Business debt collection scam by Jackson Lawre

Posted March 26, 2013 by FraudInfo

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Description of Potential Fraud:

An Ontario lawyer and one in Texas have notified us that they’ve received an email from the purported Jackson Lawre looking to retain them with regards to a breach of a business loan agreement. This is similar to other frauds of this kind we have seen. For a full description of how this fraud works and to see other names attached to it, see our Confirmed Fraud page that deals with business loan frauds.

Here is the email:

From: Jackson Lawre
Date: Sat, Mar 23, 2013 at 6:33 AM
Subject: Hello Counsel
To:

Hello Counsel,

I am inquiring about the possibility of your firm representing me in the litigation of a breach of loan payment agreement. If this falls within the scope of your practice get back to me so that I can send the copies of our agreements and more information.

Regards,
Jackson Lawre

A lawyer who replied got this response and fake documentation:

Thanks for your prompt response.Below is the name of the borrower for your conflicts check:

Name-DENNIS BENSON

The Borrower is someone I have known for a few years and we have done business in the past without any issues.He has only paid $45,000 out of a total ($615,000) the balance is still outstanding till this day. I am in constant contact with him and even though he has promised to pay the balance, I think the threat or possibility of litigation would serve as a catalyst to make him pay sooner rather than later.

I am prepared to pay a reasonable retainer or collection costs for this service as soon as I get an engagement letter from your firm. I expect this to be a non-litigation collection from the borrower but I am prepared to litigate this matter if Mr.Benson is not ready to pay the balance owed on the loan agreement.

I have attached to this mail a pdf version of the loan agreement promissory note for your perusal.Please send me a copy engagement letter so that we can proceed with this issue with Mr.Benson. I want to also let you know that as a owner of a small business,this loan that I gave to him has caused considerable strain on my operational capital.Below is a break down on the loan capital and part payment he has made so far with the outstanding balance.

Amount Borrowed- $615,000.00
Date – 14/september/2012
Interest rate- 7.75 a year
Amount Paid From Capital-$45,000.00
Date Of Part Payment- June/14/2012
Outstanding Balance-$570,000

Regards,
Jackson Lawre
64 Cuzon Street
Calne Wiltshire , England
SN11 0ES
UK
(703) 592 – 5142

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.

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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.