Beware of Overseas Investment Scams: A Lesson from a Recent Case
We often have clients come to us asking for advice on potential investments. Recently, one client shared an “investment opportunity” he was considering. The offer was presented to him in Nevada, but the actual investment program was based overseas. The “fund manager” assured our client that his money would be “blocked” in an account—meaning he would supposedly maintain full control and his money would “never be at risk” because it would never actually leave his account. The manager promised that the funds would remain safe, always accessible, and that our client would enjoy high returns without any exposure to loss.
Our advice? This was pure fiction. We explained that there’s no legitimate investment structure that works this way, with funds “blocked” yet invested, unless dealing with complex, highly secured financing arrangements involving hundreds of millions with prime banks—something that doesn’t apply here. We warned our client that these kinds of offers are classic scams and that promises of “no risk” while investing are a major red flag.
Unfortunately, the client chose to proceed, investing substantial amount of money with the fund manager. Just a few weeks later, he came back to us, realizing he had been scammed. His money was gone, and there was no way to recover it.
These kinds of scams are sadly common, and they don’t happen because people are foolish—they happen because scammers are smooth, persuasive, and highly skilled at making offers sound credible. Our advice to everyone is to steer clear of investment schemes that seem too good to be true, especially those promising “blocked” funds and “no risk.”
However, we also recognize there are good investment opportunities out there, so if you’re uncertain or have questions, don’t hesitate to reach out to discuss any offers before proceeding. We’re here to help you make informed, safe financial decisions.
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