The Full Story Analysis

Why do i say that International Progressive Finance as runned by Andre Currie is a 100% scam?

Let me start with the story of how i started with International Progressive Finance and how i finally 100% concluded that International Progressive Finance as runned by Andre Currie is a scam

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I am a project owner looking for project funding, and i myself got to International Progressive Finance (IPF) because i got referred to them by a funding broker in US. I am not sure and have not verified too if my broker is intentionally involved in this or if he does get commission from International Progressive Finance for every person that successfully got scam or not. Regardless, it is not very important.

The first email from International Progressive Finance to my broker that was being forwarded to me was:

This is to inform you that we are currently offering 100% funding with no fees upfront to the client. Courtesy of our insurer that has decided to provide credit insurance to all new clients. This is a onetime offer in accordance to their promotional offer. Minimum loan amount is $500k. To initiate the funding processes, we would request for the executive summary of the project for review and placement.
Note that the project must first be approved by the lender and all documentation must be completed before you would be referred to the insurer.

No upfront fees? Wow, that sounds to be very good, so i sent in all my project papers. 14 days after that, my broker informed me that my project has been approved. The approval letter from International Progressive Finance is as follows:

In addition to this, my broker was also informed by International Progressive Finance via this email:

Dear Sir,We fund the approved loan upon having an insurance policy from one of our management board recommended accredited insurers underwriters.1. The accredited insurance underwriters risks examiner said that they will cover the borrowers on credit. We first thought that it will be a total and complete free no-premium payment.2. The credit insurance means that borrower will not pay the premium as such, but will only pay the government tax revenue to enable them obtain the fidelity guarantee TIN tax identification number reference.3. The insurers are going to go to the Board of Internal Inland Revenue and ask the borrower to pay only the tax revenue. The government inland revenue board must give the insurance underwriters a TIN for them to enter it in the policy.Kindly inform the borrower that they are required to pay the government revenue tax to enable the risks underwriters examiners to obtain the tax receipt and the TIN for the issuance of the loan insurance policy.Thanks.Andre Currie.

  There is an attachment to this email, as follows:

So my broker asked me: 

Please let me know if you want to proceed to get the funding for your project. If so, then the funder (International Progressive Finance) said that they are ready to provide a Guarantee Deed (contract guarantee) that they shall irrevocably fund the project when the have received the insurance policy. They will give a time/ date schedule for when they will fulfill the loan disbursement funding. They will also assure you that you have the right to ask for a refund of the paid money if the insurers underwriters examiner does not surrender their loan insurance policy on time. Please let me know by Monday, Month xxx Date xx. This funder received close to 600 requests for this offer, so they need to quickly know which applicants are going to want to receive the money.

My response was as follows:

Have you ever closed successful deal with International Progressive Finance Inc? and can you provide me references for that?
What is the investor profile? What are the projects that it has funded?
A company dealing on this level of huge funding should have a corporate history that would leave trails on the web and news, however, i cannot find it. Does the funding company has corporate website?
How do we authenticate that International Progressive Finance Inc is a genuine funder and does really have the capability to fund USD 150,000,000 (which is very big)? Is the funder company able to provide to the potential clients POF of its financial capability (at least for the amount of loan requested by the client)?
If we cannot confirm the financial capability and the track record of the funder, then how are we supposed to be comfortable paying out expenses for the process? We need to study and do due dilligence on the investor first before paying out anything.
Thank you

My broker responded to the above as follows:

Mr xxxxxx, as I first told, you, this was a first-time promotional offer. This funder received close to 600 requests for this offer. I personally submitted eight requests, and only three of them have been approved.All you need to do for now is indicate that you would be willing to pay the initial tax cost, which is less than 2% of the $150M you are requesting. You don't have to send the money in now.
If you indicate this, the next step should contain further information to allow you to make a final decision. That may allow you to do your further due diligence.

So i said ok, if we don't have to send in the money now then we should proceed further first. I told my broker that we will decide to pay or not afterwards after we have done our due dilligence on the funder.

Several days later, i got the draft copy of irrevocable guarantee deed agreement issued by International Progressive Finance. It describes the interest rate for the funding, the disbursement process, etc. (You can view the document HERE). I do not take any importance in this matter because due dilligence process has not even been done.

In the next email, my broker informed me that he has asked Andre Currie at International Progressive Finance regarding my questions, and he received the information as follows from Mr Andre Currie:

· International Progressive Finance Inc has completely and successfully completed both project funding and loan disbursement funding.· References can be provided (Note: I will send these separately)· The confirmable references we shall disclose will speak for themselves, and stand as proof irrespective. It is confidential but provided for your client's purpose.· Our management team will be coming together before the commencement of your project investment. Our meeting with you shall all take place with our supervisors. We have our Spain refinancing investment unit, which will reconfirm the project fund sum completion.· Our investment deposit/interest account has the availability cash capacity funding of such a project investment loan. The statement sheet shall serve for proof.· The risk insurer examiner underwriters stated that the borrower has a fundamental right to ask for full refund and return of his paid premium or revenue tax. It is also allowed in tax law. This is a Tax Refund; the return of paid taxes when the services are not rendered and when legally ordered to return such paid taxes.

