IPID, IPIP, DTC “Heritage Funds” and the Dropbox Proof of Funds Trick
Picture Dr. Patel opening a link to a “heritage fund” PDF in Dropbox claiming $200 billion is ready to download. It has all the trappings: a bank logo, a fancy footer and a promise of instant wealth. This is the Nigerian-prince scam reimagined: pay a small fee and unlock a fortune. But does any bank truly deposit sovereign or corporate reserves in a zip file for strangers?
What These Codes Promise
| Term | Pitch | The Reality |
|---|---|---|
| IPID / IPIP | “Inter-Platform Instant Deposit/Payment” that posts value in seconds | No clearing house or central bank supports IPID or IPIP |
| DTC Cash Transfer | Move cash like securities on the DTC ledger | DTC only handles securities; cash uses Fedwire or CHIPS |
| Heritage Fund Download | Click to release billions locked on a private server | Ledgers update only on confirmed fund deposits, never via zip |
Spotting the Signature Patterns
- The first tranche always starts at USD 1 billion and scales up to $500 billion as if by magic
- Proof arrives as screenshots or file-share links instead of authenticated bank messages
- No underwriting, no collateral review, only a demand for your “processing” fee
- The bank name is household—yet they claim they cannot send a live SWIFT message
How Professionals Get Duped
A boutique law firm once spent weeks verifying a doctored statement. They never asked for the BIC, the value date or a correspondent call. Do you check your own bank balance without logging in? Real money movements require ledger entries and formal confirmations, not a forwarded PDF.
Questions That Break the Spell
- Can you send an authenticated MT199 to my bank instead of a PDF?
- Which correspondent bank holds the funds and what is its SWIFT BIC?
- Where are the audited financial statements for the issuing entity?
- Under which jurisdiction are the assets pledged and how can I review the security agreement?
- Why not use SWIFT, Fedwire or SEPA, which settle in central bank money?
- Which investment committee approved moving USD 1 billion and why involve total strangers without underwriting?
- Do you have a physical office and a dedicated relationship manager I can meet?
Why the Download Idea Fails
Banks only debit or credit nostro accounts when they hold cleared funds or pledged collateral. A PDF in Dropbox cannot trigger any entry. Think of your bank app: you can’t transfer money you don’t have.
Real Routes to Legitimate Capital
- Private placements under Regulation D with escrowed subscription proceeds
- Secured notes backed by perfected pledges of inventory, receivables or real estate
- Export-credit agency guarantees tied to actual purchase orders
- Collateralized standby letters of credit issued by rated banks under ICC rules
Next time someone promises a shortcut to hundreds of billions in “heritage funds,” ask the questions above and watch the truth surface. When the answers stop coming, walk away before your fee disappears.
