About fraud

IT WAS YOU WHO WANTED TO CHEAT ME! PART 1

An effective scam method where the fraudster accuses the victim in an attempt to cheat him and steal his money. This scheme is especially popular among scammers from countries where law enforcement is weak and the criminals often go free after their deeds. The fraudsters need certain preparations to... More info >>>

IT WAS YOU WHO WANTED TO CHEAT ME! PART 2

We can see that the scammers have achieved the first part of their plan but the story is far from finished. Needless to say, the seller “chooses” to ship the goods through the fake transportation company he made a website for. He informs the buyer that the goods were... More info >>>

IT WAS YOU WHO WANTED TO CHEAT ME! PART 3

Another option is when the buyer refuses to pay the money until he receives the cargo. In this case the “seller” informs him that he decided to take the containers back as he could clearly see that the importer wanted to cheat him. After a few days an “updated”... More info >>>

QUALITY FRAUD. PART 1

We have noticed a significant increase of this type of fraud where the importer receives a sub-quality product instead of the one he has paid for. This scam method is not new but based on our recent cases we can see that it is successfully running and a large... More info >>>

QUALITY FRAUD. PART 2

The buyer can clearly see that normal and civilised negotiations have no effect on the seller and he should decide whether to start legal action against the exporter or not. If the sum lost in the transaction is relatively low compared to the recovery costs and time spent, the... More info >>>

TRADER’S CHECKLIST

When making a new deal a trading company should seriously consider several points in order to avoid problems if something goes wrong. This article can be useful for small and medium sized trading companies which act as a middleman between a manufacturer (or another trader) and a foreign importer.... More info >>>

FALSE SHIPMENTS INTO NORTH AFRICA

Fraudsters produced fake documents in order to receive payments for non-existent shipment. The ICC International Maritime Bureau (IMB) has identified a series of potential documentary frauds related to purported shipments into North Africa. Would-be fraudsters thwarted by use of non-existent vessels. The shipments, all for single-container consignments, appear... More info >>>

CALCULATOR OF COURT FEES IN CHINA

Below you will find a simple court fee calculator. These figurers are good to know before you want to sue your Chinese counterparty. Claim amount in RMB (in USD)                               Fee rate                Simple calculation (3,042,520 >)                                            0.5%                    Claim amount x 0.005+41800 RMB So, for example, if your claim is 300,000 RMB,... More info >>>

COSTS TO SUE A CHINESE COMPANY

Litigation in China may become expensive and time consuming. Below you will find information about the litigation costs in China. One of the most important points to consider is the actual amount of the claim. In many cases the litigation and recovery costs may be much higher than the... More info >>>

WHY OUR PRODUCT IS SO CHEAP

One of the most powerful baits used by fraudsters to attract customers is a very competitive price. But such a “sale” should be somehow explained. Let’s see the possible explanations. When you receive a very attractive offer from an unknown company your first reaction will be very positive. Of... More info >>>

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