Tesco 7.622% Bond

Nebulous2

jaypers said:

walkthelakes said:

I have reported it as a potential scam but can assure you that it is a very convincing set of documents. Just the odd slip that I am sure most would not pick up on.
Perhaps this needs some alert to be issued?

Sorry but it’s an obvious scam, just based on the headline rate alone. Numerous red alerts reading your OP alone. But I guess to many these are in fact convincing and sadly why so ,any people lose their hard earned cash. Penalties for these scammers should be for harsher IMHO.  

I get the impression they are rarely caught. Where they are identified it is as a corporate identity, rather than accountable individuals.

I subscribe to the Kenny Rodgers philosophy:- 

You got to know when to hold 'em
Know when to fold 'em
Know when to walk away
And know when to run. 

This is a 'run' time for me.  

walkthelakes

No personal details provided other than email they already had plus unfortunately my mobile number.
can just add this one to the ever increasing scam email’s, texts and calls everyone is receiving unfortunately.
Really needs some proper intervention and prosecutions.

walkthelakes

The form they emailed asked for the usual Id and bank details to ‘open’ an account at Citi and meet money laundering rules.

boingy

Google hits this:

International bonds: Tesco, 7.6227% 13jul2039, GBP (XS0425412227) (cbonds.com)

subjecttocontract

If it seems to good to be true then it probably is !

Money_Grabber13579

The problem now is that a 7.6% corporate bond is no longer automatically in the realms of too good to be true. When interest rates were 0.1%, it would have been but that’s no longer the case. The biggest flag here for me is that someone contacted you and tried to sell it to you.