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Date First Reported: July 2011

Primary Name Associated: Richard Abramovic

Description of Potential Fraud:

fraud-warning

Over twenty lawyers in Canada and the U.S. have reported a business loan collection scam by someone purporting to be Dr Richard Abramovic. This is identical to fraud attempts occuring at the same time under the name Mark Rudic. For full details of how these kinds of frauds work see our Fraud Fact Sheet. For a full list of other names attached to this kind of fraud see our Confirmed Fraud Page.

Here are examples of the messages (note the different email addresses used):

From: Dr. Richard Abramovic [email protected]
Subject: Legal Enquiry/reply asap
To: Lawyer Name
Date: Sunday, June 19, 2011, 8:34 PM

My name is Dr. Richard Abramovic and I provided a business partner of
mine Mr Robert Garcia a business loan in the amount of $394,000 , He
needed this loan to buy some equipment for his business in 2008. He is
based in your Jurisdiction .
The loan was for 24 months and interest rate of 8.75%. The capital and
interest were supposed to be paid on September 15th 2010 but Mr. Garcia
has only paid $91,100. Please let me know if this fall within the scope
of your practice so that I can provide you with the loan documents and
answer any other questions you may have.

Dr. Abramovic

From: Dr. Richard Abramovic [email protected]
Sent: July-01-11 1:07 PM
To: Lawyer Name
Subject: Legal matter/reply asap

My name is Dr. Richard Abramovic and I provided a business partner of
mine Mr Robert Garcia a business loan in the amount of $394,000 , He
needed this loan to buy some equipment for his business in 2008. He is
based in your Jurisdiction .
The loan was for 24 months and interest rate of 8.75%. The capital and
interest were supposed to be paid on September 15th 2010 but Mr. Garcia
has only paid $91,100. Please let me know if this fall within the scope
of your practice so that I can provide you with the loan documents and
answer any other questions you may have.

Dr. Abramovic

How to handle a real or suspected fraud

If you have been targeted by any of these frauds, please forward any of the emails and supporting documents that you have received to [email protected]

If you suspect you are acting on a matter that might be a fraud, call LAWPRO at 1-800-410-1013 (416-598-5899). We will talk you through the common fraud scenarios we are seeing and help you spot red flags that may indicate you are being duped. This will help you ask appropriate questions of your client to determine if the matter is legitimate or not. If the matter you are acting on turns out to be a fraud and there is a potential claim, we will work with you to prevent the fraud and minimize potential claims costs.

If you have been successfully duped, please immediately notify LAWPRO as there may be a claim against you.

For more immediate updates on fraud and claims prevention, subscribe to the email or RSS feed updates from LAWPRO’s AvoidAClaim blog.

Fraud Fact SheetMore fraud prevention information and resources are available on the practicePRO Fraud page, including the Fraud Fact Sheet, a handy reference for lawyers and law firm staff that describes the common frauds and the red flags that can help identify them.