Baltic Finance Group

Baltic Finance Group Fraud

Don't Bear Internet Fraud

Baltic Finance Group screenshot (18-Aug-2008):

This fraudster should not be confused with any other company with the same or similar name. The above screenshot, the website domains and the fraudulent employment offers identify this criminal site only.

Baltic Finance Group (aka Latvia Group or even Latvia Group Group - they are a little confused about what they are called) is just another clear fake Eastern European financial site that exists solely to ensnare the unwary, whether it is to 'phish' for bank details or to recruit money mules. The clues are all there that give the criminal's game away without a shadow of a doubt, clues such as stolen website content, (from Hansabanka.lv), bogus claims etc. They also have the identical sister fraud website Latvia Web Finance which is linked by the use of the apparently suspended nameserver domain cheapoem.biz with other scammers such as Harsdorf's Financial Group, Vienna Finance, Russian porn sites and the fake/criminal hosting site Offshore Hosting which uses the rather giveaway domain of bulletproof-service.com along with hosting-offshore.biz.

As aforementiond, Baltic Finance Group have a sister fraud website of Latvia Web Finance. The websites of both fraudsters are virtually identical apart from the name and although they are supposedly different organisations at different physical locations and with different registration numbers they both have the same fake board members, (stolen from Hansabank), and the same telephone numbers. The fraud site payload is the usual money laundering mule job of accepting payments into a private bank account and transferring a balance back to these criminals via Western Union or Moneygram which is likely to earn you a criminal record and/or get your bank account and your assets frozen - don't be tempted. The criminals initial domain lvcorp.biz was only registered with TUCOWS INC. (streamline.net) on 01-Dec-2005 although they claim on their 'Brief History' page to have been in operation since 1992. Large swathes of their website have been stolen from Hansabank, along with the Board Members bios.

Evidence of Criminal Fraud:

i) On their 'Brief History' page they claim: "Officially Latvia Grouppank launched independent operations on 10 January 1992." , however the criminal's website domain lvcorp.biz was only registered with TUCOWS INC. (streamline.net) on 01-Dec-2005. Clear evidence of misrepresentation and fraud.

ii) Although Latvia Web Finance and Baltic Finance Group are supposedly different companies at different physical locations and with different company registration numbers they both have the same fake board members and the same telephone numbers. Clear evidence of fraud.

iii) The board members are clearly bogus, e.g. Erkki Raasuke, supposedly Baltic Finance Group's Vice Chairman of the Board & Managing Director is actually chairman of the board of Hansabank. Gledrius Dusevicius, supposedly Baltic Finance Group's "Member of the Board, Chairman of the Board of AB Bankas “Latvia Groupas”" is actually Chairman of the Board of AB Bankas Hansabankas (Hansabank) and so it goes on, basically they've simply stolen all the bio's from various Hansabank corporate structures. Clear evidence of fraud.

iv) The Swift code of BASAIE2X they have on their website Contact page checks out on the Swift check site to be invalid. Clear evidence of fraud.

v) The Baltic Finance Group 'Facts' page has been stolen directly from the Hansabank 'Facts' page with a few name changes. Despite the impressive stolen 'Facts', a Google websearch simply throws up the crook's website and fraud listings - they have no web presence whatsoever. Clear evidence of fraud.

vi) The money mule job from the website:

Work (USA. Mexico. Canada. EU)

We are Latvia Group. occupy one of the leading places, among many similar companies worldwide. Our work a pledge of success in financial operations and an online trade. 11 years stable and excellent work of our company in sphere of trade and rendering of services a bright parameter of deserved success and absolute reliability of the company. Our clients not only the solid companies working with us on an extent of long time, but as both the young which starting up organizations requiring for reliable support on first steps of the activity.

Latvia Group situated in Latvia from the moment of opening till present time.

We carry out successful activity during 11 years in territory of Asia, East and Western Europe . We have only positive responses from our clients and partners and faultless business reputation. We have wide experience in this activity.

In connection with the increased volume of applications of our clients which have business partners in territory of such countries as USA , CANADA and EU. In 2006 we plan an output for the markets of Northern America , EU and Australia .

In this circumstance, at present to us sales representatives (managers, financial assistants) for realization of financial and trading operations with our partners are required.

Duties of sales representatives include the control of shipment of the goods bought by our clients, reception of the goods and their transfer to Latvia, Estonia or Russia .

