Tokyo, Japan is getting ready to put an end to scammers that have victimized a lot of people and ruined many companies. The authorities have received reports and complaint regarding fake companies using the names and details of legitimate ones to obtain huge amounts of money.
It has been happening in the firms located in Western countries like USA and Canada, and it is not impossible to reach Asian countries like Japan. Different firms, independent layers, as well as legitimate businesses are being affected by the rising rate of fraud transactions.
Behind the scam
One of the common scam today now targets law firms and business. The scammers send out hundreds of messages to various firms. It may seem like an email sent by potential clients but little did some companies know that it’s only a templated message sent by people committing fraud purchases.
The victims receive an email saying that they are planning to make a large commercial purchase. This scheme is a part of a bad cheque scam and many legitimate companies have been victimized and even ruined by it due to financial drawback. The email sender presents the victims with a legal matter requiring the assistance of a lawyer. In this scam, lawyers or the whole firm will be duped into wiring real funds from their trust accounts. The fraud scheme happens after depositing a fake cheque received as a payment from the purchaser who plays a part in the fraud.
Precautions to avoid scam
To avoid being a victim of the bad cheque fraud or purchase scam, the Tokyo authorities are doing the necessary measures to apprehend the culprits of the scam. You can also do these precautions to protect yourself:
- Validity of information
Check the reputation and authenticity of the potential client’s company information. It is also important to review the other details that have been provided in the email. The best way to make sure you do not become a victim of fraud is to stick with trustworthy companies.
- Always track the transactions
Do not allow any transactions to only happen online. It is a major red flag if the client always gives an excuse to use other third-party services to use for the transactions. It is better for both parties to track down all the transactions. For lawyers and firms that are requested to give their services for professional agreement, it is also a good way to put both buyers and sellers in contact with each other.
- Avoid sites that are known for fraudulent activity
You cannot find honest people who are buying and selling equipment from fraud websites so better prevent having any transaction from it.
- Buy only from established dealers
Firms and other businesses can lessen the risk of getting involved in any scam if they avoid suspicious companies.
Customer support service by UserEcho