Finance, Forex and Investments

IS this Genuine or any kind of scam? is she been cheated or double crossed?please help?

HI , I would appreciate genuine answers here and thanks to all who have replied to this in advance  My friend who is from India applied for a loan of 5lakhs she was told to deposit 20,000 RS as processing fee and later the person kept on asking her the money for this and that charged like anti terrorist certificate and anti druggist certificate and so on , he said he has sent his diplomat to deliver the cash here in India and that person also took some money and showed some documents as its from RBI for the USD to be converted to INR this is been happening for the last 5 months , now she has landed up with no money and jewelry for a 5 lakh loan she has almost spent 3,70,000 INR Now he is telling he will give her more money to that is 10lakhs give 20,000 INR more, she has refused to give that money for him .he is still in contact through mail and through phone he is from NIGERIA Im just attaching you a copy of the mail he has sent 20/03/2009 Monday-Saturday:7:30am-6:30pm {Processing time}. Sunday:12noon-6:30pm {Processing time}. CAPITALIST INVESTMENT SERVICE #1008 CRAVING AVENUE, CENTRAL AREA MIATAMA ABUJA NIGERIA CERTIFIED,CREDIBLE AND APPROVED BY GOVERNMENT POLICY. TEL: +234-806-710-5305 EMAIL: cyril.capitalpartiners@hotmail.com Attn:Mrs. Sharon Rose, I Mr. Cyril Johnson, the Managing director of CAPITALIST INVESTMENT SERVICE is Offering a loan amount of 5Laks Converted to India Currency 500,000 INR as Loan to the following Benefit airy: Mrs. Sharon Rose . In view to the Application received from you requesting to borrow from my Company. You are requested you give me a call at the receipt of this Loan Terms Computations,for any form of Information you may need. CONDITIONS FOR THE LOAN You must make sure you understand the conditions for this loan you are about to secure from us, before we then proceed to the processing of the loan. 1. The loan must be insured: The insuring of the loan will be done by the lender who is giving out the loan. Therefore the lender will be responsible for the insurance fee. 2. Time of duration: The borrower must pay back at the rate of interest within the stipulated time (years) after cashing the loan. 3. Upfront fee: The Borrower{ Mrs. S Rose }Will be entitled to pay { 20,000INR } for the Loan Admistrative Processing/Approval Fee. The lender will be responsible for:-The Loan Agreement Contract fee, Insurance charges,Tax and the Transfer Cost. 4. Particulars: The borrower must provide either of the following:-A Driver's License, An International passport, Or a valid Identity Card bearing his/ her name. 5. Required Age: The borrower must be above 18 years of age and any age below 18 would be disallowed from this loan offer. We will start up with the loan processing upon if you can provide the Loan Admistrative Processing/Approval Fee,as it is the Governmental policy for this loan to be granted to you. Note that below is the calculated loan terms and repayment schedule: LOAN TERMS & REPAYMENT SCHEDULE *AMOUNT NEEDED:-------------------------- 500,000.00INR *LOAN INTEREST RATE PER YEAR: 5% *DURATION: ---------------------------------- 5 YEARS *MONTHLY LOAN PAYMENT:---------------- -- 10,416.7INR { Monthly Payment } *NUMBER OF PAYMENT:------------------------- 60 Months *GENERAL INTEREST FOR 5 YEARS:------------ 125,000INR FOR 5 YEARS *TOTAL AMOUNT TO BE PAID AFTER 5 YEARS:-- 625,000.00INR If there is anything you will like to add do not fail to bring it to my attention me, our loan program is very direct and flexible. Hence on your agreement with the foregoing terms you are required notify us on how best you would prefer to receive this loan from the options stated below for your review 1. Bank Swift Transfer 2. Courier/Check Hence for us to commence get back to us to inform us the mode at which you want your loan funds to be transfered to you so that we proceed with the next step of the transaction. Do give me a call for voice identification. Warmest Regards. Mr. Cyril Johnson Tell:+234 806 710 5305 Financial Controller/Operations Manager CAPITALIST INVESTMENT SERVICE And now she has no job no money and she has landed up in a huge huge problem, Can anybody find out this guy is real or a scammer, do we need to file a police complaint Please do help me.

Public Comments

1. Legitimate banks do not ask potential borrowers for money. If there are any fees, then the fees are deducted from the loan amount when it is granted. I am afraid that your friend has been scammed. Contact the police.
2. Take help of cops
3. oh no baby this surely looks like a genuine scam! ask her not to give any more money to these idiots! If they were genuine they would have given the promised amount right when they got the first payment! This has gone way out of hand sweety! please repot this needs to be reported to cyber crime! oh God this is so sad! please I hope she gets the money back some how!
4. Yes it is a scam. You should contact the police
5. Am a money lender, i give out loan for any purpose, if you are really in need of a loan, just let me know the amount you need as a loan, and contact me via email address, calculate the terms and conditions for the amount you need. Are you faced with stress in the acquisition of a loan? Have you been disappointed by your bank? Did you need a personal loan to secure a home, car and evaluate the finances? Contact name: Mrs Terry Morgan will help meet your financial plans towards a fulfilling success, strictly for law abiding citizens. We offer Commercial loans, Personal / Residential and Others at 3% annual interest; apply for a minimum of $5000.00 to a maximum of $50.000.000.00. Interested applicants should please contact us via email: sterlingloancompany@yahoo.com Following is the borrower application form Name :_________ Sure Name :_________ Gender :_________ Marital Status :_________ Contact Address:_________ City / Postal Code :_________ Country :_________ Date of Birth :_________ Amount required as a loan :_________ Term loan :_________ Monthly / annual income :_________ Occupation :_________ Purpose of Loan :_________ Phone :_________ Fax :_________ Signed; Management.
6. Most all scams are from Nigeria. They will not prosecute these individuals and there probably not even from there. This scam has been around for almost 20 years. Get ratings from the internet on any company you are applying for a loan from. Your personal information is on an application. This can be more valuable than the money your sending him. Better take action asap and change everything you can.
7. b sherman is right i am getting a loan right now and they didnt ask for any money up front all the fees will be coming out from the loan no loan.. no fees please tell your friend not to give anymore money on this bogas loan and go to the police today make sure not to tell the loan officer that you are on to them.. let the cops find them first
8. meet the sbi people than they will explain your in detail