Scammers Are Exposed On This Site


Wednesday, 21 November 2018

Recent changes introduced in U.S. and Middle East crude oil futures markets (11/21/2018)

Several changes to crude oil futures markets this year have expanded the scope of available contracts for market participants. Two new light, sweet crude oil contracts for delivery in Houston, Texas, began trading recently, expanding hedging and trading opportunities for Permian producers, U.S. Gulf Coast refiners, and foreign purchasers of U.S. crude oil. Also, Saudi Aramco, Saudi Arabia's state-owned oil company, began using the Dubai Mercantile Exchange's Oman contract for determining a portion of its Asian official selling price (OSP). Although not expected to disrupt the roles of West Texas Intermediate (WTI) at Cushing, Oklahoma, or North Sea Brent as benchmarks, the new contracts as well as a major oil producer now using the Oman contract could alter current financial trading for crude oil. ... More »
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The Stages Of A Scam

1. Foundation Work: This is the preparations which are made before the scam is put in motion, including the elaboration of the plan, the employment of assistants and so forth.

2. Approach: Is the manner of getting in touch with the scammers victim — often most elaborately and carefully prepared.

3. Build Up: Rousing and sustaining the interest of the victim, rousing his emotions, showing him the chance of profit and filling him so full of anticipation and cupidity that his judgment is warped and his caution thrown away.

4. Pay-off or Convincer: An actual or apparent paying of money by the conspirators to convince the victim and settle doubts by a cash demonstration.

5. The Hurrah: This is like the dénouement in a play and no scam or con scheme is complete without it. It is a sudden crisis or unexpected development by which the victim is pushed over the last doubt or obstacle and forced to act. Once the hurrah is sprung the victim is clay in the scammer's hands or there is no game.

6. The In-and-In: This is the point in a scam act where the conspirator may put some of his money into the deal with that of the victim; first, to remove the last doubt that may tarry in the gull's mind.