Mike Grout & Associates Scrap Metals & Used Rails Scam Internet

Mike Grout & Associates has is a Scrap Metals and Used Rails Broker on the Internet.

Mike grout asks for buyers to make large money deposits which he will steal.

Complaints against this scammer date back to 2006 (See Below). I found 7 complaints about this Scammer on the internet.

He sends buyers a Soft Corporate Offer (SCO) where he writes:

"Note: No Bill of Ladings, Warranties, SGS Reports, or past fulfilled Contracts will be presented as "Past Performance," sanitized or not, for the following reasons: Against Trade Regulations, Against stated SGS Policy, Violates Formal Contract Confidentiality between Buyer & Seller, Most Importantly - if seller is a U.S. Company, it violates U.S. Law."

These are all False!

Mike Grout is running a Pre-Payment Scam where his SCO requires the buyer's bank to make a Bank Guarantee which he can borrow money from and never pay it back.  The buyer's Funds are Blocked by his bank because that is what a Bank Guarantee does.

His SCO says:  "A BG or SBLC for up to 2% of 1 month shipping is required depending on the buyers bank credit rating or an up front $25,000.00 to ensure buyers LC will open."

Mike Grout is stealing $25,000 USD from buyers with this Deposit requirement.

Mike grout refuses to provide buyers with any Past Performances which would show he has made successful shipments before.

Mike Grout refuses to let buyers visit to inspect his scrap metals or used rails yards. That's because they do not exist.

If someone write to him to complain about his Payment Terms or required Deposits, Mike Grout replies by insulting them and calls them "idiots".

Stay away from Mike Grout & Associates.