We have provided legal service for two foreign clients who experienced the same bad thing and lost a large amount of money in this year. It is quite necessary to write out the whole story to remind all businessmen of raising vigilance.
The client keeps a long and good business relationship with a foreign company and they always negotiate business such as the procurement contract and payment detail through email. In the middle of one negotiation, the other company sent an email saying that they had changed the bank account to receive the payment for their old bank account had something wrong. The client didn’t suspect at all, for the email address is quite similar to the other party’s and the staff member of the client didn’t notice the tiny difference. So, the client made payment to the new account given by the scammer, and obviously, it is quite hard and will take long to retrieve the money.
How did these scams happen? Per as our research and investigation, the scammers hacked the email box of the other party and got the information of the contract or the negotiation. Then, they established an email box of which the address was quite similar with the other party’s. When the real negotiation went into payment process, the scammers sent aforesaid email to the client and tricked the client to pay to the wrong account.
Damn scammers. We hope you never meet with such bad things and bad guys, and we also remind you to be vigilant with the email you received, especially when it contains information of bank account and payment, even it comes from an address which you totally trust. Double check the address.
If you are unlucky and already meet with a fraud, there is also a chance to retrieve the money and make the bad guys punished. Please never hesitate to come to us for legal help, we are experienced in that.