Amazines Free Article Archive - Tuesday, January 28, 2020
Read about the most recent changes and happenings at
Log into your account or register as a new author. Start submitting your articles right now!
Search our database for articles.
Subscribe to receive articles emailed straight to your email account. You may choose multiple categories.
View our newest articles submitted by our authors.
View our most top rated articles rated by our visitors.
* Please note that this is NOT the ARTICLE manager
Add a new EZINE, or manage your EZINE submission.
Add fresh, free web content to your site such as newest articles, web tools, and quotes with a single piece of code!
Home What's New? Submit/Manage Articles Latest Posts Top Rated Article Search
Subscriptions Manage Ezines
 Article Archive
 Advertising (133326)
 Advice (160999)
 Affiliate Programs (34736)
 Art and Culture (73699)
 Automotive (145681)
 Blogs (75068)
 Boating (9841)
 Books (17218)
 Buddhism (4125)
 Business (1328662)
 Business News (426323)
 Business Opportunities (366272)
 Camping (10962)
 Career (72737)
 Christianity (15846)
 Collecting (11637)
 Communication (115053)
 Computers (241955)
 Construction (38999)
 Consumer (49681)
 Cooking (17061)
 Copywriting (6568)
 Crafts (18205)
 Cuisine (7539)
 Current Affairs (20394)
 Dating (45784)
 EBooks (19687)
 E-Commerce (48205)
 Education (185263)
 Electronics (83503)
 Email (6395)
 Entertainment (159846)
 Environment (28938)
 Ezine (3039)
 Ezine Publishing (5446)
 Ezine Sites (1550)
 Family & Parenting (110901)
 Fashion & Cosmetics (196392)
 Female Entrepreneurs (11842)
 Feng Shui (130)
 Finance & Investment (310292)
 Fitness (106205)
 Food & Beverages (62874)
 Free Web Resources (7938)
 Gambling (30229)
 Gardening (25112)
 Government (10514)
 Health (629639)
 Hinduism (2205)
 Hobbies (44047)
 Home Business (91561)
 Home Improvement (251375)
 Home Repair (46146)
 Humor (4825)
 Import - Export (5453)
 Insurance (45130)
 Interior Design (29560)
 International Property (3485)
 Internet (190991)
 Internet Marketing (146347)
 Investment (22826)
 Islam (1167)
 Judaism (1356)
 Law (80520)
 Link Popularity (4592)
 Manufacturing (20842)
 Marketing (98791)
 MLM (14136)
 Motivation (18213)
 Music (27005)
 New to the Internet (9480)
 Non-Profit Organizations (4048)
 Online Shopping (129617)
 Organizing (7803)
 Party Ideas (11856)
 Pets (38079)
 Poetry (2234)
 Press Release (12676)
 Public Speaking (5618)
 Publishing (7523)
 Quotes (2407)
 Real Estate (126633)
 Recreation & Leisure (95294)
 Relationships (87564)
 Research (16159)
 Sales (80325)
 Science & Technology (110227)
 Search Engines (23462)
 Self Improvement (153103)
 Seniors (6233)
 Sexuality (35943)
 Small Business (49288)
 Software (82996)
 Spiritual (23468)
 Sports (116088)
 Tax (7658)
 Telecommuting (34068)
 Travel & Tourism (307504)
 UK Property Investment (3121)
 Video Games (13428)
 Web Traffic (11728)
 Website Design (56833)
 Website Promotion (36575)
 World News (1000+)
 Writing (35776)
Author Spotlight

Financial analyst and author writing on economy and business. ...more

Shovon Joarder has been working as Freelance Marketing Project Manager for over four years. He also ...more

Jim Turner is a USA based author of Legal issues related to estate planning, will & trust , busyness...more

In regards to earning money online, everybody wishes to, and everybody strives to, but not many end ...more

I have been involved in nutrition and weight management for over 12 years and I like to share my kn...more

Bailmo Investments AG Wrought With Fraud & Decption by Fraud Finder

Bailmo Investments AG Wrought With Fraud & Decption by
Article Posted: 08/08/2015
Article Views: 300
Articles Written: 382
Word Count: 777
Article Votes: 0
AddThis Social Bookmark Button

Bailmo Investments AG Wrought With Fraud & Decption

Business News
On 6/30/2015, our company – We began verbal “Skype” conversation with Balimo Investments AG and its representative, Mr Ásbjörn Gosta. The objective of this conversation was to establish the terms and conditions to be provided in a Letter of Intent for a business loan to be made by Balimo Investments AG. The initial call concluded and we were told to compose the Letter of Intent that would set forth these terms and conditions discussed. Later that day, we sent the Letter of Intent to Balimo Investments AG that included all points discussed with Balimo for its execution. Within a few hours, we received the Letter of Intent executed by Mr Gosta on behalf of Balimo Investments AG. The Letter of Intent was exactly in keeping with what was verbally discussed with Mr Gosta. In fact, Mr Gosta, told us that it was the “best Letter of Intent” that he had ever been presented. He then advised that Balimo would draft an Escrow Agreement that would further bind the parties and allow for funds to be transferred.