Reception of money resources from buyers and their sending to Latvia . The full control of realization of financial operations and assistance in their realization.

Quantity of vacancies in various countries of Northern America and EU at present 50 members.

During 2006 we plan opening a network of offices and representations for territories USA and EU. Best their sales representatives will be invited to work in these offices on higher posts.

Latvia Group Offers you to begin the career in the large international and known company.

We do not show special requirements to your formation and experience of similar work. The most important is your vigor, skill to communicate and desire to work in one of conducting financial companies. During work you will receive consultations and advice it our managers (by E-mail, ICQ, Yahoo Messenger and phone). At an initial stage at you will be a partial employment (not a full working day). As you will be typed experience volume of work and your salary will be increased.

Payment. From each carried out operation you will receive 7 %. And you will leave to yourselves this sum. And you will be obliged to send other sum on system WU to Latvia, Estonia or Russia . We compensate for all your expenses. As we guarantee to you such amount of works that your payment from the very beginning will be not less 4000USD per one month and it will grow in process of your promotion in our company.

For immediate consideration contact/email resumes to: hrmanager@lvcorp.biz

As most of the criminal's website content has been stolen from the genuine Hansabank website in order to get around the usual giveaway 'Runglish' problem, the boastful claims are largely irrelevant, and shown as nonsense anyway by their total lack of web presence, but when they have to diverge from the stolen website content then the characteristic 'Runglish' creeps in as you can see in the above fraud job.

The above advertised duties:

"Duties of sales representatives include the control of shipment of the goods bought by our clients, reception of the goods and their transfer to Latvia, Estonia or Russia." This is the classing reshipping fraud donkey scenario; it consists of receiving goods obtained by credit card fraud and reshipping them abroad to these criminals.

Reception of money resources from buyers and their sending to Latvia . The full control of realization of financial operations and assistance in their realization." This is the classic Money laundering mule scenario; it consists of receiving stolen checks into your private bank account and transferring a balance overseas to these criminals, (less 7% for yourself), via Moneygram and Western Union.

Those are the clear twin functions of reshipping donkey and money laundering mule. This bogus company is trying to entrap you into illegal activities - if you do not want to lose a lot of money, have your bank accounts and your assets frozen and get yourself a criminal record then do not be tempted.

vii) The No genuine company would recruit part time, work from home operatives doing the above illegal jobs from among the untrained, unknown general population in a foreign country - the whole idea is ludicrous and clearly defines the company as criminal and fraudulent.

The above indisputable evidence clearly demonstrates that the Baltic Finance Group website is a fraudulent website set up with intent to deceive. If you are an abuse team that has received an abuse report regarding these fraudsters, please consider immediate termination of their services in view of the absolutely undeniable evidence of criminal fraud - please don't delay - these criminals will not respond to any communication from you, (all their whois data is usually false), but will simply take advantage of any attempt at communication as a delaying tactic to allow them time to carry on their criminal activity and prepare their next network.

Known Website Domains

lvcorp.biz

Registrar

TUCOWS INC. (streamline.net) 01-Dec-2005

Active
Suspended/Disabled

Network Data (lvcorp.biz)

How I am searching:

Searching for lvcorp.biz A record at m.root-servers.net [202.12.27.33]: Got referral to G.GTLD.biz. (zone: biz.)
Searching for lvcorp.biz A record at G.GTLD.biz. [199.7.64.126]: Got referral to NS2.STREAMLINEDNS.CO.UK. (zone: lvcorp.biz.)
Searching for lvcorp.biz A record at NS2.STREAMLINEDNS.CO.UK. [213.171.212.13]: Reports lvcorp.biz. Response:

Domain	Type	Class	TTL	Answer
lvcorp.biz.	A	IN	43200	213.171.218.209

Looking up at the 2 lvcorp.biz. parent servers:

Server	Response
ns2.streamlinedns.co.uk [213.171.212.13]	213.171.218.209
ns1.streamlinedns.co.uk [213.171.208.13]	213.171.218.209

The host of this criminal is Fasthosts UK on IP 213.171.218.209

Fraud Log

18th. August. 2008
Webpage created

***Latest News*** 20th. September 2008
Info. from site contact - domain lvcorp.biz is disabled. Please notify me of any active domains/Websites