FRAUD ALERT

 

FRAUD ALERT-RED FLAGS FOR SCAM LEASE OFFERS

It is an unfortunate fact that a high percentage of the business deals appearing on the internet are not genuine but are fraudulent scams of one sort or another.

Those of us in the business community hoping to secure real transactions have to take appropriate precautions.

Elementary “Due Diligence” includes;

1)Test your correspondent against the fraud blacklist web sites;

for instance:

FRAUD ALERT-RED FLAGS FOR SCAM LEASE OFFERS

TOP OF THE LIST ;

5) CORPORATE RE-FUND GUARANTEE ; expose this fraud by asking for the company registration and annual report, passports of all directors and paid up capital; When the fraudster gets your money they closes the company.No recourse for the prospective lessee. Ask the question " if I don't get the instrument how do I reclaim my money; please tell me in detail what i can do ?"

 

It is an unfortunate fact that a high percentage of the business deals appearing on the internet are not genuine but are fraudulent scams of one sort or another.

Those of us in the business community hoping to secure real transactions have to take appropriate precautions.

Elementary “Due Diligence” includes;

1)Test your correspondent against the fraud blacklist web sites;

for instance:

 https://www.bnm.gov.my/microsites/fraudalert/index.htm

https://www.petrofinder.com/carbon/carbon_list.php

https://www.met.police.uk/fraudalert/

 https://www.fbi.gov/scams-safety/fraud

2) Make sure the person/business entity exists in a reliable jurisdiction and in the case of a company is properly registered under  the  regulatory authority and is subject to an acceptable Company law. annual external auditing and filing. Individuals should always be asked for a passport copy. Be aware that there are many instances of “identity theft” A few phone calls may help to establish if the person really is who he claims to be. Don’t be taken in by females who are equally capable and therefore suspect.

3) ADVANCE PAYMENT SCAM; don't have anything to do with lessors asking for PRE-PAYMENT for any reason, including Pre-advice, Transmission charges etc.

4) IDENTITY THEFT; lessor pretends to represent a bank, insurance company or other financial institution ; test this claim by telephoning the named entity and see if the email address is a private domain or one of the free advertising mailers such as gmail, yahoo, hotmail, AOL etc

5) CORPORATE RE-FUND GUARANTEE ; This sounds like it is safe but is in fact a widely used swindle; Once you have paid your money you will find the company is closed down. Even if that is not the case, there is no way you can recover your money except by litigation which costs you more money and is doomed to fail. Expose this fraud by asking for the company registration and annual report, passports of all directors, D&B Report, paid up capital and a Joint and Several Affidavit signed by all Directors. If the offer is a fraud you will not hear any more from this "provider'. There may be some cases where the provider agrees to this proofing; then it may be safe to proceed with the transaction.

6) Other red flags to look for are; 

Provider claims to be a well known corporate entity such as a bank [THE HALIFAX CASE] or insurance company [THE MRS METZ ARMSTRONG CASE]; if you make a call you will find they are not known and the corporation. bank does not do lease business anyway.

Provider asks for payment "WITH FURTHER CREDIT OF' which is non-sense.

The provider's email address is not a corporate address from a genuine ISP but one of the "advertising " mailers, such as gmail, yahoo  etc,etc. where the location is untraceable.

 

7) THE BAIT; any offer under 8% is suspect; it makes no sense for BG owners to ask for less;

 

.

 

 https://www.bnm.gov.my/microsites/fraudalert/index.htm

https://www.petrofinder.com/carbon/carbon_list.php

https://www.met.police.uk/fraudalert/

 https://www.fbi.gov/scams-safety/fraud

2) Make sure the person/business entity exists in a reliable jurisdiction and in the case of a company is properly registered under  the  regulatory authority and is subject to an acceptable Company law. annual external auditing and filing. Individuals should always be asked for a passport copy. Be aware that there are many instances of “identity theft” A few phone calls may help to establish if the person really is who he claims to be. Don’t be taken in by females who are equally capable and therefore suspect.

3) ADVANCE PAYMENT SCAM; Unless you have done comprehensive due diligence on the lessor company don't have anything to do with lessors asking for PRE-PAYMENT for any reason, including Pre-advice, Transmission charges etc. DD includes checking the registration and credit rating, regulatory authority listing such as FSA how long the company has been in existence.

4) IDENTITY THEFT; lessor pretends to represent a bank, insurance company or other financial institution ; test this claim by telephoning the named entity and see if the email address is a private domain or one of the free advertising mailers such as gmail, yahoo, hotmail, AOL etc

5) CORPORATE RE-FUND GUARANTEE ; expose this fraud by asking for the company registration and annual report, passports of all directors and paid up capital; When the fraudster gets your money they closes the company.No recourse for the prospective lessee

6) THE BAIT; any offer under 8% may be suspect;

 

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ICC, FBI AND INTERPOL WARNING

 

WARNING!!! SELLERS AND BUYERS AND OR REPRESENTS From now on, if any DOCUMENT, LOI, BOND, RWA ,POF, BANK STATEMENT, BOND -FINANCIAL INSTRUMENT, is issued and the document is not real, the Buyer will be able to inform the FBI, ICC, and INTERPOL. In addition, after an FCO is sent to the Buyer, there should be a formal answer to Seller from Buyer. If theres no response from the Buyer in a timely manner, the buying company will be reported to the FBI, ICC, and INTERPOL. If this action is repeated by sellers, they too will also be reported for abuse of the NCND, LOI, ICPO, AND RWA OR BCL, BG, POF, BANK STATEMENT, FOR THIS IS A FEDERAL OFFENSE. It is important to transmit this to all clients that work with providers that are members of the ICC,FBI, and other international organizations.   From this point forward, the international codes will be strictly enforced to exclude all intruders that send out false information. Those who submit a false NCND/IMFPA, LOI, ICPO, RWA or BCL, or BG, POF, BANK  STATEMENT ,WILL BE CHARGE WITH A CRIME.   This went into effect on November 15, 2008 after a meeting was held between the Federal Reserve, European Central Bank, Interpol, Federal Bureau of Investigation and Central Intelligence Agency.   The reason for this measurement is to protect the commodities industry which is a fundamental part of the worlds economy.     On this Date of September 23rd, 2011

 

FRAUD ALERT

It is an unfortunate fact that a high percentage of the business deals appearing on the internet are not genuine but are fraudulent scams of one sort or another.

Those of us in the business community hoping to secure real transactions have to take appropriate precautions.

Elementary “Due Diligence” includes;

1)Test your correspondent against the fraud blacklist web sites;

for instance:

 https://www.bnm.gov.my/microsites/fraudalert/index.htm

https://www.petrofinder.com/carbon/carbon_list.php

https://www.met.police.uk/fraudalert/

 https://www.fbi.gov/scams-safety/fraud

2) Make sure the person/business entity exists in a reliable jurisdiction and in the case of a company is properly registered under  the  regulatory authority and is subject to an acceptable Company law. annual external auditing and filing. Individuals should always be asked for a passport copy. Be aware that there are many instances of “identity theft” A few phone calls may help to establish if the person really is who he claims to be. Don’t be taken in by females who are equally capable and therefore suspect.