Complaint Review: KuwaitFunds.org - Safat Internet

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, <[email protected]> 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, <[email protected]> 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: [email protected]

>> ,

>> >> 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, <[email protected]>

>> >> 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

>> >> >> > [email protected]

>> >> >> > www.kuwait-fund.org