Cold Call Supplier Scam
WHAT IS A COLD CALL SUPPLIER SCAM?
You run a trading firm and get a call from a person overseas offering you exclusive rights to sell a product in Singapore. You accept the offer and shortly after receive a large order for the product, which actually comes from the scammers. To fulfil the new “order”, you order and pay for the products. The products never arrive and the scammer disappears.
Look out for these scam signs
Strangers on the phone, particularly if they are overseas, offering attractive business opportunities should be treated with suspicion.
How to stay safe
Cold Call Supplier Scam: Real Stories
02 Sep 2022 | Cold Call Supplier Scam
Scammer claimed to be a purchaser from a hotel chain
Given a call to buy office furniture for 'Stand Hotel'. Caller claimed that it was an urgent, I sent them the quotation and he straight away confirmed the deal. Thereafter, he asked for my bank account…...
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ScamShield blocks messages and calls from numbers known to be used in illegal activities.