The next email forwarded by my broker provides for the references of International Progressive Finance Funding:

1. Liquefied Natural Gas (LNG) we funded this particular project in West Africa and it took us Two Hundred Million Dollars. (US$200,000,000.00) it is a multinational Gas Refinery in oil rich West Africa we were not the only financier firm that partook in the project because of the mega capacity. See Reference Details Below :- Project Name:- LGN Liquefied Natural Gas Plant. Chief Executive:- Engr. Maxwell Telephone:- +234 7033017675 Date of funding completion:- 2nd May, 2000 Project Contribution cost:-USD200,000,000.00 (Two Hundred Million United States Dollars) Project Address:- Bonny Ocean Side location. Post Code:- No. 12 Mitama Asokoro Villa River State Niger West Africa. Spain Hotel Project:- See References Details Below. New CASTLE HOTELS&RESORT Project Cost:- EUR30,000,000 (Thirty Million Euros) Project Location:- Elche Spain Chief Executive:- Mrs Servilla Ramos Telephone:- +34-911-534-001 Date of project funded:- 7th March, 2004 Project location:- Elche Address:- Avenida de la Hispanidad 2-4, Elche, 28042, Spain. Manchester City Hotel Project See reference details Below. Marriott Hotels & Resorts Location & Address:- Worsley Park Manchester, M28 2QT England. United Kingdom Project Value cost:- GBP29,000,000.00 (Twenty Nine Million Pounds) CEO:- Arne Sorenson and Mr. Kent Camron Telephone:- +442079500845 Date Projected was funded:- 10th October, 2005. In the recent year 2010 – 2012 we have maintained pure on individual and corporate lending because on the Power Plant Energy Investment which we are currently handling both in Dubai and Turkey it is a PPP project awarded to us and we currently lost the one we were doing in Egypt. Andre Currie Admin Loans.

However i am very aware that these kind of verification is not at all legitimate. We cannot just verify via phone what a person claims to be without meeting the people in person and do complete check. If just mere phone to phone, anybody can impersonate anybody. Mr Andre Currie would just have to ask several of his accomplices to take place pretending as project owners with imaginary large projects if they receive any call from me or my company. Therefore i do not waste any of my time calling any of the person in the above. You can if you want to, but i don't see any point of doing so unless you can differentiate and authenticate if the person in the phone is really talking 100% truth about his project or even about his own identity.

I informed my broker regarding the above that references alone would not suffice me to do proper due dilligence, so i request to my broker that International Progressive Finance should send us bank-issued POF. Also i asked for International Progressive Finance Registration Number so that i can further re-check.

Meanwhile, I also again asked my broker if he has ever closed successful deal with International Progressive Finance and if the knows this institution from a legitimate trustworthy source or not.
My broker does not respond to that question above. Instead he said that i should contact Andre Currie directly. He is at quickenloansexpert@yahoo.com. My broker said that as Mr Andre Currie has stated, he is affiliated / associated with Quicken Loans. With the article of memorandum of establishment of Quicken Loans, they are not permitted to have an external or international branch.  It is a domestic-based loan file. That is the reason they cannot establish an external finance unit or even cash center,  because it is barred by the incorporation law.

(I have not contacted quickenloans directly and check if they truly are associated with Mr Andre Currie or not as Mr Andre Currie claimed to be. You may do this additional verification if you would like by contacting Quickenloans at its official website here. If you got result, please notify me so i can have more data)

So i contact Mr Andre Currie directly and sent him this following email:

I have got your contact from Mr xxxxxxx (my broker name).We are still on due dilligence and need some information to be provided by you:1. We cannot find references regarding the new credit loan insurance tax law that is referred earlier by Global Insurers Underwriters Ltd. We have never heard of them and never encountered such tax law before. Please specify to us a copy of the law that stipulates such clause.2. To which/whose bank account are we supposed to pay the insurance tax to?3. Do you represent Progressive International Finance or do you represent Quicken Loans in this particular case of funding? What is your relation with the two companies? How are you associated as? What is your role?4. Please provide us with Progressive International Finance Company Registration number5. Please send us a bank issued Proof Of Fund from Progressive International Finance so that we can verify that the company currently has enough fund to allocate into our project. Thank you

His response is as following, and for ease, my next response to his response is in blue

A bank-issued POF to show you have the money to fund his and other projects.We are ever ready to provide the borrower (Mr. xxxxxxxxxx) the Project investment statement of account which has and contained the sufficient fund to leverage the One Hundred and Fifty million United States Dollars project loan. That is the POF that shall be issued.Mr. xxxxxxxxx please kindly confirm your acceptance of this point One offer
---> Yes, we accept point one offer. Please issue us the necessary POF

More information on the references -- he said he was not able to verify anything.The references we gave are moderately substantial. Mr. xxxxxx, unless you want our management team that will be coming after first percentage disbursement Funding who will be touring to other funded borrowers and projects to tour with you for your confirmation.Or do you want us to attach there loan approval letter to you and there loan assignable certificate and there approved remittances? Mr. xxxxxxxxx please kindly confirm your acceptance of this point Two offer
---> Actually i was not referring to previously funded borrowers references. I was asking about the new credit loan insurance tax law that is mentioned earlier by Global Insurers Underwriters Ltd in its formal letter. For your clarity, please see the formal letter from Global Insurers Underwriters Ltd as below. Please send to us a copy of the new tax law that stipulate such requirement. Secondly, yes we accept point 2 offer, if certificate and approved remittance to previous projects can be made available to us, we would like to see them, it would surely be helpful in our due dilligence process.

Your company registration number. Our firm registration is not questionable we have its reference number which we are still willing to give out for the sake of our accredited agent Mr. xxxxxxxx (my broker) if not we do not accord borrowers such undue privileges. We stated it clear that we do not coerce borrower to borrower from us. Borrowers have every right to go for their loan anywhere they want. We do not beg them at least it is one of the standards we have maintained. Mr. xxxxxxxx please kindly confirm your acceptance of this point Three offer. ---> Yes, we accept point three offer. Please send to us your company registration number
A valid, working website:- We have explained this problem previously and we have notified the web master to come and readdress this web search engine problem you have complained of. We think it will not be a hindrance. What more, after the proofs we think it has cleared the web search engine problem. Mr. Johnny Lone please kindly confirm your acceptance of this point Four offer.---> Website issue is not a hindrance and major problem to us, though it would be helpful if there is, please notify us your website address if there is.

In Mr xxxxxxx' s case, you are asking for $285,000.00 which is a lot of money.Mr. xxxxxxx should not consider the cost as much more substantial important because we are to shoulder a funding disbursement for his use to the tune of One Hundred and Five Million United States Dollars which is 70% of his loan amount and after one month the balance of forty five million shall also follow up. Now can you compare $285,000.00 to $105,000,000.00 ? suppose the borrower company liquidates? is it not risks underwriters will now have much more problem than his $285,000? ---> I did never mentioned or stated or complained that USD 285,000 is a lot of money. The amount of money is not problem to us. However proper due dilligence have to be carried out first nevertheless.

