ABC Brokerage Fraud

Report Active Domain

Don't Bear Internet Fraud Home

ABC Brokerage : Evidence of Criminal Fraud

Financial agent Candidate requirements: - free 2-3 hours a day; - 21+ years old; - availability by phone; - no criminal offense or convictions; - good credit history with your bank; - internet access to reply e-mails promptly; - honest, responsible and prompt in operations; - have an adaptable, flexible and professional attitude; - have constant internet access for communication with our company via e-mail. Duties: We are searching for people to process funds coming from our customers. ABC Brokerage will provide an agent detailed instructions as regards fund processing operations including sender full name and amount total for each separate case. When funds enter employee's bank account, financial agent's duty is to withdraw funds and transfer them via Western Union or MoneyGram money transfer systems to us. The one of main advantages of our services is the shortest possible time within which the seller can receive money for the services sold. Therefore, applicant must be very responsible and attentive! This job will give you: - part-time employment; - possibility to combine this job with your full-time employment and own schedule. Additionally, you will receive awards and bonuses for high-quality and accurate work. Salary: We offer 500 EUR per month + 5% from each operation. Base salary (500 EUR) will be transferred at the end of each working month to agent's bank account. Commission (5%) is to be deducted from the processed money. Details: We are glad to offer you a position in our company. ABC Brokerage is large independent Polish financial group. We are also innovative company on the European financial market and definite leader in alternative investment management. We specialize in asset management, brokerage services, private equity financing, IPO, institutional investors, mutual funds, exchange-traded funds. As we wrote we hire people for freelance work. We advertise our services in your country; you have a possibility to become a freelance financial agent of our company. You can combine the work with your full-time work. We are looking for the workers who will receive the funds from our customers to own bank account and resend money to us via Western Union and MoneyGram transfers. Some part of our customers can send their funds via local bank transfers only. So our cooperation with them is based on Western Union and MoneyGram money transfers. Our customers will wire their payments via bank to your bank account. We'll notify you about this via e-mail and phone. Then you'll have to go to the bank and withdraw the funds. After taking your 5% from the amount, you'll have to go to Western Union or MoneyGram with the remaining cash (95%) and send it to us. You will receive 1-3 transfers a week. Western Union and MoneyGram fees will be discounted from the money that you will send to us. Our manager will call you before bank transfer, if you are not able to receive the transfer, then we'll make the transfer another day. So you can combine the work with your own schedule. Frequently asked questions: Q1: What do I need to do? A: Your functions will include controlling our funds flow and conducting part of the transactions. You will receive funds from our customers to your bank account at a time and date convenient to you and then forward the money to us. Q2: What a profit? A: A part of our customers can send the funds via local bank transfers only, so we need freelance financial agents who can receive funds to own bank account locally and resend money to us via Western Union or MoneyGram transfers. Q3: Please give me an example of the job process. A: 1. The customer sends the funds via bank transfer to your bank account and notifies us.* 2. We inform you by phone that the transfer is made and send you notification e-mail (example): "Transfer has been made. Amount is 3000 EUR. Check your account please, withdraw money and send them via Western Union or MoneyGram transfer to Jacob Marenskiy, Tarnow, Poland". 3. You go to your bank and withdraw the funds. 4. Take your commission (5% of amount) and go to Western Union or MoneyGram agent with remaining cash (95% of amount), send it to Jacob Marenskiy, Tarnow, Poland ". 5. You send us details of Western Union or MoneyGram transfer via e-mail. * Our manager will call you before bank transfer, if you are not able to receive the transfer then we'll make the transfer another day. So you can combine the work with your own schedule. Q4: What bank and bank account should I use for work? A: You can use any suitable bank and bank account for work. You can open a new bank account for this work as well. Q5: How many transfers a day/week/month shall I process? What is average amount of each transfer? A: You will receive 1-3 transfers a week. Average amounts of bank transfers are 3000-8000 EUR. Q6: How much time do I have to complete the transfer? A: You have to complete the transfer within 5 hours as soon as the funds will be on your bank account. Q7: What will happen if I fail to send the money within 5 hours? A: This is one of the most important questions. Should an agent fail to fulfill his/her assignment to transfer money on time, this will entail certain losses for our company and subsequently reflect on the revenue we receive. Under these circumstances we will bill the agent with the amount, which will be enough to cover the company's damage. This compensation might amount up to 40% of the transfer amount. However, we understand that certain circumstances might prevent agent from sending money in time. In such case agent sends us a relevant notification note. This situation does not involve any fines for agent, provided this happens not more than once and the reason is of serious matter. Q8: Do you have customers already? Or need I find them for you? A: We have customers already; you do not need to find anybody. Q9: In what currency should I send the money? Is it necessary to exchange the currency? A: You should send the money in EUR. You don't need to exchange the currency. Western Union and MoneyGram do this by themselves. Q10: Who pays fees for sending the money via Western Union and MoneyGram transfers? A: The fees will be discounted from the money that you will send via Western Union or MoneyGram transfers. Q11: How can I get my salary? A: Salary is paid at the end of each working month via wire transfer to your bank account. Q12: Where can I find Western Union or MoneyGram locations? A: You can find your Western Union location: http://www.westernunion.com/WUCOMWEB/staticMid.do?countryCode=US&languag eCode=en&pagename=agentLocator&method=load You can find your MoneyGram location: http://www.moneygram.com/eFindUs/findUs.do?countryCode=US&languageCode=en Q13: How much is it legally supported? A: Financial agents network is our know-how, widely known in financial market nowadays. All kinds of services provided by our company are licensed by proper organizations and covered by annual audit control as well as it is done for all other companies involved into money transfer operations. Within the whole period of its operation our company didn't have a single claim or, what are all the more, court actions caused by the improper execution of our obligations. All guarantees for financial agent are specified by the agreement. Q14: What is the hiring process for this position? Do I need to come in for an interview? A: This is online, part-time position. There is no formal interview process for this position and most of communication is done online; however, if we have any questions as to your application process, we will contact you by phone. In determining whether you are a qualified candidate for this position we perform various criminal and background checks. Mainly we look for any outstanding delinquencies that you might have for any criminal convictions. These checks help us to determine whether you are a qualified candidate. Q15: Isn’t the bank having any questions about money? A: Our agents had no any problems yet. If the personnel in the bank asked about the funds, simply let them that the funds from your friend or member of your family. Q16: Can I cancel the agreement unilaterally? A: Yes, you can, if: - you do not have customer's money on your account; - you provide a preliminary notice e-mail 5 days before canceling the agreement. No, you can't, if: - you have customer's money on your account; - money has just been transferred to your account; - there are any unsettled arguments and disputes between you and the Company. ABC Brokerage

