I think iPitch.com.au sent a newsletter before reporting the same
described methods was used to contact entrepreneurs from their site
and they have blocked access from middle east by IP address location.

Rex Chung
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On Fri, Jan 7, 2011 at 7:54 PM, David Jones <[email protected]> wrote:
> Its new to me that entrepreneurs have been targeted for nigerian-style
> scams, normally they appear as "advisors" after you get your grant funding
> ;)
> The scam is a variation on "advance fee fraud" also known as 419 or
> nigerian. Whilst sophisticated folk (as in SB) who can spot a scam would
> realistically expect reporting this would come to nought it might be good to
> report it as a "new variant". Why? I can seem some small businesses getting
> tricked.  Brian Hay's team at Queensland Police have lead the charge in
> protecting/educating Australians and have produced a "How-to" for reports.
> http://www.police.qld.gov.au/programs/crimePrevention/eCrime/scams/reporting.htm
> d.
>
> On Fri, Jan 7, 2011 at 6:38 PM, Malcolm Lambert <[email protected]>
> wrote:
>>
>> A few days ago I received an email from the CEO of a large company
>> based in the Middle East saying he's interested in investing in my
>> company. I did the usual 5-minute Google due diligence on his name and
>> background and he seemed legitimate so I replied. The next email was a
>> little unusual in that he said he wanted to invest at arm's length so
>> he advised me to communicate with his assistant.
>>
>> When I Googled the name of the assistant I came up with the following
>>
>> http://antifraudintl.org/showthread.php?t=42540
>>
>> In my last email to the "investor" I politely declined their offer of
>> investment.
>>
>> It appears the scammers string along a company with what looks like
>> legitimate investment procedures and documentation until the company
>> pays some fee to keep the investment process going. I suppose at that
>> point the scammers have been paid.
>>
>> Anyone else had experiences with scams targeting entrepreneurs?
>>
>> Malcolm
>>
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