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
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ScamShield blocks messages and calls from numbers known to be used in illegal activities.