Business debt collection scam by Yu Sheng Li
Date First Reported: May 2013
Primary Name Associated: Yu Sheng Li
Description of Potential Fraud:
An Ontario lawyer has notified us that he received an email from the purported Yu Sheng Li looking to retain him 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 initial email:
From: Mr Yu Shengli [mailto:email@example.com]
Sent: March-13-12 11:41 AM
To: undisclosed recipients:
Ref: Legal Service
I am Yu Sheng Li a Chinese based in Malaysia.I need the service of a lawyer to collect the money i loan to a friend who now reside in Canada. Please let me know if this matter is within the areas of your practice.
Yu Sheng Li
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.