Please Mr. xxxxxxxx, we need your update and acceptance because we have unnecessarily delayed on your loan. If you are very wary about your $285,000, please you can countermand / cancel your loan. We do not charge borrowers for cancellation of loan.Because of your loan we have differ some borrower’s loan file all in the name of pleasing you and not disappointing you because whenever we have assured and ready to give guarantee for a borrower, we do not like to fail. Andre Currie,Admin Loans.
Here are some other questions in my previous email that you have not addressed yet, please revert back to me:2. To which/whose bank account are we supposed to pay the insurance tax to?3. Do you represent Progressive International Finance or do you represent Quicken Loans in this particular case of funding? What is your relation with the two companies? How are you associated as? What is your role?Thank you

(It is quite funny actually to think about it again. As you can see above, i never complain to them about International Progressive Finance not having website or do i ever said that the insurance tax fee is a lot of money for me, etc, but this guy Andre Currie makes it up all from his own mind.
For your information even until today, i still do not get the certificate and approved remittance to previous projects from Mr Andre Currie as he promised in point 2 offer. He also never answered my question about if he represent International Progressive Finance or does he represent Quickenloans until now)

In the next email, i think Mr Andre Currie tried to hindrance me from further investigation as in the following email:

Dear Mr xxxxxx,

Please kindly note that if you have read and accepted our statutory loan procedure, below are our loan requirements for your due reminder.
because the accounts head has insisted that your loan file must be brought before he will minute the financial documents releases.
With connote, we do not debit borrowers approved loans or place discounts on approved loans. The loan insurance liability/ responsibility is shouldered by the customer borrower.
With borrower’s acceptance of International Progressive Finance (IPF) quicken loans scheme statutory loan procedure, we herein state IPF quicken loan scheme Requirements which any applicant borrower is required to forward by attachment to enable us expedite action in documentation of the loan file for the referenced borrower and for loan file gazette. IPF quicken Loan scheme Requirements are enlists below and therein:- we look forward to receiving the enlisted below loan requirements via attachments for vetting proceedings.
1. Executive summary analysis chart of revenue, profit/proceeds of loan amortization/repayment. (Already Received )
2. Scanned copy the certificate of the incorporation of the company borrowing. (Only in company borrowing)
3. Four Years Tax Clearance of the Loan Applicant (Both in company borrowing and individual borrowing) (Kindly attach copy)
4. Scanned Copy of borrowers International Passport (Chief Executive or Group Managing Director) (Both in company borrowing and individual borrowing) (Kindly attach copy )
5. Two passport Photographs of the borrowing company Chief Executive or Group Managing Director or Two passport copies of the individual borrower. (Kindly attach copy)
6. Fax Number or Telephone Number of the firm borrowing/ also applicable on individual borrower. (Already Received)
7. Loan amount the borrower applicant is seeking to borrow? (USD150,000,000.00) (Already Received)
8. Borrowers address both business and residential addresses required. (Already Received)
9. Borrower and or borrowing company recent (Three) bank account statement ( Kindly attach)
Yours anticipated co-operation. Andre Currie ADMIN LOANS.

So regardless, i managed to send them all the financial documents they requested, therefore there is no legitimate reason for them to back out.

Dear Mr xxxxxx,
From the lengthy meeting we had with insurers risk underwriter examiner, they made a lot of clarifications on the said revenue tax.
1. They said by the provisions of the tax rule, the payable tax are respectively paid for.
2. The said that the USD285,000 total calculated revenue tax is not even paid in bulk. They said that it comprises of various tax revenue and its total came to USD285,000
3. They said that borrower is not even allowed or advised to pay a bulk tax revenue of USD285,000.
4. They further explained that the first payable revenue tax a borrower will pay is the revenue tax called Retrocession tax and its amount is nine thousand seven hundred dollars (USD9700) when it is paid, the retrocession tax receipt will be obtained and move ahead to the BIR (board of internal revenue) to pay for the tax called Facultative Tax and its cost amount is USD12,500
5. And so on till the full tax is paid. All of them will grossly amount to USD285,000

We told them that there explanation is right and we have noted it and we will inform borrower Mr. xxxxxxx for him to know that the revenue tax are made of sub heads and different taxes.
With your attached documents Company xxxxxxxx will be opened and we will docket it to the accounts head for his necessary actions.
Andre Currie.
Admin Loans.

I thanked Mr Andre Currie for his tax revenue law explanation. However, i requested to Mr Andre Currie that he have to ask the insurers to specify and send to us a copy of the government issued law document that stipulates that every borrower is mandatorily required to pay government revenue tax computed based on the loan amount. This is most important. Meanwhile we are still waiting for the documents that he promised will send to me (POF, etc)

Few days later i got the email from Mr Andre Currie with him attaching the bank statement, the email is as follows:

Dear Sir,Mr xxxxxxxx.
The accounts head has obtained and fund availability statement account Proof From the bank financial records we currently have reasonable fund to execute loan funding volume
To the capacity of your loan amount and beyond. The bank statement proofed and revealed we have in Danske Bank investment project account as at this month of July 4th, up to Two Hundred and forty Nine Million Pounds.
Please see attached statement of account Proof
We are also attaching alongside with our Incorporation Act for your acknowledgement.Please also see attached Incorporation Act.
Further information shall be issued for your loan documentation accordingly.
Andre Currie - Admin Loans.

The attached bank statement is as follows:

 At the same day, he also sent me the company registration certificate via email, as follows:

So i run due dilligence on the documents i have got so far. I got some results and i told my broker about it as in the following email:

Dear Mr xxxxxxx (my broker name)We are still running due dilligence on International Progressive FinanceI have received the copy of Bank Statement and Company Registration from Mr Andre CurrieHere are some updates on the due dilligence:
I had done checking on the company registration, but it turned out that company registration number 08080618 does not belong to International Progressive Finance, but Belongs to Equitable Resources Ltd (please see the attachment)
A search on International Progressive Finance does not show up any result, the closest to it is International Project Ltd. Therefore, International Progressive Finance is not a registered company (please see the attachment)
As for the Bank Statement, i am cross checking it with Danskebank. They will get back to me in several days time i hope.

