Real estate bad cheque fraud by William Scott
Date First Reported: October 2011
Primary Name Associated: William Scott
Description of Potential Fraud:
We’ve been advised of a scam by the purported William Scott 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. Ontario lawyers should be on the lookout as well. For a full description of how this fraud works and a list of names associated with it, see our Confirmed Fraud page.
Here is the initial email:
Name: Engr William Scott
I am retiring soon and i will be relocating for good,after searching the internet for a Real Estate Agent.I found your address for your firm i decided to choose your firm to buy my permanent home. The home will be a cash buy please get back to me A.S.A.P. I need a 4 to 5 bed rooms home of $2 Million – $4 Million.Please contact me directly
ENGR WILLIAM SCOTT
Responding to that email got this reply:
Thanks so much for your effort so far. I am interested in this property number MLS®#: 1108602. I like the features it possesses and i can’t wait to own it so i will need you to give all your support,dedication and commitment to make that possible.Property Description below;
LAKESHORE, N8N 5H2
List Price: $1,200,000
Please i would want you to retain a lawyer for me as soon as possible so that my stock broker can send the funds directly to him via cashier cheque to keep in a trust account until i arrive in your country which is in less than 2 weeks or if there is any possible way you could secure the funds my stock broker would send directly via cashier cheque in an Escrow account without getting the lawyer involve let me know.
I need you to respond to this email as soon as possible.Thank you very much for your understanding and enjoy the rest of your day as i also wish you success in all your endeavours.
Engr. William Scott
When ID was asked for, here’s what was provided:
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@example.com.
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.