payment agent scam / fraud ?

i am considering entering into an agent agreement with this uk-based company and i would like an attorney to review the agreement before i sign it. i would like to know if it is fair and safe for me to enter into this agreement and explain in plain and simple english what this agreement means.

AGENT AGREEMENT

This Agreement made the 25th day of July, 2007, of three (3) pages, between xxxxxx - 5TECH UK LTD., (1 Northey Street, London, E14 9BT, United Kingdom), its affiliates, agents, principals, and subsidiaries wherever located, and xxx,

Address: xxxxxx CA 95209


Accordingly:
Whereas 5TECH UK LTD. wishes to appoint xxxx its resident payment agent and/or resident receiving agent for the limited purpose of receiving, making, and/or transmitting payments within, to, and/or out of the United States that result from or are related to the import and export activities of 5TECH UK LTD. and its subsidiaries, affiliates, representatives, other agents, trading and/or contract partners, and other business associates howsoever characterized, of buying and selling, inter alias, consumer and electronic goods in to and/or out of the United States;
Whereas the appointment of a resident payment agent and/or resident receiving agent in the United States will result in critical and valuable time savings to 5TECH UK LTD. in the confirmation of receipt, payment ,and other transfer of funds associated with its import, export, and other business activities described above;
And whereas xxxxxx agrees to act as the resident payment agent and/or resident receiving agent of 5TECH UK LTD. according to the terms and conditions below,

Therefore, the parties agree as follows:
5TECH UK LTD. hereby appoints xxx as resident payment agent and/or resident transfer agent in the United States. As such, xxxxx as agent of 5TECH UK LTD. is to receive and remit on behalf of 5TECH UK LTD., and solely as its agent, various payments from time to time via bank wires, fund transfers, Western Union, or other
electronic trade payment means from or to trade and/or contract partners and agents of 5TECH UK LTD. that are resident in the United States or elsewhere that result from or are related to the import, export, and/or other business activity of 5TECH UK LTD. described above.
5TECH UK LTD. shall notify xxxx of such payments prior to receipt. 5TECH UK LTD. shall also provide clear instructions for the remittance of funds by
xxxxas directed by 5TECH UK LTD.
The banking coordinates of xxxx for receiving payments are as follows:

Account Holder (Company or Personal ):
Account Holder Address:
Account Holder State/Zip:
Account Holder City:
Account #:
Bank Name:
Bank Address:
Bank Routing #:

As of the date of this Agreement, the normal hours for receipt and/or remittance of domestic and international bank wires, fund transfers, and other electronic trade payments via the bank identified above are Monday to Friday, 9:00 AM to 2:00 PM, all U.S. federal, state, and local holidays excluded
Upon receipt by xxxx of such payments, xxxxx shall forthwith notify 5TECH UK LTD. of such receipt. Upon full clearance of such payments and final posting to its account, xxx shall then pay such amounts, minus the agreed agency fee and costs described below, to parties in such manner as advised and directed by 5TECH UK LTD.. Upon such payment, xxxx shall forthwith notify 5TECH UK LTD.. Each party shall provide the corresponding bank confirmation code, date/time, and other payment details. In consideration of its actions as resident payment agent and/or resident receiving agent, 5TECH UK LTD. shall pay to xxx the sum of ten percent (10.00%) of the gross amount/value of all funds received clear and unencumbered in hand as cash by xxxx after deduction of bank fees and any other fee, cost, tax, impost, duty, customs due, or charge imposed by the bank or other party upon either the receipt of such funds, dealing in such goods, or the remittance or payment therefore. In all circumstances 5TECH UK LTD. is irrevocably responsible and liable for all such fees, costs, taxes, imposts, duties, customs due, or charges, without limitation. If a minimum of 1000USD/month paid to xxx will not be reached then 5TECH UK LTD. shall pay to xxxx the rest of this amount of 1000USD(onethousanddollars)

that is a scam and they will send you fraudulent checks and you will be liable--show the police if need be

Did they contact you via Career Builder? I am looking into that job too and to some of my friends it seemed kind've fishy...you know. Like that to go to be true type of thing. I am trying to look them up but it seems like they only have a website for them. I don't know though...are you still going to go for it?

See also -- http://www.worldlawdirect.com/articl...eck_scams.html -- Regards.

It is a scam and you can report it to the FBI if you wish.

They sent me the same agreement and I am worried now because they know my full name and address. Can they get more information from that too? I mean come on...I don't want to get in trouble with the law or anything. They have my email too...now I am getting worried.

They did get me since they sent me travellers checks to cash and western union them the monies. I am scared to death what should I do?????

[randalljd]

See also -- http://www.worldlawdirect.com/articl...eck_scams.html