About fraud

INVESTMENT TO NIGERIA

Nigerian scam letters are well known throughout the world. Now scammers have invented new methods to steal your money. Nigerian scam letters are well known throughout the world. Usually the scammers pretend to be relatives of an executed president or any high ranked official who left enormous sums of money hidden... More info >>>

POSITIONS FOR SALE

Scammers were selling positions in the Presidential Executive Office and as governors and mayors. Russian police have uncovered a group of scammers that were selling the highest positions in Russian governmental offices. The group consisted of four people; one of them was a former colonel of EMERCOM (Emergency Control Ministry) and... More info >>>

SUSPICIOUS OIL DEALS

Companies from Russia and UAE were involved in suspicious oil transactions. The ICC Financial Investigation Bureau (FIB) has uncovered a suspicious oil transaction worth approximately USD 30 million. The transaction, involving Russian and United Arab Emirates (UAE) companies, was referred to the Bureau by a member bank who understood... More info >>>

NO TRIPS ABROAD FOR DEBTORS

Last year Russian authorities implemented a special law preventing debtors from travelling abroad. If a person has unpaid debt and disobeys the court’s decision to pay it, the bailiff can report this person to Federal Immigration Services and to Federal Security Services who can put the debtor on a stop-list and... More info >>>

”BEST” OFFER WITH HIDDEN COSTS

Dishonest suppliers can hide certain costs to secure an order and the final invoice will be higher than the buyer expected. This technique if often used by dishonest suppliers to receive an order. It is common in all industry branches and can happen to any company. You are looking for a... More info >>>

PRE-PAYMENT RECEIVED BUT DELIVERY DELAYED

After receipt of the pre-payment the dishonest supplier can breach the contract and deliver the goods with serious delay. This situation is known to many importers and can often cause serious financial losses. This type of problem is unlikely to happen when the parties are using L/C in the transaction,... More info >>>

PRICE INCREASE AFTER PARTIAL SHIPMENT

After shipping the first part of the cargo the dishonest exporter can increase the price for the remaining quantity. One of our users has recently experienced this type of fraud (claim link). Unfortunately, it happens very often and can cause serious financial losses for the importer. This behaviour is often... More info >>>

FRAUDS IN INTERNATIONAL TRADE ARE ON THE RISE

Frauds involving fake shipping documents are on the rise in all parts of the world. ICC’s International Maritime Bureau (IMB) continues to uncover fraudulent activity in the shipping industry, recently discovering a number of trade scams emanating from China and Estonia. In the past few months, IMB has learned... More info >>>

CORPORATE FRAUD IS ON THE RISE

During the current economic crisis fraudulent activity is on the rise and it is expected to go even higher over the next few years. Based on the research, published by Ernst&Young in May 2009, 55% of the respondents who took part in the survey, expect corporate fraud to increase over... More info >>>

LUCRATIVE INVESTMENT CAN BECOME BIG LOSS

Fraudsters sell shares in companies that has no real value, leaving cheated investors with big losses. This type of fraud is known in many countries and is based on peoples´ credulity and desire to become rich fast. The scam is very simple. First the scammers need to establish a company... More info >>>

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