1 EMPLOYMENT AGREEMENT No 165196/10 This employment agreement ("Agreement") by and between ABC Brokerage DM Sp. z o.o. (acting on the basis of the license No 078515543) hereinafter the "Company" and (full name, according to passport) hereinafter the “Contractor" is entered into force on February 02, 2010. As used herein, the term "Parties" shall refer to ABC Brokerage DM Sp. z o.o. and (full name, according to passport) collectively. Whereas, the Parties intend that this Agreement be entirely independent of other agreements between the Parties or that may be contemplated by the Parties, and that any payments under this Agreement be non-refundable and non-cancelable. Therefore, the Parties agree as follows: 1. Objectives of the Agreement The objectives of the Agreement are: • to define roles and responsibilities of the Parties; • to describe the services that the Contractor will deliver under the Agreement; • to specify the performance measures and standards to be followed by the Contractor; • to specify the performance measures and standards against which the Company is to deliver services for the Contractor; • to define the financial arrangements; • to specify the assurance process by which the Company and the Contractor can confidently rely on each other's advice, performance and management information. 2. Service Delivery, Term of the Agreement and Compensation The principles and values governing the relationship between the Company and the Contractor are set out in the Exhibit A, attached to this Core Agreement, being its integral part. The Contractor takes the responsibility to provide the Company with the estimate, which is later attached as Exhibit A of the present Agreement. The Exhibit A shall define the Contractor's duties, term of engagement, compensation and provisions for payment thereof. These provisions may be negotiated and amended in writing from time to time, or supplemented with subsequent estimates for services to be rendered by the Contractor and agreed to by the Company, and which collectively are hereby incorporated by reference. 3. Reimburse of Expenses The Company undertakes to pay all taxes accrued in connection with money transfer. The Contractor shall pay money transfer charges from payments for payment processing operation. All reasonable and approved out-of-pocket expenses which are incurred in connection with the performance of the duties hereunder shall be reimbursed by the Company during the term of this Agreement, against the bill presented by the Contractor. Alternatively the Company does not take the responsibility to reimburse the expenses for the time spent by the Contractor in traveling to and from the Company facilities. 4. Reporting to the Company The Contractor shall present to the Company monthly project plans, progress reports and a final results report summarizing all activities conduced by Contractor to date on request from the Company. A comprehensive final results report shall be due at the conclusion of the project and shall be submitted to the Company in a confidential written report at such time. The results report shall be presented in such form and contain such information and data as is reasonably requested by the Company. 5. Confidentiality The Company and the Contractor shall identify preexisting confidential or proprietary items to be delivered under this Agreement as follows. The Contractor and the Company agree that during this Agreement, it is possible that the Contractor may develop additional data or information that the Contractor considers to be protectable as confidential information. The Contractor acknowledges that during the engagement he will have access to and become acquainted with various trade 2 secrets, inventions, innovations, processes, information, records and specifications owned or licensed by the Company and/or used by the Company in connection with the operation of its business including, without limitation, the Company's business and product processes, methods, customer lists, accounts and procedures. 6. Termination of the Agreement The Company may, at its option, terminate this Agreement without cause in whole or in part, upon giving ten (10) working days advance notice in writing to the Contractor. In addition the parties agree that the Company retains the right to terminate, at once, upon the default of the Contractor and to proceed with the work required under the Agreement in any manner the Company deems proper. Contractor specifically acknowledges that the unilateral termination of the Agreement by the Company under the terms set forth below is an essential term of the Agreement. 