will i get into trouble by investing a non-U.S citizen

[yanshido]

What is the name of your state?virginia


I would like to know if i would get into trouble helping a gentleman from the UK in investing his money here in the U.S he has paid for everything to make a transaction into my bank account then he said he would come down for a investment plan and he is putting me incharge of all of his money.Now i am wondering what my bank will say if this large amount is wired into my account. He even sent me a affidavit of beneficiary with my name on it do i show that to my bank or what. He said that the taxes would be taken out before the transaction and he would take care of everything and i would not get into trouble of any kind plus he offered me 12% the sum of the funds he is sending is US 18.5 million.

 

[Shay-Pari'e]

How old are you? This is a scam, and you need to have no further communications with this guy.

You will be broke when he is finished with you.

 

[20kMBA]

What is the name of your state?virginia


I would like to know if i would get into trouble helping a gentleman from the UK in investing his money here in the U.S he has paid for everything to make a transaction into my bank account then he said he would come down for a investment plan and he is putting me incharge of all of his money.Now i am wondering what my bank will say if this large amount is wired into my account. He even sent me a affidavit of beneficiary with my name on it do i show that to my bank or what. He said that the taxes would be taken out before the transaction and he would take care of everything and i would not get into trouble of any kind plus he offered me 12% the sum of the funds he is sending is US 18.5 million.

Yes. The Patriot Act (is that ever a misnomer) gives the goverment the authority to stick its jackboot straight up your ass for acting on the behalf of a foreign national prohibited from investing in US-based securities. Additionally, section 314 (b) of the Patriot Act states your financial activites can be investigated by law enforecement and you have no legal authority to know any investigation has taken place or the outcome of said investigation. Even if you issue a subpenoa (sp?).

You will also be subject to civil proceedings (getting sued) by the broker-dealer for fraud, misappropriation or whatever else they can think of.

In short: don't do it unless you aren't afraid of going to prison. If this guy is blocked from investing in US securities, there is a decent chance the government has a legitimate reason. As it stands now, the SDN and realted tools are being used to limit the financial activities of domestic and foreign criminals; at least until they start using their authority for political oppression (which will happen in the next 10 years, if not sooner).