SBFP’s scam scheme is going on for two decades, however there are still lots of people are being scammed. Few day ago, I read an article about recent SBFP bank scam.
In this article, A person called to his friend and asked him that he need to cash a cheque of bank of Comoros Islands named Société Bancaire Fiduciaire Privée Bank (SBFP). His friend replied “It’s a scam bank” without wasting a second.
Then he told his friend that he opened an offshore bank account in SBFP bank. They took deposits in and then refuse to pay any funds out. So, he closed his offshore SBFP account and he got a cheque of Société Bancaire Fiduciaire Privée Bank, Comoros Islands.
This whole process only took 3-4 days to convince that guy and he had been scammed easily!
His story is the same as many others who scammed by SBFP bank’s executives.
There are lots of complaint and bad reviews available online about Société Bancaire Fiduciaire Privée Bank Scam but their executives are still scamming those peoples who are unaware about their fraud.
Well, let’s say that that guy scammed by SBFP because of his unawareness and lack of knowledge. In fact, he could find a lots of article of SBFP scam and complaints easily, If he just did google search about Société Bancaire Fiduciaire Privée Bank before transferring any money to their account.
Now question is that How to investigate about Société Bancaire Fiduciaire Privée Bank, Comoros Islands?
How to investigate the existence and reputation of the offshore bank
Let’s take a look at what my friend should have done to analyze the presumed bank:
- The website www.sbfprivee.com (incredibly still active) is done well, but not on the level of a bank; we can, however, find the website of the fake register of banks of Mwali Island, http://mwaliregister.com/list-of-entites, where we find a wide list of fake banks, fake insurances, fake brokers, fake gambling licenses.
- The site has the https but not the https EV (extended validation) that all banks and financial companies have, and which guarantees the existence and location of the company: if this is missing, start to seriously distrust it!
- He needed to control by calling the local financial authorities, which will never have a .com site. We can find it on www.banque-comores.km. In this case, the site doesn’t even the https, but don’t worry, the Banca d’Italia site doesn’t have .it, either. You have to go to France to find the https on the .fr site of the central bank and to America to find the https and the .gov (the Government site) on the Federal Reserve’s site.
- In any case, the Central Bank of the Comoros’ website, because of the amount of published documents and information, you can see that it’s authentic and, in fact, you just have to insert the word offshore into the search box and the document “La Banque Centrale des Comores lutte contre l’exercice illégal d’activité de banques offshores”, meaning: The Central Bank of the Comoros fights against the illegal practice of offshore banking activity. Only the banks that have a license to operate in the Federation of the Comoros Islands appear in the document
We can establish from this short investigation that’s not hard to start searching for banking scams, but it’s not easy, either, because scammers have evolved, they have a more attractive internet banking facade than some real offshore banks, increasingly more sophisticated websites and professional scammers ready to explain to you why their banking license is real.
Then, on a legal level, it’s difficult to attack them because they work with virtual addresses, virtual phones and who work with VPN from their own homes.
Therefore, it’s hard to establish where the crime has been committed and the reports, generally, end up going nowhere, also because many people don’t want to tell an authority that they have sent money (maybe even undeclared) to a supposed offshore bank.
Furthermore, the fact about the check that my friend commented on is very intelligent, since many jurisdictions allow cheque to be issued by a company and so, if the impossibility of cashing in on this debt claim can’t be proved, they will be unable to prove there was a scam.
In addition, you have to keep in mind that their strong point is ignorance (in the sense of lack of knowledge) and so they envisage fake banks, not only in the Comoros but also in other under-developed countries like Vanuatu, Somalia, etc., all little-known countries, with poor communications and uncooperative officials.
Check sbfprivee.com complaint review HERE!
Be Aware of SBFP BANK SCAM!!