Complaint Review: KuwaitFunds.org

Wanted to see how far this company would take their scam. After issuing a generic Letter of Intent (after now questions about financials, etc) the company agreed to loan $56 Million. Of Course for a nominal processing fee of $9700 to be wired to a Dubai bank account. Email trail to follow:

Mr. JP.

All processing fee/s below AED 257,100, equivalent to about $70,000USD,
will be paid into the stipulated bank account details below.

ACCOUNT NAME: OLIVER JAMES LEWIS
BANK NAME: COMMERCIAL BANK OF ABU-DHABI
IBAN: AE150030010125809132001
SWIFT CODE: ADCBAEAAXXX
BANK ADDRESS: KARAMA BRANCH
DUBAI U.A.E.

Your processing fee is AED 35,630, equivalent to $9,700USD, you should use the above given bank account details for payment of your loan processing fee/s, you should send to us a scanned copy of the payment slip as to enable us proceed with the needful. 

You should also furnish us with the information/s as directed by Mr. Abdulwahab Al- Bader, of our Kuwait headquarters, your bank account details etc as to enable us proceed with your loan release process immediately on the reflection of your processing fee/s into the given bank account details.

Ms. Bint Adawiyah Al-Falasi.
DUBAI OFFSHORE OFFICE, OFFICE 47, 33RD FLOOR, BURJ KHALIFA TOWER, SHEIKH
MOHAMMED BIN RASHID BLVD - DUBAI – UNITED ARAB EMIRATES.
TEL: +971-4-271-16-75 FAX: +971-4-896-723-69


