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Security Bond?

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  • Security Bond?

    I have invested more than 100KUSD in shares in a company in Asia. Now when they are to be sold I am asked to pay a "Security Bond" of 20%, ie another 20.000USD! It is only a "deposit" and only for my securite, says the broker.
    I have never heard of something like this and wounder if it´s a scam afterall.

    Can someone give advice?

  • #2
    Wow, sorry I have nothing to add to your situation, I hope things work out.

    As Dave Ramsey says, "Don't invest in anything that you can not explain to someone else".

    Best of luck

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    • #3
      Can you pull out a smaller amount, say $10,000 so your bond would only be $1,000 to see if all goes well? This would limit your further exposure to losing more money.

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