This information above is confidential between you and me and not to be disclosed to IPF yet. The information above is just for your knowledge. From the fact that IPF is not legally registered company and the document sent to me is falsified is already a red sign for us to be cautious. But we will see later how it goes for the bank statement.Thank you

My broker response to the email above is as following:

Mr xxxxxxxx, as you requested, I will not disclose this to IPF. However, you should certainly do that at the appropriate time. There may be a good explanation. It somewhat does not make sense that Andre would give you a number that was invalid, when he knew you were going to check it. Something similar happened with a different funding resource. It turned out that the name used was a subsidiary of another company name and all was alright.

So i replied as following:

Dear Mr xxxxxxx (my broker name),
I have checked with bank officer of Danske Bank in UK, and the checking turned out that the document is not genuine and does not belong to Danske Bank
See the response from the bank officer in the following email below
Regardless if Equitable Resources Ltd belongs to IPF, both Equitable and IPF would have its own registration number, and the problem is, you will not be able to find IPF being registered legally as a company because it simply does not have any registration number. That means the company does not exist or does never been registered. You can check the company registration database yourself and be sure of it.
For your info, one of our member has relative in UK and we have requested him to check on the address of IPF. The address of 2A Parry Place London was described as a small two storey building with brown bricks located on a small street. The building looks more like warehouse than office. It is absurd to think that a company that has hundred million dollars resides in two storey old building. We are totally unconvinced.
Now i will just wait for IPF to show the a copy of the government regulation that requires my party to pay for the tax. Once this is done and cannot be provided accordingly, it is 100% non-arguable that IPF is a total scam.
The documents that i receive from IPF is attached as well in this email for your reference

---------- Forwarded message ----------From: 31DC Homepage <homepage_requests@danskebank.co.uk> Date: Thu, Jul 18, 2013 at 9:49 PMSubject: Re: Danske Bank - Re: Email contact from Personal/BusinessTo: xxxxxxxxxx <xxxxxxxxxxxxx@gmail.com>Dear Mr xxxxxxxxxx Thank you for your email. Please note the statements attached are not genuine Danske Bank statements. If you have provided any personal or bank account information in connection with these I would urge you to contact your own Financial Institution as a matter of urgency to discuss this situation in more detail. Kind Regards, Claire Lucia McGivernDanske Bank
From: xxxxxxx <xxxxxxxxxx@gmail.com> To: 31DC Homepage/R31DCHOM/Intranet/DDB@DKDDB04 Date: 18/07/2013 15:32 Subject: Re: Danske Bank - Re: Email contact from Personal/Business
Dear Ms Claire Lucida, Please find the document as attachedThank you[attachment "IPF ACCT STATEMENTPROOF.JPG" deleted by Claire Lucia McGivern/CLAM/Intranet/DDB] [attachment "IPF ACCT STATEMENTPROOF.JPG" deleted by Claire Lucia McGivern/CLAM/Intranet/DDB]On Jul 18, 2013, at 7:32 PM, 31DC Homepage <R31DCHOM@danskebank.co.uk> wrote: Dear Mr xxxxxx Thank you for your email. Please attach the email you have received and send it by reply so that I may try to assist you. I await your reply. 
Kind Regards Claire Lucia McGivernDanske Bank

For your information, not only Ms Claire Lucia confirmed to me that IPF Proof of Fund is fake, another independent officer at Danske Bank also confirmed the same, his email regarding the Proof of Fund is as following:

Dear Mr xxxxxxxx,The document is not sent from Danske Bank Denmark, so unfortunately we can not verify the document.Please contact the one who has sent the document.

Yours sincerely/Med venlig hilsen Triine Falbe-HansenDanske Bank International Private Clients Holmens Kanal 2 DK 1090 Copenhagen K Telephone (+45) 70 25 11 22
eBanking supportline +45 70 10 46 10holmenskanal14@danskebank.dkwww.danskebank.com
From: xxxxxxxx <xxxxxxxxxxx@gmail.com>To: ipc@danskebank.dj, 3901 Privateclients/R3901IPC/Intranet/DDB@DKDDB04Date: 18-07-2013 07:31Subject: Request on Verification of Bank StatementSent by: xxxxxxxxxxx@gmail.com
Hello,We need to verify the genuinity of this document of bank statement that is issued by Danske Bank that we receive from our investment partner.Please verify and confirm to us if the document is genuine, accurate and not falsified. Please confirm on the receipt of this email Thank you P.O Box 11470(See attached file: IPF ACCT STATEMENTPROOF.JPG)_______________Danske Bank A/S CVR-nr. 61126228 - Kobenhavn

Although the findings so far have been very conclusive, i decided to roll on the game. So the only thing left to do is just to confirm their tax insurance law.
In the few days time Mr Andre Currie sent me the tax law, his email as follows:

Dear Mr xxxxxxx

Please this is to inform you that the risk underwriter examiner has forwarded a copy sheet of tax ordinance. They explained that they photocopied a page of the tax ordinance where the rule spelt out some insurance underwriting tax.We will attach it for your study too.

Andre Currie - Admin Loans

I received that one page, and i asked to him the following questions:

Dear Mr Andre Currie,Thank you for your emailPlease provide me an online link where i can download the full set of the law. We need to study the whole pages thoroughly instead of just one pagesPlease specify to me what is the title of the law? and what year was it published on? Which chapter which paragraph? Please provide accurate information so we can do further research on itThank you

In regards to my questions above, the next day Mr Andre Currie called me by phone. He explained  that International Progressive Finance (IPF) is registered in Cayman Islands, so he tried to convince me that we should follow Cayman Islands law instead since UK tax law is very expensive. Looks like he thought if he said that the tax law is in Cayman Islands, i might stop inquiring the documents and would never be able to clarify the authenticity of the document. Anyway, I asked him nevertheless to still write and explain the whole thing that he said to me through phone into email and so he did in the email below.

