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Promissory Note: Intended for Someone Else (1 Viewer)

chet

chet

Footballguy
Recently I received an email from a third party asking me to complete some documentation related to my retirement from a company.  I am retiring so I proceeded to complete it, signed the docs electronically and received executed docs back from them saying they would pay me a 6-figure sum over the next 4 years. 

I thought it was related to some compensation program through my current employer but while I was on the phone with HR earlier today, they were all perplexed and had never heard of the program or company before.  It appears the third party emailed me in error and the $$ was meant for someone else with the same name.  I have no idea how they got my email address at my work because our companies are not related.

Are they on the hook?  I have a promissory note and payment schedule signed by their CFO.  It's a pretty big #### up on their part.

 
Jayrod said:
Oh, come on!
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100% serious.  I was :shuked: when the HR people said they had no idea what I was talking about.  I forwarded them the emails I received and they said it didn't conform to any kind of phishing scam they'd seen before. 

Just for ####s and giggles, I am going to forward these docs to my lawyer to see what he says. 

 
I don't get how a promissory notes comes into play with retirement.   You didn't give them any bank account information did you?  You sure they are not trying to scam you?

 
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IC FBGCav said:
I don't get how a commissary notes comes into play with retirement.   You didn't give them any bank account information did you?
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They have instructions to deposit $ into my account.  I have checked their website and confirmed that the person who contacted me works there.  I know it's a legitimate business.

 
They can withdraw as easy as deposit with those numbers.   Hopefully you didn't sign something giving them access to withdraw from your account.

Check the company on the BBB or google.

 
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A promissory note is a type of debt that investors can choose to invest in. Sometimes, companies will issue notes to individual investors as a way to raise money for the company. However, before investing in a promissory note, you want to make sure that you are not dealing with a scam. Here are a few signs of a promissory note scam.

1. Contacting You

Most individuals that choose to invest in promissory notes do so after seeking them out. You can sometimes locate these notes after doing a fair amount of research and finding a company that is offering them. However, many scams involve a salesman coming to you and asking if you want to purchase a note. If you receive a phone call or someone comes to your house asking you to buy a promissory note, you are most likely dealing with a scam artist. Get their information and report them to the authorities, if possible. Anyone that is actively trying to sell you a promissory note is probably trying to take advantage of you.

2. Registration

When you are looking at a promissory note, you should make sure that it is registered with the SEC or with your state securities regulator. Most legitimate promissory notes are going to be registered with one of these two entities. Promissory note scams will obviously not be registered with either one of these. While this is not a foolproof way to separate the scams from the legitimate offers, it is a place to start. If the salesperson tells you that this promissory note is not a security, you should be very skeptical about doing business with them.

3. Licensed

Most promissory notes are considered to be securities. In order to sell securities, you must be licensed to do so. Therefore, unless you are licensed to sell securities, you should not be trying to sell promissory notes. If someone is trying to sell you a promissory note, you need to ask them if they are licensed. If they cannot provide proof that they are licensed, you need to avoid working with them.

4. Risk Free

Many con artists will try to sell you on the idea of a risk-free return. In reality, nothing is risk-free and you should keep this in mind when someone is telling you otherwise. If someone is mentioning how this promissory note is a risk-free investment with a huge potential return, the scenario is most likely too good to be true. Many times these sellers will tell you that a promissory note is guaranteed or insured in some manner. This is very unlikely and many times you will be dealing with a company that does business outside of the United States. If this is the case, you should be very skeptical about your chances of ever seeing your money again if you give it to this individual.

 
IC FBGCav said:
They can withdraw and easy as deposit with those numbers.   Hopefully you didn't sign something giving them access to withdraw from your account.
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I understand but by the same notion, anyone who has one of your checks has the same info.  The CFO name matches what's on their website and the last part of the email address opens their website.  I also called their main switchboard number and was connected to the person who emailed me.

 
chet said:
I understand but by the same notion, anyone who has one of your checks has the same info.  The CFO name matches what's on their website and the last part of the email address opens their website.  I also called their main switchboard number and was connected to the person who emailed me.
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But you signed stuff, did you read the fine print?   Probably nothing but I would monitor things and would be vetting that company.

 
I haven't read the documents, but I can pretty much guarantee that they don't owe you money that isn't yours.

Frankly, there are enough major red flags that tells me that you either were scammed, or that you knew from the beginning that they sent it to you in error and are leaving out info in your story.

