About fraud

MARKET KNOWLEDGE AS FRAUDSTERS’ TOOL. PART 2

Once the basic knowledge is received the fraudsters start to establish contacts in the industry. They may answer the selling offers from the trading boards or publish their own “offers.” When the first contacts with the buyers/sellers are established the scammers start negotiations only with one purpose: receive as... More info >>>

SCAM: WE HAVE A VERY GOOD OFFER FOR YOU! PART 1

Be careful when your supplier offers you an abnormally large volume of goods on very attractive terms. It could be a trap. It may take some time for fraudsters to prepare for this scam but in the end their patience will be rewarded. First of all the scammers register... More info >>>

SCAM: WE HAVE A VERY GOOD OFFER FOR YOU! PART 2

As the scammers managed to win trust with their buyers it is very likely that the importers will believe them and place the orders. As the companies have been working together for such a long time the chance that the buyers will demand a pre-shipment inspection of the goods... More info >>>

FAKE CHARTERER FRAUD

When a bogus charterer disappears with the money the vessel owner, the shipper and the consignee will be in great trouble. This type of fraud is relatively easy to implement especially during the economic recession when there are plenty of cargo vessels looking for work. During stagnating shipping market... More info >>>

OWN PREPAYMENT USED AGAINST THE BUYER

By sending the prepayment to an unknown supplier the buyer can risk becoming its”hostage” and lose even more money. Scammers in many industries often use this technique and importers have to be very careful not to become its victim. The scheme is very simple and easy to implement. First... More info >>>

FAKE COMPANY REPORT

Attempting to cheat their prospective partner, fraudsters can provide a favourable, but forfeited company report. Both exporters and importers can become victims of this type of fraud. For example, importer A wants to purchase a certain product from exporter B. The companies have no previous experience with each other... More info >>>

SPURIOUS STEEL TRANSACTIONS

A number of suspicious transactions in the steel trade has been identified by the ICC International Maritime Bureau (IMB). The Bureau identified several documents for shipments of steel products that appear suspicious, while conducting due diligence on behalf of members. The purported shipments covered consignments of steel billets from... More info >>>

BAD ADVICE FOR EXPORTERS

If you want to be duped and lose your money and goods just follow this advice. We guarantee that your company will go broke very quickly. Never check your buyer’s registration. A complete company check is never worth the money spent. Trust the information you received from your prospective... More info >>>

BAD ADVICE FOR IMPORTERS

Tired of being in business? Too much hassle with your company? Just follow the advice below and your company will not exist in a few months, if not earlier. It is a good sigh that you are offered a product at a price that is much lower than the... More info >>>

12 TELL-TALE SINGS OF FAKE WEBSITES. PART 1

Below you will find the most obvious signs of fake websites used by fraudsters worldwide with one purpose: collect your money and disappear. We have seen many examples where a company or a private person places an order with a foreign company through the internet, pays by credit card... More info >>>

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