A note however, from his accent and way of speaking, although it seems he tried to hide it, i could tell that this guy Andre Currie has African accent (his African accent was not very thick, looks like he might lives/resides in UK but is an African race, that might explain why).
Well you know right? Majority of scammers in this earth are Africans decendants. Example is Nigeria, the motherland of scammers). So whenever you are dealing with a stranger money-promiser you know from internet and the person is an African descendant, beware, it is already a red sign. Meaning by that alone, factoring out other aspects and factors, it is 70% chance that you are dealing with a scammer, and you have to be lucky enough as a person to strike the 30% of the African descendants who are not. Nevertheless, be wary and careful with that ominous sign, especially if the person brings/introduces another person who is black again.

Anyway the email below is roughly the same as what he delivered to me through phone, as follows: 

Dear Mr xxxxxx,

Sequel to our telephone conversation, the tax laws varies and it works based on countries mutual and trade packs. Reason when we do not even advise most borrowers to engage in England tax and its Laws here are because of its high and expensive tax bills, you should know that when we tender your loan file for tax assessment here in united Kingdom, you should be having and average tax bill of close to four hundred and eighty pounds and you will then emerging what such tax it is.
It is rightful for borrowers to pay its tax anywhere. You can be in citizen or resident in America and pay your tax in here United Kingdom. You can still be resident in Spain and pay your tax here once the credit tax officer is around to take it.

Please bear in mind that financial transactions of this nature is purely confidential and we have to maintain some decorum in divulging official loan files.

With the tax regulation in the tax ordinance as even explained by the risks underwriters, what you need to pay first for the approved loan first percent disbursement is the Facultative Tax of Eight Thousand United States Dollars because the risks underwriters examiner clearly stated it that with facultative tax receipt, they will obtain all other relevant endorsements for the issuance of borrower mortgage protection policy, that all other taxes are coming up after issuing you with their policy.
Infact, we were impressed with that tax process and explained to them that we shall inform Mr xxxxxxx of this advantage.

Even as we went and read the said tax ordinance, we saw that they were lenient in taxes when you compare with the United Kingdom tax here because it will be a horrible tax.
Please our advise is let us take this advantage and accept their tax process.
We have a long way to go let us move ahead because.
Mr xxxxxxxxxxxxxx, kindly Reconfirm your bank account details to enable our accounts head authorize your loan internet certification and issuance of your loan disbursement voucher .

Andre Currie,Admin Loans.

I replied to his explanation above as follows:

Dear Mr Andre Currie,Thank you for your explanation

In the previous phone conversation, you mentioned that IPF follows the tax laws of Cayman Island. Therefore please give reference to us which article and which chapter of Cayman Island tax law that stipulates that every borrower is mandatorily required to pay government revenue tax computed based on the loan amount.
Secondly, from what i can recall, you previously had sent me in email (attached) regarding the government tax revenue. From what i can it is Global Insurers Underwriter Ltd that request the tax payment and will obtain the tax receipt etc. Quoted from your previous email:Kindly inform the borrower that they are required to pay the government revenue tax to enable the risks underwriters examiners to obtain the tax receipt and the TIN for the issuance of the loan insurance policy.
Global Insurance Underwriter Ltd operates in London and in its email, when it said "under the new credit loan insurance tax law", anybody would assume that it is referring to the tax law of UK, not Cayman Island, unless Global Insurance Underwriter stated otherwise in the email, which in this case, they did not. Would you again say to us that Global Insurance Underwriter Ltd is registered in Cayman island? If so, please give us the company registration number for us to verify. Please give us explanation on this matter.

Regardless, meanwhile we wait for your reference of article and chapter of the tax law, please inform to us the bank account number and details to which the tax insurance is supposed to be paid for, we can get prepared for it while waitingThank you

Mr Andre Currie could not came up with any explanation to the above red highlighted issue. Looks like, he seems to had been careless that time in his scheme of switching to Cayman Island laws forgetting that it is the Global Insurance Underwriter that would be requesting this insurance tax fee, and that Global Insurance Underwriter is an UK company and when it says in document regarding the insurance tax, of course it would automatically mean UK tax laws, unless they say it otherwise.

Regarding Global Insurance Underwriter itself, i did not spend much time checking if the company really exist or not or if the company is an accomplice of International Progressive Finance, so i cannot conclude if Global Insurance Underwriter is a scammer too or scammer accomplice. But this is one reason why in the email i ask Andre Currie to send me the bank account number and details to the beneficiary of the supposedly to be paid insurance tax, i wanted to test if IPF would give out their own bank account as beneficiary or would put out Global Insurance Underwriter bank account as the beneficiary.
Also, until now, Andre Currie still have not send to me the registration number of Global Insurance Underwriter, so i cannot check further.

Secondly, if he planned to use Cayman Islands laws from the beginning instead of UK laws, why bother send me the UK insurance laws as the the above picture? Was it just because he could not and did not dare provide accurate answers to my scrutinized questions regarding the insurance law like the title of the law, year of publish, chapter and paragraph. He feared if it was UK law,i could easily check online and found out the document was false, that's why the sudden shift to Cayman Islands law.

By the way, this is another tip and big sign for scams. When things said or done are starting not to be in sync with one another, then that might signify the person is trying to cover up something or lied.

Anyway, regarding the bank account that i requested, Mr Andre Currie later on gave me the information as following:

Dear Mr xxxxxxxx, 
this is to further inform you that the insurers risks examiners have notified us with their account as we asked them based on your request.Please still kindly see their bank account information below.Bank Name:- Lloyds TSB bank plc.
Address:- 25Gresham street London. EC2V 7HN.United Kingdom.
Account Number :- 26166868
Sort Code:- 306438.
IBAN:- GB95LOYD306438 26166868
Swift Code :- LOYDGB 261669
Account Name:- Global insurers underwriters
So, please kindly take note and put in your records that we have updated you with your request as directed.
Andre Currie.Admin Loans.

