Terms and Conditions Documentation used in the TCI Investment Club scam
Note: Information contained herein is not an endorsement. It is simply copied from the source as an example of what the scammers required in order to dupe victims.
It is possible that TCI stands for Turks and Caicos Islands.
Update 05/05: It seems that the operation has ceased payments in 2003 and started to implode. Victims have set up a site to discuss the likelihood of ever seeing any money returned. TCI Investment Club Victims
Domain Name: TCIINVESTMENTS.COM registered 03-Sep-1999
Administrative Contact, Billing Contact:
BMI SERVICES (BS1777-ORG) no.valid.email@WORLDNIC.NET
1700 Hyde Park Road - Unit 11
LONDON, ONTARIO N6H 5L7
519 472 8697
Fax- 519 472 6089
Hosted on and Technical Contact:
Network Operations Centre Internet (NO1052-ORG) noc@CANDW.KY
Cable & Wireless CI Ltd
P.O. Box 293 G
Grand Cayman, Cayman Islands
The TCI Investment Club On-Line Application Form
You MUST purchase a Private Safe PC package (for desktop computers)
or a Private Safe PCM/CIA package (for laptop computer) to establish
secure communication with the TCI Investment Club.
To order the equipment necessary, click here: www.privatewire.tv
Before submitting an application to TCI we want any new applicant to be aware that TCI is an Internet based investment club. All communications are via the Internet using encrypted e-mail.
This application contains the entire TCI Investment Club Contractual Agreement. This is not a Public Offering. This Cyber document is an Internationally recognized, legally binding contract.
AGREE OR DISAGREE WHERE REQUIRED. IF AT ANY TIME THE APPLICANT DISAGREES, THE APPLICATION PROCESS WILL AUTOMATICALLY BE TERMINATED.
If application is accepted by TCI Investment Club member will be notified via email and supplied with the most recent wiring instructions. Processing of completed applications will take between one (1) and up to five (5) business days. Refer to TCI "Terms and Conditions" (See below) for a full explanation of how and when any new funds begin to earn interest.
Submission of this information, in no way commits the applicant to participating with TCI Investment Club. The Applicant does however, authorize TCI to make inquiries wherever they require, including a consumer report, regarding all information provided by applicant.
If your application is accepted, you will email a copy of your passport photo page and wire transfer confirmation document to our office. We will contact you with details.
The application consists of the following:
|Client Information Sheet|
|TCI Terms and Conditions|
|Non-circumvention / Non-disclosure Agreement|
|2 Year detailed History of Funds|
|Anti-Money Laundering Affidavit|
TCI IS NOT ASSOCIATED with any other investment club, product, service or association. If ANY secondary party requires that you pay any fee, membership initiation charge or if you have been presented additional paperwork, quoted any potential returns, or if any other requirement has been imposed or demanded by said party, including any requirement to join another organization, club, group, association etc., it is neither authorized nor sanctioned by TCI Investment Club, should be disregarded and reported to the management.
USER NAME OF REFERRING TCI MEMBER:
CONFIDENTIAL CLIENT INFORMATION (detailed)
PASSPORT INFORMATION (detailed)
DRIVERS LICENSE INFORMATION (detailed)
SUBSCRIPTION (ALL FIELDS MANDATORY)
- The Subscriber hereby subscribes
for ___ investment units in TCI Investment
Club (TCI) at a purchase price of
US$5,000.00 per unit. (Minimum 2
- The Subscriber agrees to pay the
total subscription price of US$ ___
by bank wire to TCI upon acceptance
of this subscription by TCI.
- The Subscriber directs that, if
this subscription is accepted by
TCI, the investment units be made
out in the name(s) of: (may be a
corporation or individual) Name(s),
BENEFICIARY INFORMATION -
In the event that the Subscriber or other holder in whose name(s) the investment units are issued is no longer capable of managing the investment units, whether due to incapacity or death, the Company is authorized and directed to take instructions for management from _______.
TCI Investment Club: Terms and Conditions
- The undersigned wishes to be a member of the TCI Investment
Club and understands that this is not a public offering. They
confirm that they have not paid any fee to become a member of
the TCI Investment Club.
- Club member warrants that he or she has received no solicitations
or contact from the Club or any party acting for the Club with
respect to advice regarding any investment and subscribes to
the Club acting of his or her own initiative.
