Costello runs off a scam blueprint patented in the mid 2000s by another scammer. Read this and see the similarities. Costello had a teacher. Reading this you have to love the Chinese or Ukraine bank.
Of course GRNF has a road map from another Hall of Fame Fraudster
General Information
Funding commitments programs will be provided as specified and agreed by contract.
And Standby letters of Credit, Bank Guarantee, Documentary Letter of credit, Top 25 banks.
Rating of Banks:
To secure the credit from a bank or a financial institution you have to provide a bank instrument ( bank guarantee or a SLC ), will have to be negotiable, issued by a first class European or North American Bank, rated min. AA- by S & P or Moody's maturing within one year.
Volume:
Minimum / Maximum: Transactions from US$ 5,000,000.00 to US$ 100,000,000.00 are acceptable ((Special accounts)).
The banks / financial institutions require that you open an account with them. Forms will be given to you.
Fees:
We can offer commitments and Standby letters of Credit, Bank Guarantee, Documentary letter of credit. FEES (6-15% PER ANNUM) 5-100MILLION.
SBLC and BGs as following:
Validity of
commitment German Bank
European Bank
or Financial Institution
inside Europe Bank or Financial
Institution
outside Europe
15 calendar days 2,25 % 1,75 % 0,75 %
30 calendar days 2,50 % 2,00 % 1,00 %
1 year 4,00 % 3,50 % 2,50 %
Payment of fees:
No deferred payments are possible. We are not willing to enter any Joint Venture arrangements or change any of these conditions.
Payment arrangements:
The payment of the provision can be made as follow:
a) in cash
b) You open an irrevocable confirmed letter of credit for the provision, payable in CHINA or the Ukraine. For payment will only be made through the bank after presentation of bank commitment.
c) You place the fees that will be due within an escrow account, controlled solely by a US lawyer acting as trustee and stake-holder ( escrow agent ) for both parties. The release of funds will be after we have provided our service only. However, you will have to place funds on deposit prior the provision of our service.
We prefer payment version b)
Security / Confidentiality
Very strict security precautions are taken at all times. Any inquiries with the issuing bank or financial institution must come from an authorized banking entity. There are no restrictions on inter-bank communications.
Application for the provision of our service
This has to include your full name and address, a clear copy of your passport ( page with picture only ), your confirmation as to the immediate availability of the arrangement fee in cash, prior the start of the transaction. ( See specimen attached )
Meeting:
A personal meeting is arranged in USA (Insert California, Washington). All aspects of the transaction are cleared for both parties.
Principal- & Escrow Agreement:
The contractual documentation is negotiated in the line with your suggestions, agreed and set up with your specific requirements
Emission of funding instruments:
Upon receiving either cash, an irrevocable confirmed l/c or a confirmation from the escrow agent stating funds are secured for the transaction, the confirmation
