News Formal

5 retailers in renovation industry lose $25k to bulk order scams

  • 📰 thenewpaper
  • ⏱ Reading Time:
  • 25 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 63%

SCAMS News

INTERNET CRIMES AND SCAMS,Police,RENOVATION

At least five victims have fallen prey to a scam targeting retailers in the renovation industry, with at least $25,000 lost in total since April 12. In a statement on April 24, the police warned of the re-emergence of fake bulk order scams that target the renovation...

At least five victims have fallen prey to a scam targeting retailers in the renovation industry, with at least $25,000 lost in total since April 12.

The fraudsters would pretend to be customers and contact such businesses either over the phone or through WhatsApp to purportedly place bulk orders. The scammers would then recommend a “supplier” where the businesses could purchase the additional items.This would persuade the businesses to make upfront payment for orders placed with the “suppliers”. They would realise they had been scammed when their bank accounts did not reflect the payments that had allegedly been made.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 7. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

5 retailers in renovation industry lose at least $25k in 2 weeks to bulk order scamsThe scammers would pose as customers to purportedly place bulk orders with renovation retailers.
Source: straits_times - 🏆 5. / 69 Read more »