- TCI is an internet based Club and does not have any associates
available for direct communication. All communication to the
Club management is by encrypted messages via email. Member is
required to purchase a Private Safe, a Smartcard and Syncrypt
software. Member is responsible for learning to use all equipment
(Hardware and software.) associated with proper communication
with the Club management.
- Member's funds will not be eligible to receive profit unless
we have a Syncrypt Public Key on file.
- TCI will not be responsible if the Member's communications
to TCI are not received in an encrypted, readable format and
in a timely manner.
- The Terms and Conditions can be modified anytime without notice
and the new Terms and Conditions will supersede any past agreement.
- If any changes are made to the Terms and Conditions they will
appear at the front of our website. When the member signs onto
the website they will have the opportunity to read any changes
to the Terms and Conditions and at that time they may agree or
disagree with any changes in the Terms and Conditions. If there
is a disagreement, e-mail our office for discussion.
- Club member agrees to abide, at all times, by the taxation
laws of the jurisdiction in which he or she resides, with respect
to such participation in Club investment units.
- TCI Investment Club neither warrants nor guarantees a return
on investment. Units placed with Investment Club, are accepted
on a "Best Efforts" basis. Past performance is never
an indication of future performance.
- Club member agrees to keep all passwords strictly confidential.
TCI Investment Club will not be held responsible for negligence
on behalf of Club member regarding loss of smart card and/or
disclosure of passwords that enables access to file and loss
of information and/or funds.
- Club member is restricted to viewing information on their computer
screen only and agrees to never print, fax, e-mail or copy down
information provided. Any breech will cause immediate removal
- TCI allows a thirty-day "cooling off" period. For
those investors who wish to cancel their subscription a full
return of capital, minus a Two Hundred and Fifty dollar ($250.00)
service charge, is offered within this time frame.
- New funds, having met all due diligence criteria, deposited
into TCI's account by the 25th of the month, will participate
in the following months profits. (Due diligence process may take
up to three (3) business weeks.) This is the date that your funds
are received into the TCI account by the receiving bank. TCI
is not a bank and has no control on when your funds are transferred
by the receiving bank into our final credit account. TCI is not
responsible for funds that arrive to the Final destination bank
prior to the 25th of any given month, but are not transferred
to TCI's final credit account until after the 25th day of that
month. TCI is not responsible for funds that are misdirected
by any of the intermediary banks prior to them being deposited
into the TCI's final credit account and will NOT give credit
to Members account until funds are received into TCI's Final
- A statement of account will be posted on the 5th of each month
and will reflect up to the end of the previous month. If profit
is generated, it is posted on this monthly statement. If member
does not withdraw profit, this profit becomes new Principal and
all restrictions with regards to Principal will apply. Any return
shown on a statement is calculated on the Club member's final
balance from the previous month, less any profits taken. If there
is an error or omission in the statement a Club member must notify
TCI Investment Club within twenty-five (25) days after the posting
date of the statement.
- Any withdrawal requests must be on the TCI email address no
later than 5 PM Eastern Standard time on the 10th day of the
month following the statement posting on the 5th day of the same
month. If messages are not received within this timeframe on
the TCI email site in an encrypted and readable format, they
will not be processed.
- TCI will accept new members to the club. New members may NOT
withdraw any interest for their first twelve (12) months.
- If a member wishes to withdraw their principal they may do
so on the one-year anniversary date of their principal deposit.
For example (1): Members principal begins earning interest on
July 1. This principal amount may be withdrawn after the July
5th statement one year later. If principal is not withdrawn after
the anniversary statement, the principal will be rolled over
and re-invested for one year from that date. For example (2):
A profit is available after the October 5th statement is posted.
If it is not requested, it will be rolled over and re-invested
for one (1) year from that date.
- In members second year with the Club, member may withdraw up
to 100% of available profit posted on the monthly statement up
to TWICE yearly.
- In members third year with the Club, member may withdraw up
to 100% of available profit posted on the monthly statement up
to THREE TIMES yearly.
- In members fourth year with the Club and all subsequent years,
member may withdraw up to 100% of available profit posted on
the monthly statement up to FOUR TIMES yearly.
- A members starting date in TCI is the first day that their
funds began earning interest. Please record this date. Check
statement to confirm this date.