– – On 7/3/2015, RSA received the Escrow Agreement in the same format with the exact terms and conditions that were spelled out in the Letter of Intent. The Escrow Agreement called for a 1% $250,000 deposit to be made to Balimo’s Agent. We executed the Escrow Agreement and promptly SWIFTED (wired) the funds to Balimo Investment AG’s escrow agent

– – Most Important Point – At no point, either in verbal discussions or in writing (via the Letter of Intent & Escrow Agreement), was there ever made mention of an additional “fee” to be charged by Balimo Investment AG.

– – On 7/8/2015, Asjborn Gosta informed our company that he had received confirmation that the escrow funds had been received by Balimo’s escrow agent. He also informed us that our loan would be closed within 5-7 “business days”. This would’ve equated to a funding not later than 7/10/2015. Obviously funding did not occur.

– – On approximately 7/8, we noticed that the Loan Agreement was missing or was being withheld. Both RSA and its representatives requested on several occasions that the Loan Agreement be made available but without response from Balimo Investments AG or Mr Gosta.

– – On 7/20/2015, Mr Gosta sent to us the Loan Agreement. We reviewed it and became shocked when Balimo, for the first time, inserted a clause for a “4% Transmission Fee”. While we were very angered by the “Bait & Switch” that had just occurred, we were too far along in the process not to conclude the transaction and believed that a loan fee was not uncommon for financing in our industry. The important thing to note is that there was No due date for this mysterious Transmission Fee. When we discussed this troubling turn of events with Mr Gosta and Balimo we were told that it “due now and payable” even though there was no due date stated, it had not been properly disclosed and as is customary in the financing industry, any loan fees are not payable until the financing institution or bank actually closes on the loan and funds it. The lender then earns its “fee”.

– – Matters became worse between Balimo Investments AG and our company as we tried to negotiate a reasonable accommodation for both parties. Mr Gosta became quite arrogant with us and told us to “go to the FBI” if you’d like, it won’t do you any good. At this point Mr Gosta also informed us that he was only an “employee” of Balimo and didn’t have authority in this matter; however, on 8/3/2015 we received a Skype message from Gosta that he had agreed to reduce the Transmission Fee to 3%. We responded by telling Gosta that he had lost our trust and that we would not send any more money to a group that lacks any and all forms of integrity.

-- Further we have recently learned that the escrow agent might be in breach as they are no longer in possession of the escrowed funds. According to the "Escrow Agreement", the "agent" is to keep in it's possession at all times the $250,000 escrow. We believe that a breach of the escrow agreement has occurred and that the entire escrow was sent to Balimo. This violates the "Escrow Agreement" and places the escrow agent at risk. The "Escrow Agent" in the agreement is listed as PROMIS Service

We Are Very Concerned At This Point!

Key officials of Balimo include: Asbjorn Gosta

Jerome Cedric

Eric Holin

Bosshard Kurt

Albert Aldrich

Balimo Investments AG

Related Articles - balimo investments ag, fraud, decepetion, extortion,

Email this Article to a Friend!

Receive Articles like this one direct to your email box!
Subscribe for free today!

 Rate This Article  
Completely useless, should be removed from directory.
Minimal useful information.
Decent and informative.
Great article, very informative and helpful.
A 'Must Read'.


Do you Agree or Disagree? Have a Comment? POST IT!

 Reader Opinions 
Submit your comments and they will be posted here.
Make this comment or to the Author only:
*Your email will NOT be posted. This is for administrative purposes only.
Comments: *Your Comments WILL be posted to the AUTHOR ONLY if you select PRIVATE and to this PUBLIC PAGE if you select PUBLIC, so write accordingly.
Please enter the code in the image:

 Author Login 
Register for Author Account


Advertiser Login


   Limited Time $60 Offer!
   90  Days-1.5 Million Views  


Great Paranormal Romance


Steve Bye is currently a fiction writer, who published his first novel, ‘Looking Forward Through The...more

Author of four books and two screenplays; frequent magazine contributor. I have four other books "in...more

At LeadGenerators, we specialise in content-led Online Marketing Strategies for our clients in the t...more

Stevert Mckenzie, Travel Enthusiast. ...more

Susan Friesen, founder of the award-winning web development and digital marketing firm eVision Media...more

Rev Bresciani is the author of two Christian books. One book is an important and concisely written b...more

I am not a writer nor am I trying to become a writer. I am an average person with average intelligen...more

Kiranpreet (Kiran) Kaur, D.D.S., who received her Doctor of Dental Surgery degree from the prestigio...more

Steve Burgess is a freelance technology writer, a practicing computer forensics specialist as the pr...more

Joanna Morgan has a huge passion for making money online from home and enjoys traveling around the w...more

HomeLinksAbout UsContact UsTerms of UsePrivacy PolicyFAQResources
Copyright © 2020, All rights reserved.
Some pages may contain portions of text relating to certain topics obtained from under the GNU FDL license