Real estate bad cheque scam by Wang Mesh
Description of Potential Fraud:
Four Ontario lawyers have notified us that they’ve been contacted by the purported Wang Mesh to act on real estate transactions that look like an attempt at a bad cheque fraud. As with scams of this type, it appears that this fraud is a set-up for a request to return real estate deal deposit monies paid with a bad cheque.
It is also the same name we’ve seen attached to a commercial debt collection scam.
For a full description of how this fraud works and a full list of names associated with it, see our Confirmed Fraud page.
Here is the email:
From: Wang Mesh
Sent: Tuesday, June 26, 2012 5:00 AM
I am Wang Mesh owner Wang Steel Mesh Co., Ltd. Yes am interested I want to buy the property. How do we proceed? It’s perfect seems you know what I want. Please send me the procedures because I need it as a matter of urgency. The only question is about the
*Asking price ?
*Condition of home ?
*Location of home?
*How old is the roof?
*What is the type of foundation?
*Does the home have insulation in the walls and attic?
*Have any appliances or systems been replaced and, if so, when?
otherwise, I don’t have any questions am satisfied and good to go.
Am always busy and at the moment I am not physically present to have or keep an appointment or view the property. I will have my manager do that when I receive your procedures and the aforementioned/above questions answered.
With the advent of Zillow.com and other online information centers, some of the data you would like to know can be found on the web, but much of that information is incorrect. This is the reason why I am asking you for these information’s.
Waiting for your response
WANG STEEL MESH CO.,LTD
One lawyer received the following cheque and cover letter at her office:
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.
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.