Profile For Bruce M.

Thanks for all the replies. I was pretty sure it's a scam. Doing research, I can't find anyone who has done this and been burned but also no one who has done it and it worked either, so no good data out there to go on, that's why I posted here, who better to ask...

When he first mentioned the idea, I said don't do it, but please send the info. The info I posted is what he sent me. I really thank you all for validating my feeling on this. I will pass it on and hope he does not make this investment.

And @PackRat - I'm glad you got a good laugh.

A friend of mine who lives outside the US was approached with an investment opportunity in the trucking industry here in the U.S. Below are the details he shared. It all sounds like a scam to me, but thought I would check with the experts here on this forum. I am not in the trucking industry but in trying to research this for my friend, I found this great forum.

Investor/Owner - enters into contract with Operator Investor puts in $70K for purchase of a truck (2014 or newer, Freightliner, Volvo, Mack, Kenworth or International with less than 600k miles) Truck is titled in Investor's name Operator pays $2,200 to lease truck from Investor - Operator pays for ALL maintenance, insurance, repairs and keeps truck in working order At end of 5 year lease, truck is still Investor's property and can sell or enter new lease agreement

Invest: $70,000 from Investor Lease payments: $132,000 to Investor Truck residual value at end of lease: $15,000

Profit in 5 years: +132,000 - 70,000 + 15,000 = $77,000 Profit per year = $15,400 Rate of return = 22% / year

This all seems too good to be true. Even if the $70K investment of the truck seems high (at least from my limited research for a 2014 truck), it seems like they are still promising a good return on the investment. Where else can you get a guaranteed 22% return per year? I told my friend this was too good to be true and it seems like a way that someone here in the U.S. is taking advantage of foreigners with a promise of high returns. I welcome any thoughts from the experts on this forum.