- An existing member to the club may add funds to their account
in minimum ten (10) thousand dollar blocks; the member may withdraw
any interest that is earned on these new funds in accordance
with the withdrawal guidelines.
- Withdrawals are not allowed in amounts less than five (5) thousand
dollars. A member must have an available profit (interest) of
five (5) thousand dollars or more in order to take a withdrawal.
- When a member requests more withdrawals in any given year than
are set out in the guidelines, this announces to the Club management
that the member is closing their account. Interest will NOT be
paid on member's funds after the last allowable withdrawal in
any given year is paid. After the last allowable withdrawal in
any given year is paid to the member, the Club will forward the
balance of the members account in equal payments over the next
twelve months. Account is then closed.
- Available Principal or available Profit may be transferred
from an existing TCI account to another existing or new TCI account
in minimums of twenty-five (25) thousand dollars. Any internal
transfer will be treated as a new deposit and will be subject
to all restrictions associated with new deposits. Any internal
transfer will count as one (1) withdrawal by the transferor.
The receiver of the internal transfer must fill out the Online
Application of the club, as any new member would. On the application
when asked for the History of Funds, indicate that the funds
are an internal transfer from - (Record the six letter User Name
of transferring member.)
- Member will pay all bank charges, whether funds are transferring
into TCI's account, or if funds are transferring to member.
- Any bank charges that TCI incurs with regards to incorrect
delivery coordinates supplied by member, or requests for information
by member, will be debited to members account.
- If funds were returned to TCI's account due to incorrect delivery
coordinates provided by member, the disbursement request would
show on the following months statement as a disbursement, then
as an addition minus the bank and transport charges.
- TCI reserves the right to process funds in any way it deems
necessary in order to expedite the transfer of funds.
- Withdrawals requested by Club members are sent via couriered
bank draft. Allow sixty (60) calendar days (45 banking days)
to receive principal and/or interest.
- TCI Investment Club may, from time to time, give any provided
information about member (passport number, source of funds, 2
year history of funds, bank reference) to any person or agency
requiring full disclosure of TCI Investment Club's assets with
whom TCI Investment Club may have or purpose to have financial
dealings. Club member also agrees that TCI Investment Club may
use the information given to establish and maintain a relationship
with said Club member and to offer services as required by law.
- Members agree to keep completely confidential the names of
any banks, lending institutions, corporations, individuals, trusts,
lenders, investors, borrowers, buyers, and/or sellers introduced
by TCI to Member.
- Members will not discuss the clubs dealings with anyone. This
is considered a most serious breach of contract and is dealt
with in the strictest means possible. It is understood and agreed
that TCI Investment Club will terminate, without explanation
or warning, any subscribers ability to participate in any Club
opportunity. In the event of disclosure, assumed disclosure,
circumvention or assumed circumvention, any breach or assumed
breach of this Agreement, either directly or indirectly, the
subscriber's position with TCI shall be immediately terminated.
Subscribers funds will be returned within forty-five (45) banking
days and all profits will be forfeited. If Management removes
a Member from the Club, the member will receive a full return
of their initial principal. (Minus any costs associated with
the return.) If member has withdrawn any profit during any period
prior to an early return of principal, this amount will be deducted
from principal. Member will pay all bank and courier charges
with relation to the early return of principal.
- Members may not pool funds and create an investment group with
any other people. Member will not allow anyone, other than the
original applicant, to deposit funds to their account. This is
considered a most serious breach of contract and is dealt with
in the strictest means possible. It is understood and agreed
that TCI Investment Club will terminate, without explanation
or warning, any subscribers ability to participate in any Club
opportunity, if it is suspected that they are pooling funds and
operating another investment group. If Management removes a Member
from the Club, the member will receive a full return of their
initial principal. (Minus any costs associated with the return.)
If member has withdrawn any profit during any period prior to
an early return of principal, this amount will be deducted from
principal. Member will pay all bank and courier charges with
relation to the early return of principal.
- If at any time a Club member no longer wishes to participate
with TCI Investment Club and they want an immediate payout from
the club, the member will receive a full return of their initial
principal. (Minus any costs associated with the return.) There
is no interest paid. If member has withdrawn any profit during
any period prior to an early withdrawal of principal, this amount
will be deducted from principal. Member will pay all banks and
courier charges with relation to the early withdrawal of principal.
