Two Ontario lawyers and one in Kentucky have notified us that they have received an email from the purported Hideo Kuwabara of Koyo Electronics Industries with regards to a commercial debt litigation scam. For examples of other names attached to this kind of fraud see our Confirmed Fraud Page. For an explanation of how this fraud works see our Fraud Fact Sheet.
Here is the initial email:
From: Hideo Kuwabara [mailto:firstname.lastname@example.org]
Sent: Thursday, November 08, 2012 5:37 AM
Subject: Law Aid
I need a Business/Commercial litigation lawyer who can handle a collection issue. Please let me know if you can be of assistance to me or If not a referral could be helpful,Thanks and i await your mail.
One lawyer who replied got this response:
Thanks so much for the mail.
I am Hideo Kuwabara, soliciting your representation on behalf of KOYO ELECTRONICS INDUSTRIES CO LTD.. We need your counsel in litigation to collect a debt owed in the amount of $1,400.000.00USD by a delinquent seller in your region. We prefer to established Our presence in your state via a legal representative, Thereby forcing the seller to comply with payment request as effort made for refund has proven to be abortive.
Below is the location of the delinquent seller for you to run a conflict check, Please send me your retainer agreement for my review thereafter.
Beaver Creek Electronics Inc
155 East Beaver Creek Rd Unit 17
Richmond Hill, ON L4B 2N1, Canada
We ordered for Machines equipment worth $2,800,000.00 USD, of which 50 percent of the funds was demanded before delivery. Payment to the seller was made in January 2nd of 2012 and calculation shows that delivery Mayve three Months late, The regular purchase agreement requires seller to effect goods not later than 60 days upon payment or legal action may be enforced if delivery delay exceeds 90 days.
Up to date we have not gotten any of the machinery equipment, this is why we want back the funds so we can make a new other form a better company because of this the company has really run lost and still ruining lost.
I will forward you supporting documents i.e., proof of payment, sales invoice and wire transfer slip once your retainer agreement is signed.
I look forward to your prompt response and your retainer agreement.
KOYO ELECTRONICS INDUSTRIES CO
Kodaira-shi, Tokyo, JAPAN
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.
If you have been successfully duped, please immediately notify LAWPRO as there may be a claim against you.
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Fraud Fact Sheet More 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.