So based on this information, if the account number does really belong to Global Insurers Underwriters, then it can be concluded that Global Insurers Underwriter is an accomplice of International Progressive Finance and Andre Currie. However i have not got time to investigate through that. So if you are interested, you can try search and find out if the account number 26166868 does really belong to Global insurers underwriters? And then does global insurers underwriters does really exist and operational? Or is it just shell or fictional company? Anyway, this is of second issue compared to International Progressive Finance and Andre Currie.

Ok, back to the main storyline. Anyway his next email is as follows:

Dear Mr xxxxxxxx

The explanations made by the risks underwriters examiner who came as we requested them,

They explained that the “THE INSURANCE TAX INFORMATION AUTHORITY (AS AMENDMENT) LAW,” has about 32 pages.

That unless the borrower wants them to attached the 32pages copy of the “THE INSURANCE TAX INFORMATION AUTHORITY (AS AMENDMENT) LAW,”
They also said that the law comprised comprehensively and extensively in all relevant of underwriting not only on PREMIUM TAX they said that to save both borrower and our time, they decided to attach the page that wrote on underwriting fee and tax premium. When we asked if they have more pages that wrote on insurance laws and premium or its taxes, they said yes that other pages can be attached for borrowers to further read.
They gave example that:
2.1 Insurance Underwriting and Tax Regulatory Legislation Act.Cap. 17:- Insurance Capital Gains Tax Rate.
This page also can further be attached for us to forward to the borrower.
The risk underwriter’s examiner said that the countries where they can pay taxes/fees in diaspora are and include:- United Kingdom of Great Britain and NorthernSlovak RepublicSwiss ConfederationKingdom of the NetherlandsRepublic of AustriaCzech RepublicFederal Rep of GermanyGrand Duchy of LuxembourgIrelandJapanKingdom of Belgium
Please Mr xxxxxxxxxxx, will be satisfied for them to attach the page copy of 2.1 Insurance Underwriting and Tax Regulatory Legislation Act.
Cap. 17:- Insurance Capital Gains Tax Rate.

Or are you requesting them to attach the whole 32 pages copy of the “THE INSURANCE TAX INFORMATION AUTHORITY (AS AMENDMENT) LAW,”
We have also informed them to kindly attach the incorporation act so that we can forward same to you accordingly.

Please for truth and honesty, all the explanations the insurers underwriters examiners who has being coming whenever we ask them, they have maintained and explained previously this fact that for the borrower to survive the loan liability and premium burden, that they will cover the borrower since he or she is not a United Kingdom residence or establishment, under the Cayman Island insurance underwriting rules instead of United Kingdom insurance rules. They explained all the advantages the borrower will benefit and we saw with them and made most of this explanations to Mr. xxxxxxxx
Please kindly reply if they are prepare and attach 32 pages of the insurance tax law or they should attach pages of 2.1 Insurance Underwriting and Tax Regulatory Legislation Act.Cap. 17:- Insurance Capital Gains Tax Rate.

Andre Currie.Admin Loans.

I replied to him shortly as follows:

Dear Mr Andre Currie,Please forward both the complete 32 pages of the insurance tax law and the 2.1 Insurance Underwriting and Tax Regulatory Legislation Act. Cap. 17:- Insurance Capital Gains Tax Rate. Make sure that to include the title(cover page) of the law and its pages of ractification
Thank you

The next several days Mr Andre Currie sent to me the tax pages several pages by several pages

I was not satisfied with this, because i would not be able to cross check the law just with the above documents. So i asked Mr Andre Currie to send me the front cover of the law book and its ractification stamp by the government. His response is as follows:

Dear Mr xxxxxxxx

We have informed the risks examiner underwriters that Mr. xxxxxxxx has requested for attachment of the Cover page of the insurance law book which is stamped by government.And in response the risks examiners underwriters said they are coming soonest to let us know on how insurance law stamping is done which they called CERTIFIED BOOKLET COPY.We are therefore waiting for their arrival.

Andre Currie - Admin Loans.
From: xxxxxxxxx <xxxxxxxxxx@gmail.com>To: Quickenloans Expert <quickenloansexpert@yahoo.com> Sent: Wednesday, July 24, 2013 7:59 AMSubject: Re: WE GOT THESE COPIES EARLYDear Mr Andre Currie,Please attach to us the front cover of the law book and its ractification stamp by the governmentThank you

Several days after, Mr Andre Currie came up with this email:

Dear Mr xxxxxxxx

Please the insurance risks underwriters examiner are still waiting to know if you have accepted to pay for the involved cost/fees of the Court Affidavit and Legal Aids Council Administrative Letter of Authority to enable them provide you with their firm bank account information for you payment and to enable them prepare and request for the government stamped certified copy of the INSURANCE UNDERWRITING LAW OF THE CAYMAN ISLANDS.

Mr. xxxxxxxx, we ask for your expedient reply so that the risks examiner underwriters can go back to work.

Andre CurrieAdmin Loans.

At that same day, he also sent email to my broker as follows:

Dear xxxxxxx (my broker name).Please we want to gratefully commend the insurer’s underwriters examiners handling Mr xxxxxxxx approved loan insurance. This is because they have submitted numerous and several copies pages of the said insurance premium tax laws and said that they will continue till they submit the last copy.Surprisingly Mr xxxxxxxxxxxxxx after seeing that his requested insurance tax laws were all being seriously made available attached, Mr xxxxxxxxxxx has today again asked that the insurance risks examiners to give him the Government certified Stamped copy.
Still the underwriter risks examiner has explained how Government certified Stamped copy is being issued and its official cost/fees to obtained the Government certified Stamped copies. because it goes into Court Affidavit and Legal Aids council Administrative Letter of Authorization.We have also informed same to Mr xxxxxxxx and its cost/fees so that he will know and let us know if he is ready to pay cost to enable the risks underwriters examiners go for the Government certified Stamp copies.
Andre Currie.

