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 : These are accounts that are
mainly used for currency exchange (forex) trading. They enable currency
traders to move funds back and forth between accounts as they buy and sell
currencies in different markets.
 : The term "Parallel Account" is
frequently used in the UNDERGROUND
NETWORK. It is important to understand the INTERMEDIARIES
in the Underground Network usually do not know what they are talking
about. They take the word of another intermediary without
question.
An account at a foreign or offshore
bank into which one is supposed to transfer funds for
"investment." The conditions of the account are that a financial
group, "funder", trader, dealer, or other alleged financial bigwig
will have control over the account in any one of several ways. The object
is so that funds can be used to purchase and sell securities for high yield
profits. One of two things actually happen - either the funds are
immediately withdrawn and placed in a scammer's pocket or the account is
used for money laundering, disappearing into the scammer's pocket through a
series of transfers.
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