Investment

Bigfrank_2

My relitive is an illegal imigrant in America. He had a serious accident for which he was insured.He has hs insurance claim money in a large bank in new York and wishes to invest a very large sum in the banking system in GB for the security. He wishes to obtain at least 3.5 % interest each year on his capital investment which must remain secured.I would be very grateful if you could advise as to how he can complete these transations whilst remaining in America.
He currently has savings accounts in Bank and Post office here. His passport still has his mother and fathers adress were they still live and to which his bank statements are still sent.
Is it possible for him to open savings accounts in other Banks and building societys without him leaving America.If it is possible the money would be eletronically transfered from his Bank in America legally and above board to any new account.Please help

dunstonh

Yep. That is really going to be possible.

This is a money saving site. Not a how to commit fraud site (although some sections of the board can sometimes look like it )

Loughton_Monkey

Here's what he should do.

1. Draw the cash out of his USA account in used $10 notes.
2. Brush them off well to remove all traces of cocaine (sniffer dogs, you know), parcel them up, and send them by mail to a PO Box number that I will supply.
3. I will open an account in my own name with the money on his behalf.
4. If he wants withdrawals, statements, etc. then a quick letter to the same PO Box will get the response it deserves.

Failing that, I could forward him several e-mails from Nigerian gentlemen who seem to be well versed in sending money across International borders.