About fraud

CARGO STOLEN DURING THE TRANSPORTATION

A simple way to steal your cargo is when it is being transported by road. This form of cargo stealing is very simple and effective and it does not require much effort from the scammers. First they need to create a phony transportation company. For this purpose they make... More info >>>

CHEQUE FOR 125 MILLION EUROS

Today the German customs authorities have stopped a Ukrainian citizen who had a cheque for 125 million Euros. The businessman was crossing the Swiss-German border at the town of Singen when he was stopped by the German customs officers. During the check they found a bank cheque for 125... More info >>>

AN ORIGINAL METHOD TO MARK DOWN THE PURCHASING PRICE

This is a simple and effective method used to reduce the purchasing price for goods: this example is taken from the wood industry. One of our visitors experienced an original way of reducing the purchasing price for the ordered goods. “I had an interesting case that I called ‘Carousel’.... More info >>>

CONTACTS ESTABLISHED, TRADER LEFT BEHIND

Often producers and importers allow traders to do the ‘dirty work’ at the initial stage of the co-operation. When things are underway the trader is left aside. This type of behaviour cannot be called “fraud”. Many companies often consider it a business tactic. It is especially painful for trading... More info >>>

EXCESSIVE QUALITY DEMANDS AS A METHOD TO REDUCE PURCHASING PRICE

Dishonest importers can try to reduce the purchasing price by setting excessive quality demands. This method of reducing the purchasing price is used when the seller produces the goods according to the specifications given by the buyer. It often happens in industries where the quality of the lot varies... More info >>>

HOW TO COLLECT AN OVERDUE DEBT

Suppliers use this technique to receive overdue debt from the buyer. Usually after such “collection” their relations will be over. When negotiations bear no results and the buyer is feeding the supplier empty promises to pay for the goods, the seller may use this technique to collect the debt.... More info >>>

FAKE GUARANTEES FROM SBERBANK

Sberbank warns its clients about increasing cases involving the use of fake Sberbank’s guarantees. The Security Department of Moscow branch of Sberbank has proven information about the increasing number of attempts by organised groups of fraudsters to use fake Sberbank’s guarantees that are supposedly to be issued by its... More info >>>

DEBT’S EXPIRATION

Many creditors think that if the debt is not collected within one to two years it expires and it makes no sense to press the debtor any further. This is not true. It often happens that if a creditor cannot collect the debt during one to two years he... More info >>>

DEAL WITH SEVERAL COMPANIES INVOLVED = LITTLE CHANCE TO CLAIM THE LOSSES

When several companies are involved in one delivery it might be difficult for the importer to claim compensation if there is any problem with the consignment. There is no secret that many import-export contracts are made not between the real consignees and consignors, but middlemen companies acting on their... More info >>>

HOW TO BREACH A CONTRACT WITH A MIDDLEMAN

This method is used by exporters and importers to make direct business with each other, thus bypassing the agreement with the middleman. When middlemen develop business between a manufacturer and importer they want to stay in this chain for as long as possible. Any middleman knows that once the... More info >>>

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