Commercial debt collection scam by Xian Chin of Shanxi Xinfusheng Machinery
Date First Reported: April 2013
Primary Name Associated: Xian Chin
Description of Potential Fraud:
A Florida lawyer notified us that they have received an email from the purported Xian Chin of Shanxi Xinfusheng Machinery 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: Shanxi Xinfusheng Machinery [mailto:email@example.com]
Sent: Tuesday, July 21, 2009 2:25 PM
Subject: Help Collect Fund
We are a reputable Machinery company in China we have some
debts we would like you to collect for us, after some goods were supplied to
a company in USA and Russia and an advanced payment was made since then they
have not gotten back to us with the balance please get back to us on how you
think you can assist.
Shanxi Xinfusheng Machinery
Replying to the email brought this response:
Thanks for your swift response regarding your interest in assisting us recover our fund but before we forge ahead we will like to know the below information,we have no retainer to offer as we are going through so many financial crises at the moment.
The debtor company’s affiliate office is located in Usa with its head office in Russia but we have been dealing with the affiliate office over there in Usa where previous down payment was made. The debt amount is $209,099, 00usd.the debt age is over 15 months.
1)15% contingency fee is acceptable with us as long as you are able collect the debt
2)How soon you can have this fund collected for us.
3)How soon we can collect back our fund after you might have sucessfully retrieved back the fund.
4)What is your remittance Policy?
Reason why we ask this is that this fund is really affecting the capital and slowing our transaction,so we need it as soon as possible we shall be grateful if you can assist in retrieving this fund.
Shanxi Xinfusheng Machinery
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.
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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.