Non-Disclosure, Non-Circumvention Agreement
THIS AGREEMENT by and between the Subscriber, and, TCI Investment Club, by self representation and/or corporate representation, whom, individually and/or collectively represent the Investor(s), Lender(s), Borrower(s), Bank(s), Financial Institution(s), etc., is a reciprocal and mutual contract between all parties; individually and/or collectively. All parties, individually and/or collectively, irrevocably and unconditionally agree to as follows:
- THE PARTIES AGREE to keep completely confidential the names of banks,
lending institutions, corporations, individuals, trusts, lenders, investors,
borrowers, buyers, and/or sellers introduced by any of the parties
or their associates. Such identity shall remain confidential during
applicable transaction(s) and for a period of Five (5) years following
introduction. In all matters of disclosure to third parties, the party
to this Agreement who is the introducing party shall have the final
decision on the information to be disclosed and the method and procedure
of the disclosure to the third parties.
- THE SUBSCRIBER AGREES to payment of bonuses, fees, and/or commissions
in any transaction with any bank, lending institutions, corporations,
individuals, trusts, lenders, investors, borrowers, buyers, and/or
sellers will be paid to parties in percentages on a per transaction
- DISCUSSION OF THE CLUBS DEALINGS with outsiders is considered a most
serious breach of contract and is dealt with in the strictest means
possible. It is understood and agreed that TCI Investment Club may
terminate, without explanation or warning, any subscribers ability
to participate in any Club opportunity. In the event of disclosure,
assumed disclosure, circumvention or assumed circumvention, any breach
or assumed breach of this Agreement, either directly or indirectly,
the subscriber's position with TCI shall be immediately terminated.
Subscribers funds will be returned within twenty (20) banking days
and all profits will be forfeited.
- Subscriber to TCI, agrees to abide by the rules of non-circumvention,
non-disclosure, non-competition, and/or non-solicitation established
by the latest edition/revision of the International Chamber of Commerce,
Paris, France for a period of Five (5) years from the date of this
Agreement. This understanding shall survive the termination of this
Agreement for any reason. No subscriber will attempt to contact, deal
with in any way or solicit the source or customer/contact or each other
at any time, or any manner, without the prior written consent of TCI.
This Agreement shall be kept confidential by and between the subscriber
and TCI, and is NOT to be exposed and/or reproduced in any manner whatsoever,
except on a "need to know" basis, and only then by the written
consent of TCI. This Agreement shall bind the parties, and their heirs,
successors, assigns, and associates, and shall provide as exclusive
agency for parties introduced to this and/or future dealings.
FURTHERMORE, it is hereby mutually agreed that a Cyber Contract of this document including signatures, will be legally binding and deemed legally equal to an original executed Agreement.
I,___________________ , HEREWITH confirm with full personal responsibility that I have funds as referenced above and below at my disposal and under my exclusive control for the purpose of participation in TCI.
I REPRESENT UNCONDITIONALLY, that these funds are free from any and all taxes, levies, duties, charges liens or encumbrances of any nature, are good, clean clear, legally earned and of legal origin and that I am the legal owner and exclusive signatory with respect to the above mentioned funds.
Please give a detailed description of the source of these funds:
THESE FUNDS ARE COMING FROM:
(Specify names and addresses of Banks or Brokerage firms, Account numbers, branch numbers, phone numbers and contact names. Any information you can provide will speed up our due diligence process.)
THE MONEY LAUNDERING CONTROL ACT
The Money Laundering Control Act (the "Act") makes it criminal for anyone to conduct or attempt to conduct certain financial activities that involve the proceeds of unlawful activities. As the transfer of assets into a limited partnership, trust, or other entity may constitute a financial activity within the scope of the Act, it is necessary that you swear under oath that none of the assets intended to be transferred to such entities were derived from any of the criminal activities specified in the Act.
The specified unlawful activities under the Act consist primarily of drug trafficking offences, financial misconduct and environmental crimes. Drug-trafficking offences include the manufacture, importation, sale, or distribution of controlled substances; the commission of acts constituting a continuing criminal enterprise; and transportation of drug paraphernalia.