> Send me your wiring instructions for your bank in Dubai and let me know
> how
> much it is you are expecting for the processing fee.
>
> *JP*
>
>
> On Wed, Jul 16, 2014 at 1:53 AM, <kuwaitfundsdxb@kuwaitfunds.org> wrote:
>
>> Mr. JP.
>>
>> With all due respect sir, this is not the best way to address a message
>> to
>> someone or organization/s, moreover our organization is the one offering
>> a
>> loan to you, so you are not in the right position to detect for us when
>> to
>> pay and when not to pay Mr. Harold, for his service/s.
>>
>> For your information/s we are not demanding for the origination fees at
>> this stage, as that is likely to be negotiated at the point of closure
>> meeting, as you applied for a huge loan of $56Million USD.
>> A date will be fixed for a face to face meeting for closure in any of
>> our
>> office/s of your choice, either in London, Kuwait, Qatar, India, and
>> Pakistan, Indonesia or here in Dubai United Arab Emirates.
>>
>> Regarding your request for a bank verification of deposit, how possible
>> do
>> you think that request could be when you have not even taken care of the
>> necessary processing fee of your loan approval? If you are in doubts
>> about
>> the legality/existence of your loan fund approval, I suggest that this
>> is
>> the right time for you to withdraw your application request with our
>> organization, and we will terminate your approved request and make it
>> void
>> and annulled.
>> But in a situation whereby you are still willing in getting the loan
>> fund
>> released to you, you should get back to us with the necessary
>> information’s as instructed by Mr. Abdulwahab Al- Bader, of our Kuwait
>> headquarters.
>> Before any further process could take effect regarding release of your
>> loan, the processing fees has to be taken care of by you, if you find
>> any
>> loan company or organization that will process your loan release without
>> the prior payment of the processing fees, then you should apply for a
>> loan
>> with them.
>>
>> Ms. Bint Adawiyah Al-Falasi.
>> DUBAI OFFSHORE OFFICE, OFFICE 47, 33RD FLOOR, BURJ KHALIFA TOWER, SHEIKH
>> MOHAMMED BIN RASHID BLVD - DUBAI – UNITED ARAB EMIRATES.
>> TEL: +971-4-271-16-75 FAX: +971-4-896-723-69
>>
>>
>> > Standard loan origination fees are taken out upon closing. I would
>> assume
>> > that this is also the time Harold would also be paid.
>> > I will be glad to provide a bank account etc. I would ask for the
>> > following: a Verification of Deposit showing good funds and the wiring
>> > instructions to your bank in Dubai. I will have my attorney draft an
>> > Escrow
>> > agreement.
>> >
>> >
>> >
>> > *JP*
>> >
>> >
>> >
>> > On Tue, Jul 15, 2014 at 6:25 AM, <kuwait-funds@kuwaitfunds.org> wrote:
>> >
>> >> Attn: Mr. JP.
>> >>
>> >> Sequel to your mail with the signed letter of intent, it’s hereby
>> >> advised
>> >> that you contact with our regional office in Dubai, United Arab
>> >> Emirates,
>> >> where your approved loan fund will be remitted to you, you should
>> >> contact
>> >> with them through this E-mail address: kuwaitfundsdxb@kuwaitfunds.org
>> ,
>> >> attach a copy of your international passport, Driving License or any
>> >> valid
>> >> copy of your identification card, as well as a copy of your
>> company’s
>> >> certificate of incorporation, you should also include your bank
>> account
>> >> details where you want the loan fund to be transferred in.
>> >>
>> >> You should also inquire from them about how to offset your approved
>> loan
>> >> fund release processing fee as well as the amount required for the
>> >> processing of the approved amount of loan you applied for.
>> >>
>> >> I have forwarded to them all the vital documents for their perusal.
>> >>
>> >> Thanks.
>> >> Mr. Abdulwahab Al- Bader.
>> >> For Kuwait Fund for Arab Economic Development, Mirqab Mubarak
>> Al-Kabeer
>> >> St.
>> >> Kuwait City P.O. Box 2921 Safat 13030 Kuwait State of Kuwait.
>> >> Tel/Fax: (+965) 22999000
>> >>
>> >>
>> >>
>> >> > *JP*
>> >> >
>> >> >
>> >> > On Sun, Jul 13, 2014 at 12:45 PM, <kuwait-funds@kuwaitfunds.org>
>> >> wrote:
>> >> >
>> >> >> Hello Messrs. JP/Harold Lane Jr.
>> >> >>
>> >> >> Subsequent to the mail we received from our affiliate office in
>> >> London,
>> >> >> concerning your second loan request, the board of directors of our
>> >> >> management have reached a conclusion that your second loan
>> >> application
>> >> >> would not be granted for now, until after the reflection of your
>> >> first
>> >> >> approved loan application.
>> >> >>
>> >> >> And as regarding your mail to our approval department attached
>> with
>> >> >> endorsed copy of the loan approval letter, find here attached with
>> >> our
>> >> >> organization’s letter of intent for your perusal and
>> endorsement,
>> >> you
>> >> >> should sign and return to us for proper documentations and further
>> >> >> procedures to your loan fund release.
>> >> >>
>> >> >> Allah hafiz.
>> >> >>
>> >> >> Mr. Abdulwahab Al- Bader.
>> >> >> For Kuwait Fund for Arab Economic Development, Mirqab Mubarak
>> >> Al-Kabeer
>> >> >> St.
>> >> >> Kuwait City P.O. Box 2921 Safat 13030 Kuwait State of Kuwait.
>> >> >> Tel/Fax: (+965) 22999000
>> >> >>
>> >> >>
>> >> >> > Attn: Mr. Al- Bader,
>> >> >> >
>> >> >> > Good day sir, please find attached here with documents for
>> Halifax
>> >> >> project
>> >> >> > finance from our client.
>> >> >> > We look forward to your considerations and possible approval of
>> >> their
>> >> >> loan
>> >> >> > request.
>> >> >> >
>> >> >> > Best Regards.
>> >> >> > Wellford Andersons.
>> >> >> > +44-77-000-308-40
>> >> >> > Partner.
>> >> >> > Kuwait Funds for Economic Development UK.
>> >> >> > 4 Linkside, London, Greater London N12 7LF
>> >> >> > United Kingdom.
>> >> >> > Skype ID: wellford.andersons
>> >> >> > wellfordandersons@kuwaitfunds.org
>> >> >> > www.kuwait-fund.org