Too Good to be True

chancesAreItsNot

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20 Replies - 1419 Views - Last Post: 23 October 2009 - 05:36 AM

#1 absynthe  Icon User is offline

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Too Good to be True

Posted 21 October 2009 - 07:39 AM

Internet scams are rampant.

My team lead came into the office today asking me to help her find proof that an online job offer was a scam. She got the offer after submitting her resume on YahooHotJobs. This is a copy of the offer itself which was sent to her by email:

Quote

We are happy to offer you the Financial Manager position.

My name is Linda Smith and I represent Index Group Inc.
We have looked through your resume and believe that your skills and past experience meet our basic requirements.

We provide a one month paid training period. During your training you receive online training and support. A personal supervisor guides your training. At the end of the training the personal supervisor makes the final decision whether to extend a permanent offer or not.

Your wage during the trial period is $2,300 per month plus 8% commission from each transaction. Total income, with the current volume of clients, will be about $4,500 per month. After the trial period base salary will be $3,000 per month, plus 8% commission.

Here are the job Requirements:
- 18 years of age or older;
- internet access to promptly reply to emails;
- availability by phone (1-2 hours a day)

Each Independent Manager is provided with employment benefits after successful
probationary period (30 days). The employment benefits include:

- Stock options;
- 401k;
- Flex-Time;
- Health & Dental;
- Professional development programs

You will find detailed description of the job following the link:

http://www.index-gro...x.php?page=r_98

We strongly recommend to read our FAQ:

http://www.index-gro...x.php?page=r_19

Details about our company you can find here:

About Index Group Inc. : http://www.index-gro...ex.php?page=r_1
President's word: http://www.index-gro...ex.php?page=r_3
Management Team: http://www.index-gro...ex.php?page=r_4

Some important facts:

1. You don't need to invest your own money to get started;

2. This is not a sales position. While employed with us, you are guaranteed a Base Salary as well as commission per task processed;

3. Each remittance will be accompanied by an invoice ensuring transaction legality.


Be sure and look at the Faq. Some of its details are interesting if you read between the lines. LARGE sums of money will be processed and Im sure banks would question it. The Faq addresses this confusingly(of course it is early and my coffee hasn't hit me yet :))

If its a scam its new. There's not much out there on the company itself. I did find one other person posting questions about Index Group Inc.

The big red flag for me and her was that they wanted her to open up an account to process the transactions (financial market transactions). But she said she could open up one with just a few dollars and if they got it "who cares". Its like I told her though: "They'll have your info"

Personally, I think the company is laundering money. Its a crafty way of doing it. I think her personal info probably wouldn't be stolen, but she would be the party that is laundering the money. It would be her account that was used and her name. I suppose she could argue ignorance of the law if ever caught.

I've looked into the company online this morning with little success. The one thing I did find was that "The Chamber Award" in 2004 appeared to be false and given to a Scottish Company that year, not Index Group. I want to find her hard evidence that this is all a scam. I've looked at some of the page's source and found some odd looking tags etc. I just didn't have time to look at all of it. I knew that if anyone could PROVE that this is a scam, it would be my friends here at DIC.

It looks to good to be true. In my experience that alone tells me something is up. If you guys could help out I would appreciate it. Find some proof for me :)

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Replies To: Too Good to be True

#2 xclite  Icon User is online

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Re: Too Good to be True

Posted 21 October 2009 - 08:03 AM

Definitely screams scam to me. A friend asked me to look into a similar idea. They probably just make money like you suggested - people say "So what if they have it." They get the initial sum, AND they have access to an account in your name.

Also, since a search reveals nothing about them, I'd bet they are entirely fake. No hard evidence, but like you said: If it's too good to be true, itProbablyIsNot.

This post has been edited by xclite: 21 October 2009 - 08:04 AM

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#3 supersloth  Icon User is online

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Re: Too Good to be True

Posted 21 October 2009 - 08:04 AM

it's not a new scam, it's called the money mule, it's pretty standard actually. they'll just have her open accounts in her name to make processing payments 'quicker'

http://en.wikipedia....wiki/Money_mule
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#4 absynthe  Icon User is offline

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Re: Too Good to be True

Posted 21 October 2009 - 08:15 AM

Sloth you are the Guru of knowledge :) Ive never heard of that.

Its amazing how legit it looks though. Check out their website and some of the links etc.

If it is the money mule scam would she be liable? There's no goods to be shipped like the mule scam, other than money transfers for the market. I dont think she cares to do it as long as she gets paid and doesnt get in any trouble.