In his next email, Mr Andre Currie explained more detailed about the stamping cost as in the following email:

Dear Mr xxxxxxx

The insurance risks examiners have come and made a clear clarification of what you are requesting.
1. The examiners said that your request is not extra ordinary but what such request involves is that they will take the Insurance Underwriting Statutory Instrument which is the INSURANCE UNDERWRITING LAW OF THE CAYMAN ISLANDS and go to the Public Notary and Court and Stamp certifying the booklet copies.

They explained that for them to stamp certify the booklet copy, it will require a Sworn Affidavit of Fact in court and Letter of Administration from the Legal Aids Council which the Public Notary will notarize.
In their further explanations on how to get it done as you requested, they made us to understand and inform Mr xxxxxxxxxx that

1. The Affidavit Oath fee is to be paid in court for the Sworn Affidavit to be issued and its official Oath fee cost is:- One Thousand Three Hundred and Ten Pounds. (GBP1310.00)
2. The Letter of Administration fee is:- Nine Hundred and Eighty Seven Pounds(GBP 987.00)
The two costs put together amounted to (GBP 2297.00) Two Thousand Two Hundred and Ninety Seven Pounds Only. Finally they said that we should inform the borrower who is still doing his rightful due diligence that he is to pay (GBP 2297.00) Two Thousand Two Hundred and Ninety Seven Pounds Only to enable them stamp certify the Booklet copy by the competent authorities and provide the Stamp Certified copies attachments.
Andre Currie

Tsk tsk tsk, these Africans really could not read my messages well and kept misinterpreting what i was requesting from the beginning of the interaction. Instead of understanding clearly what i was requesting, they play around and tried to make another new scam business out of it. What a total BS. I replied to Mr Andre Currie as follows:

Dear Mr Andre Currie,Thank you for your emailI think you have misunderstood my requestI do not ask for each page to be stamped by the government What i am asking is for the insurance examiners to send us a copy of the front page of the booklet and as it is a form of formal law, usually the law has signature and stamp by the government for its ractification, either at the first few pages or at the end of law chapters.Secondly, please refer to us an online resource to this law. I cannot find any such online references to the arrangement between the government of USA , UK and Cayman island for the exchange of tax harmonious information relating to insurance underwriting taxes. I have checked Cayman Island website for tax information http://www.tia.gov.ky/html/library.htm But what i can see is that the tax information authority law (2009 revision) is different from the one you sent us. Please provide us the online references to your documentThank you

So this Andre Currie guy started to get annoyed and replied that i am turning them too many round, when it was actually him who turned himself so many rounds, hahaha. I just asked for few things but he came up with thousands of things unrequested. He said that they were doing all these bureaucratic satisfaction for one singular reason. Just for the fact your were being recommended by our admitted Agent Mr xxxxxxx (my broker name).

Regarding my online references request, Mr Andre Currie replied as following:

Dear Mr xxxxxx,

The examiners were annoyed saying it is the third time you are requesting for the cover page or source of the law. The risks examiners said that since three days now they have been on clarifications on making you understand what you are requesting.

They said the online is what they cannot search for now because they do not know of the parliament and cabinet has placed the insurance underwriting tax law online or not but the insurance tax underwriting law book is not a physical instrument and its booklets are at national library and state reading centers.
That it’s online is not to their knowledge because it is not their responsibility to publish it online e which borrower requested.
We told them to please attach there article of incorporation which they even said they have since attached to us as at the date we requested for it and our secretary crosschecked and said that he did not receive such attachment . eventually after its deliberation, we pleaded that they should re-attach it for us to forward to Mr. xxxxx.
This was how we concluded today with the risks examiner underwriters.
So far so good we are assessing and scoring progress made so far.

Andre CurrieAdmin Loans.

Well this time his explanation does make sense. I cannot push or argue on them on this since their argument is quite good.

And then regarding my request for ractification page with stamp on it, Mr Andre Currie replied as follows:

Dear Mr xxxxxx.
The risks examiners have reported and we have deliberated and discussed.
The said that the cover page is not a problem and that they have already informed there secretary to attached it before they started coming for our visit.
Mr. xxxxxxxxxx, when we requested On “The ratification page by the government” as you wrote in your letter, infact they explained what you meant or trying to request more properly.
They said that .1. There is no single person or individual called government as you wrote in your letter that can sign or stamp the insurance statutory law. Rather what is official done whenever a person or an external person what to get an official copy of the insurance underwriting tax law, what they person should request for or ask for is a CERTIFIED COPY of the insurance underwriting tax law which will involve going through what they said yesterday
(a) Affidavit of Fact by court of competent jurisdiction
(b) Letter of administration by legal Aids Council

They made us to understand that whenever a customer or an external person is requesting for insurance underwriting tax law, what they formally do is to attach to him relevant pages that they person will ready and know that they are not telling lies. And if they person insist in the full pages of the insurance underwriting tax law, what they will also do is to take time and attach the numerous pages of the insurance underwriting tax law
That if the person want is to be under official government record, they will then go through the Affidavit of Fact and Letter of administration.

They said any person asking for a ratification page by the government signed and stamp, it means it will be an extract of the copy of the law and it will be done via affidavit and administration letter because what it means is that we will get it through parliamentary assembly and there must be a sworn affidavit of fact and administration letter.
They said if the borrower does want them to get the Extract copy, it must be done via affidavit of fact and administration letter. They said you are free to ask every person all over the world that when once you want the Government authority signed and stamped copy of a statutory insurance tax law, it must be an Extract copy and it is done via affidavit of fact and administration letter by competent jurisdiction.
Andre CurrieAdmin Loans.

Ok, but i am not going to debate about this nor was i having enough free time to check on the system of law ractification in Cayman Islands etc. So let's just forget about the online reference stuff and the ractifcation stamp.

