Posted: 12/12/2010 2:12:40 PM EDT
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Ok, here's the deal. My brother in law works for his dad who owns an oil production company. He recently put together a production plan and shopped it around to several investment websites and had a company pick up their production plan.
It has made it to the point that they have flown to Dallas for 3 days of meetings and presentations to the invest group that is interested. Here's the kicker: the group is from Hong Kong. They are wanting my brother in laws company to insure the whole operation with ?Lloyd's of London? to the tune of $60,000. Does anybody know if this is SOP or if this could be a scam? Thanks in advance for all the stupid answers, hopefully someone on here has some experience in this field. jsflyer |
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In my limited experience in these matters,I wouldn't think it was a scam.
They are probably just trying to protect their investment as much as possible-the old "return OF investment compared to return ON investment. Someone will chime in with more experience I'm sure. |
This was whose share of the insurance? The Hong Kong investors?