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Smart Money Investments, Inc.


Country United States
State Alabama
Address (877) 573-5535
Phone http://www.sminvestmentsinc.com

Smart Money Investments, Inc. Reviews

  • Oct 28, 2015

Smart Money Investments Inc is just another front for a group of sophisticated cyber criminals. They have setup site after site, stealing money from investors; then vanishing without a trace.

They have previously been;

JS Funds (www.jsfunds.com)

Atlantis Capital Solutions (www.atlantiscapitals.com)

Versonce Asset Management (www.versonce.com)

Now with Smart Money, they have taken they have made an exact replica of a real financial site, to try and pass it off.

How the Scam Works

Smart Money Investments will ask investors to place a specfiic amount of money into escrow for the issuance of a SBLC or BG. However Smart Money controls the escrow account, and releases the money to themselves. By the time you find out what happened, the money has been wired overseas.

They are also careful to keep the amount stolen just below the radar of law enforcement such as the FBI. However the FBI has caught on to them and are now investigating based on the entire fraud.

How they Control the Escrow

They control the escrow in a few different ways. One way is that they actually contact a real escrow/paymaster attorney, telling them that they will be depositing funds into the account, then need to move them quickly out. They produce fake passports/documents, or even use the real clients to make it look authentic. This has happened to multiple attorneys in the USA and they hav all gotten into big trouble;

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