Covered financial misconduct includes the concealment of assets from a receiver, custodian, trustee, marshal, or other officer of the court, from creditors in a bankruptcy proceeding, or from the Federal Deposit Insurance Corporation, the Resolution Trust Corporation, or a similar agency or person; the making of a fraudulent conveyance in contemplation of a bankruptcy proceeding or with the intent to defeat the bankruptcy law; the giving of false oaths or claims in relation to a bankruptcy proceeding; bribery; the giving of commissions or gifts for the procurement of loans; theft embezzlement, or misapplication of bank funds or funds of other ending, credit, or insurance institutions; the making of fraudulent bank or credit institution entries or loan or credit applications; and mail, wire, or bank fraud or bank or postal robbery or theft.
Environmental crimes include violations of the Federal Water Pollution Control Act, the Ocean Dumping Act, the Safe Drinking Water Act, the Resources Conservation and Recovery Act, and similar federal statutes.
Other specified crimes include counterfeiting, espionage, kidnapping or hostage-taking, the copyright infringement, entry of goods by means of false statements, smuggling goods into the United States or Canada, removing goods from the custody of Customs, illegally exporting arms, and trading with United States or Canada's enemies.
I have read the above summary of The Money Laundering Control Act and swear or affirm under penalty of perjury that the funds that have been or shall be transferred into the various entity accounts established by TCI, with which I am involved, did not originate in contravention of the Act.
The TCI Website, TCI E-mail Site and/or Services is comprised and operated by TCI.
The TCI Website, E-mail site and TCI Services, is offered to you conditioned on your acceptance without modification of the Terms, Conditions, and notices contained therein.
TCI reserves the right to change the terms, conditions, and notices under which the TCI Investment Club services are offered, including but not limited to the charges associated with TCI services. You are responsible for regularly reviewing the Terms and Conditions posted on the website. Your continued use of the TCI Site constitutes your agreement to all such Terms, Conditions, and notices.
Any new Terms and Conditions will supersede any past Terms and Conditions. If any changes are made to the Terms and Conditions they will appear at the front of our website. When the member signs onto the website they will have the opportunity to read any changes to the Terms and Conditions and at that time they may agree or disagree with any changes in the Terms and Conditions. If there is a disagreement, they may e-mail our office for discussion.
PRIVACY AND PROTECTION OF PERSONAL INFORMATION, MEMBER ACCOUNT, PASSWORD, AND SECURITY
TCI requires you to open an account. You must complete the registration process by providing us with current, complete and accurate information as prompted by the applicable registration form.
Within five (5) days you then will be supplied an Internet (Website) Password and a User name.
You are entirely responsible for maintaining the confidentiality of your password and account. Furthermore, you are entirely responsible for any and all activities that occur under your account. You agree to notify TCI immediately of any unauthorized use of your account or any other breach of security. TCI will not be liable for any loss that you may incur as a result of someone else using your password or account, either with or without your knowledge.
However, you could be held liable for losses incurred by TCI or another party due to someone else using your account or password. You may not use anyone else's account at any time, without the permission of the account holder.
PERSONAL AND NON-COMMERCIAL USE LIMITATION
Unless otherwise specified, the TCI Website, TCI E-mail Site and/or Services are for your personal and non-commercial use. You may not modify, copy, distribute, transmit, display, perform, reproduce, publish, license, create derivative works from, transfer, or sell any information, software, products or services obtained from the TCI Investment Club any of its Sites and/or Services.
NO UNLAWFUL OR PROHIBITED USE
As a condition of your use of the TCI Website, TCI E-mail Site and/or Services, you will not use them for any purpose that is unlawful or prohibited by the Terms, Conditions, and notices. You may not use the TCI Website, TCI E-mail Site and/or Services, in any manner that could damage, disable, overburden, or impair any TCI Website, TCI E-mail Site and/or Services (or the network(s) connected to any TCI Website, TCI E-mail Site and/or Services or interfere with any other party's use and enjoyment of any TCI Website, TCI E-mail Site and/or Services.
You may not attempt to gain unauthorized access to the TCI Website, TCI E-mail Site and/or Services, other accounts, computer systems or networks connected to any TCI Website, TCI E-mail Site and/or Services, through hacking, password mining or any other means. You may not obtain or attempt to obtain any materials or information through any means not intentionally made available through the TCI Website, TCI E-mail Site and/or Services.
USE OF SERVICES
TCI reserves the right to terminate your access to any or all of the Club Services at any time, without notice, for any reason whatsoever.