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report scam| Country | United Kingdom |
| State | England |
| City | Norwich |
| Address | Office 301, 34 Prince of Wales Road |
| Phone | 44-0800-024-87480 |
| Website | https://sjglobalinvestments.com/ |
SJ Global Investments Reviews
SJ Global has a number of entities in various countries ranging from UAE to Uganda. However, the company and its representatives operate out of the UK.
SJ runs a number of cons all predicated on easy terms for trade finance, or easy terms for investment. The company solicits margin advances or deposits prior to issuing their "easy terms". In this particular instance, the company was paid $250,000 as margin on a commodity trade in which SJ was to provide a valid letter of credit.
The deposit was paid and the wording of the LC was such that is was not a drawable LC. Further, it was an accommodation LC promised from another institution which was never issued as an effective trade finance document. We ended up settling the trade on a cash basis however SJ refused to refund the margin deposit. SJ's expected fee or profit for issuing the LC was expected to be $20,000. however the kept the entire $250,000