7. Insurance Within the scope of the present Agreement the Contractor will carry liability insurance (including malpractice insurance, if warranted) relative to any service that he performs for the Company. 8. Successors and Assigns This Agreement shall be binding upon and inure to the benefit of the successors or assigns of the Parties hereto and their respective heirs, if any, successors, and assigns. 9. Governing Law The laws shall govern the validity of this Agreement, the construction of its terms and the interpretation of the rights and duties of the parties hereto. 10. Assignment This Agreement shall be binding upon and inure to the benefit of the successors or assigns of the Parties hereto and, to the extent any successor or assign is not bound by operation of law, each Party shall cause such successor or assign to expressly agree in writing to be bound by this Agreement. 11. Modification or Amendments to the Agreement Changes to any part of this Agreement may be proposed by either party at any time and may be made with the consent of both parties. No modification or amendment to this Agreement shall be valid unless made in writing and signed by duly authorized representatives of both Parties. 12. Complete Agreement This Agreement and the Prior Agreement contains the entire understanding of the Parties with respect to the matters contained herein and supersedes all previous negotiations, agreements and commitments related thereto. There are no promises, covenants or undertakings between the Parties other than those expressly set forth herein and in the Prior Agreement. In the event of any conflicts between this Agreement and the Prior Agreement, this Agreement shall prevail. 13. The essential elements and signatures of the Parties In witness whereof the undersigned have executed this Agreement as of the day and year first written above. The parties hereto agree that facsimile signatures shall be as effective as if originals. 3 The Company by: Manager: Wislaw Majewski Postal address: 64 Ksiecia Janusza St. 01-452 Warsaw hr@abc-brokerage.com Company No. 0000639184 phone: (+48/0) 22 389 5529 The Contractor: Signature: First name: Last name: DOB: Gender: City: Address: Postal code: Home #: Cell #: Work #: E-mail: 4 EXHIBIT A TRANSFER SERVICE, Term of the Agreement and Compensation DUTIES: The Contractor undertakes the responsibility to receive payments from the Clients of the Company to his personal bank account, withdraw cash and effect payments to the Company by Western Union or MoneyGram money transfer systems within 5 hours. He/she will report directly to the senior manager and to any other party designated by the senior manager in connection with the performance of the duties under this Agreement and shall fulfill any other duties reasonably requested by the Company and agreed to by the Contractor. TERMS OF ENGAGEMENT: The Company undertakes to pay to the Contractor the base salary amounting to 500 EUR per month plus 5% commission from each payment processing operation. The Company has the right to cancel this Agreement at any time, should the Contractor refuses to fulfill his/her obligations under this Agreement or fulfills them not in good faith. The Contractor has the right to terminate the Agreement at any time on condition that he/she has processed all previous payments and has no new instructions. COMPENSATION: The Company undertakes to pay taxes accrued in connection with money transfer. The Company shall reimburse the expenses which are incurred in connection with money transfer by Western Union or MoneyGram. All reasonable and approved out-of-pocket expenses which are incurred in connection with the performance of the duties hereunder shall be reimbursed by the Company during the term of this Agreement, against the bill presented by the Contractor. The Company shall have the right to decrease the Contractor's commission in case the payment processing terms were violated by the Contractor. Should the Contractor delays re-sending money accepted to his bank account for the period exceeding five (5) hours without any explicit reason, the Company shall have the right to impose sanctions on the Contractor if only the delay has not been caused by the Force Major circumstances and to apply to the arbitration and claim for the reimburse of the amount transferred to his account or for compensation for other damage if any, evicted due to the delay. The Contractor may take days off at any time and at his/her option upon giving five (5) working days advance notice in writing to the Company in order that the latter may abstain from charging the Contractor with new instructions. However, salary for each day-off is deducted from the Contractor's base salary.