Some evidence has come to light pointing towards the possibility of a fraudulent scheme in the financial industry, in the case of Mr. Bruce Green and Secure Platform Funding. This, some material suggests, may be an advanced fee scheme. In recent years, we have seen an increase in white collar crime, specifically in investment fraud toward loan funding schemes.
Time and time again, there have been two basic schemes: the advanced fee scheme and the escrow-based scheme. A common example for an escrow-based scheme is the well-known and documented case of iVest International Holdings, Inc., which ended with a guilty verdict and a six-year sentence for its CEO, Mr. Graulich. An advanced fee scheme, which may be the model under which Secure Platform Funding operates, produces smaller losses than an escrow account scheme, but can produce the same losses for its victims. In the case of Secure Platform Funding, the company charges an advanced service fee for arranging third party loan funding.
In one case, Mr. Green allegedly claimed to represent the Bank of Bahrain and further claimed to be involved with other institutions, to defraud a victim of $50,000 relating to a promised $10M loan and other banks instruments. To establish this persona, Mr. Green allegedly produced various documents such as bond transfers, letters of credit, and SWIFT MT760 that he claimed to have been involved with. Then, Mr. Green supposedly persuaded his victim to initiate a $50,000 deposit into an escrow account held by a registered attorney in Geneva, Switzerland. Yet the catch was that there was no loan. The $50,000 in escrow never made it back to the victim. When asked to provide a contact person at the Bank of Bahrain willing to corroborate his position at the bank, or any other central bank, Mr. Green declined.
Every financial institution in the world has a compliance department catering solely to the demands based upon them by FinCEN’s FATF initiatives. A request with FINRA did not produce any records of Mr. Green’s involvement in the financial industry. For a full list of documentation and further details, visit: https://www.scamguard.com/secure-platfrom-funding Fraudulent investment scams like the case described above are currently under investigation by the FBI. For a more detailed list of investment schemes and contact details please refer to the FBI Honolulu Field Office.
Mr. Green is currently operating through Secure Platform Funding, and is involved in multiple operations mostly listed in Nevis. Due to trouble with the Nevis Financial Services Regulatory Commission, Secure Platform Funding has moved operations to Marshal Islands. This move was declared after allegations surfaced around the company’s fraudulent history.