Real estate bad cheque fraud by Huan Jiao
Date First Reported: September 2011
Primary Name Associated: Huan Jiao
Description of Potential Fraud:
A lawer in Ontario and one in Quebec have advised us that they have been contacted by the purported Huan Jiao with regards to a real estate purchase. As with scams under the names Shiukmoda Joji and Jyoung Chung Tu, it appears that this fraud is a set-up for a request to return real estate deal deposit monies paid with a bad cheque. For a full description of how this fraud works and a list of names associated with it, see our Confirmed Fraud page.
Here are some of the emails from the fraudsters and a scan of a counterfeit cheque and cover letter that arrived at one of the lawyers offices.
From : Huan Xiang
Email : email@example.com
Thank you very much for your swift response. I am Mr.Huan Xiang Jiao. a Japanese origin I need a 3 to 4 bed room single family home or Condo property to buy and it has to be a traditional sale and its going to be a cash buy, with a garage and 2 bath with or withoutswimming pool price should be $200K-$700k please send me some listing/MLS to choose in any of this area good with the basic amenities especially good health facility and nice to stay as my retirement home as my wife is a cancer patient and needs to stay close to a good health facility.
I am currently in a remote area in Japan for further information
Note: I will contact you after choosing from the listings that you will be sending to me.
I will like the MLS# 8570618 which is $447,700 because I love everything about this property, please send me the contract for me to sign and return immediately this will be my retirement home and it will be a cash buy
1. I will want to close on 20th October, 2011
2. I want to put contingency on inspection on the contract.
My legal name is Mr. Huan Xiang Jiao . A Japanese Origin and I am married, I will not be in the Canada before the closing date to wire the funds to your attorney so I will advise you to send me your attorney information so that my attorney can make immediate payment for the purchase since I won’t be in the Canada to wire funds for closing.
I am currently willing to purchase this house because of the ill state of health of my wife here in Japan and I want to move her and my family out of this Environment. The payment for this property would be made to your attorney in Trust until the closing date by my company accountant who would issue a company’s check which would cover the above stated amount and all tax and agent charges.
Please forward me a purchase contract agreement in docusign format or any other suitable format, DocuSign format is an electronic way of signing document, forward it to me via docusign format, their website is http://www.docusign.com/ or any other electronic document.
Please note that I would be making the payment via a cashier’s check made payable to the attorney in Trust.Please confirm the following details so i can start processing payment to you.
Check payable to :
Address to post the check:
Person to reeceive the check:
Email address of contact person:
Total amount to be issued on check(including inspection fees,):
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 firstname.lastname@example.org.
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.
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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.