willing to provide me a loan facility upto 85% of the >face value of MT 760. With MT 760 I can get a loan; >and I would like to play the devils advocate here, if >I do not pay 1 year later then the bank that has given >me the loan would like to cash the BG that they have >received either from Citi/HSBC. I presume, it is >HSBC/Citi's obligation to pay and they will. Then, >practically by paying less than 4%, I can get away >with a lot of cash. It seems that something is wrong >in the equation. In the end, investor that facilitated >my leased BG would pay the BG, he would have the >ultimate loss. I do not get this ??? Any thoughts ? > >Kind Regards, > >Cengiz Tuncer >centuncer@gmail.com

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