Meanwhile, i already got the email from Mr Andre Currie attaching the law cover book, as follows:

Ok, so now i have got the cover page of the tax law as well as the tax law pages complete from Mr Andre Currie, so now i can have it crosschecked. I contacted Tax Information Authority of Cayman Islands to cross check on the insurance tax law documents. The result is as following:

Dear Sir,
Thank you for your email. Please accept our apologies for not responding more clearly.
Original insurance related laws and regulations may be found on the Cayman Islands Monetary Authority website (http://www.cimoney.com.ky/regulated_sectors/reg_sec.aspx?id=92). As you will see, the document attached to your email is not part of the insurance legislation listed: · Laws and regulations section: http://www.cimoney.com.ky/regulatory_framework/reg_frame_law_reg.aspx?id=372The document you sent to us, entitled The Insurance Underwriting Law of the Cayman Islands, has been designed to suggest that it is for insurance purposes and is indeed false. The text has clearly been copied from the Tax Information Authority Law, which itself establishes the Tax Information Authority and provides the legal mechanisms for the provision of information on tax-related matters for this type of assistance. The text in the false document has been altered to include insurance related wording. Please find a copy of the Tax Information Authority Law attached for your perusal and comparison.
The Tax Information Authority is not a tax administration and does not collect taxes or fees.
Best regards,
Tax Information AuthorityCayman Islands GovernmentTel: (345) 244-2354Fax: (345) 946-4804Email: TaxInformationAuthority@gov.kyWebsite: www.tia.gov.ky
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From: xxxxxxxx@gmail.com [mailto:xxxxxxxx@gmail.com] On Behalf Of xxxxxxxxxx Sent: Thursday, August 01, 2013 5:12 AM To: Tax Information Authority;
Dear Tax Information Authority, We still cannot find the insurance law (attached) in Cayman Islands website There are possibility that either the law document attached is not genuine and falsified or either the law document attached does exist but is not uploaded into the web Can you assist us by confirming to us the genuinity of this insurance law attached? Is the law document as attached in this email genuine or is it fake document?I think the Insurance Supervision Division or the Legal Division can be of help to this case, however i do not have their direct email to correspond. Please forward this email to them if necessary Thank you

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On Mon, Jul 29, 2013 at 8:26 PM, Tax Information Authority <TaxInformationAuthority@gov.ky> wrote:Dear Sir, Original Laws and regulations may be found on Government websites. http://www.cimoney.com.ky/regulated_sectors/reg_sec.aspx?id=92 Best regards, Tax Information AuthorityCayman Islands GovernmentTel: (345) 244-2354Fax: (345) 946-4804Email: TaxInformationAuthority@gov.kyWebsite: www.tia.gov.ky 
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From: xxxxxxxxxx@gmail.com [mailto:xxxxxxxx@gmail.com] On Behalf Of xxxxxxxxx Sent: Monday, July 29, 2013 6:47 AM To: Tax Information Authority Subject: Clarification on Document Genuinity

Dear Cayman Islands Tax Information Authority, Our company recently received a copy of Cayman Island law from a financing institution that ask us to pay insurance underwriting tax for a project loan that will be disbursed I would like to check and confirm if such law does really exist in Cayman Island as how it is in the documents attached
Please find the documents as in the attached Thank you

For the mentioned Tax Information Authority Law (2009 Revision) that the TIA officer said, you can view/download it from HERE
Okay, that is one, but better off, another officer from Cayman Islands Monetary Authority from Legal department even clearly answer the question, as follows:

Dear Mr. xxxxxxxxx,
Thank you for providing the documents.
I have reviewed same and had our paralegal research the existence of the laws specified as 1. The Insurance Tax Authority Law &/or 2. The Insurance Underwriting Law. To date we cannot confirm the existence of these pieces of legislation.
Additionally, we note our reference to the Consolidated Index of Laws & Subsidiary Legislation as at July 31st 2012 as compiled by the Law Revision Commissioner for the Cayman Islands Government as well as the existing List of Gazettes & Orders existing in the Cayman Islands. The result is that there is no reference to either of these two (2) pieces of legislation specified above.
A comparative check of the provisions as provided by you and existing laws was also done and the results suggests that:
1. The document which references “Insurance Tax Information Law” is the same as the “Tax Authority Law” with the word “Insurance” inserted. However, again it is reiterated that upon checking the Index of Laws and the Tax Information website, there is no reference to a separate Insurance Tax Authority Law (TIA).For ease of reference, please note this shortcut to the TIA link: http://tia.gov.ky/pdf/Tax_Information_Authority_Law_(2009_Revision).pdf(See the cover page in particular which refers to the same Supplement No. & gazette reference). For your information - normally, every supplement bears its own No. and would not have the same number (even if revised). Thus, the correct document (as published) appears to be the Tax Information Law (without “Insurance” inserted).
2. The Instrument No for the Insurance Underwriting Statutory Instrument is exactly the same as the Constitution Order. See shortcut to link : http://gazettes.gov.ky/sites/default/files/gazette-supplements/Gs292009_web.pdfAgain, to our knowledge, the Instrument Numbers should be different. Again, relying upon the Consolidated Index reference the Instrument No is relevant to the Constitution and there is no Insurance Underwriting Constitution Order bearing the same reference.
I trust the above information has assisted in answering your question.
Regards,
Gail Johnson-GoringLegal CounselLegal DivisionCayman Islands Monetary Authority

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OK, WITH THIS I HAVE COMPLETED ALL THE INVESTIGATIONS AND IT CAN BE UNDOUBTEDLY AND UNDENIABLY CONCLUDED THAT INTERNATIONAL PROGRESSIVE FINANCE AS RUNNED BY ANDRE CURRIE QUICKENLOANSEXPERT@YAHOO.COM IS 100% SCAM FUNDING!!!!! 

DO NOT SEND ANY MONEY TO THEM!!!!

IF YOU HAVE OPINION, VIEW, ADDITION OF INVESTIGATION RESULTS, PLEASE EMAIL ME AT PENIPUANPERMATASENAYANPROPERTI@GMAIL.COM

GOOD LUCK!