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Victims speak out after being scammed in Box Scheme

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DEAR EDITOR:

I recently read a story about being scammed by a young lady who throws boxes. I am also a part of this box, and it is disheartening to see the turn this situation has taken concerning my financial well-being.

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Despite numerous warnings from others about such boxes, I still decided to join. I won’t stay silent like the person who shared their experience before me. I joined a box with P. Enterprise on November 6th, 2023.

Regrettably, I signed contracts without meeting the box owner in person, as she had employees. Reflecting on it now, that was my mistake, as I blindly trusted someone with my money without proper verification. I was investing $200 weekly with two hands.

I never met the box holder until money started going “missing,” as I would drop off my weekly contribution, and her employees would handle the transactions.

The box holder’s version of events was that she was targeted and robbed. However, I witnessed disgruntled customers interacting with her employees, who were clearly doing their best.

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One incident left a girl close to tears after dealing with someone fed up with the box holder’s actions.

My entire interaction with the box was through her employees, which, in hindsight, seems suspicious since she was often absent, especially during confrontations at her store.

Like others, I have not received any funds from this scam.

The box holder suggested we could drop out after the theft but continue contributing, with altered dates and funds transferred to her personal account.

I refused, questioning why I should transfer money to her personal account. I chose to leave the box but was told refunds would only be possible after the box’s completion, leaving me devastated, and apparently, I’m not alone.

Throughout this ordeal, the box holder claims to have been robbed of box and personal funds, yet her store continues operating, seemingly thriving post-robberies.

I urge everyone not to join such boxes. Learn from my mistake.

Sincerely, Scamher

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REQUEST FOR EXPRESSIONS OF INTEREST

(CONSULTING SERVICES – INDIVIDUAL SELECTION)

 

OECS MSME Guarantee Facility Project

Loan No.: IDA-62670, IDA-62660, IDA-62640, IBRD-88830, IDA-62650

Assignment Title: Senior Operating Officer (SOO)

Reference No. KN-ECPCGC-207852-CS-INDV

 

The Governments of Antigua and Barbuda, Commonwealth of Dominica, Grenada, St. Lucia and St. Vincent and the Grenadines have received financing in the amount of US$10 million equivalent from the World Bank towards the cost of establishing a partial credit guarantee scheme, and they intend to apply part of the proceeds to payments for goods, and consulting services to be procured under this project. 

The consultant will serve as the “Senior Operating Officer (SOO)” for the ECPCGC and should possess extensive knowledge of MSME lending with some direct experience lending to Micro, small and medium-sized businesses, knowledge of the internal control processes necessary for a lending operation and the ability to design and implement risk mitigation procedures. The ideal candidate should possess an Undergraduate Degree from a reputable college or university, preferably in Business, Accounting, Banking or related field, with a minimum of 5 years’ experience in lending, inclusive of MSME lending. The initial employment period will be for two years on a contractual basis. Renewal of the contract will be subject to a performance evaluation at the end of the contractual period. The assignment is expected to begin on September 30th, 2021.  The consultant will report directly to the Chief Executive Officer of the ECPCGC.

The detailed Terms of Reference (TOR) for the assignment can be viewed by following the attached link below. 

 

https://bit.ly/3iVannm

 

The Eastern Caribbean Partial Credit Guarantee Corporation (ECPCGC) now invites eligible “Consultants” to indicate their interest in providing the Services. Interested Consultants should provide information demonstrating that they have:

  • An Undergraduate Degree from a reputable college or university, preferably in Business, Finance, Banking or related field; and
  • Minimum of 5 years’ experience in MSME lending. Applicants should also have:
  • The ability to design and implement risk management procedures 
  • Extensive knowledge of MSME lending with some direct experience lending to small and medium-sized businesses
  • Extensive knowledge of MSME banking operations
  • Knowledge of the internal controls necessary for a lending operation and the ability to design and implement risk management procedures
  • Experience developing and presenting information in public, including responding to questions in real-time
  • Experience lending to MSMEs located in the ECCU
  • Knowledge of marketing and communicating with the MSME sector
  • Ability to draft procedures to be used in a lending operation
  • Familiarity with the mechanics of a loan guarantee program
  • Exceptional written, oral, interpersonal, and presentation skills, and
  • Proficiency in the use of Microsoft Office suite.

The attention of interested Individual Consultants is drawn to Section III, Paragraphs 3.14, 3.16, and 3.17 of the World Bank’s Procurement Regulations for IPF Borrowers July 2016, [revised November 2017] (“Procurement Regulations”), setting forth the World Bank’s policy on conflict of interest. A Consultant will be selected in accordance with the Approved Selection Method for Individual Consultants set out in the clause 7.34 of the World Bank Procurement Regulations for IPF Borrowers. 

 

Further information can be obtained at the address below during office hours 0800 to 1700 hours:

Eastern Caribbean Partial Credit Guarantee Corporation

Brid Rock, Basseterre,

St. Kitts.

Expressions of interest must be delivered in a written form by e-mail by August 11th, 2021, to [email protected]

 

For further information, please contact:

Carmen Gomez-Trigg                                                            Bernard Thomas

Chief Executive Officer                                                          Chief Financial Officer

Tel: 868-620-8144                                                                  Tel: 869-765-2385

Email: [email protected]                                          [email protected]