View Postxclite, on 21 Oct, 2009 - 09:03 AM, said:

Definitely screams scam to me. A friend asked me to look into a similar idea. They probably just make money like you suggested - people say "So what if they have it." They get the initial sum, AND they have access to an account in your name.

Also, since a search reveals nothing about them, I'd bet they are entirely fake. No hard evidence, but like you said: If it's too good to be true, itProbablyIsNot.


Thanks for your reply!

This post has been edited by absynthe: 21 October 2009 - 08:13 AM

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#5 KYA  Icon User is offline

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Re: Too Good to be True

Posted 21 October 2009 - 08:24 AM

I generally find any job posting with improper English, even subtle flaws in spelling and/or grammar is a clear indicator of what's really going on.
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#6 absynthe  Icon User is offline

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Re: Too Good to be True

Posted 21 October 2009 - 08:24 AM

I did a reverse lookup of their phone and it comes back to Syracuse NY.
I did a Google Map Search of the location (3000 Erie Blvd E) in Syracuse and it came back to this:
3000 Erie BLVD E
The building looks like a China Buffet but may be the end of a strip mall? Also the age of the picture could be a question.
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#7 KYA  Icon User is offline

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Re: Too Good to be True

Posted 21 October 2009 - 08:25 AM

The job description is basically money laundering. Why would you want anyone to have immediate access to your bank account? :crazy:

edit: dammit this was supposed to be included on my other post.



Google maps ftw

This post has been edited by KYA: 21 October 2009 - 08:27 AM

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#8 absynthe  Icon User is offline

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Re: Too Good to be True

Posted 21 October 2009 - 08:27 AM

View PostKYA, on 21 Oct, 2009 - 09:24 AM, said:

I generally find any job posting with improper English, even subtle flaws in spelling and/or grammar is a clear indicator of what's really going on.


I know, I saw that even the Presidents Statement was kind of skewed abit. Thanks for the reply :)

Sounds exactly like money laundering to me too!

This post has been edited by absynthe: 21 October 2009 - 08:28 AM

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#9 supersloth  Icon User is online

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Re: Too Good to be True

Posted 21 October 2009 - 08:32 AM

the mule is always liable, that's why they need them in the scam, to take the responsibility. basically they are going to take a shit ton of money out of the accounts she opens in her name, disappear, the bank will realize the transactions were fraudulent and ask for the money back, and she will be responsible to pay them back.

it's basically like cashing a bad check
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#10 absynthe  Icon User is offline

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Re: Too Good to be True

Posted 21 October 2009 - 08:33 AM

So the transactions they set up for people to buy stock in her name will just be stripped after the first large deposit. I never thought in that direction but its completely likely.

This post has been edited by absynthe: 21 October 2009 - 08:34 AM

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#11 Gloin  Icon User is offline

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Re: Too Good to be True

Posted 21 October 2009 - 08:37 AM

And here I thought someone had finally invented the everlasting cake with infinitely many strippers inside.. :(
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#12 absynthe  Icon User is offline

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Re: Too Good to be True

Posted 21 October 2009 - 08:40 AM

:) Crazy ass!
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#13 Gloin  Icon User is offline

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Re: Too Good to be True

Posted 21 October 2009 - 08:42 AM

Hey, I'm entitled to have dreams, aren't I?!
I'm sure someone is doing research on it coz I can't possibly be the only man with this dream.

This post has been edited by Gloin: 21 October 2009 - 08:43 AM

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#14 Aeternalis  Icon User is offline

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Re: Too Good to be True

Posted 21 October 2009 - 08:43 AM

OK, I know it's not PROOF, but here is supporting evidence that it is a scam.

This is a website of a busted money laundering scam.

Notice the similarities in name, website design, broken english, and purpose.

They are probably working from a template.. changing the domain name and website details periodically.

here's the site that holds a screen capture of a previous site theat was probably built by the same people: Some Other Group Inc.

also if you do a websearch on money laundering scam including the keywords "Inc" and "Group" It will turn up LOTS of these previous websites all of the same template.

Also, the job offer letter from the scam is exactly the same letter that your friend received.. just scroll down on the page to see the letter.

Aet

This post has been edited by Aeternalis: 21 October 2009 - 08:49 AM

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#15 absynthe  Icon User is offline

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Re: Too Good to be True

Posted 21 October 2009 - 08:46 AM

WOW. Thanks for that reply Aeternalis!

FUCKING RUSSIANS.

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