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Scams |
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| Self liquidating loans are really the same scams that roll programs are, but their approach is a little different. You will see ads in the back of Entrepreneur and other magazines offering these loans that you never have to pay back. Operators claim you can make $5 million for not doing a thing by using one of their clever loan programs. This is how they claim it works: You find a large offshore bank that will lend you $100 million. This $100 million is kept in secure offshore investments that produce an annual return of 10% (meaning a $10 million per year income from the loan). The loan charges 7% per year and only uses $8 million of that $10 million cash windfall. This is where it gets screwy. The bank now has you liquidate (or close out) the loan. They figure that you would have made $300 million off the loan in thirty years and only paid out $240 million over that same 30 years. This would (in theory) leave you with a $60 million difference and the bank will discount this amount and give you $5 million. Credit or collateral are not important, since this is done in only a few weeks and you never touch the money until the end. I'm sorry, but I don't know of a bank that is going to loan anybody $100,000,000 or pay you future interest on money that you never owned, invested or controlled. Self-Liquidating Loans are like Roll Programs. Everybody knows a friend of a friend that has done one but nobody who did one personally. Matt Gagnon Mazu Publishing www.Mazu.com |
32 Year Old Ex-Hotel Employee Creates A Unique Marketing Method That Sells An Easy $1,000,000 Worth Of Product In Under 12 Months |
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And How You Can Work With Him, One On One, For Less Than .50¢ a day! |
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