Download a PDF of the alert Risk Management Question The Canadian Trade Commission recently issued a warning about a new email scam that involves the sender posing as a Chinese registrar company and attempting to convince the receiver that an existing firm domain or brand name is in danger of being registered by an unrelated third party The invitation to China to sign a lucrative sales contract is a fraud scheme that has been going on for many years and a ripoff that companies sadly enough still fall victim for The whole idea of the scam is to convince a foreign company to pay various administration fees and gifts in order to land a very attractive sales contract with a

Reporting international scams

Oct 13 2015Maybe you've done business with an overseas company that hasn't lived up to its end of the deal Perhaps you got "winning" lottery notices from another country or got asked to send money overseas to secure your international job If you've spotted a scam that crosses international borders you can file a report at econsumer gov

Nov 30 2017And while brushing in its many forms is illegal in China and the scam probably constitutes mail fraud under U S laws such international infringement can mean few consequences for the scammers if any There may be little U S recipients can do to stem the tide of Chinese gifts So they may just follow your other spam mail into the trash

Dec 21 2011While this scam mostly uses email to find victims criminals will sometimes cold call people pretending to be package delivery companies Keep in mind however that these companies will never give you an unsolicited phone call If they can't deliver

Mar 23 2018Directed by Jed Rothstein With Soren Aandahl Carson Block Dan David Maj Soueidan An unsettling and eye-opening Wall Street horror story about Chinese companies the American stock market and the opportunistic greed behind the biggest heist you've never heard of

Please do not send money to this company You will not get it back Joyce M | 1 star: Bad | Mar 8 2020 I did not write this comment below the Chinese company did It is all lies they are scam artists and liars took over 30 days to receive the wig it was the wrong color so poorly made it was just ugly!!

Here's Why You Should Think Twice Before Clicking On That

Apr 05 2016A BuzzFeed News investigation into these companies shows many are linked to a major Chinese clothing retailer led by one of China's richest men And it suggests Facebook which has become a major source of customers for the companies

Oct 13 2015Maybe you've done business with an overseas company that hasn't lived up to its end of the deal Perhaps you got "winning" lottery notices from another country or got asked to send money overseas to secure your international job If you've spotted a scam that crosses international borders you can file a report at econsumer gov

Apr 14 2020To check if a company is genuine read online reviews from other customers and clients to see if people are saying the company is a scam or untrustworthy You can also try checking the company's website to see if it has a legitimate phone number and address listed If it doesn't the company

Mar 02 2012As we search for frugal fashions some online clothing companies remain poised to scam us You know the ones they constantly pop up as sponsored ads on Facebook and Instagram The pictures usually don't show the model's head and promises these amazing designs for $10 80% of the time it's a scam

One actual scam email reads as follows: Dear Sir The important affair is about your company name [X Company] registration please forward it to your company's leader Recently we received the registration application from [Chinese Company Ltd] they want to register the [X Company

Mar 02 2012As we search for frugal fashions some online clothing companies remain poised to scam us You know the ones they constantly pop up as sponsored ads on Facebook and Instagram The pictures usually don't show the model's head and promises these amazing designs for $10 80% of the time it's a scam

The three indicia of fraud are as follows: 1 The company has a large amount of cash in the bank I often see supposed cash holdings greater than 50% of the company's annual gross revenues Interest rates at Chinese banks are very low and legitimate Chinese companies do not usually keep large amounts of cash in interest bearing bank accounts

Apr 14 2020To check if a company is genuine read online reviews from other customers and clients to see if people are saying the company is a scam or untrustworthy You can also try checking the company's website to see if it has a legitimate phone number and address listed If it doesn't the company

List of Scamming Websites 2020

List of Scamming Websites List of Scamming Websites: Add Your Experience We have received so many online shopping fraud complaints in the last few weeks that we decided to publish this page for public awareness and consumers protection You can add your bad experience if you have one in the Comments section below and contribute to list of scamming websites we are presenting in 2020

Oct 13 2015Maybe you've done business with an overseas company that hasn't lived up to its end of the deal Perhaps you got "winning" lottery notices from another country or got asked to send money overseas to secure your international job If you've spotted a scam that crosses international borders you can file a report at econsumer gov

Apr 27 2012A good article on the China Law Blog (China Scam Alert: The Different Company Bank Account Again ) describes a typical case: Chinese Company secures orders from foreign company In the past these orders were almost exclusively secured over the internet but we have recently been hearing of many cases where the Chinese company actually goes to

Mar 02 2012As we search for frugal fashions some online clothing companies remain poised to scam us You know the ones they constantly pop up as sponsored ads on Facebook and Instagram The pictures usually don't show the model's head and promises these amazing designs for $10 80% of the time it's a scam

Mar 10 2018This scam starts out with a Chinese company offering stock ownership as an alternative form of payment The typical scam usually goes like this The Chinese company — usually in the tech sector — is in desperate need of the expensive skills or knowledge of a foreign person or entity The Chinese company tells the foreign tech people or

Mar 10 2018This scam starts out with a Chinese company offering stock ownership as an alternative form of payment The typical scam usually goes like this The Chinese company — usually in the tech sector — is in desperate need of the expensive skills or knowledge of a foreign person or entity The Chinese company tells the foreign tech people or

Mar 23 2018Directed by Jed Rothstein With Soren Aandahl Carson Block Dan David Maj Soueidan An unsettling and eye-opening Wall Street horror story about Chinese companies the American stock market and the opportunistic greed behind the biggest heist you've never heard of

Feb 15 2014I came across this one-post blog called Chinese Stock Fraud The most interest-ing information is a list of Chinese stock frauds in Singapore Hong Kong and the U S and Canada The author lists 121 companies 54 in the US and Canada 44 in Hong Kong and 23 in Singapore It is the best list I have seen of Hong Kong and Singapore frauds

Apr 14 2016As BuzzFeed detailed last week Global Egrow is the biggest of a group of Chinese clothing companies that have been able to flourish on Facebook despite thousands of complaints from women in North America and elsewhere saying the sites use stolen images to sell poorly made knockoff apparel that is often unwearable Women say the replicas take weeks or months to receive — if they

Jul 02 2020Caixin a Beijing-based media group known for investigative journalism has exposed the massive gold scam The Chinese company misrepresented to the tune of 83 tons of the yellow metal This is equivalent to 22 percent of China's annual gold production or 4 2 percent of China's gold reserves as of 2019 This is a huge jolt to the Chinese economy and whatever creditworthiness the country

Global Fraud Focus Examining Cross-Border Issues According to a June 5 article China foreign listings dogged by scandal by Robert Cookson in the Financial Times a spate of scandals at Chinese companies listed in New York Hong Kong and Toronto is unsettling investors It seems to have bubbled into a hysteria and creates an unfortunate overhang over all Chinese companies seeking to raise

How it works – versions of scams frauds An unknown Chinese company starts to contact a foreign company by email in order to check out their products Then after just a few exchanges by email and without any meetings and sample test they place a big order to the foreign company They will sound very trustful and be even willing to pay