 
I for one welcome the new Chet who will steal the identity and FBG account from the old Chet. 

 
chet said:
Recently I received an email from a third party asking me to complete some documentation related to my retirement from a company.  I am retiring so I proceeded to complete it, signed the docs electronically and received executed docs back from them saying they would pay me a 6-figure sum over the next 4 years. 

I thought it was related to some compensation program through my current employer but while I was on the phone with HR earlier today, they were all perplexed and had never heard of the program or company before.  It appears the third party emailed me in error and the $$ was meant for someone else with the same name.  I have no idea how they got my email address at my work because our companies are not related.

Are they on the hook?  I have a promissory note and payment schedule signed by their CFO.  It's a pretty big #### up on their part.
Click to expand...
You know the answer here.  They will send you checks.  The real party will figure out soon enough that they didn't receive said checks, then you will be in court.  If you were destitute it may be a good scam but we all know you are not so it is not worth the PIA it will cause.  Do the right thing and alert the company of the error.  

 
sbonomo said:
You know the answer here.  They will send you checks.  The real party will figure out soon enough that they didn't receive said checks, then you will be in court.  If you were destitute it may be a good scam but we all know you are not so it is not worth the PIA it will cause.  Do the right thing and alert the company of the error.  
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I actually did earlier today--that was the only omission in this thread on my part.  The woman was :shuked: and said she'd cancel the paperwork.  I wouldn't be surprised though if I got a wire next year per the schedule. 

 
Keep the money and report the follow-up details of the fraud charges/case. This board sucks so bad lately, a good state vs. Chet for committing Grand Larceny thread would be entertaining. 

 
chet said:
I actually did earlier today--that was the only omission in this thread on my part.  The woman was :shuked: and said she'd cancel the paperwork.  I wouldn't be surprised though if I got a wire next year per the schedule. 
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hahaha...how does a rich guy stumble into money from another rich guy.  Sounds like this could be come a major PIA  :lmao:

 
One of the women from HR "took the liberty" of forwarding the email to our corporate security team.  They concluded it wasn't fraudulent and did not attempt to download malicious code to my computer.  :lol:

 
Next week on I'M RICH, WOES ME:

"I'm so upset my winning lottery ticket got wrinkled - what should I do?  If I place it on the engine of my Ferrari, do you think it will straighten out?"

Followed by the premiere of TINY HOUSES - THE 12,000 SQUARE FOOT EDITION

 
Hey, this is your reason to finally visit Nigeria.  Please say hello to the person who called you, for me. 

 
IC FBGCav said:
:thumbup:

Cool now I can get back to this big deal I'm about to close.   Lucked into this Nigerian Prince, he emailed me and is basically giving away millions.  :boatloads:
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It was a while ago, but I seem to remember that he bought an AMG Mercedes and then someone jumped on the board to tell him it wasn't an actual AMG tuned car but just the body kit.

 
chet said:
Recently I received an email from a third party asking me to complete some documentation related to my retirement from a company.  I am retiring so I proceeded to complete it, signed the docs electronically and received executed docs back from them saying they would pay me a 6-figure sum over the next 4 years. 

I thought it was related to some compensation program through my current employer but while I was on the phone with HR earlier today, they were all perplexed and had never heard of the program or company before.  It appears the third party emailed me in error and the $$ was meant for someone else with the same name.  I have no idea how they got my email address at my work because our companies are not related.

Are they on the hook?  I have a promissory note and payment schedule signed by their CFO.  It's a pretty big #### up on their part.
Click to expand...
You signed a bunch of paperwork from a third party for a retirement program you weren't sure about?  I thought you were a bit more sophisticated than that in terms of business acumen. 

 
Koya said:
Hey, this is your reason to finally visit Nigeria.  Please say hello to the person who called you, for me. 
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And while you're there, can you pick up a package for me? I received an email stating that I had a package containing $70M at the international airport. I'm not happy that they opened and looked in my package to begin with. So if you could swing by and pick it up, I'd save the $105 they want for the release form and really stick it to them!

 
bigbottom said:
You signed a bunch of paperwork from a third party for a retirement program you weren't sure about?  I thought you were a bit more sophisticated than that in terms of business acumen. 
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When I signed it, I thought it was meant for me.  Clearly, I was wrong but I think I remedied the situation appropriately.

 
jon_mx said:
The entertainment value would have been much better with the unethical route.  Not sure what Chet was thinking.  :kicksrock:
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I was being facetious since it appeared early on that he signed it and was checking the legality of his rights to the money.  :unsure:

 
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