proof of fund

[Cappuccino]

Wayne.

thanks dear, for your thoughts, but my loan is towards my car and i have more then enough funds

should i have new bank account or fixed deposit ???

cheers

Then my apologies, as I said, if I misunderstood you.

But why try to conceal things from CIC? If you had adequate funding even without the loan, what was the problem in providing the bank statements? A simple explanation that the loan was to buy a car and should have sufficed, especially since you've said you had adequate funding without this loan.

Now if CIC ask for bank statements and they see the large amount, it will require explaining and it would have looked better to show and explain this with the initial application, rather than having to explain it to them after the fact.

And why would you need a new bank account or fixed deposit, what's wrong with using the account your money is currently in?

Wayne.

 

[Cappuccino]

i have observed one thing. do you remember that guy immigration1 who was declaring he cheated cic for claiming relative's points and he was proud and brave to do that. i have not seen him after you threatened him that you are going to report him. i think he got scared and ranaway . i think he has left this forum.. ;D

Yeah of course I remember immigration1 He said he was leaving, perhaps he realised how dangerously close he was to being reported for immigration fraud.

At the time I was in the UK, and there is no way easy way to call immigration to report people unless you are living in Canada, which is the only reason I didn't report him for fraud. Now I've actually landed we are going back to the UK for a few weeks from tomorrow, but hoping to be back permanently by October.

And once I am back permanently there is an easy number to call to report immigration fraud, so I still haven't ruled out reporting him!

Seriously, he's disclosed his NOC, his visa office and the exact date and location he took his medicals - it really won't take a rocket scientist at CIC to locate his file. He said he only provided the fraudulent proof of relative "just in case" they didn't award him enough points. But he got 70 total points which means only 65 of those points were merited legitimately. So that's 1 honest person now who won't be going to Canada because of him.

Wayne.

 

[Cappuccino]

if loan is for car why didn't you show your full statement before? and if you have more than enough funds why you took loan? come on don't play games here..

It certainly sounds fishy, doesn't it?

He deliberately doesn't include statements so he can hide the loan from CIC, now is asking about opening a new account or a new fixed term deposit instead of his current account. Yet maintains he has plenty of money and didn't need the loan for proof of funds. Hmmmmmmmmmmmm

Wayne.

 

[azazaz]

It certainly sounds fishy, doesn't it?

He deliberately doesn't include statements so he can hide the loan from CIC, now is asking about opening a new account or a new fixed term deposit instead of his current account. Yet maintains he has plenty of money and didn't need the loan for proof of funds. Hmmmmmmmmmmmm

Wayne.

offcourse it does. i think after reading your first post he changed his statement. he is trying to be clever now

 

[azazaz]

Seriously, he's disclosed his NOC, his visa office and the exact date and location he took his medicals - it really won't take a rocket scientist at CIC to locate his file. He said he only provided the fraudulent proof of relative "just in case" they didn't award him enough points. But he got 70 total points which means only 65 of those points were merited legitimately. So that's 1 honest person now who won't be going to Canada because of him.

Wayne.

absouletely right...he shouldn't have claimed 5 points and then he was not eligible

 

[DBXtoCAN]

azazaz

Its simple, auto loan interest is 4% here ia UAE ( lowest in the world )

If I have same amount as fixed deposit u get around 8.5%

So take the car on loan and fix deposit ur savings

Yes it’s a game isn’t it ??????????

cheers

 

[azazaz]

azazaz

Its simple, auto loan interest is 4% here ia UAE ( lowest in the world )

If I have same amount as fixed deposit u get around 8.5%

So take the car on loan and fix deposit ur savings

Yes it's a game isn't it ??????????

cheers

so you are making money on car loan and then showing the same money as proof of funds to CIC and at the same time hiding your loan and showing the closing balance only. your second lie is you said to wayne you are well off and you have more than enough money to show as proof of funds? where is that then??

you are cheating, man and a lier also, so like wayne said we hope you are caught......

 

[Cappuccino]

azazaz

Its simple, auto loan interest is 4% here ia UAE ( lowest in the world )

If I have same amount as fixed deposit u get around 8.5%

So take the car on loan and fix deposit ur savings

Yes it's a game isn't it ??????????

cheers

Ok, even if you are telling the truth - proof of funds must be net of any debts. If you took a big loan, then this is a debt which must be offset against the total funds you have available.

So even if you have got full proof of funds, but then took a loan to buy a car - if they are about the same then you have zero UNENCUMBERED debts.

I guess this is why are you trying to conceal the debt from CIC.

Of course, the car is an asset but cars cannot be used as proof of funds so the vehicle would have to be sold before it could be used.

So, because your funds are no longer unencumbered by debt, you are still a long way short of funding if the two are approximately the same amount.

Wayne.

 

[Cappuccino]

Dear Wayne,

1) He hasnt bought any car. Read carefully his post. He said he took the loan actually for car and then he put that money in bank because interest is less on car laon but profit is more if you put that money in fixed deposit so he is making money on this loan and didn't buy any car. He is acting cleverly

2) He used this loan money as proof of funds to fool CIC. He is cheating here and like you said I also hope he get caught.

But the annoy part is - he will probably get away with it.

I really don't understand why CIC don't INSIST you provide 12 months history (statements, receipts etc) for the money you are using for proof of funds. It would help to ween out the fraudsters right from the CIO stage and help reduce the burden at visa offices having to process fraudulent apps.

Wayne.

 

[azazaz]

But the annoy part is - he will probably get away with it.

I really don't understand why CIC don't INSIST you provide 12 months history (statements, receipts etc) for the money you are using for proof of funds. It would help to ween out the fraudsters right from the CIO stage and help reduce the burden at visa offices having to process fraudulent apps.

Wayne.

you right this is sad truth. can you inform cic directly by giving feedback that people are acting like that. thx

 

[Cappuccino]

you right this is sad truth. can you inform cic directly by giving feedback that people are acting like that. thx

I have been on the verge of reporting people for fraud on several occasions. However, there is no easy way to do this from outside of Canada.

In approximately 4 weeks I permanently move to Canada, after which I am considering contacting CIC with details of any fraudulent applications I hear of or find out about.

Wayne.

 

[azazaz]

I have been on the verge of reporting people for fraud on several occasions. However, there is no easy way to do this from outside of Canada.

In approximately 4 weeks I permanently move to Canada, after which I am considering contacting CIC with details of any fraudulent applications I hear of or find out about.

Wayne.

thats great. please do let me know what cic responds. i am with you in this fight....

 

[Cappuccino]

thats great. please do let me know what cic responds. i am with you in this fight....

Just a few off the top of my head:

bkcnbr - borrowed funds used (he got his visa last month)
immigration1 - fraudulent proof of relative documents
kg_bang - borrowed funds used
jams2 - borrowed money from father (seems he mailed a new application Aug 2011, wonder if he used the same borrowed funds as proof?)

Wayne.

 

[azazaz]

Just a few off the top of my head:

bkcnbr - borrowed funds used (he got his visa last month)
immigration1 - fraudulent proof of relative documents
kg_bang - borrowed funds used
jams2 - borrowed money from father (seems he mailed a new application Aug 2011, wonder if he used the same borrowed funds as proof?)

Wayne.

good work........keep it up buddy......

 

[Vangelis21]

A quick question. We are 3 people (2 adults and an infant - 11 months old currently). This counts as 3 or as 2 people? Sorry if it is a stupid question, just to make sure that the infant is indeed to be counted towards the POF