Archive for the ‘Purchase Frauds’ Category

Collect Payments For Us, ONLINE SCAM

Monday, September 29th, 2008

This is a huge scam that has been unfolding for a couple of years now. The intensity of this online scam has recently grown for obvious reasons. Innocent people searching for part time employment, the thrill and convenience of working from home promised by the scam and ofcourse the ease with which you can make money. You need to be aware of this scam as the whole project is a fraud in most of the cases.

You get an email from a supposedly huge firm, they sell globally and specially in your part of the globe. They are so busy selling that they need someone to collect money on their behalf. The online scam then details how you can become their agent to collect payments for them. As explained by them, you provide bank details, address etc. The scammers make the sale and direct the innocent buyer (the victim) to make payment to you.  You keep a part of the payment, this is your commission the amount is tempting enough to fool many people into falling for this online scam. The remaining part of the collected funds are transferred by you to the seller (the scammer). All sounds good so far since you actually DID, make some real money in this transaction.

The plot gets worse as you move ahead. The scammer who is supposed to ship a product or offer some service to the buyer, never does his part! The money was however paid by the innocent buyer to you. The scammer already gets paid real cash by you, the amount that you sent the scammer after deducting your commission. The innocent buyer has only one proof in legal terms, the fact that he paid money to you. The legal action starts, your bank or local police gets informed of the online scam, by the innocent buyer. You were innocent to start of with but now, in the eyes of the law and the innocent buyer you are the perpetuator of an online SCAM!.

Be aware of this SCAM, if you are tricked into entering into a deal that is even slightly similar to the one mentioned above, STAY AWAY. It is almost 100% sure that it is a fraud, you will have little recourse to the law as the payment was sent to you. Pass this link to your friends and relatives. As the world economies slip lower into trouble, this online scam is poised to drag more innocent victims into its dragnet.

Fraud Alert, Ship To Singapore, Indonesia, Africa

Monday, May 19th, 2008

This is not a new online fraud but the consistency and perseverence of the fraudsters is amazing. The emails received are quite standard, the contents have remain unchanged for the past 3 to 4 years. From the modus operandi it does appear to be a closely knit group of online crooks. It does sound strange that the long arm of the law has not yet managed to snuff the gang out of their dangerous tactics.

The email you receive in this online fraud will have a few similar features:

(a) The ‘buyers’ generally claim to be from Singapore or Indonesia. They might also say that they are from the U.S or U.K. For U.S and U.K fraud emails, the requested shipping destination for the merchandise is generally given as a destination in Africa. The writer claims to have a chain of jewelry stores in Africa that is starving for your high priced merchandise.

(b) This fraudulent email claims to have seen your wesbite and found a keen interest in your merchandise. There might also be items from your website quoted in the email. The most striking part of these email frauds is that, the item description (if mentioned in the email) is a direct ‘cut and paste’ description. The fraudster generally selects the highest priced item and then requests a quote for 15, 50 or maybe more pieces. This is what excites innocent sellers, the idea of making a huge sale seems to blind you from the underlying dangers.

(c) Another feature of this online fraud is that, the ‘buyer’ says that before making the purchase he would need confirmation of some payment mode. Visa card, AMEX or even Western Union might be touted as some of his preferred mode of payments. The money would ofcourse never be paid to the seller or be paid through a credit card that belongs to someone other than the buyer!

(d) The sender of the email almost always, uses a free email address. The email address might not be a Yahoo or Gmail or Hotmail as everyone knows about these. Remember that a thousand other websites offer free email addresses and these are preyed upon by these online fraudsters. Our network team has come across cases where non free email addresses belonging to U.S universities, reputed companies etc have also been used to perpetuate these online frauds. Such email addresses are most likely hacked or probably belong to students or staff that are a part of this online security problem.

(e) The websites most likely to be targeted include jewelry, watches, expensive electronic gadgets etc. The fraudster seems to have a liking for small sized items with a big price tag.

Remember that you will never get paid for the merchandise you ship. Even if you do get a credit card payment in advance, you will soon get a reversal request (actually a demand) from the credit card company. This is because the online fraudster rarely owns or uses his own credit card. You will be obliged to refund the payment to the credit card company and will have no claims on the expensive merchandise that you have shipped.  

It is in your interest to delete such emails and do nothing. Keep your friends and relatives informed about this fraud. No authority that we know of has been willing to track down such online fraudsters. With official power it would be quite easy to trace the receiver of the merchandise as the merchandise moves to him. The fraud in the email is glaring the moment you receive it, so tracking the merchandise and payment all the way would be no problem. Either the interest or importance of this online fraud is being ignored or underestimated.